Exxon Mobil to cut 1,900 US jobs as Covid-19 hits oil prices

29 October 2020

Exxon Mobil said Thursday it will eliminate 1,900 US jobs as part of a global cost-cutting drive that will shrink its global workforce by about 15 percent over the next two years.

The US...

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Nokia doubles profit, pledges to win at 5G

29 October 2020

Finnish telecoms equipment maker Nokia more than doubled its profits in the third quarter as its new chief executive promised on Thursday to do “whatever it takes” to become the 5G market leader... Read More...

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US objection delays Okonjo-Iweala’s emergence as WTO DG

29 October 2020

Key World Trade Organisation (WTO) ambassadors on Wednesday tapped Nigeria’s nominee, Ngozi Okonjo-Iweala, as the best pick to lead the organization, but she was opposed by the United State of... Read More...

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PMI: Nigeria’s manufacturing sector records growth, says CBN

28 October 2020

The October Purchasing Managers’ Index for the manufacturing sector stood at 49.4 index points, indicating a reversal of five consecutive months of contraction which started in May.

This is...

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Nigeria stock market records N164bn growth

17 October 2020

After two days of cautious trading, the nation’s bourse on Friday recorded N164 billion growth following renewed investors interest.

Specifically, the market capitalisation which opened at...

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NNPC Releases 2019 Audited Financial Statement, reduces loss by 99.7%

15 October 2020

The Nigerian National Petroleum Corporation (NNPC) has released its 2019 Audited Financial Statement with a 99.7% reduction in its loss profile from ₦803bn in 2018 to ₦1.7bn in 2019.

Tthe...

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Global economic growth expected to fall to -4.4% in 2020 – IMF MD

15 October 2020

Kristalina Georgieva,  Managing Director, International Monetary Fund (IMF), says  global economic growth is expected to fall to  -4.4 per cent in 2020.

She made this known on Wednesday in...

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IMF estimates growth contraction of 3% for sub-saharan Africa

14 October 2020

The International Monetary Fund (IMF) predicts a 4.4% decline in growth in 2020 as the global economy struggles to recover from the pandemic-induced recession and experiences its worst collapse in... Read More...

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UK unemployment rate rises to 4.5%

13 October 2020

Britain’s unemployment rate has jumped to 4.5 percent as the coronavirus pandemic continues to destroy jobs, official data showed on Tuesday.

The reading for the June-August period compared...

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Nigeria stock market drops further by N68bn

09 October 2020

The bears maintained dominance on the Nigerian Stock Exchange on Friday with the market capitalisation declining further by N68 billion.

Specifically, the market capitalisation dropped N68...

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