U.S. GDP Will Contract 30% In Second Quarter, 5% In 2020: PIMCO
The forced closure of businesses across the United States and surge in unemployment due to the coronavirus pandemic…
Nigeria’s Federal Government Reduces 2020 Budget
The Federal Government has sent new budget proposal to the National Assembly for consideration in view of global…
GM Gets Contract From U.S Government Worth $489m To Make Ventilators
The United States on Wednesday awarded automaker General Motors Co (GM.N) a contract worth $489.4 million to make…
Tesla To Slash Employee Pay And Furlough Workers
Tesla Inc (TSLA.O) told employees on Tuesday it would furlough all non-essential workers and implement salary cuts…
1,739 Foreign Nationals Evacuated From Lagos In Two Weeks – FAAN
The Federal Airports Authority of Nigeria on Tuesday said 1,739 foreigners had been evacuated from Nigeria since…
Honda Reopens Plant in China’s Wuhan With Temperature Checks And Masks
Temperature checkpoints and posters telling workers to keep more than a metre apart at Japanese automaker Honda…
Global Stocks Turn Negative As Virus Death Toll Mounts
World stocks turned negative on Wednesday as the coronavirus death toll mounted and euro zone finance minister…
Oil Holds Near $32 Ahead Of OPEC-led Talks On Output Cuts
Oil steadied near $32 a barrel on Wednesday, supported by hopes that a meeting between OPEC members and allied…
7 Of The Most Important Enterprise Tech Trends Amid The Coronavirus Crisis That…
7 of the most important enterprise tech trends amid the coronavirus crisis that could make or break the stocks of…
‘Big Short’ Michael Burry Has A Bearish Bet And Warns Of A Selling Stampede
‘The Big Short’ investor says passive ‘bubble’ may be ending. Central bank stimulus can’t do much to help, Burry…
Amazon Says It May Fire Workers Who Violate Social Distancing Guidelines
Amazon said it may begin firing employees who "intentionally violate" the company's social distancing guidelines,…
Sony Unveils Its New PlayStation 5 Controller, The DualSense
Sony revealed more details about its new PlayStation 5 controller on Tuesday and said that it's starting to ship…
Twitter’s CEO, Jack Dorsey Pledges $1bn For Coronavirus Relief Efforts
Square Inc and Twitter Inc (TWTR.N) chief executive officer Jack Dorsey has said he is pledging $1 billion of his…
Oil Falls To $32 After OPEC Postpones Meeting
The international oil benchmark, Brent crude, fell on Monday after Saudi Arabia and Russia postponed a meeting to…
Nigeria’s Fed Govt To Suspend Payment Of Interest On Debts Owed By State…
The President, Major-General Muhammadu Buhari (retd.), has approved the suspension of the payment of interest on…
No Buyer Has Rejected Nigeria’s Crude, NNPC Says
No buyer of Nigerian crude oil has returned or rejected it despite the glut in global crude oil market, the Group…
Coronavirus: Robots Replace Japanese Students At Graduation
Spring graduation ceremonies in Japan have been cancelled because of the coronavirus pandemic, but students at one…
WhatsApp Limits Message Forwarding To Curb Spread Of Misinformation
Facebook Inc’s (FB.O) WhatsApp tightened message forwarding limits on Tuesday, restricting users to sharing…
Scammers Try Selling World’s Tallest Statue As Lockdown Boosts India’s…
Police in India lodged a case this week against an unknown online fraudster who tried selling the world’s largest…
Nigerian Economy Will Contract Without Stimulus – Finance Minister
Nigeria, Africa’s most populous country, may fall into recession this year if an economic stimulus plan isn’t put…
Nigeria Won’t Seek Eurobond Waiver, Looks To China For Debt Relief
Nigeria won’t seek a suspension of interest payments from its Eurobond holders, but will seek debt…
Coronavirus: Sex Workers Forced To Go Digital
Most sex workers meet customers in person. For them, the coronavirus spells economic ruin.
"The virus is a…
Calls For Debt Relief For Developing Economies Intensifies
More than 100 global organisations are calling for debt payments of developing countries to be dropped this year.…
Petrol Subsidy Gone Forever, Says NNPC
The era of subsidy on petrol is gone forever, the Group Managing Director, Nigerian National Petroleum Corporation,…
Fitch Downgrades Nigeria To ‘B’ Negative Outlook
Fitch Ratings has downgraded Nigeria’s long-term foreign-currency issuer default rating to ‘B’ from ‘B+, which…
Airbnb Hosts Defy Lockdown Laws With ‘Covid-19 Retreats’
Airbnb hosts advertising properties as coronavirus hideouts are "dangerous and irresponsible", the government says.…
Nigeria Records 6 New Cases Of Coronavirus, Total Cases Now 238
The Nigeria Centre for Disease Control announced six new coronavirus cases in Nigeria bringing the total cases in…
Coronavirus: UK Car Registration Drops By 40%
New car registrations for March saw a steeper fall than during the financial crisis, according to the motor…
‘Africa Cannot And Will Not Be A Testing Ground For Any Vaccine’, WHO…
The World Health Organization chief angrily slammed recent comments made by scientists suggesting a vaccine for the…
Buhari Approves Recruitment Of 774,000 Nigerians To Cushion Effect Of Coronavirus
President Muhammadu Buhari on Monday approved the engagement of 774, 000 Nigerians on a Special Public Works…