Walmart ups minimum wage in e-commerce warehouses by $2 as orders surge on virus worries
Walmart Inc said on Monday it has temporarily raised entry wages for workers in its e-commerce warehouses by $2, following…
Author: Ekemini
Stocks crumble as more nations shut for business to curb virus
Asian shares sank on Monday as a rising tide of national lockdowns threatened to overwhelm policymakers’ frantic efforts to cushion…
Stanbic IBTC Declares N75b Profit For 2019
STANBIC IBTC Holdings Plc has declared a profit after tax of N75 billion for the year ended December 31, 2019,…
MTN workers start working from home
MTN Nigeria on Sunday said its employees would start working from home as part of the precautionary measures to stop…
SoftBank to sell up to $41 billion in assets to expand share buyback, cut debt
SoftBank Group Corp (9984.T) said on Monday it is selling up to 4.5 trillion yen ($41 billion) in assets to…
Central banks deploy record sums to break financial logjam, but may need more
Central banks have offered trillions of dollars of support to markets in recent days to keep them from freezing up,…
McDonald To Close All Restaurants In The UK By End Of Monday
McDonald’s will close all 1,270 of its restaurants in the UK by the end of Monday, as fears over the…
Breaking: Atiku’s Son Tests Positive For Coronavirus
Former Vice-President of Nigeria, Atiku Abubakar has announced that is son has tested positive for coronavirus. The former Presidential candidate…
40% To 80% Of New Yorkers Will Get Coronavirus – Cuomo
— New York state Gov. Andrew Cuomo said Sunday morning that an estimated 40% to 80% of residents could get…
Sanwo-Olu Orders Civil Servants To Stay At Home For Two Weeks
The Lagos State Government has declared two weeks break for civil servants in the state, the Governor has said. Babajide…
German Chancellor Angela Merkel To Self-Quarantine
German Chancellor Angela Merkel will self-quarantine after coming into contact with a person who tested positive for coronavirus, her spokesperson…
Coronavirus supplies donated by Alibaba’s Ma arrive in Africa
A first planeload of protective and medical equipment donated to Africa by Chinese billionaire and Alibaba co-founder Jack Ma to…
Wall Street braces for another bleak week, with coronavirus risks amplified
Wall Street analysts and investment managers expect another rough week for U.S. markets, as coronavirus cases and deaths increase in…
World Bank moving forward on first $1.7 billion in pandemic aid projects
The World Bank’s executive board is expected to consider later this week the first fast-track funds to help Afghanistan and…
U.K. Warns of Further Crackdown If Britons Ignore Virus Advice
“This isn’t a game, it is very serious,” Housing Secretary Robert Jenrick told Sky News when asked if the government was considering a fuller lockdown to tackle the pandemic. “If people don’t follow that advice then clearly we’ll have to consider other options, but none of us want to go down that route.”
South African President Meets Business Leaders as Virus Spreads
The country has escalated measures to curb the spread of the virus, including banning travel to and from various countries and limiting gatherings to no more than 100 people, as the number of infections rises. The restrictions are expected to dampen the country’s already dire economic outlook, with the Reserve Bank saying the country is likely to contract 0.2% this year, after slipping into a recession at the end of 2019.
Bitcoin May Need Months to Recover, Fundstrat Chartist Says
Bitcoin’s technicals are in rough shape after its spectacular tumble last week and a recovery might take months, according to Fundstrat Global Advisors LLC.
Airbnb Board Meets To Consider Raising Funds For Buying Assets
Airbnb Inc.’s board met this week to consider a wide range of options in response to the current economic crisis,…
Nigeria Has Chloroquine Poisonings After Trump Praised Drug
Nigeria reported two cases of chloroquine poisoning after U.S. President Donald Trump praised the anti-malaria drug as a treatment for…
Spain Extends State Of Emergency As Death Toll Rises
Spanish Prime Minister Pedro Sanchez has been in meetings with health and security officials on Sunday morning, as Spaniards prepare…
Tunisia Allocates $850 Million To Combat Effects Of Coronavirus
Tunisia is allocating 2.5 billion dinars ($850 million) to combat the economic and social effects of the coronavirus health crisis,…
Forex Racketeering: CBN Fines Banks, BDCs Hundreds Of Millions For Infraction
THE Central Bank of Nigeria (CBN) reportedly fined major banks and bureau de change operators hundreds of millions for committing…
Goldman Injects $1 Billion Into Own Money-Market Funds After Heavy Withdrawals
Goldman Sachs Group Inc poured more than $1 billion into two of its prime money-market portfolios this week due to…
Osun State Government Suspends All Activity At Erin-Ijesha Waterfalls
Osun State Government has announced the suspension of activities at the Olumirin Waterfalls at Erinjesa following the outbreak of…
Coronavirus: Delta, Emirates, Air France, Lufthansa, KLM, others suspend flights to Nigeria
Mega international airlines based in the United States, Europe, Middle East and other parts of the world have suspended flights…
U.S. FDA Approves First Rapid Coronavirus Test With 45 Minutes Detection Time
The U.S. Food and Drug Administration has approved the first rapid coronavirus diagnostic test, with a detection time of about…
Flights Resume In New York After Brief Halt In Arrivals
The Federal Aviation Administration (FAA) temporarily halted flights arriving at New York City airports and Philadelphia on Saturday after a…
World Leaders Set Aside $1.7trillion To Help Failing Economies
Governments around the world have announced massive amounts of fiscal stimulusthis week, aiming to limit the severity of a sharp…
U.S Senators Explain Why They Sold Shares Before Coronavirus Crash
Two Republican U.S. senators defended themselves on Friday against heavy criticism, including calls that they resign, for selling large amounts…
Lagos State Bans Public Gatherings Of More Than 20 Persons
Lagos State Government on Saturday announced a reduction in the number of people allowed in public gatherings to prevent further…