Local Global Oil Price Benchmark Slumps To $19 Apr 21, 2020 0 The global oil price benchmark, Brent crude, has extended its decline, plummeting to $19 per barrel on Tuesday,…
World French Court To Issue Verdict In Amazon Case On April 24: Judge Apr 21, 2020 0 A verdict in a case involving U.S. e-commerce giant Amazon will be issued by the Court of Appeal in Versailles on…
Features What’s A Negative Crude Future And Does It Mean Anything For Consumers? Apr 21, 2020 0 The price of a barrel of benchmark U.S. oil plunged below $0 a barrel on Monday for the first time in history, a…
Local Nigerian Port Authority Extends Demurrage-Free Period To April 26 Apr 20, 2020 0 Following its directive to terminal operators to suspend all applicable storage fees on consignments (demurrage)…
World Coronavirus: Empty Resorts Spell Long Crisis Across The Caribbean Apr 20, 2020 0 The nearby airport, the lifeblood of Varadero’s economy, closed after Cuba shut its borders two weeks ago to…
Local IMF May Need ‘Exceptional Measures’ To Facilitate Pandemic Response:… Apr 20, 2020 0 The International Monetary Fund may need to step outside its comfort zone and consider “exceptional measures” to…
Local Oil Plunges Further To Below Zero For First Time In Unprecedented Wipeout Apr 20, 2020 0 Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been…
World Market Wrap Apr 20, 2020 0 “Given that the policy focus from governments and central banks has been to support the corporate sector, we like…
World Oil Plunges Below $10 With Traders Fleeing Expiring Contract Apr 20, 2020 0 U.S. benchmark falls the most since trading began in New York. WTI May contract drops as much as 56% before Tuesday…
World Bahrain Follows Saudi Arabia, Oman With Budget Cuts Amid Crisis Apr 20, 2020 0 Bahrain became the latest nation in the oil-rich Gulf to announce drastic spending cuts, an effort to stretch…
Banking JPMorgan Asset Seeks Collateral Protection in Private Lending Apr 20, 2020 0 JPMorgan Asset Management is prioritizing lending to companies with high-quality assets as more cash-hungry…
World U.S. Restaurants On Track To Lose $240 Billion By End of 2020: Survey Apr 20, 2020 0 U.S. restaurants are on track to lose $50 billion in April, with losses mounting to an estimated $240 billion by…
World United Airlines Expects $2.1 Billion Loss, Seeks Government Aid Apr 20, 2020 0 United Airlines (UAL.O) said on Monday it expects to report a pre-tax loss of about $2.1 billion for the first…
World A Tsunami Of Bankruptcies Are About To Wash Away America’s Retail Sector Apr 20, 2020 0 As the coronavirus pandemic keeps America’s retail stores closed, Michael McGrail is gearing up for what is shaping…
Local Stocks Sink As Oil Drops To More Than 21-year Low Apr 20, 2020 0 The May contract for U.S. West Texas intermediate crude oil which expires on Tuesday, dropped 39.74% to $11.07 per…
Business Aston Martin To Focus On Production Of SUVs Apr 20, 2020 0 Aston Martin’s (AML.L) immediate priorities will be restarting manufacturing and launching production of its…
World Coronavirus: Branson Believes Virgin Atlantic Will Collapse Without Government… Apr 20, 2020 0 Virgin Atlantic will only survive the coronavirus outbreak if it gets financial support from the British…
Business Volkswagen Settles Emission Class Actions With Three-Quarters Of Claimants Apr 20, 2020 0 Volkswagen has reached settlements with 200,000 of the 260,000 claimants participating in a class action lawsuit…
World US Rapper, The Game Loses Record Label And Profits From Latest Album To Sexual… Apr 20, 2020 0 The record label of American rapper, The Game and all profits from the sale of his last album “Born 2 Rap” has been…
Local Nigeria: Lagos State Governor, Sanwo-Olu Orders Mass Production Of Local Masks Apr 20, 2020 0 Lagos State Governor, Babajide Sanwo-Olu has ordered mass production of locally made masks in a bid to halt spread…
World Coronavirus: Europe Needs €1 Trillion To Recover Apr 20, 2020 0 Pandemic wracked Europe will need at least another 500 billion euros from European Union institutions to finance…
Africa AfDB Denies Funding Pipeline Project Apr 20, 2020 0 The African Development Bank (AfDB) has described as inaccurate news article stating it plans to provide financial…
Africa IMF Urges African Countries To Remain Committed To AfCFTA Apr 20, 2020 0 The Managing Director, International Monetary Fund (IMF) Mrs. Kristalina Georgieva has advised Africa not…
Investing The Nigerian Stock Exchange Extends Financial Statements Filling Deadline For… Apr 20, 2020 0 The Nigerian Stock Exchange (NSE) has extended the due date for the submission of the audited financial…
Local Nigeria’s Economy Beyond COVID-19 Apr 20, 2020 0 The Nigerian economy is currently in dire straits with major economic indicators looking grim amidst…
Business Nigeria Report: Investment-led Strategy Critical for Economic Recovery –… Apr 20, 2020 0 The Managing Director, Financial Derivatives Company Limited and a member of President Muhammadu Buhari’s Economic…
World Sanofi Partners GSK on Vaccine against COVID-19 Apr 20, 2020 0 GlaxoSmithKline and Sanofi will join forces to speed up production of a vaccine. Sanofi's flu vaccine will be added…
World Consumer Spending Will Drop After The Great Stockpiling: Capital Economics Apr 19, 2020 0 Consumer spending across the world is expected to take a hit in the second quarter of 2020 as sheltering in place…
World U.S Stocks Post Gain For Second Straight Week Apr 19, 2020 0 US stocks soared on Friday, giving markets their second week of gains in a row. This hasn’t happened since the…
Business Nigeria: How To Access N50bn COVID-19 Intervention Fund – CBN Apr 19, 2020 0 The Central Bank of Nigeria says interested stakeholders must meet its set criteria to access its N50bn…