S&P, Moody’s Cut Credit Grades At Fastest Pace In A Decade
S&P Global Ratings and Moody’s Investors Service are downgrading U.S. companies at the fastest pace in more…
A Bull Market in Banks and Other Weird Facts of the Stock Bounce
Moves in stock sectors that ordinarily take months and years to play out are happening in days as investors…
Technically Speaking, The Dow Just Rocketed Out Of A Bear Market
As ridiculous as it sounds, the Dow Jones Industrial Average just climbed out of the bear market it entered two…
The Gold Market Is Being Tested Like Never Before
From South Africa’s ultra-deep mine shafts to vaults underneath London, from metals traders in New York…
Coronavirus: UK Death Toll Jumps To More Than 100 In Largest Single Day Rise
The number of people to have died across the UK after contracting the Covid-19 coronavirus has increased to 104,…
Oil Price May Fall To $10 A Barrel As World Runs Out Of Storage Space
The world may soon run out of space to store its extra oil as Saudi Arabia prepares to increase its fossil fuel…
Coronavirus: IMF, World Bank Suspend Debt Payments By Nigeria, Others
The International Monetary Fund and World Bank on Wednesday announced a hold on debt payments from Nigeria and…
Coronavirus: UBA Donates 5bn To Fight The Epidemic
United Bank for Africa Plc (UBA) has donated over N5bn ($14 million) through the UBA Foundation, to catalyse a…
Breaking: US charges Venezuela’s President, Maduro with narco-terrorism
The US has charged Venezuela's President Nicolás Maduro and other senior officials in the country with drug…
NNPC spent N218.18bn on ailing refineries in 2019
Nigeria’s refineries under the management of the Nigerian National Petroleum Corporation incurred a total expense…
Coronavirus: A Record 3.28million Americans File For Unemployment Benefits
A record number of Americans filed for their first week of unemployment benefits last week, as businesses shut…
Coronavirus: Kenya Bans The Importation Of Second-hand Clothes
Kenya has banned the importation of second-hand clothes, popularly known as “mitumba”, as a way of limiting the…
Czech breweries turn to bottles and cans as pubs close
Czech breweries — including Pilsner Urquell and Budejovicky Budvar — have stopped refilling kegs and started…
Drugmakers Mylan And Pfizer Delay Merger Due To Coronovirus Outbreak
Drugmaker Mylan NV’s (MYL.O) merger with Pfizer Inc’s (PFE.N) off-patent branded drug unit, Upjohn, will now close…
Trump Wants To Reopen The American Economy By Easter
The president, who is concerned about the economic repercussions of an extended shutdown of nonessential business,…
Lagos State To Disinfect Bus stops, Motor Parks And Public Spaces
The Lagos State Government has commenced the disinfection of public spaces, like motor parks, bus stops, in a bid…
FG To Ban Inter-state Travel
The Federal Government has announced plans to ban inter-state travel and also close down motor parks as part of…
Worldwide Smartphone Sales Dropped 14% in February
Global smartphone sales tumbled 14% in February as the coronavirus spread in China and overseas, Counterpoint…
Airbnb holds meeting with bankers to extend $1 billion debt facility
Airbnb Inc on Wednesday held a phone meeting with bankers to discuss extending an existing $1 billion debt facility…
NCDC Announces Two New Cases Of Coronavirus: one in Lagos and one in Osun
NCDC has confirmed two new cases of COVID-19 in Nigeria: one in Lagos and one in Osun.
According to NCDC, “both…
US markets close higher after emergency economy relief package
US markets gained again as Donald Trump and the Senate agreed a massive economic relief package worth more than…
The Worst Isn’t Over For China’s Economy
China's economy was devastated by the novel coronavirus outbreak in the first two months of the year, according…
Instagram Advises Users To Stay At Home
For years, Instagram has been synonymous with travel and experiences. Its users fill their feeds with carefully…
Budget: FG slashes oil benchmark from $57 to $30 per barrel
The Federal Government on Wednesday proposed the reduction of oil benchmark, upon which the 2020 budget was…
Asian markets tread cautiously ahead of U.S. stimulus, jobs
Senate leaders hope to vote on the plan later on Wednesday in Washington, but it still faces criticism. The bill…
Flipkart, Indian’s Biggest Online Retailer Suspends Services
India's biggest online retailers have sharply reduced their service after the government ordered a three-week…
Air Peace To Suspend All Flights From Friday
Air Peace has announced the suspension of all its flight services as from Friday, 27th March.
In a statement…
Coronavirus: Konga sets up N10m Fund and Free Delivery For Customers
As part of its plan to cushion the effects of the dreaded coronavirus on its teeming customers, e-commerce…
Fashion Brands Turn To Face Mask Production in Fight Against coronavirus
With stores closed, runway shows canceled and global supply chains disrupted, much of the fashion industry has been…
FIRS retires Directors As Internal Reforms Continue
The board of the Federal Inland Revenue Service has approved the retirement of all directors that have served up to…