Coronavirus Spurs ‘Massive Shift’ In Alcohol Supply Chain Not Seen…
With people across the U.S. facing orders to remain in their homes, and bars and restaurants closed as part of the…
Nigerian Federal Government, States, LGs Record N413.3bn Allocation Shortfall
The three tiers of government suffered a shortfall of N413.3bn in allocation from the federation account within a…
Coronavirus: Rising Unemployment Threatens China’s Poverty Targets
Although China is claiming success in its battle against the coronavirus, millions have lost their jobs in the…
African Economies Hard Hit By Coronavirus Pandemic
Sub-Saharan Africa has not been as badly hit by the coronavirus pandemic as some other parts of the world, but the…
Coronavirus: Ethiopia Prohibits Company Layoffs Under State of Emergency
Ethiopia prohibited companies from laying off workers and terminating employment in measures introduced as part of…
Talks To Cut The World’s Oil Production Drag On For A Third Day
The world’s largest oil producers were still grasping for a deal to rescue energy markets from a…
Apple And Google Partner On Coronavirus Contact Tracing Technology
Apple Inc (AAPL.O) and Alphabet Inc’s (GOOGL.O) Google said on Friday that they will work together to create…
Nigeria: Small Business Owners Say Economic Impact Of Coronavirus Is…
One bright morning in early March, a Lagos-based real estate agent, Mr John Adewale, got a call from a potential…
These Countries Are Reopening — Here’s How They’re Doing It
People in the Czech Republic can now shop at hardware and bicycle stores, play tennis and go swimming. Austria…
Disney+ Surpasses 50M Paid Subscribers Globally
Disney+ (DIS) has gained momentum in the streaming fight — announcing this week that the platform topped 50 million…
Coronavirus Will Change How Stuff Gets To You
From toilet paper shortages to computer chips, the novel coronavirus pandemic has exposed many weak links in the…
IMF Grants Tunisia $745m Loan To Combat Coronavirus
The International Monetary Fund on Friday announced the approval of a 745-million-dollar loan to help Tunisia cope…
Coronavirus: IMF Names Okonjo-Iweala In Advisory Group
IMF Managing Director, Kristalina Georgieva, on Friday, named a former Nigerian finance minister, Dr. Ngozi…
How The Pandemic Wiped Out Global Oil Demand
Global oil demand is being destroyed as the coronavirus forces people around the world to remain indoors and avoid…
World Bank Predicts Sharp Fall In Nigeria’s GDP
The World Bank has predicted a sharp fall in Nigeria’s real gross domestic product growth as countries in…
Nigerian Government, NASS To Pay For Two-month ‘Free Electricity’ –Discos
Power distribution companies on Thursday said that the two-month free electricity to customers announced on…
Nigeria Joins OPEC To Cut Crude Oil Production
The Federal Government of Nigeria has said it has joined OPEC + to cut crude oil supply by up to 10 million barrels…
High U.S Unemployment To Persist Until 2021
After a widely expected and sharp drop in the U.S. economy over the next three months, a panel of top business…
Coronavirus: Pandemic May End Japan’s Fiscal Experiment
The huge cost of the coronavirus pandemic is upending Japan’s seven-year experiment to rescue the economy from its…
Global Oil Cut Agreement In Jeopardy As Mexico Declines To Cut Production
Oil producers in the OPEC+ group, led by Saudi Arabia and Russia, were expected to pressure Mexico on Friday to…
OPEC+ Confirms Agreement On Cuts Of 10m Bpd In May, June
OPEC and allied oil producers, a group known as OPEC+, agreed on Thursday to cut output by 10 million barrels per…
Nigeria And 89 Other Countries Eye $100b IMF Loans
Nigeria and 89 other global economies have indicated interest to borrow at least $100 billion emergency fund from…
South Africa Extends Lockdown By Two Weeks To Tackle Virus
Struggle against coronavirus is far from over, Ramaphosa says. Country has 1,934 confirmed infections, most in…
Global Cases reach 1.6 Million; Johnson Out Of ICU
The number of confirmed cases has reached nearly 1.6 million globally as of April 10, according to data collected…
Wall Street Gets Its Bull Back In Four Dramatic, Dizzying Days
U.S. benchmark returns to bull market as Fed steps up response. Shortened week is not short of action as virus…
S&P 500 Caps Best Week Since 1974 After Fed Acts
Gold reached a 7-year high as haven demand for the metal rose. Oil drops even after Saudis, Russia forge pact on…
Dealmakers Are Turning to Drones To Help Complete Transactions
Coty’s beauty unit bidders may use drones for due diligence. Latest innovation for salvaging deals in…
Ghana Virus Battle ‘Modestly Successful’ On Testing Progress
Ghanaian President Nana Akufo-Addo said the country is making progress to contain the spread of the coronavirus…
Trump Says Tentative Russia-Saudi Oil Pact ‘Very Acceptable’
President had conference call with Putin, Saudi crown prince. In a weak market, Trump is now pushing for higher oil…
Coronavirus: TikTok Pledges $250m for Relief Efforts
TikTok, the fast-growing mobile video app, pledged Thursday to contribute $250 million to coronavirus relief…