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Bloomberg

US: Fresh $319 million Abacha loot in Britain, France

Barely a week after helping to repatriate $311m (N118bn) stolen by the late Head of State, Gen. Sani Abacha, the United States says there is a separate $319m (N121bn) Abacha loot in the United Kingdom and France.

Samsung heir apologises over corruption scandal

The heir to the Samsung empire bowed in apology Wednesday for company misconduct including a controversial plan for him to ascend to the leadership of the world’s largest smartphone maker.

Shell cuts dividend for first time since second world war

Royal Dutch Shell on Thursday cut its dividend for the first time since the 1940s after a first-quarter loss – and warned virus-ravaged oil prices will take time to fully recover.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN resumes dollar sales for SMEs, school fees as naira falls to 450/$ at...

With gradual easing of the COVID-19 lockdown in Nigeria and elsewhere, Central Bank of Nigeria (CBN) says it has resumed provision of foreign exchange to all commercial banks for onward sales to parents wishing to pay schools fees and SMEs wishing to make essential imports needed to revamp economic activities across the country.
President Goodluck Jonathan

P&ID: Nigeria requests former president, ex-oil ministers’ bank statements

The Federal Government has requested for the account statements of some former public office holders to 10 banks. Bloomberg reports that the public officers include former President Goodluck Jonathan and his wife, Patience; former Ministers of Petroleum, Diezani Alison-Madueke and Rilwanu Lukman.
A vaccine for COVID-19, the viral illness caused by the novel coronavirus, may be within reach sooner than many experts predicted.

Oxford University to begin clinical trial of coronavirus vaccine on 6,000 people

The Oxford University’s Jenner Insititute believes it has produced an effective Coronavirus vaccine, and plans to carry out clinical tests on 6,000 people before the end of May.
The Chinese government has ordered ByteDance to take down its Feishu workplace messaging tool from app stores in China for a month because it let users access posts from Facebook and Twitter, which are banned in the country, Bloomberg reported.

China orders TikTok owner to remove Feishu workplace app

ByteDance, which also operates the social media app TikTok, developed Feishu as an internal app, then marketed it for business use in 2019. An international version of the app, called Lark, launched in April 2019 and is still operating in markets like Japan and Singapore.

Oil price plunges below $5 as coronavirus hits global economy

Oil prices have plunged further below $5 a barrel with the threat to erase decade of demand growth with thousands of jobs under threat as coronavirus continues to spread further.
“Stay at home,” Prime Minister Boris Johnson said in a televised address to the nation, as he unveiled unprecedented peacetime measures after the country’s death toll climbed to 335.

Britain moves to drop Huawei as 5G vendor over coronavirus

The UK is moving to drop Huawei as a vendor for the country’s 5G cellphone network in a major blow to Communist China over poor coronavirus transparency.
Apple said on Thursday that it would reopen its retail store in Seoul, South Korea, this week as part of a broader push to resume physical retail operations amid the COVID-19 pandemic, according to Bloomberg.

Apple set to start reopening its retail stores

Apple said on Thursday that it would reopen its retail store in Seoul, South Korea, this week as part of a broader push to resume physical retail operations amid the COVID-19 pandemic, according to Bloomberg.
Apple’s unannounced high-end over-ear headphones will reportedly come with interchangeable parts.

Apple’s over-ear headphones reportedly have swappable ear pads and headbands

Apple’s unannounced high-end over-ear headphones will reportedly come with interchangeable parts. Bloomberg reports that Apple is developing new high-end headphones that include swappable ear pads and headbands that magnetically attach. The modular design, similar to some other high-end headphone brands, is reportedly designed for owners to switch out parts during exercise sessions.
Empty tables sit in St. Mark's square in Venice, Italy. Italy has been scrambling to check the spread of Europe's first major outbreak of coronavirus amid rapidly rising numbers of infections.

European economy to drop more than 10% on coronavirus restrictions

Bloomberg’s monthly survey of economists puts the contraction in the euro area at more than 10% in the January-June period, with most of the hit – 8.3% – in the second quarter. Even with an expected rebound later in the year, the bloc’s output will still decline more than 5% in 2020.
Bloomberg has published a new report detailing much of Apple’s product roadmap for 2020, including the four new iPhones that have been widely rumored.

Apple redesigning iPhone this year with flat sides and smaller notch – report

Bloomberg has published a new report detailing much of Apple’s product roadmap for 2020, including the four new iPhones that have been widely rumored. Corroborating Ming-chi Kuo’s analysis from last year, Apple is said to be redesigning the iPhone Pro chassis with flat edges reminiscent of the current iPad Pro
The world’s two largest oil exporters came to a resolution at an expanded Organisation of Petroleum Exporting Countries (OPEC) emergency meeting which was held through a video conference.

Saudi Arabia, Russia end oil price war, agree to cut production

Saudi Arabia and Russia Thursday ended their oil war that has shaken the global oil markets and negatively affected many oil-reliant economies, including Nigeria.
Condoms being tested at Malaysia's Karex condom factory in Pontian, Johor. - Reuters

Coronavirus pandemic could lead to global condom shortage – producer

The coronavirus pandemic may lead to a global shortage of Condom, the world’s largest producer of condoms, Karex Bhd, has said.
President Muhammadu Buhari has ordered the restriction of movements in Nigeria’s capital city Abuja and Lagos, which are the hardest hit by coronavirus in the country.

President Buhari’s coronavirus speech is like fine wine with a bit of vinegar

President Muhammadu Buhari was presidential in his address to the nation on coronavirus (COVID-19) on Sunday. He got off his accustomed armchair; stood up and spoke to Nigerians like an unfeigned commander-in-chief. I could see the sense of urgency in his cadence and grimace.
aeroplane

Coronavirus: Airlines groan under refund requirements – IATA

Airlines are no longer able to comply with current rules on refunds for cancelled or late flights as the coronavirus pandemic hits the aviation industry.

Coronavirus: Delta Air cuts flights by 40 percent

Delta Air Lines is reducing its flight capacity by 40 percent due to a coronavirus-related dropoff in demand, marking the biggest reduction in operations in the airline’s history.

Recent Stories

Nwankwo Kanu: Vincent Enyeama one of the best goalkeepers in the world

Former Super Eagles skipper, Nwankwo Kanu, has paid a glowing tribute to the former Lille of France goaltender, Vincent Enyeama, saying he was one of the best in the world.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Police: Fresh attacks claim 21 lives in Southern Kaduna

The Kaduna State Police Command on Thursday evening confirmed killing of 21 locals in some communities in Atyab Chiefdom, Zangon Kataf local government area of Kaduna State despite the curfew imposed on the council.
In a statement by its National Coordinator, Comrade Emmanuel Onwubiko and the National Media Affairs Director, Miss Zainab Yusuf, HURIWA alleged that some lawmakers were conniving with armed terrorists to introduce “satanic legislation.”

HURIWA condemns invasion of Edo Assembly

The Human Rights Writers Association of Nigeria, HURIWA, has condemned the invasion of Edo State House of Assembly, describing it as unconstitutional.
Kola Ologbondiyan

PDP: Comrade Oshiomhole behind police invasion of Edo Assembly complex

The Peoples Democratic Party has accused the former national chairman of the All Progressives Congress Adams Oshiomhole of allegedly deploying security agents to take over the Edo State House of Assembly.

Enugu NMA election turns bloody

Some members of the association, who gathered at the Michael Okpara square for the Annual General Meeting and the election of new executive of the association for the next two years, were seriously injured by thugs who invaded the venue.