Nigerian Banks To Take $3.8 Billion Hit for Missing Targets
Nigeria’s central bank took 1.47 trillion naira ($3.8 billion) from lenders as additional cash reserves for failing to meet regulatory…
Author: Ekemini
Europe Is Preparing A Trillion-Euro Fund To Rebuild Its Economy
EU leaders have agreed to create a fund that could raise at least 1 trillion euros ($1.1 trillion) to rebuild regional economies ravaged by the coronavirus pandemic.
Facebook Is Taking On Zoom With New Video Features
Facebook has a long history of expanding its features to emulate major competitors. Now it’s taking on platform-of-the-moment Zoom.
Singapore Airlines To Cancel Most Flights Until End Of June
Singapore Airlines said it will cancel most flights until the end of June. About 96% of scheduled flights will be…
Trump Threatens To Block Aid For U.S. Post Office If It Does Not Raise Prices For Amazon
President Donald Trump on Friday threatened to block federal aid for the U.S. Postal Service unless it raises shipping rates…
Kanye West Becomes Hip-Hop’s Second Billionaire
has touted his billionaire status before — but now, the rapper is showing the receipts to prove it. According to a report published…
Bill Gates: It’s Impossible To Overstate The Pain That Lies In The Years Ahead
That’s Bill Gates, Microsoft’s co-founder and co-chair of the Gates Foundation, sharing his latest thoughts on the coronavirus pandemic in…
Billionaire Leon Cooperman Says ‘Capitalism As We Know It Will Likely Be Changed Forever’
Billionaire Leon Cooperman says that the U.S. economy and markets may be facing lasting implications from the COVID-19 pandemic that…
Coronavirus: US Companies Already Facing Bankruptcy
A growing number of companies will file for bankruptcies in 2020 as businesses remain shuttered due to the coronavirus. Airlines, retail…
Central Bank Of Nigeria Set Dec 2024 As Exit Date For Its N50bn Intervention Loans
The Central Bank of Nigeria has set December 31, 2024 exit date for its intervention loans to the Small and…
Sunlight And Humidity Kill Coronavirus The Fastest: US Scientists
US scientists say coronavirus dies the fastest when it is exposed to direct sunlight, though a study cited has not…
Nigerian Stock Market Extends Decline, Loses N162bn
Activities on the Nigerian Stock Exchange on Thursday closed southwards, extending previous negative sentiment to three consecutive trading sessions, following…
MTN Group To Reduce Stake In Nigeria
MTN Group Ltd will push on with the plan to reduce its majority stake in the wireless carrier’s business, it…
Bezos, Musk Among Billionaires Gaining Net Worth In Pandemic
The combined wealth of America’s billionaires, including Amazon.com (AMZN.O) Inc founder Jeff Bezos and Tesla Inc (TSLA.OA) chief Elon Musk,…
Russia Cuts Key Interest Rate As Coronavirus And Oil Price Plunge Take Hold
The Central Bank of Russia (CBR) on Friday cut its key interest rate by 50 basis points to 5.5%. The…
Oil Prices Rise, Capping Week Of Historic Turmoil Over Coronavirus
Oil prices climbed on Friday, adding to gains from earlier sessions after producers such as Kuwait said they would move…
Coronavirus Stockpiling Drives Best Nestle Sales Growth In Years
Swiss food giant Nestle (NESN.S) reported its best quarterly sales growth in nearly five years on Friday as consumers stockpiled…
U.S. Aid Bill Passed; Duterte Extends Lockdown
The U.S. House of Representatives overwhelmingly passed a $484 billion coronavirus aid package, replenishing funding to aid small businesses and provide support for…
Asian Stocks Slip; Crude Oil Pushes Higher
S&P 500 Index pares rally as virus-drug test disappoints. 10-year Treasury yield holds at 0.6%; Crude climbs in New York
Why I Suspended Green Cards — Trump
U.S. President Donald Trump has defended his new executive order that temporarily suspends immigrant visas. Addressing newsmen on Wednesday evening…
South Africa To Ease Virus Lockdown In Bid To Revive Economy
South Africa’s government will begin easing a lockdown that has devastated the economy from next month, and assess the levels of…
This Is What It Takes To Be In The 1% Around The World
The “top 1%” is the symbol of wealth and power thanks to a protest movement. Since Occupy Wall Street popularized the…
Why Is Harvard Getting $9 Million In Stimulus Money When It Has A $40 Billion Endowment?
Harvard is under attack for the $9 million in stimulus money it’s getting from the federal government. “America’s Richest University…
Nigeria: GTBank Releases Q1 2020 Unaudited Results, Reports Profit Before Tax Of ₦58.2Billion
Guaranty Trust Bank plc has released its unaudited financial results for the period ended March 31, 2020, to the Nigerian…
Nigeria: Nestlé Donates N700 Million Towards Coronavirus Response
In line with its company’s policy to improve livelihoods in its communities, Nestlé Nigeria has contributed over N700 million to…
UK Economy Crumbling Under Coronavirus Strain As Questions Mount Over Lockdown Exit
The United Kingdom’s economy is crumbling under the strain of the coronavirus lockdown and government borrowing is soaring to the…
Venture Firm Benchmark Raises New Fund Without Early Uber Investor: Source
The Silicon Valley venture capital firm known for its early backing of companies such as Uber Technologies Inc is raising…
Flaw In iPhone, iPads May Have Allowed Hackers To Steal Data For Years
Apple Inc (AAPL.O) is planning to fix a flaw that a security firm said may have left more than half…
Trump Signs Immigration Order Curbing Green Cards
President Donald Trump on Wednesday signed an order to temporarily block some foreigners from permanent residence in the United States,…
China To Donate More Money To The WHO
China is to donate an additional $30 million to the World Health Organization (WHO) to support efforts to combat the coronavirus, China’s Foreign Ministry spokeswoman Hua Chunying said on Thursday.