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Russian President Vladimir Putin, center, wearing a protective suit enters a hall during his visit to the hospital for coronavirus patients in Kommunarka settlement, outside Moscow, Russia, March 24, 2020.

Russia’s coronavirus cases up 5,509 to 834,499

Russia registered 5,509 new COVID-19 cases in the past 24 hours, taking its total to 834,499, the country’s COVID-19 response center said in a statement Thursday.
South African bank notes featuring images of former South African President Nelson Mandela (R) are displayed next to the American dollar notes in this photo illustration in Johannesburg. REUTERS-Siphiwe Sibeko

South Africa’s rand firms as growth, vaccine hopes drive mood for risk

South Africa’s rand firmed in early trade on Wednesday ahead of consumer inflation data and as hopes of economic recovery increased global risk appetite.
South African Rand coins are seen in this photo illustration. REUTERS-Mike Hutchings

South Africa’s rand edges firmer in cautious early trade

South Africa’s rand edged firmer in tentative early trade on Wednesday, as investors weighed a surge in coronavirus infections in key global centres and more signs of a creaking local economy.
Workers are seen on a production line manufacturing masks at a factory in Shanghai, China January 31, 2020. REUTERS-Aly Song

China’s industrial output continues slow recovery from virus hit

China's factory output rose again in May, while official data Monday also showed retail sales improved further after collapsing at the start of the year but officials warned the country faced a rocky recovery as it emerges from the coronavirus crisis.
Facebook on Tuesday said the coronavirus pandemic has users flocking to its services while it undermines ad revenue on which the world’s biggest social network depends.

Facebook revenue slips as usage leaps during virus pandemic

Facebook on Tuesday said the coronavirus pandemic has users flocking to its services while it undermines ad revenue on which the world’s biggest social network depends.
South Africa’s rand traded slightly firmer early on Friday, recovering from a sharp dip in the previous session after the country confirmed its first case of coronavirus.

South African rand weakens ahead of inflation, retail sales data

South Africa’s rand weakened on Wednesday amid mounting fears over the fallout from the coronavirus crisis, while investors awaited consumer price inflation and retail sales data to gauge the health of an already battered domestic economy.

Central bank mandates commercial banks to give out more loans

A new directive by the Central Bank mandates Nigerian banks to give N65 as loans for every N100 they have as deposits.
Air plane

NCAA: Domestic airlines record 16,429 delayed flights in six months

Domestic airlines operating in Nigeria recorded 16, 429 cases of delayed flights between January and June 2019 according to figures released by the Consumer Protection Department of Nigerian Civil Aviation Authority.
Apple announced today that it’s issuing a voluntary recall for certain 2015-2017 MacBook Pro laptops due to the possibility of overheating batteries.

Apple loses $44 billion market value

The world’s most influential consumer electronics company shed 44 billion dollars of market value after a pair of pronouncements from Beijing and Washington cast a spotlight on its massive Chinese production base, from which almost all of the world’s iPhones are made.
As part of measures to make the 2019 Higher Institutions Football league season, bigger, bolder and better, PACE Sports and Entertainment Marketing and the Nigerian University Games Association (NUGA) has organized an all-impactful coaching clinic in Lagos under the auspices of Manchester City and Premier Cool.

Coaching clinic: Manchester City drill Nigeria coaches

As part of measures to make the 2019 Higher Institutions Football league season, bigger, bolder and better, PACE Sports and Entertainment Marketing and the Nigerian University Games Association (NUGA) has organized an all-impactful coaching clinic in Lagos under the auspices of Manchester City and Premier Cool.

Nigeria to host African telecoms regulators conference

The Nigerian Communications Commission (NCC) is set to host the Conference of African Telecommunications Regulators on Consumer Affairs (CATCO) in Abuja from August 20 to 22.

Lagos chamber: Central bank lending rate will normalise credit market, economic growth

Lagos Chamber of Commerce and Industry (LCCI) says the lending policy of the Central Bank of Nigeria (CBN) will normalise the credit markets, spur economic growth and broaden the interface between entrepreneurs and the banking industry.

Central bank pegs remunerable bank deposits at N2 billion

The Central Bank of Nigeria has pegged bank deposit placement through its Standing Deposit Facility (SDF) at N2billion, saying that any amount in excess of that will not attract interest payment.

Central bank intensifies pressure on banks to lend to the economy

In a bid to further stimulate lending to the economy, the Central Bank of Nigeria, CBN, yesterday, said bank deposit placement through its Standing Deposit Facility, SDF, in excess of N2 billion will not attract interest payment.
Central Bank of Nigeria - CBN

Central bank to limit banks’ appetite for govt securities

The Central Bank of Nigeria, CBN, yesterday, said it would soon announce measures to limit the excessive appetite of banks for government securities.
A market survey conducted by the News Agency of Nigeria (NAN) showed that the affected commodities are foodstuffs, frozen foods, beverages and provisions, among other commodities.

Ramadan: Prices of food items rise in Ilorin markets

A market survey conducted by the News Agency of Nigeria (NAN) showed that the affected commodities are foodstuffs, frozen foods, beverages and provisions, among other commodities.

NCC restates how internet users can be protected from cybercrime

The Nigerian Communications Commission (NCC) has again disclosed how the over 114 million Internet users in the country can be properly protected while online.
This photo illustration shows a logo of Chinese telecoms giant Huawei at a shopping mall in Kuala Lumpur on February 13, 2019. (Photo by Mohd RASFAN - AFP)

Huawei Q1 revenue grows 39% to $27 billion amid heightened U.S. pressure

Huawei Technologies said on Monday its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology firm’s first-ever quarterly results.

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Xenophobia: Shoprite Ikeja partially closed — in pictures 4

Shoprite announces plans to discontinue operations in Nigeria

The Board of Africa’s biggest retailer, Shoprite International Limited, has announced plans to discontinue operations in Nigeria after 15 years.
South African Rand coins are seen in this photo illustration. REUTERS-Mike Hutchings

South Africa’s rand falls as virus fears hit risk appetite

South Africa’s rand fell to its weakest in more than three weeks on Monday, as fears about the economic fallout from rising COVID-19 cases dented investors’ appetite for riskier assets.
Thiago Alcantara may be an “unbelievable” player, concedes Jose Enrique, but that does not make the Bayern Munich midfielder the “best fit” for Liverpool.

PSG join race to sign Bayern Munich star

Ligue 1 champions Paris Saint-Germain are reportedly set to challenge Liverpool in their pursuit of Bayern Munich star Thiago Alcantara.
Kasper Schmeichel is as good as any goalkeeper in the Premier League, according to Mark Bosnich, who says the Leicester No 1 would be a fantastic signing for Manchester United.

Mark Bosnich: Kasper Schmeichel would be ‘fantastic’ signing for Manchester United

Kasper Schmeichel is "as good as any goalkeeper in the Premier League", according to Mark Bosnich, who says the Leicester No 1 would be a "fantastic" signing for Manchester United.

Ondo guber: Deputy governor’s defection tears PDP apart

The planned defection of the deputy governor of Ondo state, Hon Agboola Ajayi, to the Zenith Labour Party this week is generating heat within his People Democratic Party.