Shell Cuts Dividend for First Time Since 1940s as Oil Demand Collapses

BusinessCoronavirusWorld NewsShell Cuts Dividend for First Time Since 1940s as Oil Demand Collapses

PilotnewsApril 30, 2020

Royal Dutch Shell RDSa cuts its dividend for the first time in 80 years and suspended the next tranche of its share buyback programme following the collapse in global oil demand due to the coronavirus pandemic. Chief Executive Ben van Beurden said this in a statement issued on Thursday in London. “Given the continued deterioration in the macroeconomic outlook and the significant mid and long-term uncertainty, we are taking further prudent steps to bolster our...

CONTINUE READING
UPDATE: COVID-19 Claims More than 60,000 Lives in U.S., Says Johns Hopkins University

CoronavirusUnited StatesUPDATE: COVID-19 Claims More than 60,000 Lives in U.S., Says Johns Hopkins University

PilotnewsApril 30, 2020

The death toll from COVID-19 reached nearly 60,200 in the U.S. on Wednesday and confirmed cases surpassed 1 million, according to Johns Hopkins University. Some models had suggested the U.S. would not reach this milestone until late summer. The shuttering businesses nationwide – restaurants, gyms, retail – has led the U.S. economy to shrink 4.8 percent in the first quarter. Amid a bleak financial outlook in which the U.S. economy saw its steepest drop since the Great Recession, a...

CONTINUE READING
JUST IN: Nigeria Records 196 New COVID-19 Cases as Total Number of Infections Now 1,728

CoronavirusNewsNigeriaJUST IN: Nigeria Records 196 New COVID-19 Cases as Total Number of Infections Now 1,728

PilotnewsApril 30, 2020

The Nigeria Centre for Disease Control (NCDC), on Wednesday, confirmed 196 new cases of the coronavirus (COVID-19) pandemic in the country, bringing the total number of infections in Nigeria to 1,728. The NCDC also said that the virus claimed the lives of 11 patients, bringing the total number of deaths to 51. The centre said that the breakdown of the 196 new infections recorded indicated that Lagos recorded 87 new cases and Kano, 24. Others...

CONTINUE READING
El Rufai Recounts His Battle With Corona Virus

CoronavirusNigeriaPeopleEl Rufai Recounts His Battle With Corona Virus

PilotnewsApril 29, 2020

Kaduna State Governor, Mallam Nasiru El-Rufa’i has opened up about his experience while he was knocked down by the virus. Stating that would have died if not for the effort of the doctors, he noted that he suffered a debilitating headache while addressing the state from isolation. El-Rufai, who spoke in a Hausa Radio programme on Wednesday, said he was the index case recorded in the state. “I could have died, if not for my...

CONTINUE READING
INEC deploys additional 39 Vehicles to PTF For COVID-19 Contact Tracing, Surveillance

CoronavirusNigeriaPoliticsINEC deploys additional 39 Vehicles to PTF For COVID-19 Contact Tracing, Surveillance

PilotnewsApril 29, 2020

The Independent National Electoral Commission (INEC) has deployed 39 additional vehicles to support the Presidential Task Force (PTF) on COVlD-19 in contact tracing, surveillance, laboratory, and infection prevention in Kano and Plateau. In a statement issued by Mr. Festus Okoye, the National Commissioner and Chairman, Voter Education Committee, in Abuja, the commission said that the vehicles were deployed in response to the request by the PTF to facilitate the movement of medical personnel for massive...

CONTINUE READING
NOUN Chancellor Condoles With VC on Father’s Death

EducationNewsNigeriaNOUN Chancellor Condoles With VC on Father’s Death

PilotnewsApril 29, 2020

The Chancellor of National Open University of Nigeria (NOUN), Igwe Lawrence Agubuzu, has condoled with the university’s Vice-Chancellor, Prof. Abdallah Adamu, on the death of his father, Dr. Muhammad Adamu. In a condolence message on Wednesday in Enugu, Agubuzu, who is also Chairman, Enugu State Council of Traditional Rulers, said that death was sudden and shocking. “I came across the shocking and sudden demise of your father, Dr. Muhammad Uba Adamu, on an online news...

CONTINUE READING
COVID-19 Pandemic Shatters Olympics Plan, Japan’s PM says

SportsWorld NewsCOVID-19 Pandemic Shatters Olympics Plan, Japan’s PM says

PilotnewsApril 29, 2020

Prime Minister Shinzo Abe said on Wednesday that the Tokyo Olympics may not take place next year unless the coronavirus pandemic is contained. His comment has come as the Japanese capital city’s governor requested an extension of Japan’s state of emergency. The International Olympic Committee (IOC) and the Japanese government last month postponed the Games until July 2021 because of the coronavirus crisis. With the epidemic’s worldwide infection rate climbing and experts suggesting a vaccine...

CONTINUE READING
Construction Site Fire in South Korea Kills at Least 38

PeopleWorld NewsConstruction Site Fire in South Korea Kills at Least 38

PilotnewsApril 29, 2020

A fire at a construction site in South Korea killed at least 38 people and injured another 10 on Wednesday, fire authorities said. The fire broke out when workers were building a warehouse in the city of Icheon, about 80 kilometres (50 miles) southeast of Seoul, they said. They said, “rapid combustion” occurred while workers were working on an underground level of the warehouse, adding that they are investigating the cause of the blaze. A...

CONTINUE READING
Pan-African Trade Fair Postponed Due to COVID-19

AfricaMarketsNewsPan-African Trade Fair Postponed Due to COVID-19

PilotnewsApril 29, 2020

This year’s Intra-African Trade Fair, initially scheduled to take place in Rwanda in September, has been postponed to next year due to the ongoing COVID-19 pandemic, organisers said in a statement on Wednesday. The event, co-organized by the African Export-Import Bank (Afreximbank), the African Union (AU) and the Rwandan government, will be postponed to Sept. 6-12, 2021, in Kigali to ensure the safety of the host country and the participants, said the statement released by...

CONTINUE READING
Troops Rescue Kidnapped Victims, Recover Stolen Crude Oil in N/Delta

Crime & SecurityNewsNigeriaTroops Rescue Kidnapped Victims, Recover Stolen Crude Oil in N/Delta

PilotnewsApril 29, 2020

The troops of Operation Delta Safe have rescued many kidnapped victims, uncovered illegal refineries and recovered arms and stolen crude oil in the Niger Delta region, the Defence Headquarters said on Tuesday. The Coordinator, Defence Media Operations, Maj.-Gen. John Enenche, disclosed this in a statement in Abuja. Enenche said the troops of Sector 2 while on routine patrol at Nembe Owelesu, Bayelsa encountered sea robbers at Abuja Open Water-Nembe who escaped into the creeks. He...

CONTINUE READING

Newer Posts

Older Posts

WP2Social Auto Publish Powered By : XYZScripts.com