Nigeria: Lagos State Govt Issues Fresh Guidelines On Reopening Markets, Shopping Malls
The Lagos State Government has said markets, where non-food items are sold, will be allowed to open on Mondays, Wednesdays…
Nigeria: CBN Makes It Mandatory For Commercial Banks To Get Approval Before Laying Off Workers
The Central Bank of Nigeria (CBN) has made it mandatory for Commercial banks in the Country to get approval before…
Wharton: Reopening Will Cause More Deaths
New data from the University of Pennsylvania suggests that relaxing lockdowns across U.S. cities and states could have serious consequences…
Tesla Applies To Become UK Electricity Provider
U.S. electric carmaker Tesla Inc has applied for a licence to supply electricity in the United Kingdom, The Telegraph reported…
Berkshire Sells Entire Stakes In U.S. Airlines
Berkshire Hathaway Inc (BRKa.N) sold its entire stakes in the four largest U.S. airlines in April, Chairman Warren Buffett said…
Warren Buffett Says The Coronavirus Cannot Stop America, Or Berkshire Hathaway
Billionaire investor Warren Buffett on Saturday said the United States’ capacity to withstand crises provides a silver lining as it…
Closure Of New York Subways Overnight Service May Bring About Bigger Changes
New York City’s subway, the ear-splitting, nerve-jangling system that New Yorkers and tourists alike love to hate, is taking the…
Buffett’s Berkshire Posts Nearly $50 Billion Loss As Coronavirus Causes Pain
Warren Buffett’s Berkshire Hathaway Inc is being hit hard by the coronavirus pandemic, posting a record quarterly net loss of…
The ‘Tsunami’ Of Airline Job Losses Has Begun In Europe. US Carriers Could Be Next
International airlines are starting the painful process of scaling back their businesses as the prospect of a quick recovery from the coronavirus pandemic fades…
Half World’s Worker May See Livelihood Destroyed
Half of the world’s workers are in danger of having their livelihoods destroyed by the coronavirus pandemic, a United Nations…
Warren Buffett Is Handling The Coronavirus Crisis Like He Mastered The Great Recession
As the coronavirus crisis unfolds, many are asking: Where is Warren Buffett? They want to hear and see more from…
Netflix May Have Edge On Competition As Coronavirus Keeps People Looking For New Shows
While most prominent tech companies are fretting about the effects of the COVID-19 pandemic, Netflix Inc. may become even more…
Nigeria: Fuel Subsidy Will Not Return, FG Assures IMF
The Federal Government has pledged that it will ensure that fuel subsidy, which was recently removed, does not re-emerge. The…
IMF Approves $91 Million Loan To Malawi For COVID-19 Trade Balance Woes
The International Monetary Fund (IMF) has approved a $91 million loan for Malawi to help fund a balance of payments…
Malls And Retail Stores Are Reopening. But Shoppers May Not Come Back
Some malls and retailers are reopening their doors in states easing coronavirus stay-at-home measures. Now comes the hard part: persuading…
Shell Cuts Dividend For First Time Since WWII
Royal Dutch Shell on Thursday cut its dividend for the first time since the 1940s after a first-quarter loss –…
BREAKING: Nigeria Records 238 New COVID-19 Cases, Total Now 2,170
Nigeria has recorded 238 new coronavirus cases, bringing the total number of infections in the country to 2,170. The Nigeria…
US FDA Authorizes Emergency Use Of Remdesivir As COVID-19 drug
During a meeting in the Oval Office of the White House with President Donald Trump, Gilead Chief Executive Daniel O’Day…
Rolls-Royce Considering Cutting Up To 15% Of Its Workforce
British aero-engine maker Rolls-Royce Holdings Plc (RR.L) is considering cutting up to 15% of its workforce, a source close to…
Elon Musk Tweet Wipes $14bn Off Tesla’s Value
Tesla’s founder Elon Musk wiped $14bn off the carmaker’s value after tweeting that its share price was too high. The…
Anthony Joshua v Tyson Fury Talks With Interested Venues Begin
Talks are under way over a historic bout for the undisputed heavyweight championship of the world between Anthony Joshua and…
Apple Boosted By Streaming Services Despite Lockdown
Apple saw growth for the first three months of the year, as falling device sales in China were offset by…
Buoyed By Increased Sales During Pandemic, Bezos Says Amazon Is Thinking Big
Amazon sales surged in the first three months of the year, as the coronavirus lockdown boosted demand for the firm’s…
Tesla Stocks Decline After Questions About Company’s Accounting Practices
David Einhorn, a famed short-seller, questioned Elon Musk, the CEO of Tesla Inc. (NASDAQ: TSLA), Thursday on Twitter, about the…
BREAKING: Tiff Macklem Named Next Bank Of Canada Governor
Tiff Macklem has been named the next Bank of Canada governor as the economy grapples with the effects of the…
Coronavirus: Markets Fall As Trump Threatens China Tariffs Over Pandemic
Stocks sank in London on Friday after US president Donald Trump threatened to impose new tariffs on China over its…
Nigerian Government Continues With The Disbursement Of N50bn Covid-19 Fund
NIRSAL Microfinance Bank has commenced the disbursement of the Central Bank of Nigeria N50bn Targeted Credit Facility. The Managing Director,…
Maruti Suzuki, India’s Biggest Carmaker Recorded Zero Sales In April
Maruti Suzuki India Ltd., which produces more than half the cars on India’s roads, recorded no sales in the domestic…
Nigeria: Lagos Directs Reopening Of Government Offices, Establishments
Lagos State Head of Service, Mr. Hakeem Muri-Okunola, has announced the reopening of the State Secretariat, Alausa as well as…
Nigeria: CBN Extends Microfinance Banks Recapitalization Deadline
The Central Bank of Nigeria in consideration of the impact of the COVID-19 pandemic on economic activities has revised the…