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Coronavirus-related bad debts have set South African banks’ profits back by around a decade or more and they are unlikely to recover for at least three years, two top executives told Reuters, as the economy struggles with recession.
Oil prices edged up on Thursday, but held near multi-week lows hit overnight after U.S. data showed gasoline demand fell and recovery from the COVID-19 pandemic was lagging.
“We are seeing businesses accelerate the digitization of every part of their operations from manufacturing to sales to customer service,” Nadella told a conference call.
Microsoft on Wednesday reported rising revenues in the past quarter amid strong demand for cloud computing services from pandemic-hit businesses and consumers and big gains in its Xbox gaming operations.
Oil prices edged down on Monday as traders took profits, with the Organisation of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June.
Julius Berger Nigeria Plc has been ranked in the upper Top 100 Nigerian companies in terms of assets, revenue and profits in fiscal year 2018.
China is scouring the world for meat to replace the millions of pigs killed by African Swine Fever (ASF), boosting prices, business and profits for European and South American meatpackers as it re-shapes global markets for pork, beef and chicken.
Profits in the airline industry are unlikely to reach the record levels forecast in December due to a jump in fuel costs, the head of the world’s leading air transport group said on Thursday.
The Lagos State government said it would investigate reports of shootings at the Lekki Toll plaza, which followed the 24-hour curfew imposed to stop criminals hiding under the #ENDSARS protests to unleash mayhem on innocent citizens.
Former United States presidential candidate, Hillary Clinton, has made a public appeal to Nigeria's President Muhammadu Buhari to end the killing of peaceful protesters.
Manchester United's victory against PSG in the Champions League has seen the club win 10 consecutive away games for the first time in their history.
Netflix seems to be on a cancelation streak as of late, and the science fiction space drama Away is the streaming service’s latest victim.
The Kano State Government, says it has begun the distribution of instructional materials worth over N1.5 billion to primary and junior secondary schools in the 44 Local Government Areas of the state.
Soldiers and policemen were in the early hours of Tuesday deployed in some communities near the Nnamdi Azikiwe International Airport, Abuja, apparently to forestall further breakdown of law and order as the protests against the scrapped Special Anti-Robbery Squad of the Nigeria Police Force continues.
Vijay Sethupathi withdraws from the project after cricketer Muttiah Muralitharan warns him of backlash from Tamils over Sri Lankan civil war.
Club Brugge began their 2020-21 Champions League campaign with a 2-1 triumph over Zenit St. Petersburg.
Facebook moderators located in India were pressured by their employer, third-party contracting firm Genpact, to return to the office despite safety concerns over the COVID-19 pandemic, according to a new report from nonprofit publication Rest of World.
As the world rounds off activities to mark the 2020 International Day of Older Persoms, the Federal Government on Tuesday in Abuja distributed 200 bags of rice and 200 pieces of wrapper to some senior citizens.