Loss

Norway-based budget airline Norwegian Air reported a third quarter net loss of 980 million kroner (108 million dollars), as the coronavirus pandemic caused a sharp drop in demand for air travel. SEE ALSO: China Southern Airlines set to…

Africa’s e-commerce giant, Jumia, in a staggering report, recorded a loss of Eur 37.6 million (N17 billion) after tax in the second quarter of 2020 following the devastating effect of COVID-19. It was an expected trend that…

China’s largest cinema chain operator Wanda Film (002739.SZ) said on Tuesday it expects to report a net loss of 1.5 to 1.6 billion Yuan (214 to 228 million dollars) in the first half of this year, after the coronavirus kept…

Nigerian equities market resumed trading on Monday with a loss of 0.91 percent as a result of profit taking in some blue chips. SEE ALSO: Pakistan’s Confirmed COVID-19 Cases Cross 100,000 Mark Speficially, the All-Share Index which opened…

Trading on the Nigerian Stock Exchange (NSE) resumed for the week on negative note on Monday with the market indicies dropping marginally by 0.02 per cent. The News Agency of Nigeria (NAN) reports that the All-Share Index lost 8.76…

The U.S. Consulate in Nigeria says by 2021, the global community will lose about six trillion dollars through cyber crimes. The U.S. Consul-General, Mr John Bray disclosed this during a programme to commemorate the 2017 National Cyber…