Coronavirus: Facebook To Roll Out New Feature That Lets Neighbors Volunteer To Help Each Other
Facebook (FB) is rolling out a new tool that lets its users offer or request help from their neighbors during the coronavirus pandemic.…
Author: Ekemini
Twelve New Cases Of Coronavirus Detected In Nigeria
The Nigeria Centre for Disease Control has announced twelve new cases of Coronavirus in Nigeria. The NCDC in a statement…
Coronavirus Will Push Millions Into Poverty – World Bank
The financial impact of coronavirus will stop almost 24 million people from escaping poverty in East Asia and the Pacific,…
Coronavirus: US Unemployment To Hit 15% – Goldman Sachs
After a dismal winter, China’s economy is showing signs of life. But a recovery in Asia won’t paper over problems in…
China’s ports brace for second hit as virus spread wipes out exports
With Beijing reporting only sporadic domestic transmission of the coronavirus since March, workers have been allowed to return to posts,…
NERC suspends electricity tariff increase
The Nigerian Electricity Regulatory Commission has suspended the proposed increase in electricity tariffs initially slated for Wednesday (today). NERC had…
China’s Divorce Spike Is A Warning To Rest Of Locked-Down World
Chinese media have been filled with reports of conjugal strife. Shanghai-based online publication Sixth Tonereported that police in one county along the Yangtze River in central Hubei province, near where the pandemic began in Wuhan, received 162 reports of domestic violence in February—three times more than the 47 reported during the same month in 2019.
Nigerian Naira Black-Market Rate Weakest In Three Years
The Nigerian currency depreciated to its weakest level since February 2017 in the unofficial black market after the country’s central bank cut supply to dealers.
Standard Bank Withdraws Guidance Over COVID-19
Standard Bank on Tuesday withdrew its financial guidance citing uncertainty caused by the coronavirus (COVID-19) which has forced South Africa…
MTN Mulls Phased Sale Of Nigerian Stocks To Local Investors
MTN Group has said it would push on with a plan to reduce its majority stake in the wireless carrier’s…
China’s Finance World Opens Up to Foreigners, Sort Off
While the trade war was crimping the flow of goods between the U.S. and China, the Chinese government was opening doors in…
Stock market Lost N10bn In March
Activities on the floor of the Nigerian Stock Exchange on Tuesday ended the month of March on the negative rout…
US Fed Goes Global, No V-Shape Recovery, China Worst Over
Trump set to announce 90-day deferral for some tariff payments. Oil’s apocalyptic April set to reverberate for years to come
Breaking: FG Reduces Price Of Petrol To N123.5/Litre.
The Federal Government on Tuesday night announced the reduction in the price of petrol from N125/litre to N123.5/litre. The new…
US Fed Sets Up Scheme To Meet Booming Foreign Demand For Dollars
Central bank meets global shortage of greenbacks after scramble for safety. Investors and companies have flocked to the safety of US dollars to offset the blow to revenues from widespread economic shutdowns.
Why Is The US Fed´s Unlimited Money-Printing Scheme Dollar Positive In Coroanvirus Times.
Why the Fed´s unlimited money-printing scheme is dollar positive in coroanvirus times The Fed’s “buy everything” mode provides firepower…
Dow Posts Worst Quarterly Drop Since 1987
Wall Street’s three major indexes tumbled on Tuesday, with the Dow registering its biggest quarterly decline since 1987 and the…
Coronavirus: NCDC Announces Four New Cases In Abuja And Lagos
The Nigeria Centre for Disease Control has announced four new cases of coronavirus in Nigeria. According to agency, three of…
Naira Slumps Further, Dollar Sells for N412
The dollar exchanged for N412 on Monday at the Bureau De Change segment of the market. This followed a temporary…
Huawei warns China will strike back against new U.S. restrictions
Huawei warned on Tuesday that 2020 would be its most difficult year yet due to American trade restrictions which…
Unilever Nigeria records N60.5 billion revenue in 2019
The audited financial statement shows a turnover of N60.5 billion in the year under review. The figure is a decline compared to N92.89 billion recorded for the corresponding year, 2018.
‘We Don’t Work, We Don’t Eat’, Informal Workers In Lagos Bemoan Lockdown Of The City
Many countries in Africa are imposing lockdowns on their citizens as they race to curb the spread of coronavirus. But…
Coronavirus: Amazon And Instacart Workers Begin Strike
Among the strikers were some of the roughly 200,000 workers at U.S. online grocery delivery company Instacart, according to strike…
CBN temporarily suspends cheque clearing during Coronavirus lockdown
The Central Bank of Nigeria (CBN), on Monday, announced that all deposit money banks in the country and the Nigerian…
Coronavirus: Messi Says Barcelona Players Will Take 70% Pay Cut
Barcelona captain Lionel Messi has announced that all players of the Catalan club will take a 70% pay cut during…
Nigeria’s Coronavirus Cases Hits 135
Four new cases of coronavirus have been reported in Nigeria. Of the four, three were recorded in Osun State and…
Huawei posts 5.6% rise in 2019 profit, but it’s the smallest increase in three years
Net profit for 2019 came in at 62.7 billion yuan ($8.9 billion), up 5.6% compared with a 25% jump a…
Coronavirus: American Airlines to seek $12bn in government aid
American Airlines has confirmed it will seek $12bn (£9.7bn) of financial support from the US government because of the impact…
As Oil Price Continues To Fall, Experts Believe Further Cut In 2020 Budget Imminent
The latest development in the international oil market may have rendered inoperative the recently reviewed oil price benchmark for 2020…
South Africa’s Rand Hits Record Low As Moody Downgrades The Country’s Rating
The South African rand plunged to a record low after Moody’s downgraded the government’s debt before recovering slightly Monday. This…