South Africa May Approach IMF Over Virus Impact
South Africa may approach the International Monetary Fund for the first time ever to help with funding to deal…
S&P Sees Dubai Property Prices Dropping To Levels Seen In 2010
The widening coronavirus pandemic could see Dubai property prices falling to levels last seen 10 years ago,…
Frozen U.K. Home Market Leaves Buyers Wondering Where To Go
With about a quarter of the world in lockdown, the order to stay at home has taken on a new dimension for one of…
The Global Oil Market Is Broken, Drowning In Crude Nobody Needs
The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the…
This Weeks Take On Events In The World Economy And Their Fallout
The scale of global job losses caused by the coronavirus pandemic will become more apparent this week, as some of…
Ogun announces closure of borders for two weeks
The Ogun State Government has announced the closure of its borders with all neighbouring states and the…
UK Housing Market Grinds To A Halt As Coronavirus Bites
Coronavirus has disrupted most areas of life — and home buying and selling are no exception.
In the United…
Sanwo-Olu introduces stimulus for residents, targets 200,000 households in first…
Lagos State Governor, Babajide Sanwo-Olu has unveiled an economic stimulus package for the indigent and the most…
Nigeria Struggles To Sell Oil Despite Price Cut
Despite the significant reduction in its official selling prices aimed at wooing buyers, Nigeria is still…
Zukerberg Sold $500m Worth Of Facebook Shares In February
Chief Executive Officer Mark Zuckerberg sold nearly $500 million in the company's shares in February to fund his…
Breaking: El-Rufai Tests Positive For Coronavirus
Governor of Kaduna state, Mallam Nasir El-Rufai has tested positive for Coronavirus.
The former FCT Minister…
Lyft Advices Drivers To Work For Amazon
Amazon is teaming up with Lyft Inc. on recruiting the ride-hailing company’s drivers to deliver packages and…
WeWork Cuts Another 250 Jobs in Further Attempt to Trim Costs
continued to cut more staff as part of a months-long effort to lower expenses after its failed initial public…
Coronavirus: Virgin Atlantic to seek bailout in coming days
Virgin Atlantic is expected to ask for a government bailout worth hundreds of millions of pounds in the coming…
Dow Records Best Week since 1938 Despite Closing Lower
US stocks finished the session in the red on Friday, but that still managed to post on if it’s best week ever.…
Google is donating $800 million to help with the coronavirus crisis
Google is committing to donate more than $800 million to support businesses, organizations and healthcare workers…
Suspend VAT immediately, Tinubu tells FG
All Progressives Congress stalwart, and former Governor of Lagos State, Bola Tinubu, has asked the Federal…
Global oil refiners shut down as coronavirus destroys demand
The first oil refinery shutdowns in India and Europe were announced on Friday while global refinery runs drop like…
Fitch cuts UK credit rating to AA-
Agency says government borrowing levels are set to rise and outlook remains…
Wall Street tumbles as U.S. virus cases pass 100,000
Wall Street stocks tumbled on Friday, ending a massive three-day surge after doubts about the fate of the U.S.…
Africa: $100 Billion Needed. A Fraction Promised
Governments across sub-Saharan Africa have closed borders, canceled flights and told citizens to stay indoors to…
After More Than 25 Years South Africa Is Now Junk With Moody’s Too
South Africa has lost its Moody’s Investment Services investment-grade credit rating more than 25 years after it…
The Fed Brings The Global Financial System Back From The Abyss
Sitting calmly in front of a bookshelf filled with thick volumes of the “Federal Reserve Bulletin,” Jerome Powell…
Nigeria Will Go Into Recession If COVID-19 Continues Beyond Six Months – Finance…
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has warned that Nigeria may go into…
Toyota To Make Face Masks In U.S. To Aid Coronavirus Battle
Toyota Motor Corp’s, North American unit said on Friday it would produce face shields, ventilators and respirators,…
Apple Works With White House To Release ‘COVID-19’ App, website
Apple Inc and the White House said on Friday that the iPhone maker worked with the Trump administration and federal…
Breaking: Davido’s Fiancée, Chioma Tests Positive For Coronavirus
Singer David Adeleke, aka Davido, has said his fiancée, Chioma, has tested positive for coronavirus.
The singer…
‘Clear We Have Entered Recession’ – IMF Chief
The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help…
Designer Brand Ralph Lauren To Make Masks And Gowns
Ralph Lauren is to start making medical masks and gowns - the latest designer brand to lend its support to the…
Zimbabwe Returns To Use Of Foreign Currency As Own Currency Crashes
Zimbabwe’s government, which banned use of the dollar nine months ago, has restored the peg its currency had to the…