Tycoon Running 500 Hotels Says Virus Crisis Is Worst He’s Seen
Bill Heinecke thought he’d seen it all in a decades-long career running hotels: the Asian and global financial…
IMF to Recommend $3.4 Billion Emergency Funding for Nigeria
IMF executive board meets on Tuesday to review request. If approved, the loan would be the largest yet in Africa
Foreign Investor Dollars In Lockdown In Nigeria Debt Market
Country’s reserves under pressure as crude prices plunge. Debtholders await regulator’s dollar sales after…
Nigerian Banks To Take $3.8 Billion Hit for Missing Targets
Nigeria’s central bank took 1.47 trillion naira ($3.8 billion) from lenders as additional cash reserves for…
Europe Is Preparing A Trillion-Euro Fund To Rebuild Its Economy
EU leaders have agreed to create a fund that could raise at least 1 trillion euros ($1.1 trillion) to rebuild…
Facebook Is Taking On Zoom With New Video Features
Facebook has a long history of expanding its features to emulate major competitors. Now it's taking on…
Singapore Airlines To Cancel Most Flights Until End Of June
Singapore Airlines said it will cancel most flights until the end of June.
About 96% of scheduled…
Trump Threatens To Block Aid For U.S. Post Office If It Does Not Raise Prices For…
President Donald Trump on Friday threatened to block federal aid for the U.S. Postal Service unless it raises…
Kanye West Becomes Hip-Hop’s Second Billionaire
has touted his billionaire status before — but now, the rapper is showing the receipts to prove it.
According to a…
Bill Gates: It’s Impossible To Overstate The Pain That Lies In The Years Ahead
That’s Bill Gates, Microsoft's co-founder and co-chair of the Gates Foundation, sharing his latest thoughts on the…
Billionaire Leon Cooperman Says ‘Capitalism As We Know It Will Likely Be…
Billionaire Leon Cooperman says that the U.S. economy and markets may be facing lasting implications from the…
Coronavirus: US Companies Already Facing Bankruptcy
A growing number of companies will file for bankruptcies in 2020 as businesses remain shuttered due to…
Central Bank Of Nigeria Set Dec 2024 As Exit Date For Its N50bn Intervention Loans
The Central Bank of Nigeria has set December 31, 2024 exit date for its intervention loans to the Small and Medium…
Sunlight And Humidity Kill Coronavirus The Fastest: US Scientists
US scientists say coronavirus dies the fastest when it is exposed to direct sunlight, though a study cited has not…
Nigerian Stock Market Extends Decline, Loses N162bn
Activities on the Nigerian Stock Exchange on Thursday closed southwards, extending previous negative sentiment to…
MTN Group To Reduce Stake In Nigeria
MTN Group Ltd will push on with the plan to reduce its majority stake in the wireless carrier’s business, it was…
Bezos, Musk Among Billionaires Gaining Net Worth In Pandemic
The combined wealth of America’s billionaires, including Amazon.com (AMZN.O) Inc founder Jeff Bezos and Tesla Inc…
Russia Cuts Key Interest Rate As Coronavirus And Oil Price Plunge Take Hold
The Central Bank of Russia (CBR) on Friday cut its key interest rate by 50 basis points to 5.5%.
The move comes…
Oil Prices Rise, Capping Week Of Historic Turmoil Over Coronavirus
Oil prices climbed on Friday, adding to gains from earlier sessions after producers such as Kuwait said they would…
Coronavirus Stockpiling Drives Best Nestle Sales Growth In Years
Swiss food giant Nestle (NESN.S) reported its best quarterly sales growth in nearly five years on Friday as…
U.S. Aid Bill Passed; Duterte Extends Lockdown
The U.S. House of Representatives overwhelmingly passed a $484 billion coronavirus aid…
Asian Stocks Slip; Crude Oil Pushes Higher
S&P 500 Index pares rally as virus-drug test disappoints. 10-year Treasury yield holds at 0.6%; Crude climbs in…
Why I Suspended Green Cards — Trump
U.S. President Donald Trump has defended his new executive order that temporarily suspends immigrant visas.…
South Africa To Ease Virus Lockdown In Bid To Revive Economy
South Africa’s government will begin easing a lockdown that has devastated the economy from next month, and…
This Is What It Takes To Be In The 1% Around The World
The “top 1%” is the symbol of wealth and power thanks to a protest movement. Since Occupy Wall Street popularized…
Why Is Harvard Getting $9 Million In Stimulus Money When It Has A $40 Billion…
Harvard is under attack for the $9 million in stimulus money it’s getting from the federal government. “America’s…
Nigeria: GTBank Releases Q1 2020 Unaudited Results, Reports Profit Before Tax Of…
Guaranty Trust Bank plc has released its unaudited financial results for the period ended March 31, 2020, to the…
Nigeria: Nestlé Donates N700 Million Towards Coronavirus Response
In line with its company’s policy to improve livelihoods in its communities, Nestlé Nigeria has contributed over…
UK Economy Crumbling Under Coronavirus Strain As Questions Mount Over Lockdown…
The United Kingdom’s economy is crumbling under the strain of the coronavirus lockdown and government…
Venture Firm Benchmark Raises New Fund Without Early Uber Investor: Source
The Silicon Valley venture capital firm known for its early backing of companies such as Uber Technologies Inc is…