The International Monetary Funds (IMF) on Wednesday approved a $739 million emergency loan for Kenya and $491.5 million for Uganda, totalling $1.2305 billion, as the East African countries deal with the coronavirus pandemic. Both face […]
Nigeria’s government has announced a reduction in the ex-depot price of its Premium Motor Spirit (PMS) also known as petrol, across all its products loading facilities. The National Petroleum Corporation (NNPC), making the announcement on […]
Billionaire Tesla CEO Elon Musk and singer wife, Grimes have welcomed a baby boy, who they named “X Æ A-12 Musk.” Musk confirmed the news Monday after a fan asked if there was any update […]
Virgin Atlantic will cut over 3,000 jobs — around a third of staff — after the coronavirus put airlines under “unprecedented pressure”, the British carrier part-owned by tycoon Richard Branson announced on Tuesday. With the […]
A popular commercial bank in Nigeria, First City Monument Bank (FCMB), has debunked the widespread claims that a customer collapsed at its Lafos branch, on Monday, after showing symptoms of COVID-19. The bank in a […]
General Electric is cutting as many as 13,000 jobs in its jet engine business after the coronavirus pandemic brought devastation to the aerospace industry. GE Aviation on Monday announced plans to accelerate its cost-cutting by permanently reducing […]
Salaries of top CEO got increased at the country’s top mutual fund houses during 2019-20 on robust business growth, with HDFC Mutual Fund’s Milind Barve being the highest paid executive. According to an analysis of […]
Bank in Nigeria have suspended the sacking of staff, a development which recently caused ripples in the industry amid coronavirus panic. The country’s apex bank, the Central Bank of Nigeria (CBN) disclosed this is a […]
Warren Buffet now boasts of piling up a record $137 billion cash after his company, Berkshire, loaded up on stocks in part because of its inability to find large companies to buy outright, a drought […]
Billionaire South African entrepreneur Elon Musk’s tweet that: “Tesla stock price is too high,” has caused ripples in the business world forcing Tesla’s market value down by $14 billion in hours. Musk known for founding […]
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