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…
Tin Can: Nigerian Customs Rakes In N31.7b In March
Despite the ravaging Covid-19 pandemic, the Tincan Island port command of the Nigeria Customs Service (NCS) has…
Coronavirus Can Still Be Contained in Most of Africa, WHO Says
Much of the African continent still has a chance to contain the coronavirus pandemic, according to the World Health…
Coronavirus Pandemic Is Playing To Almost Every One Of Amazon’s Strengths
As the coronavirus pandemic has forced people to stay inside, few companies have proven themselves as essential as…
16.8 Million Americans Have Filed For Unemployment In Past 3 Weeks
A staggering 16.8 million Americans have filed for unemployment benefits in the last three weeks, with weekly new…
French Court Rules Google Must Pay News Firms For Content
France’s competition authority ruled on Thursday that Google must pay French publishing companies and news agencies…
You Are Wrong, Uwais, Nigeria’s Minister for Social Investment Lectures…
Maryam Uwais, a special adviser to President Buhari on Social Investment Programme has published a long rebuttal to…
Obasanjo, Okonjo-Iweala Demand $44bn Debt Relief For Africa
World leaders, including Olusegun Obasanjo, former president of Nigeria and Ngozi Okonjo-Iweala, former managing…
Southampton Becomes First PL Club To Announce Players Will Defer Salaries
Southampton on Thursday became the first Premier League club to announce their players will defer several months of…
Coronavirus: Africa Set For First Recession In 25 Years
The Sub-Saharan Africa region will see economic growth reverse and plunge to between -2.1% to as low as -5.1% this…
Nigeria’s Stock Market Extends Gain By N77bn
Nigerian stocks on Wednesday sustained its positive outlook as the overall performance measures, NSE ASI and market…
Tesla’s China Sales Hit Record High In March
Tesla Inc sold 10,160 vehicles in China in March, its highest ever monthly sales in the world’s largest auto…