Nigerian Banks Recorded N11.44tn Online Transactions in March
Bank customers carried out a total of N11.44tn worth of financial transactions on the Point of Sales and Instant payment…
Author: Ekemini
Don’t Expect Crude Demand Recovery Before July, Says OPEC
The demand for crude oil will not recover till the second half the year, the Organisation of Petroleum Exporting Countries…
China’s First Quarter GDP Shrinks For The First Time
China’s economy contracted for the first time on record in the first quarter as the coronavirus shut down factories and…
Coronavirus Will Likely Kill 300,000 African – UN Agency
The COVID-19 pandemic will likely kill at least 300,000 Africans and risks pushing 29 million into extreme poverty, the U.N.…
22m Americans File For Jobless Claims
After three consecutive weeks of jobless claims in the millions, another 5.245 million Americans filed for unemployment benefits for the…
Africa May Rebound In 2021 But Coronavirus Impact To Endure – IMF
Africa is expected to reverse an economic contraction linked to fallout from the COVID-19 pandemic next year, according to the…
Uber Withdraws Forecast And Will Write Down About $2 Billion
Uber Technologies Inc. withdrew its financial guidance for 2020 and said it will write down about $2 billion in investments…
Nokia Shares Surge On Report Of Takeover Bid
Nokia (NOKIA.HE) declined to comment on Thursday on a media report saying it was working with an investment bank to…
Nasdaq Rises As Amazon And Netflix Surge To Record Highs
The Nasdaq rose in afternoon trading on Thursday as Amazon.com and Netflix surged to record highs, while worries about first-quarter…
Half Of The World Has Asked For A Bailout – IMF
Half of the world’s countries have approached the International Monetary Fund for emergency loans to weather the financial crisis sparked…
Facebook Cancels Large In-person Events Through June 2021
Facebook (FB) is canceling all of its planned physical events with 50 or more people through June 2021 due to…
Nigerian Government Orders Removal Of Trucks From Port Roads
The Federal Government has issued fresh guidelines aimed at stemming the spread of the novel coronavirus. This is coming against…
Seven U.S. States Extend Lockdown to May 15 Despite Trump’s Plan To End Shutdown
Seven Northeastern states on Thursday extended a shutdown to contain the coronavirus pandemic until May 15, even as President Donald…
Nigerian Stock Market Sustains Uptrend With A Gain Of N344bn
The Nigerian Stock Exchange on Wednesday maintained its uptrend of gains, extending positive sentiment to five consecutive trading sessions, with…
Trump To Push For Reopening U.S. Economy Despite Concerns From Experts
U.S. President Donald Trump on Thursday plans to announce new guidelines to reopen the economy after a monthlong shutdown over…
Over 20 Million Americans Have Filed For Unemployment Benefits
Millions more Americans likely sought unemployment benefits last week, lifting total filings for claims over the past month above an…
Where Are All The Unused Planes Right Now?
Between a third and half of the global population are in some form of lockdown. City centres, malls, high streets…
Wedding Preparations Resume In Wuhan, China
Peng Jing stifles a laugh as she looks into the eyes of her tuxedo-clad fiancee, Yao Bin, who is in…
Mexico Could Force Businesses To Close If They Violate Coronavirus Rules
Mexico could force the closure of companies in non-essential sectors if they refuse to suspend operations during a state of…
Vatican Planning Spending Cuts As Pandemic Affects Main Source Of Funding
The Vatican was reportedly planning radical spending cuts Wednesday because the coronavirus pandemic has quashed its main source of funding — the Holy See’s fresco-rich museums.
Only a COVID-19 Vaccine Will Allow Return To ‘Normalcy’: UN chief
A COVID-19 vaccine may be the only thing that can bring back “normalcy,” UN Secretary-General Antonio Guterres said Wednesday, hoping…
COVID-19 Global Virus Update
U.S. President Donald Trump said he will unveil guidelines to relax stay-at-home rules on Thursday, citing signs that the outbreak is plateauing…
Real Oil Market Is Sinking And OPEC+ Deal Can’t Rescue It
The physical oil market, where millions of barrels of real cargoes are traded each day, needed OPEC+’s historic cuts to global crude production months ago.
Oil Holds Near 18-Year Low As Demand Shock Outweighs Output Cuts
U.S. crude supplies jumped by 19.2 million barrels last week. WTI futures add 0.6% after falling to the lowest since 2002. IEA Sees Record Collapse in Global Oil Demand.
Stocks Rise With U.S. Futures; Dollar Extends Gain
Investors brace for new jobless figures from biggest economy. Oil holds near 18-year low after record slide in U.S. demand.
How The Spread Of Coronavirus Is Testing Africa
Africa has passed the grim milestone of 10,000 reported cases of coronavirus, along with more than 500 deaths, according to…
African Union Boss Condemns Trump For Cutting WHO Funding
The chairperson of the African Union commission, Moussa Faki, has condemned US President Donald Trump’s decision to halt its funding…
Coronavirus: Germany Slowly Eases Lockdown Measures
German Chancellor Angela Merkel has announced plans to slowly ease restrictions brought in to tackle the coronavirus pandemic. Social distancing…
Trump’s National Doral Miami Golf Resort To Cut 560 Jobs
President Donald Trump’s Miami-area golf resort is cutting 560 jobs after it was shut down in response to the coronavirus…
Apple’s New iPhone SE Is Also Its Most Affordable, And Everything Else You Should Know About The Latest iPhone
Apple today announced the second-generation iPhone SE, a powerful new iPhone featuring a 4.7-inch Retina HD display, paired with Touch…