World Bank Predicts Sharp Fall In Nigeria’s GDP
The World Bank has predicted a sharp fall in Nigeria’s real gross domestic product growth as countries in sub-Saharan Africa…
Author: Ekemini
Nigerian Government, NASS To Pay For Two-month ‘Free Electricity’ –Discos
Power distribution companies on Thursday said that the two-month free electricity to customers announced on Wednesday would be paid for…
Nigeria Joins OPEC To Cut Crude Oil Production
The Federal Government of Nigeria has said it has joined OPEC + to cut crude oil supply by up to…
High U.S Unemployment To Persist Until 2021
After a widely expected and sharp drop in the U.S. economy over the next three months, a panel of top…
Coronavirus: Pandemic May End Japan’s Fiscal Experiment
The huge cost of the coronavirus pandemic is upending Japan’s seven-year experiment to rescue the economy from its debt timebomb,…
Global Oil Cut Agreement In Jeopardy As Mexico Declines To Cut Production
Oil producers in the OPEC+ group, led by Saudi Arabia and Russia, were expected to pressure Mexico on Friday to…
OPEC+ Confirms Agreement On Cuts Of 10m Bpd In May, June
OPEC and allied oil producers, a group known as OPEC+, agreed on Thursday to cut output by 10 million barrels…
Nigeria And 89 Other Countries Eye $100b IMF Loans
Nigeria and 89 other global economies have indicated interest to borrow at least $100 billion emergency fund from International Monetary…
South Africa Extends Lockdown By Two Weeks To Tackle Virus
Struggle against coronavirus is far from over, Ramaphosa says. Country has 1,934 confirmed infections, most in Africa
Global Cases reach 1.6 Million; Johnson Out Of ICU
The number of confirmed cases has reached nearly 1.6 million globally as of April 10, according to data collected by Johns Hopkins University and Bloomberg News. U.S. cases now stand at 461,437 compared to Spain with 153,222 as the next highest country. New York state reported the fewest hospitalizations since the outbreak began, even as deaths hit another high.
Wall Street Gets Its Bull Back In Four Dramatic, Dizzying Days
U.S. benchmark returns to bull market as Fed steps up response. Shortened week is not short of action as virus chaos continues.
S&P 500 Caps Best Week Since 1974 After Fed Acts
Gold reached a 7-year high as haven demand for the metal rose. Oil drops even after Saudis, Russia forge pact on cuts. Powell Sees Every Reason to Think U.S. Can Recover ‘Fairly Quickly’
Dealmakers Are Turning to Drones To Help Complete Transactions
Coty’s beauty unit bidders may use drones for due diligence. Latest innovation for salvaging deals in social-distancing age
Ghana Virus Battle ‘Modestly Successful’ On Testing Progress
Ghanaian President Nana Akufo-Addo said the country is making progress to contain the spread of the coronavirus after an increase…
Trump Says Tentative Russia-Saudi Oil Pact ‘Very Acceptable’
President had conference call with Putin, Saudi crown prince. In a weak market, Trump is now pushing for higher oil prices.
Coronavirus: TikTok Pledges $250m for Relief Efforts
TikTok, the fast-growing mobile video app, pledged Thursday to contribute $250 million to coronavirus relief efforts around the world. The…
Tin Can: Nigerian Customs Rakes In N31.7b In March
Despite the ravaging Covid-19 pandemic, the Tincan Island port command of the Nigeria Customs Service (NCS) has announced a revenue…
Coronavirus Can Still Be Contained in Most of Africa, WHO Says
Much of the African continent still has a chance to contain the coronavirus pandemic, according to the World Health Organization.…
Coronavirus Pandemic Is Playing To Almost Every One Of Amazon’s Strengths
As the coronavirus pandemic has forced people to stay inside, few companies have proven themselves as essential as Amazon. From…
16.8 Million Americans Have Filed For Unemployment In Past 3 Weeks
A staggering 16.8 million Americans have filed for unemployment benefits in the last three weeks, with weekly new claims topping…
French Court Rules Google Must Pay News Firms For Content
France’s competition authority ruled on Thursday that Google must pay French publishing companies and news agencies for re-using their content.…
You Are Wrong, Uwais, Nigeria’s Minister for Social Investment Lectures National Assembly Leadership On Administration’s Social Investment Programmes
Maryam Uwais, a special adviser to President Buhari on Social Investment Programme has published a long rebuttal to educate the…
Obasanjo, Okonjo-Iweala Demand $44bn Debt Relief For Africa
World leaders, including Olusegun Obasanjo, former president of Nigeria and Ngozi Okonjo-Iweala, former managing director of the World Bank, have…
Southampton Becomes First PL Club To Announce Players Will Defer Salaries
Southampton on Thursday became the first Premier League club to announce their players will defer several months of their salaries…
Coronavirus: Africa Set For First Recession In 25 Years
The Sub-Saharan Africa region will see economic growth reverse and plunge to between -2.1% to as low as -5.1% this…
Nigeria’s Stock Market Extends Gain By N77bn
Nigerian stocks on Wednesday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation, rose further…
Tesla’s China Sales Hit Record High In March
Tesla Inc sold 10,160 vehicles in China in March, its highest ever monthly sales in the world’s largest auto market,…
Global Stocks Gain On Hopes Pandemic Is Reaching Peak
Global shares rose on Thursday on hopes the COVID-19 pandemic was nearing a peak and that governments would roll out…
Russia, Saudi To Discuss Oil Output, As U.S Resists Joining
OPEC and Russia meet on Thursday to try to agree to record oil output cuts but their efforts to address…
Power Discos To Offer Customers Two-month Free Electricity in Nigeria
Power distribution companies on Wednesday announced that they were in support of proposal by the National Assembly and the Federal…