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TIME named Nigerian physician Tunji Funsho to the 2020 TIME100, its annual list of the 100 most influential people in the world.

Nigerian doctor named one of TIME’s Most Influential People in the world

TIME named Nigerian physician Tunji Funsho to the 2020 TIME100, its annual list of the 100 most influential people in the world. The full list and related tributes are available now at time.com/time100, and...

Dollar buoyed by yields surge jump after Fed’s inflation shift

The dollar held gains against major currencies, on Friday, after the Federal Reserve’s aggressive new strategy to lift employment and increased tolerance for higher inflation pushed United States bond yields up.

Dollar slips as yields dive on recovery worries

This is as the latest coronavirus relief package stalled in Congress and U.S. yields sank on the prospect that further monetary easing might be needed to support the economy.
South African Rand coins are seen in this photo illustration. REUTERS-Mike Hutchings

South Africa’s rand firmer ahead of local CPI, Fed decision

South Africa’s rand firmed against the dollar early on Wednesday, ahead of domestic consumer price inflation figures and the U.S. Federal Reserve’s monetary policy decision.
President Donald Trump speaks April 4 during a coronavirus task force briefing at the White House. Patrick Semansky-AP Photo

Donald Trump to suspend US work visa till year end

US President Donald Trump will prolong a ban on US employment permits to year-end and broaden it to include H-1B visas used widely in the tech industry, the White House said Monday.
FILE - White House chief economic adviser Larry Kudlow talks to reporters.

40.7 million Americans seek unemployment benefits

Applications for unemployment compensation eased again in the U.S. last week, the Labor Department reported Thursday, as some employers started to reopen businesses after the coronavirus pandemic forced their closure.

Oil prices rise as US stock drawdown eases supply glut fears

Oil prices advanced on Thursday as a drawdown of the U.S. crude inventories and output cuts by major producers helped ease concerns about a supply glut, though lingering fears over the global economic fallout from the COVID-19 pandemic capped gains.
With the coronavirus-induced shock to the economy crippling businesses of all sizes and leaving millions of Americans out of work, homelessness in the U.S. could grow as much as 45 per cent in a year, according to a new analysis.

US homelessness could increase by 45% due to coronavirus – analysis

With the coronavirus-induced shock to the economy crippling businesses of all sizes and leaving millions of Americans out of work, homelessness in the U.S. could grow as much as 45 per cent in a year, according to a new analysis conducted by a Columbia University professor.
Director of Pandemic and Epidemic Diseases Department at the World Health Organization (WHO) Frenchwoman Sylvie Briand poses after an interview with AFP outside the UN agency’s headquarters on May 12, 2020 in Geneva. – Briand said the UN agency was “surprised” by the lack of preparedness of some countries to deal with the coronavirus epidemic. (Photo by Fabrice COFFRINI / AFP)

WHO warns virus may be here to stay as toll nears 300,000

The coronavirus may never go away and populations will have to learn to live with it just as they have HIV, the World Health Organization has warned, as the global death toll from the disease nears 300,000.
The last three weeks have marked one of the most devastating periods in history for the American job market, as first-time claims for unemployment benefits have surged more than 3,000 per cent since early March.

Report: 6.6 million Americans file for unemployment benefits

The last three weeks have marked one of the most devastating periods in history for the American job market, as first-time claims for unemployment benefits have surged more than 3,000 per cent since early March.
US President Donald Trump speaks during a ‘Evangelicals for Trump’ campaign event held at the King Jesus International Ministry on January 03, 2020 in Miami, Florida. (Photo by JIM WATSON - AFP)

White House seeking $850 bn stimulus package

US President Donald Trump will ask Congress to approve a massive $850 billion emergency spending package to contain the growing economic damage from the coronavirus pandemic, according to media reports Tuesday.
Nigeria has overtaken South Africa as the continent’s largest economy, a report by Bloomberg has shown.

Nigeria overtakes South Africa as Africa’s largest economy

Nigeria’s re-emergence as Africa’s biggest economy followed South Africa’s slump into its second recession in two years, as severe rolling power blackouts frustrate President Cyril Ramaphosa’s attempt to revive growth.

Oil prices rise on OPEC deficit forecast

Oil prices rose on Thursday, recouping some of the previous session’s losses after OPEC forecast a supply deficit next year and the U.S. Federal Reserve said the economic outlook was favorable.
The headquarters of Egypt's Central Bank are seen in downtown Cairo, Egypt January 11, 2018. REUTERS-Mohamed Abd El Ghany

Egypt’s central bank seen making third straight cut to key rates – survey

Egypt’s central bank will likely make a third consecutive cut to its key interest rates on Thursday, a Reuters poll showed, as inflation fell to its lowest in nearly 14 years in October.
Former IMF chief Christine Lagarde said President Donald Trump’s trade offensive against China could slash global economic growth and she critiqued his Twitter habits in an interview with US television program 60 Minutes.

Former IMF chief takes swipe at Donald Trump’s Twitter habits

Former IMF chief Christine Lagarde said President Donald Trump’s trade offensive against China could slash global economic growth and she critiqued his Twitter habits in an interview with US television program 60 Minutes.
U.S. and Chinese deputy trade negotiators were set to resume face-to-face talks on Thursday for the first time in nearly two months as the world's two largest economies try to bridge deep policy differences and find a way out of a bitter and protracted trade war.

US, Chinese trade deputies face off in Washington amid deep differences

U.S. and Chinese deputy trade negotiators were set to resume face-to-face talks on Thursday for the first time in nearly two months as the world's two largest economies try to bridge deep policy differences and find a way out of a bitter and protracted trade war.
The U.S. Treasury on Friday announced sanctions on three North Korean hacking groups it said were involved in the WannaCry ransomware attacks and hacking of international banks and customer accounts.

US imposes sanctions on North Korean hacking groups blamed for global attacks

The U.S. Treasury on Friday announced sanctions on three North Korean hacking groups it said were involved in the WannaCry ransomware attacks and hacking of international banks and customer accounts.

Asian stocks fall as global recession fears deepen

Asian stocks stumbled and oil prices extended a punishing sell-off on Thursday as investors feared an historic drop in long-term U.S. bond yields could portend a recession globally.

Recent Stories

Britain reopens visa application centers in Nigeria

The United Kingdom High Commission has announced that its center’s across the country has reopened.
Nigeria’s Private Sector led Coalition Against COVID-19, CACOVID, yesterday formally announced the flag-off of a nationwide distribution of multi-billion naira food palliative and other relief items to vulnerable Nigerians.

CACOVID: Looted palliatives awaiting distribution

Most of the looted palliatives in warehouses across the nation were awaiting distribution to over 2 million vulnerable households, the private sector-led Coalition Against COVID (CACOVID) has explained.
Two minors and four other suspects were paraded on Monday by police in Ekiti State in connection with arson attacks on three police stations in the State.

#EndSARS: Police parade two minors, four others for arson

Two minors and four other suspects were paraded on Monday by police in Ekiti State in connection with arson attacks on three police stations in the State.
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#EndSARS: Ekiti panel receiving petitions ahead of November 2 sitting

The Ekiti State Judicial Panel of Inquiry on the Allegations of Human Rights Violations Against the Police, defunct SARS officers and other Persons has commenced its activities with a call on citizens of the State to start submitting petitions ahead of its November 2 inaugural sitting.
The Lekki Concession Company, LCC, has refuted claims that it removed the CCTV’s at Lekki tollgate few hours before the shooting of protesters on Tuesday.

Britain asks Nigerian government to investigate Lekki shooting, bring culprits to book

The British High Commission in Nigeria has asked the Federal Government of Nigeria led by President Muhammadu Buhari to investigate all killings and incidents associated with the #EndSARS protests.