Economic Shock From Coronavirus Already Bigger Than Financial Crisis — OECD Boss
The world will take years to recover from the coronavirus pandemic, the Organisation for Economic Co-operation…
Fed takes emergency action to stave off a depression
The Federal Reserve is signaling it will do whatever it takes to save the coronavirus-ravaged American economy…
UBA And Transcorp Postpone AGMs
United Bank for Africa (UBA) and Transcorp have announced the cancellation of their 2019 Annual General Meetings…
ABCON Directs BDCs To Comply With N380/$ Official Rate
The Association of Bureaux De Change Operators of Nigeria (ABCON) has directed bureaux de change (BDCs) across the…
Coal Is Now the World’s Most Expensive Fossil Fuel
Oil’s epic collapse over the past month means the global crude benchmark is now priced below the most widely…
U.S. Futures Reverse Drop, Bonds Up on Fed Pledge
U.S. equity futures reversed a decline and Treasuries extended an advance after the Federal Reserve on Monday…
Banks Adjust Operations, Advice On E-Channels Over Coronavirus Pandemic
Over the weekend, some Nigerian banks worked out plans to prevent exposure of their staff and curb the spread of…
Chloroquine Effective In Treating Covid19 – Chinese Ministry Of Science and…
This is based on the results of Clinical Trials which confirms that Chloroquine Phosphate primarily used in the…
BREAKING: NCDC Announces First Coronavirus Death in Nigeria
The Nigeria Centre for Disease Control has confirmed the first coronavirus death in Nigeria.
The NCDC via its…
Walmart ups minimum wage in e-commerce warehouses by $2 as orders surge on virus…
Walmart Inc said on Monday it has temporarily raised entry wages for workers in its e-commerce warehouses by $2,…
Stocks crumble as more nations shut for business to curb virus
Asian shares sank on Monday as a rising tide of national lockdowns threatened to overwhelm policymakers’ frantic…
Stanbic IBTC Declares N75b Profit For 2019
STANBIC IBTC Holdings Plc has declared a profit after tax of N75 billion for the year ended December 31, 2019, an…
MTN workers start working from home
MTN Nigeria on Sunday said its employees would start working from home as part of the precautionary measures to…
SoftBank to sell up to $41 billion in assets to expand share buyback, cut debt
SoftBank Group Corp (9984.T) said on Monday it is selling up to 4.5 trillion yen ($41 billion) in assets to buy…
Central banks deploy record sums to break financial logjam, but may need more
Central banks have offered trillions of dollars of support to markets in recent days to keep them from freezing up,…
McDonald To Close All Restaurants In The UK By End Of Monday
McDonald's will close all 1,270 of its restaurants in the UK by the end of Monday, as fears over the spread of…
Breaking: Atiku’s Son Tests Positive For Coronavirus
Former Vice-President of Nigeria, Atiku Abubakar has announced that is son has tested positive for coronavirus.…
40% To 80% Of New Yorkers Will Get Coronavirus – Cuomo
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New York state Gov. Andrew Cuomo said Sunday morning that an estimated 40% to 80% of residents could get the…
Sanwo-Olu Orders Civil Servants To Stay At Home For Two Weeks
The Lagos State Government has declared two weeks break for civil servants in the state, the Governor has said.…
German Chancellor Angela Merkel To Self-Quarantine
German Chancellor Angela Merkel will self-quarantine after coming into contact with a person who tested positive…
Coronavirus supplies donated by Alibaba’s Ma arrive in Africa
A first planeload of protective and medical equipment donated to Africa by Chinese billionaire and Alibaba…
Wall Street braces for another bleak week, with coronavirus risks amplified
Wall Street analysts and investment managers expect another rough week for U.S. markets, as coronavirus cases and…
World Bank moving forward on first $1.7 billion in pandemic aid projects
The World Bank’s executive board is expected to consider later this week the first fast-track funds to help…
U.K. Warns of Further Crackdown If Britons Ignore Virus Advice
“This isn’t a game, it is very serious,” Housing Secretary Robert Jenrick told Sky News when asked if the…
South African President Meets Business Leaders as Virus Spreads
The country has escalated measures to curb the spread of the virus, including banning travel to and from various…
Bitcoin May Need Months to Recover, Fundstrat Chartist Says
Bitcoin’s technicals are in rough shape after its spectacular tumble last week and a recovery might take months,…
Airbnb Board Meets To Consider Raising Funds For Buying Assets
Airbnb Inc.’s board met this week to consider a wide range of options in response to the current economic crisis,…
Nigeria Has Chloroquine Poisonings After Trump Praised Drug
Nigeria reported two cases of chloroquine poisoning after U.S. President Donald Trump praised the anti-malaria…
Spain Extends State Of Emergency As Death Toll Rises
Spanish Prime Minister Pedro Sanchez has been in meetings with health and security officials on Sunday morning, as…
Tunisia Allocates $850 Million To Combat Effects Of Coronavirus
Tunisia is allocating 2.5 billion dinars ($850 million) to combat the economic and social effects of the…