Saudi Arabia just won control of the oil market
When Saudi Arabia, OPEC's de facto leader and most influential member, decided at its latest meeting in Vienna to…
CBN rolls out new forex regulations
As the battle to save the Naira from a free fall ensues, the Central Bank of Nigeria (CBN) has resumed a weekly…
Fashion Labels Turn to Making Face Masks to Fill Health Care Shortages
New York fashion designers are offering to produce masks and gowns to help fill the shortage of protective…
New York City Has One-Third of U.S. Virus Cases, Mayor Says
New York City now has roughly a third of all confirmed cases of Covid-19 in the U.S. and half of all cases in New…
Yes, Young People Are Falling Seriously Ill from Covid-19
In the U.S., 705 of first 2,500 cases range in age from 20 to 44.
We’re tracking the latest on the…
Bank of England cancels stress tests for UK’s biggest lenders
The Bank of England will postpone all non-critical supervisory work in the City and review plans to run the banking…
Why the U.K. and U.S. Have Been Slow to Lock Down the Coronavirus Threat
On Friday evening, hours after a London hospitaldeclared they had run out of intensive care beds, Boris Johnson…
South Africa Regulator to Crack Down on Price Gouging in Disaster
South Africa’s Competition Commission will prioritize complaints about rising prices for essential products to…
Nigerian Central Bank Starts Uniform Exchange Rate for Naira
Nigeria’s central bank will migrate to a single exchange rate for the naira by collapsing the multiple exchange…
Uganda Cuts Growth Outlook as Coronavirus Outbreak Hurts Tourism
Uganda sees economic growth slowing to 5.2% to 5.7% in 2019-20 from an earlier forecast of 6% depending on the…
Why CBN ‘Technically’ devalued the naira
Yesterday, we reported that the Central Bank technically devalued the naira to exchange to the dollar at N380.…
Business activities fall as PMI drops to 57.3– CBN
The Central Bank of Nigeria on Wednesday disclosed that the Manufacturing Purchasing Managers’ Index in the month…
Coronavirus: Government to pay up to 80% of workers’ wages
The UK government will pay the wages of employees unable to work due to the coronavirus pandemic, in a…
Coronavirus: Dow erases Trump presidency gains
The Dow Jones Industrial Average of 30 major American companies fell more than 4.5% on Friday, erasing all the…
Coronavirus: South Africa grounds international flights till may
South Africa’s flag carrier on Friday suspended all international and regional flights until the end of May…
Lagos to shut down clubs and bars to curb spread of coronavirus
In a bid to curb the spread of the novel coronavirus, the Lagos State government has decided to shutter night clubs…
stocks record worst week since the global recession of 2008
US stocks ended Friday's session lower, although the losses were more contained than they have been in previous…
Bankruptcies about to rise – Bank of America
The market meltdown of the past few weeks is hurting various corners of the financial system. One area in which…
Hyundai to introduce electrics SUV Into Nigeria
Stallion Motors, an auto assembler and franchisee of nine global brands including Hyundai, has announced plans to…
Coronavirus: Fayemi asks Ekiti civil Servants to work from home
Ekiti State Governor, Dr Kayode Fayemi, on Friday, barred social, political, religious and family gatherings of…
Petrol price: IPMAN pleads for time
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has pleaded for time to enable members exhaust…
CBN technically devalues Naira: To now sell dollars to foreign investors at N380/$
The Central Bank of Nigeria has moved the FX sales rate to FPIs to N380.2/$, from N366.7/$, in a move that suggests…
CBN technically devalues Naira: To now sell dollars to foreign investors at N380/$
An analyst in Lagos confirmed to BusinessDay that CBN sold the dollar at N380.2 on the I&E window today,…
Tourists’ departure leaves Madagascar forlorn as coronavirus fears bite
On a pristine island off the northwest coast of Madagascar famous for its orchids and turquoise, turtle-filled…
Egypt to shut all cafes, malls, sports clubs in evenings until March 31
Egypt said on Thursday it would shut all cafes, shopping malls, sports clubs and nightclubs from 7 p.m. until 6…
Coronavirus: Banks advice customers to use digital platforms
Banks in the country have urged their customers to utilise their digital self-service solutions because of the…
Stock market loses N371bn in one day
Transactions on the Nigerian Stock Exchange on Thursday halted the previous day’s gain with a loss of 3.12 per…
NYSC suspends CDS indefinitely
The National Youth Service Corps has suspended its weekly Community Development Service activities indefinitely,…
Dollar exchanges for N374
On Thursday, the naira exchanged to the dollar for between N372 and N374 at the Bureau De Change segment of the…
Fuel price to be reviewed April 1 — PPPRA
In a move signalling possible deregulation of the downstream sector, the Petroleum Products Pricing Regulatory…