Coronavirus: South Africa grounds international flights till may
South Africa’s flag carrier on Friday suspended all international and regional flights until the end of May…
Lagos to shut down clubs and bars to curb spread of coronavirus
In a bid to curb the spread of the novel coronavirus, the Lagos State government has decided to shutter night clubs…
stocks record worst week since the global recession of 2008
US stocks ended Friday's session lower, although the losses were more contained than they have been in previous…
Bankruptcies about to rise – Bank of America
The market meltdown of the past few weeks is hurting various corners of the financial system. One area in which…
Hyundai to introduce electrics SUV Into Nigeria
Stallion Motors, an auto assembler and franchisee of nine global brands including Hyundai, has announced plans to…
Coronavirus: Fayemi asks Ekiti civil Servants to work from home
Ekiti State Governor, Dr Kayode Fayemi, on Friday, barred social, political, religious and family gatherings of…
Petrol price: IPMAN pleads for time
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has pleaded for time to enable members exhaust…
CBN technically devalues Naira: To now sell dollars to foreign investors at N380/$
The Central Bank of Nigeria has moved the FX sales rate to FPIs to N380.2/$, from N366.7/$, in a move that suggests…
CBN technically devalues Naira: To now sell dollars to foreign investors at N380/$
An analyst in Lagos confirmed to BusinessDay that CBN sold the dollar at N380.2 on the I&E window today,…
Tourists’ departure leaves Madagascar forlorn as coronavirus fears bite
On a pristine island off the northwest coast of Madagascar famous for its orchids and turquoise, turtle-filled…
Egypt to shut all cafes, malls, sports clubs in evenings until March 31
Egypt said on Thursday it would shut all cafes, shopping malls, sports clubs and nightclubs from 7 p.m. until 6…
Coronavirus: Banks advice customers to use digital platforms
Banks in the country have urged their customers to utilise their digital self-service solutions because of the…
Stock market loses N371bn in one day
Transactions on the Nigerian Stock Exchange on Thursday halted the previous day’s gain with a loss of 3.12 per…
NYSC suspends CDS indefinitely
The National Youth Service Corps has suspended its weekly Community Development Service activities indefinitely,…
Dollar exchanges for N374
On Thursday, the naira exchanged to the dollar for between N372 and N374 at the Bureau De Change segment of the…
Fuel price to be reviewed April 1 — PPPRA
In a move signalling possible deregulation of the downstream sector, the Petroleum Products Pricing Regulatory…
Coronavirus: Netflix To Reduce Streaming Quality In Europe To Avoid Overload
Netflix will reduce the quality of its streaming in Europe to ease pressure on the internet, the firm said, as…
Apple Limits Online Purchase of iPhones To Two Per Person
Apple Inc (AAPL.O) is limiting customer purchases of iPhones over its online stores in many countries including the…
Oil rises to $28, halting losing streak
The international oil benchmark, Brent crude, halted its losing streak on Thursday, trading around $28 per barrel…
BREAKING: Trump Cancels G7 meeting at Camp David over Coronavirus
President Donald Trump will cancel an in-person meeting of G7 leaders at Camp David in June because of the…
Two generic drugs being tested in U.S. in race to find coronavirus treatments
U.S. researchers, following the lead of scientists in other countries, have launched studies to see whether…
Amazon halts grocery orders to restock amid increasing demand
Amazon.com Inc (AMZN.O) has said it is halting its Prime Pantry delivery service in the United States to restock…
U.S. jobless claims could top record 1.5 million next week: economists
A wave of layoffs at restaurants, bars and hotels, as efforts to contain the coronavirus pandemic bring much of…
Wall Street ends higher to stem coronavirus sellof
U.S. stocks managed to post gains on Thursday after recent steep losses as policymakers around the world took…
Uber shares soar after CEO says enough cash to ride out coronavirus crisis
“We are very fortunate to have a strong cash position with about $10 billion of unrestricted cash as of end of…
Tesla U.S. vehicle factory to suspend production but insists it has enough…
Tesla Inc (TSLA.O) will suspend production at its California vehicle factory beginning on March 24 to comply with…
Coronavirus to send emerging economies into recession by mid-year: JPMorgan
According to JPMorgan, the impact of the coronavirus is set to push the world’s poorer countries excluding China…
BREAKING: US Approves Chloroquine to treat CoronaVirus
President Trump said in a Thursday press briefing that chloroquine, a drug used to treat malaria and severe…
NY Fed to pump in another $10 billion today
The New York Federal Reserve continues to point a firehose of liquidity at clogged-up financial markets.
The…
Coronavirus could leave 25 million jobless – UN
The COVID-19 pandemic will significantly increase global unemployment, leaving up to 25 million more people out of…