Nigeria: Stock Market Halts Downward Trend As Unilever, 19 Others Gain
Transaction activities on the Nigerian equity market on Wednesday halted the three-day negative sentiment following…
Nigeria: FG Adjusts 2020 Budget To N10.52tn, Adopts $25 Oil Benchmark
The Federal Government on Wednesday adjusted the 2020 budget downward from the original N10.59tn to N10.52tn.…
China Denies US Accusation Of Vaccine Theft, Labels the Claim ‘Smearing’
Beijing has denied the US accusation that the Asian country was trying to steal US research on developing a vaccine…
The Jobs Recovery Could Be Choppy, With Some Coming Back Quickly And Others Lost…
TJ Wilson is no stranger to hunting for jobs.
A consultant based in Los Angeles, Wilson often has a few weeks or…
Dow Drops 250 Points In 4th Straight Days Of Losses After Dismal Unemployment Data
Stocks fell on Thursday after the latest jobless data underscored the coronavirus’ devastating toll on the U.S.…
Banks Are Deep In A Bear Market, And Traders See Little Reason For Hope
Bank stocks are breaking down.
The KBE bank ETF, which includes major companies Citigroup and JPMorgan, has…
U.S. Weekly Jobless Benefits To Stay Elevated As Coronavirus Layoffs Widen
The global novel coronavirus crisis continues to batter the U.S. labor market, with millions more Americans,…
Trump Says Fauci Remarks on Risk To Reopening Economy Unacceptable
U.S. President Donald Trump on Wednesday described as not acceptable a warning given by top U.S. infectious disease…
Coronavirus: US Accuses China Of Hacking Coronavirus Research
China-linked hackers are targeting organisations researching the Covid-19 pandemic, US officials say.
The FBI said…
Canada, U.S. Are Likely To Extend Travel Restrictions Until June 21
Canada and the United States appear likely to extend a ban on non-essential travel until June 21 amid the novel…
Tesla, California County Reach Deal To Reopen U.S. Plant Next Week
Tesla Inc and officials in California have resolved their acrimonious clash over safety procedures at the…
Nigeria: Foreign Reserves Gain $1.22bn In 11 Days, Rise To $34.65bn
Foreign reserves have risen to $34.65bn within eleven days, latest figures from the Central Bank of Nigeria have…
UK Economy Posts Sharpest Monthly Decline On Record
U.K. GDP (gross domestic product) contracted by 5.8% month-on-month in March, according to preliminary figures…
US Says It Won’t Use Ventilators Sent To It By Russia After Deadly Hospital Fires
The U.S. has said it will not use the Russian ventilators sent to it by Moscow while an investigation is…
Gilead Strikes Deal To Make Remdesivir Coronavirus Treatment In 127 Countries
Gilead Sciences has struck a licensing agreement with five generic drugmakers to make antiviral drug remdesivir…
Nigeria’s Bonny Light Rise Above $25, As Saudi Arabia Further Cuts Supply
Nigeria’s flagship crude, Bonny light, rose by 1.20% to stand at $25.23 per barrel, according to the latest data…
U.S. Airlines Tell Crews Not To Force Passengers to Wear Masks
The top three U.S. airlines have told their flight attendants not to force passengers to comply with their new…
Fear Of Coronavirus Second Wave Stalks Stock Markets
Global stocks and oil prices fell on Wednesday as fears about a second wave of coronavirus infections gripped…
England Tiptoes Out Of Full Lockdown As Economy Plunges
England tentatively began easing its coronavirus lockdown on Wednesday, with some people who cannot do their jobs…
U.S. Airlines Tell Crews Not To Force Passengers To Wear Masks
American Airlines Group Inc (AAL.O), Delta Air Lines Inc (DAL.N) and United Airlines Holdings Inc (UAL.O) have told…
Twitter To Let Some Employees To Work From Home Permanently
Twitter Inc (TWTR.N) on Tuesday became the first major tech company to allow employees who can work remotely to do…
U.S. Reports Record $738 Billion Budget Deficit In April
The United States on Tuesday reported a record $738 billion budget deficit in April as an explosion in government…
Coronavirus Crisis Leads To Largest U.S. Consumer Price Decline Since 2008
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for…
Boeing Predicts An Airline Bankruptcy
Boeing CEO Dave Calhoun said in an NBC interview on Tuesday that a U.S. airline bankruptcy is likely in 2020. It is…
Dollar Sells For N445 As Forex Scarcity Persists
The dollar exchanged for N445 in the parallel market on Monday due to scarcity and shrinking liquidity in the forex…
Nigeria: Stock Market Loses N49bn On Profit-Taking
Equity transactions on the Nigerian Stock Exchange on Monday closed on the negative route to further extend losses…
Nigeria: Reps Approve Buhari’s N850bn Loan
The House of Representatives has approved the request by the President, Major General Muhammadu Buhari (retd.), to…
Musk Defies County Orders, And Reopens Tesla’s California Plant
Tesla has reopened its only US electric car plant in California, despite local orders against manufacturing.
On…
Nigeria: Buhari Appoints Professor Agboola Ibrahim Gambari As New Chief Of Staff
President Muhammadu Buhari has appointed Professor Agboola Ibrahim Gambari as his new chief of staff following the…
Why Amazon, Facebook, Disney Saw Their Chiefs Retake Control
Over the past few months, some of the world’s biggest companies’ CEOs have reasserted themselves in ways they…