ECOWAS Appoints Buhari To Coordinate Fight Against COVID-19 In Africa Sub-region
Member countries of the Economic Community of West African States (ECOWAS) have appointed Nigeria President Muhammadu Buhari as the coordinator…
Author: Ekemini
Gap Stops Paying Rents, Warns It Might Not Have Enough Cash For Operations
Gap warned on Thursday it may not have enough cash flow to sufficiently fund its operations as stores remain shut…
Nigerian Telcos Battle Congestion, Suspend Porting, Seek Spectrum Sharing
Telecommunication operators are struggling to keep up with the rise in voice and data traffic that has led to congestion…
Why A ‘Return To Normal’ Could Mean Disaster For The Stock Market
It’s hard to deny, although some do, that the stock market, pre-coronavirus, was pushing the limits of what it means…
Target’s Shares Tumble As Retailer Says First-Quarter Profits Will Be Hurt By Higher Costs
CEO Brian Cornell said Thursday the retailer has benefited from a surge in online shopping, but warned it will have…
Apple Aims To Sell Macs With Its Own Chips Starting In 2021
Apple Inc. is planning to start selling Mac computers with its own main processors by next year, relying on designs…
Oil Crash May Warrant Production Halt In Nigeria – NNPC
Nigeria has not stopped producing crude oil but a persistent crash in oil prices may lead to a halt in…
Saudi Arabia May Re-route Tankers If U.S. Imposes Crude Import Ban
Saudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald…
Record U.S Jobless Claims Wipe Out Post-Great Recession Employment Gains
A record 26 million Americans likely sought unemployment benefits over the last five weeks, confirming that all the jobs created…
Pandemic Throws Asia’s Services Firms, Factories Into Deeper Decline
The coronavirus pandemic battered Asian economies in April with social-distancing policies and business closures taking a particularly heavy toll on…
Facebook Rolls Out Messenger Kids To 70 New Countries
Facebook on Wednesday rolled out its Messenger Kids application to 70 new countries, saying it can help children deal with…
Ethiopian Airlines’ CEO Says The Airline Is ‘Fighting For Survival’
Ethiopian Airlines CEO Tewolde Gebremariam told an aviation conference in Addis Ababa the coronavirus pandemic was “a temporary problem” –…
Kraft-Heinz Extends Factory Worker Bonuses In Pandemic
Kraft Heinz (KHC.O) will extend for two weeks a $100 per week stipend for factory workers producing its packaged foods…
Netflix To Borrow Another $1 Billion Despite Record High Cash Balance
Netflix Inc. is selling new junk bonds, even as the company sits on a record high cash balance and turned its first quarter of positive cash flow in six years.
Central Bank Of Nigeria To Begin Disbursement Of N50bn COVID-19 Fund On Thursday
Barring any last-minute change in plans, the disbursement of the first tranche of the Central Bank of Nigeria N50bn targeted…
Stocks Rise After U.S Senate Approves Coronavirus Relief Funds
Stocks rose Wednesday morning, recovering some losses after a sell-off in risk assets a day earlier sent the S&P 500 to…
Nigerian Government To Use BVN To Identify Poor Nigerians – Sadiya Farouq
As the coronavirus pandemic continues to rampage, the FG has revealed plans to expand the social register for palliative distribution…
Coronavirus Pandemic Will Cause Global Famines Of ‘Biblical Proportions,’ UN Warns
The world is facing multiple famines of “biblical proportions” in just a matter of months, the UN has said, warning…
Coronavirus Propel Netflix To Huge Subscriber Gains
Netflix added a stunning 16 million subscribers in the first quarter of 2020, as the coronavirus pandemic led people to stay at home and binge on hit docuseries, such as “Tiger King,” and reality shows like “Love is Blind.
Study Finds No Benefit, Higher Death Rate In Patients Taking Hydroxychloroquine For Covid-19
Coronavirus patients taking hydroxychloroquine, a treatment touted by President Trump, were no less likely to need mechanical ventilation and had higher deaths rates compared to those who did not take the drug
U.S. Home Sales Tumble As Coronavirus Keeps Buyers Indoors
The slump in home resales reported by the National Association of Realtors (NAR) on Tuesday added to a pile of…
China: The Biggest Winner Of The Oil Crash
A clear winner has emerged from the historic rout in global oil markets: China, which is reaping an unlikely reward…
Nigeria To Earn $10.61bn From Crude Oil Between May And December After Recent Production Cuts
Nigeria may earn about $10.61bn from crude oil sales between May and December this year following latest decision by members…
Trump Looking At Stopping Saudi Oil Shipment As U.S Crude Oil Price Plunges Into Negative
U.S. President Donald Trump said on Monday that his administration was looking at the possibility of stopping incoming Saudi Arabian…
80,000 Apply For Coronavirus Loan In Nigeria
NIRSAL Microfinance Bank (NMFB) has resolved that the business plans for the ₦50 billion Targeted Credit Facility as a stimulus…
Coronavirus: Spain Pledges More Economic Support
Spain’s cabinet approved measures to support workers and businesses struggling under stringent coronavirus restrictions on Tuesday as officials cheered a…
Coca-Cola Posts Better Than Expected Earnings But Coronavirus Continues To Wreck Havoc
Coca-Cola’s (KO) better than expected first quarter on Tuesday may not even matter to investors as business has fallen off…
South Africa’s Rand Opens Weaker As Fear Of Economic Contraction Grows
The South African rand opened weaker on Monday, mirroring moves elsewhere in emerging markets as fears over global economic growth…
Nigerian Stock Exchange Records Marginal Loss To Commence Weekly Trading Activities
Transactions on the floor of the Nigerian Stock Exchange on Monday recorded a marginal loss to commence the weekly trading…
Global Oil Price Benchmark Slumps To $19
The global oil price benchmark, Brent crude, has extended its decline, plummeting to $19 per barrel on Tuesday, amid the demand collapse…