Nigerian Stock Market Index Rises Further By 2.32% Despite Lockdown Extension
Despite government’s decision to extend the lockdown in Lagos, Abuja and Ogun states by additional 14 days, the Nigerian equities…
Author: Ekemini
Coronavirus: Netflix And Amazon Investors Reap Reward Of Lockdown
The past few weeks have brought market turmoil of historical proportions, but investors in Amazon and Netflix are reaping notable…
What To Watch Out For As Netflix Reports Q1 Results
Netflix has been a star performer in the coronavirus pandemic, and investors are looking for signs that the company can…
Procter & Gamble Raises Dividend By 6%
Procter & Gamble Co. said it has raised its quarterly dividend by 6% and moved up its scheduled fiscal third-quarter…
African Countries That Faced Ebola Use Lessons To Fight Coronavirus
African countries previously hit by deadly Ebola outbreaks are using the lessons they learned to fight the coronavirus pandemic, experts say,…
Airbnb Secures New $1 billion Loan On Top Of $1 Billion Bond Deal
Airbnb, whose home rental business is suffering as the coronavirus pandemic freezes global travel, has secured a new $1 billion…
Oil Falls 4% To $28 As Demand Collapses
Oil fell 4% towards $28 a barrel on Wednesday, pressured by reports of persistent oversupply and collapsing demand due to…
Bank Of America’s Quarterly Profit Reduces By 48.5% As It Prepares For Loan Losses
Bank of America Corp (BAC.N) recorded a 48.5% fall in quarterly profit on Wednesday, as it set aside $3.6 billion…
BREAKING: Nigeria’s Corporate Affairs Commission Headquarters In Abuja On Fire
Days after the office of the Accountant General of the Federation went up in flames, the headquarters of the Corporate…
80,000 Apply For Central Bank Of Nigeria’s Coronavirus Intervention Fund
Three weeks after the Central Bank of Nigeria released the guidelines for the N50bn targeted credit facility, over 80,000 applications…
McDonald Apologizes After Its Store In China Banned Blacks From The Premises
McDonald is in damage control mode after a restaurant in China displayed a sign banning black people from the premises.…
Nigerian Government Begins Payments to 500,000 N-Power Beneficiaries
The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development has said that the 500,000 N-Power enrollees across the…
Coronavirus: A Million Face Masks Distributed Across Africa
A first delivery of medical supplies from the World Health Organization (WHO) has left a new regional distribution hub in…
Will Coronavirus End The Handshake?
The United States has become the hardest-hit country in the global Covid-19 pandemic, with more than 550,000 confirmed cases and 22,000 deaths. People…
Newcastle United Takeover Deal Worth £300m Close
A Newcastle United takeover has taken a step closer after new documents show that owner Mike Ashley has entered into…
Nigeria Records 19 New Cases Of Coronavirus
Nigeria has recorded Nineteen new cases of #COVID-19. Of the 19 new confirmed coronavirus cases, 14 were recorded in Lagos,…
IMF Grants Debt Relief For 19 African Nations
The International Monetary Fund has approved immediate debt service relief for 19 African countries for an initial period of six…
IMF: Global Economy To Contrast By 3% This Year, The Worst Since The Great Depression
The global economy will contract by 3% this year as countries around the world shrink at the fastest pace in…
Coronavirus: UK Economy ‘Could Shrink By Record 35%’ By June
The UK’s independent tax and spending watchdog has warned the coronavirus pandemic could see the economy shrink by a record…
Ten U.S. States Developing ‘Reopening’ Plans Account For 38% Of U.S. Economy
The ten U.S. states coordinating plans separately from the White House to reopen businesses shut by the coronavirus are responsible…
Nigeria’s Debt Service To Revenue Ratio Rises To 48%
The revision of the 2020 revenue framework has raised the Federal Government’s debt service to revenue ratio from the initial…
EU Gives Nigeria €50m Grant To Fight Coronavirus
The European Union has given Nigeria a grant of €50 million to fight Covid-19, President Muhammadu Buhari’s spokesman Femi Adesina…
JPMorgan Warns Of ‘Fairly Severe Recession,’ Expects Billions In Loan Losses
JPMorgan Chase (JPM), the largest U.S. bank by assets, kicked off earnings season for the big banks on Tuesday by…
Nigeria To Earn $10.61bn For Rest Of The Year After Cut In Crude Production
Nigeria may earn about $10.61bn from crude oil sales between May and December this year following latest decision by members…
Here Is How You Can Access CBN’s N50bn COVID-19 Intervention Fund
The Central Bank of Nigeria says interested stakeholders must meet its set criteria to access its N50bn intervention loans for…
Stocks, U.S. Futures Gain Before Earnings Kick Off
Stocks advanced on Tuesday along with U.S. index futures at the outset of one of the most uncertain earnings seasons on…
Gold’s Powerful Rally Brings $1,800 Into View
Holdings in SPDR Gold Shares top 1,000 tons amid rising demand. Futures on Comex keep wide premium over spot prices in London. Gold could retest 2011’s high, says Hans Goetti, founder and CEO at HG Research.
Apple Shipped 2.5 Million iPhones In China In March Following Virus Slump: Government Data
Apple Inc (AAPL.O) shipped roughly 2.5 million iPhones in China in March, a slight rebound after one of its worst…
Trump Says Plan To Re-Open Shuttered U.S. Economy To Be Completed Soon
President Donald Trump said on Monday that his administration was close to completing a plan to re-open the U.S. economy,…
Asia Shares Hit One-Month High On Chinese Trade Data, Easing Pandemic Worries
Asian equities extended gains on Tuesday after China’s trade data came in better than expected and as some nations tried…