A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
By Egufe Yafugborhi – Port Harcourt Rivers State Government has slashed its 2020 budget size by nearly half, 48% from N530,813,357,619.00 Billion to 300,370,071,183.00 Billion. The state has also announced a free bus service for commuters in Port Harcourt and environs from Monday, June 1, 2020, through the coronavirus pandemic just as the dead can
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Alphabet shares surged after first-quarter results and upbeat executive comments showed the company’s cloud and YouTube businesses kept growing in the midst of the Covid-19 pandemic. Sales came in at US$33.71-billion, up 14% from a year ago and ahead of Wall Street estimates. YouTube revenue jumped 33.5%, while Google Cloud’s top line soared 52%. ALSO
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By Johnbosco Agbakwuru The Federal Government said that it was working out a stimulus package that will take the country’s economy out of global recession and take it to positive growth in 2021. Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, stated this while speaking with the journalists after the meeting of the
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Shares of Elon Musk’s electric car company popped Wednesday after Goldman Sachs resumed coverage of the company and slapped it with a “buy” rating. Tesla’s shares jumped more than 5 percent Wednesday morning before losing some ground in the afternoon, up 3.3 percent to $733.49, after analyst Mark Delaney gave the automaker’s stock a $864
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Emma Ujah, Abuja Bureau Chief The COVID-19 pandemic will drive Sub-Saharan Africa into recession with -5% growth, this year, the World Bank has predicted. It would be the first regional recession in 25 Years, the bank said. The fall would be a sharp contrast from the 2.4% regional growth in 2019 as the new forecast
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The International Monetary Fund, IMF has warned that Zimbabwe needs urgent aid as the coronavirus exacerbates the impact a food shortage following the worst drought in nearly four decades. The southern African nation needs hundreds of millions of dollars in foreign aid in the coming months to fend off a humanitarian crisis that’s likely to
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Ratings agency Fitch downgraded South Africa’s credit rating further into “junk” territory on Friday, another blow for Africa’s most industrialised economy, which is still smarting from a Moody’s downgrade last week. Fitch lowered its long-term foreign-currency issuer default rating to ‘BB’ from ‘BB+” and assigned a negative outlook. The agency cited “the lack of a
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AS the novel Coronavirus is ravaging the world, it has taken a toll on business ventures across the globe.
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The Senate passed a massive coronavirus stimulus bill that sends cash directly to most adults in a bid to shore up the faltering economy. The bill expected to top $2 trillion and also bails out businesses, hospitals, and local governments. It passed late Wednesday night and now heads to the House for final approval. The
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Prof. Uche Uwaleke says the devaluation of the nation’s currency by the Central Bank of Nigeria (CBN) will discourage round-tripping and return of foreign investors.
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