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…
NERC suspends electricity tariff increase
The Nigerian Electricity Regulatory Commission has suspended the proposed increase in electricity tariffs initially…
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…
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…
Standard Bank Withdraws Guidance Over COVID-19
Standard Bank on Tuesday withdrew its financial guidance citing uncertainty caused by the coronavirus (COVID-19)…
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 Nigerian…
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…
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 as…
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…
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…
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…
Why Is The US Fed´s Unlimited Money-Printing Scheme Dollar Positive In Coroanvirus…
Why the Fed´s unlimited money-printing scheme is dollar positive in coroanvirus times
The Fed's "buy…
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…
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…
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…
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…
‘We Don’t Work, We Don’t Eat’, Informal Workers In Lagos…
Many countries in Africa are imposing lockdowns on their citizens as they race to curb the spread of coronavirus.…
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,…
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…
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…
Net profit for 2019 came in at 62.7 billion yuan ($8.9 billion), up 5.6% compared with a 25% jump a year earlier.…
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…
As Oil Price Continues To Fall, Experts Believe Further Cut In 2020 Budget…
The latest development in the international oil market may have rendered inoperative the recently reviewed oil…
South Africa’s Rand Hits Record Low As Moody Downgrades The Country’s…
The South African rand plunged to a record low after Moody’s downgraded the government’s debt before recovering…
US begin Evacuation Of Citizens From Nigeria
The United States Mission in Nigeria has announced the commencement of evacuation of its citizens from Nigeria.…
J&J, Moderna sign deals with U.S. to produce huge quantity of possible…
There are currently no approved treatments or vaccines specifically for COVID-19, the respiratory disease that has…
Autosales Dropped Drastically In March
U.S. new vehicle sales likely drove off a cliff in March as the coronavirus pandemic pounded consumer confidence…
Fidelity Bank To Shut Down Branches In Lagos, Ogun, And Abuja
Fidelity Bank on has announced that it would close all its branches in Lagos, Ogun and the Federal Capital…