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Toyota Seeks $9b Credit Line from Banks

By Tajudeen Adebanjo Toyota Motor Corporation is seeking a one trillion yen ($9 billion) line of credit from Sumitomo Mitsui Banking Corporation and MUFG Bank Limited, as the automaker ensures it has ample funding  with the coronavirus pandemic intensifying across the world, people familiar with the matter have said. Although Japan’s biggest automaker has the strongest credit profile among the country’s car manufacturers, its cost of credit is going up. Last Thursday, Moody’s Investors Service …


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COVID-19: Davido Self-isolates As Partner, Chioma Tests Positive

By Joshua  Olomu Abuja (Precise Post) – Nigerian popularly music star, Davido, says he has decided to go into self-isolation as his fiancée, Chioma, has tested positive to the coronavirus. He disclosed this in a series of tweets on Friday evening on his verified Twitter handle. The “Assurance” crooner explained that the duo recently returned to Nigeria from their foreign trips without symptoms. They, however, decided to take the COVID-19 test alongside close associates. He said: …


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COVID-19: UEFA To Decide Champions League Tomorrow

Abuja (Precise Post) – European football governing body, UEFA, will discuss the fate of this season’s Champions League in a video conference meeting tomorrow following an admission by Aleksander Ceferin, the president of the body, that this season could be “lost” if competitive action does not resume by the end of June. Having agreed to postpone Euro 2020 for 12 months during a similar video conference on March 17, UEFA formed a working group involving …


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Revealed! Why Fauci Said Coronavirus Could Claim up to 200,000 US Lives

Abuja (Precise Post) – Senior US scientist Dr. Anthony Fauci issued a cautious prediction Sunday that the novel coronavirus could claim as many as 200,000 lives in the United States, as state and local officials described increasingly desperate shortages in hard-pressed hospitals. And with stress, uncertainty and exhaustion rising across the country, House speaker Nancy Pelosi squarely blamed President Donald Trump for unnecessary loss of life by initially playing down the pandemic. “His denial at …


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Evaluating Impact of COVID-19 on Aviation Sector

News analysis by Gabriel Agbeja, News Agency of Nigeria (NAN) The International Air Transport Association (IATA), said disruption of air travels due to the continued spread of coronavirus would cost Nigeria 434 million US dollars revenue loss and 22,200 jobs. IATA, an umbrella body for 290 airlines globally, added that Nigeria would also lose approximately 2.2 million passengers, and that the spread of the virus, that was first reported in Wuhan, China, at the beginning …

Sanusi II…X-raying a Controversial Era


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The World’s Worst Recession Is Coming – Part 2

By Dakuku Peterside By way of recap, I had earlier postulated that the global economy will enter its worst recession in recent times this year. I also identified the two drivers of the impending recession as the coronavirus pandemic and the crude oil market share war between Saudi and Russia. I acknowledged that the Nigerian government and its agencies have initiated several interventions to mitigate the impact of the impending recession; I, however, concluded that …