Nigeria Says It Needs Radical Reforms After Oil Plunge
Nigeria is faced with an economic challenge that is unprecedented in its history and will need radical reforms…
When Will U.S. Economy Bottom? Economists Hunt For The Right View
Given how fast the situation has developed, judging when that happens in real time…
Google To Publish User Location Data To Help Fight Coronavirus
Google will publish location data from its users around the world from Friday to allow governments to gauge the…
Coronavirus: Worldwide Cases Exceed 1 Million
Just in the previous day, there were 6,095 new deaths - nearly double all fatalities in China, where the COVID-19…
Nigeria’s Foreign Reserves Drop To $35.51bn
The country’s foreign reserves have continued its downward trend dropping by $3.02bn from $38.53bn on January 2,…
Dangote Leads Gainers As Equity Market Ends On A Positive Note
The Nigerian equity market on Thursday closed on a positive note as Dangote Cement Plc led other gainers to halt…
Trump Says 3M ‘Will Have A Big Price To Pay’ Over Face Masks
President Donald Trump slammed 3M Co (MMM.N) in a tweet late on Thursday after earlier announcing he was invoking…
Trump’s Push For Huge Deal To Cut Oil Supply Draws Disbelief
He says Saudis, Russia could cut 10 million to 15 million b/d. Reduction of that size could still be too small amid…
Oil Prices Soar By A record 25% After Trump Hints At Production Cuts
Hopes are building for a truce in the brutal oil price war between Saudi Arabia and Russia, setting off a record…
Nigeria’s Total Public Debt Increases To N27.4tn – DMO
The Federal Government and the 36 states, as well as the Federal Capital Territory, owed a total N27.4tn as of…
African Countries Seek Debt Relief From World Bank
The ministers of finance from African countries have called for debt relief from bilateral, multilateral and…
Money Stuff: Banks Have Too Much Money Now
Reverse bank run
Here’s a thing you could do as a bank. You could take deposits: People and companies give you…
The coronavirus won’t end moviegoing, but it could change it
Last year was a good year for the film industry. The global box office brought in over $40 billion worldwide, even…
Osun State Government Confirms Six News Cases Of Coronavirus
Osun State Government on Thursday confirmed that six more Ivory Coast returnees tested positive for coronavirus.…
Coronavirus: African Economies May Take Three Years To Recover
It may take three years for African economies to recover from the slowdown brought by the Covid-19 pandemic,…
Coronavirus: Half of All Jobs in Africa Are At Risk
Africa may be two to three weeks away from the height of a coronavirus outbreak, but its impact is already wreaking…
Ministry Of Finance Asks Elon Musk For Ventilators On Twitter, And Nigerians Are…
Nigeria has shown interest in getting at least 100 to 500 free ventilators from Elon Musk, a South African-born…
Emirates To Resume Limited Passenger Flights
Emirates Airline said Thursday it is to resume a limited number of outbound passenger flights from April 6, less…
Dangote And Unilever Are Biggest Losers As Equity Market Loses N104bn
Transactions on the Nigerian equity market on Wednesday commenced the month of April on a downtrend as Unilever…
US Unemployment Claims Hit Record High
The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a…
Wives Rejoice And Traders Despair As Coronavirus Halts ‘Khat’ Supply…
Before the coronavirus hit, Muna Nur Farah had started to hate her husband. He’d slink into their home in the…
Over Half Of Americans Are Postponing Weddings—Till When, Few Know
One of the last weddings performed in public in Las Vegas was on St. Patrick’s Day. The groom wore a dark suit.…
US Fed Takes On Role Of World’s Central Bank By Pumping Out Dollars
Unveils new repurchase facility for foreign central banks. Dollar squeeze threatens world economy reeling from…
Mask Or No Mask? This Is What The Virus Experts Say
As the Covid-19 pandemic has unfolded, authorities in different places have said different things about whether…
Trapped by Coronavirus, Nigeria’s Elite Faces Squalid Hospitals
Border closures mean the powerful can’t seek treatment abroad. Nigeria has 75,000 doctors, far below WHO…
Atedo Peterside Quits NB Board
Mr Atedo Peterside Wednesday resigned from the board of directors of Nigerian Breweries Plc.
The company…
FG Begins Distribution Of N20,000 Relief Fund To Poor Nigerians
The Nigeria Government on Wednesday commenced the disbursement of N20,000 Conditional Cash Transfer to poor homes…
British Banks Cancel Payment Of Dividends To Shareholders
Britain’s banking sector on Wednesday scrapped billions of pounds (dollars) in shareholder dividends and share…
EU Agency warns Against Use Of Chloroquine Except In Case Of ‘National…
Anti-malarial drugs chloroquine and hydroxychloroquine should only be used to treat COVID-19 in clinical trials or…
Coronavirus: Wimbledon Cancelled For The First Time Since World War II
Wimbledon organisers on Wednesday scrapped the grasscourt Grand Slam for the first time since World War II as the…