Coronavirus: Worldwide Cases Exceed 1 Million
Just in the previous day, there were 6,095 new deaths – nearly double all fatalities in China, where the COVID-19…
Author: Ekemini
Nigeria’s Foreign Reserves Drop To $35.51bn
The country’s foreign reserves have continued its downward trend dropping by $3.02bn from $38.53bn on January 2, 2020 to $35.51bn…
Dangote Leads Gainers As Equity Market Ends On A Positive Note
The Nigerian equity market on Thursday closed on a positive note as Dangote Cement Plc led other gainers to halt…
Trump Says 3M ‘Will Have A Big Price To Pay’ Over Face Masks
President Donald Trump slammed 3M Co (MMM.N) in a tweet late on Thursday after earlier announcing he was invoking the…
Trump’s Push For Huge Deal To Cut Oil Supply Draws Disbelief
He says Saudis, Russia could cut 10 million to 15 million b/d. Reduction of that size could still be too small amid pandemic. Trump Eyes Global Oil Output Cut of 10 Million Barrels a Day
Oil Prices Soar By A record 25% After Trump Hints At Production Cuts
Hopes are building for a truce in the brutal oil price war between Saudi Arabia and Russia, setting off a…
Nigeria’s Total Public Debt Increases To N27.4tn – DMO
The Federal Government and the 36 states, as well as the Federal Capital Territory, owed a total N27.4tn as of…
African Countries Seek Debt Relief From World Bank
The ministers of finance from African countries have called for debt relief from bilateral, multilateral and commercial partners to cushion…
Money Stuff: Banks Have Too Much Money Now
Reverse bank run Here’s a thing you could do as a bank. You could take deposits: People and companies give…
The coronavirus won’t end moviegoing, but it could change it
Last year was a good year for the film industry. The global box office brought in over $40 billion worldwide,…
Osun State Government Confirms Six News Cases Of Coronavirus
Osun State Government on Thursday confirmed that six more Ivory Coast returnees tested positive for coronavirus. The development brings the…
Coronavirus: African Economies May Take Three Years To Recover
It may take three years for African economies to recover from the slowdown brought by the Covid-19 pandemic, according to…
Coronavirus: Half of All Jobs in Africa Are At Risk
Africa may be two to three weeks away from the height of a coronavirus outbreak, but its impact is already wreaking havoc…
Ministry Of Finance Asks Elon Musk For Ventilators On Twitter, And Nigerians Are Not Amused
Nigeria has shown interest in getting at least 100 to 500 free ventilators from Elon Musk, a South African-born American…
Emirates To Resume Limited Passenger Flights
Emirates Airline said Thursday it is to resume a limited number of outbound passenger flights from April 6, less than…
Dangote And Unilever Are Biggest Losers As Equity Market Loses N104bn
Transactions on the Nigerian equity market on Wednesday commenced the month of April on a downtrend as Unilever Nigeria Plc…
US Unemployment Claims Hit Record High
The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in…
Wives Rejoice And Traders Despair As Coronavirus Halts ‘Khat’ Supply To Somalia
Before the coronavirus hit, Muna Nur Farah had started to hate her husband. He’d slink into their home in the…
Over Half Of Americans Are Postponing Weddings—Till When, Few Know
One of the last weddings performed in public in Las Vegas was on St. Patrick’s Day. The groom wore a dark…
US Fed Takes On Role Of World’s Central Bank By Pumping Out Dollars
Unveils new repurchase facility for foreign central banks. Dollar squeeze threatens world economy reeling from virus
Mask Or No Mask? This Is What The Virus Experts Say
As the Covid-19 pandemic has unfolded, authorities in different places have said different things about whether healthy people should go around wearing…
Trapped by Coronavirus, Nigeria’s Elite Faces Squalid Hospitals
Border closures mean the powerful can’t seek treatment abroad. Nigeria has 75,000 doctors, far below WHO recommendations
Atedo Peterside Quits NB Board
Mr Atedo Peterside Wednesday resigned from the board of directors of Nigerian Breweries Plc. The company secretary, Mr Uaboi Agbebaku,…
FG Begins Distribution Of N20,000 Relief Fund To Poor Nigerians
The Nigeria Government on Wednesday commenced the disbursement of N20,000 Conditional Cash Transfer to poor homes in the country. Speaking…
British Banks Cancel Payment Of Dividends To Shareholders
Britain’s banking sector on Wednesday scrapped billions of pounds (dollars) in shareholder dividends and share buybacks after the Bank of…
EU Agency warns Against Use Of Chloroquine Except In Case Of ‘National Emergency’
Anti-malarial drugs chloroquine and hydroxychloroquine should only be used to treat COVID-19 in clinical trials or in case of “national…
Coronavirus: Wimbledon Cancelled For The First Time Since World War II
Wimbledon organisers on Wednesday scrapped the grasscourt Grand Slam for the first time since World War II as the coronavirus…
Breaking: Nigeria Records 23 New Cases Of Coronavirus
Nigeria has recorded 23 new cases of coronavirus, bringing the total number of infections in the country to 174. The…
Ikeja electric suspends disconnection activities
Ikeja Electricity Distribution Company(Ikeja Electric) has announced the suspension of all disconnection activities of non-paying customers for the period of two…
For The First Time in 44 years, China’s economy may not grow at all
China’s economy is showing some tentative signs of recovery from the devastation caused by the novel coronavirus pandemic but the path ahead remains hugely…