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The logo of South Africa's Standard Bank is seen above the company's headquarters in Cape Town, South Africa, file. REUTERS-Mike Hutchings-File Photo

South African bank profits seen taking years to recover from virus hit

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.
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil prices hold near multi-week lows on demand worries

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.

Microsoft sees growth amidst coronavirus pandemic computing demands

“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 is offering hackers up to $100,000 if they can break the security of the company’s custom Linux OS. The software giant built a compact and custom version of Linux last year for its Azure Sphere OS.

Microsoft sees growth amid pandemic computing demands

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.
OPEC and its oil allies reached agreement Sunday to cut global production by 9.7 million barrels a day starting May 1, to shore up the world price in the face of a significant drop in the demand for oil because of the coronavirus pandemic.

Oil prices slump as wary traders eye upcoming OPEC+ meeting

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, MTN, Dangote, others make Nigeria’s top 100 companies

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.

China reshapes global meat markets as swine fever rages

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.
(FILES) In this file photo taken on November 4, 2016, the Twitter logo is seen on a sign at the company's headquarters in San Francisco, California. - Twitter reported on October 25, 2018, stronger-than-expected profits and revenues in the third quarter, igniting a strong rally in shares of the key social network. (Photo by JOSH EDELSON / AFP)

Twitter tops earnings estimates, lifting shares

Twitter reported Thursday stronger-than-expected profits and revenues in the third quarter, igniting a strong rally in shares of the key social network.

Airline profits unlikely at December forecast level – IATA chief

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.

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The Commissioner for In­formation and Strategy, Gben­ga Omotoso, while speaking on the commencement of the campaign on Thursday, said it was initiated after discovering that members of the public did not comply with the directives.

#EndSARS: Lagos government to investigate Lekki shootings

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.

#EndSARS: Stop killing peaceful protesters – Hillary Clinton tells President Buhari

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.
A late winner from Marcus Rashford saw the Red Devils win 2-1 against the Parisians at the Parc des Princes - the scene of their famous Champions League win versus PSG in 2019.

Manchester United set new club record after another Champions League win vs Paris Saint-Germain

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.

‘Away’ canceled at Netflix after one season

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.
Kano State Governor Abdullahi Umaru Ganduje

Kano government distributes instructional materials to schools

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.