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Coronavirus: JPMorgan directs employees to work remotely

JPMorgan Chase & Co has joined the host of companies encouraging remote working due to the coronavirus outbreak. 

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JPMorgan Chase signs deal with Envestnet Yodlee , JPMorgan

JPMorgan Chase & Co has joined the host of companies encouraging remote working due to the coronavirus outbreak.

The bank reportedly told its New York employees to work from home after the New York Governor, Andrew Cuomo asked businesses to help the state slow the spread of the disease.

Health: Nigeria records first case of coronavirus

Cuomo had asked businesses to voluntarily consider staggering shifts for employees and letting them telecommute to help stem the spread of the highly contagious virus. Reports have it that the cases recorded in New York had jumped to 216 within two weeks.

[READ MORE: Coronavirus: YouTube now allows content creators to monetize deadly disease)

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JPMorgan plans to split the workers into two groups, one group working from home and the other in the office. The groups would engage in the weekly shift. This plan applies to the bank’s employees based in Manhattan, Brooklyn and Jersey City. The Seattle-area employees started remote working last week.

What you should know: In recent times, companies have responded to the fight against coronavirus by adjusting their business plans to curb the spread. This had become crucial for them due to the high rate at which people were testing positive to the virus.

Companies like Apple, Google, Microsoft, Chevron, Facebook and Twitter, amongst others have all recently directed their employees to work from home as well. Although this remote working does not apply to all of the companies’ employees in all branches where they operate.

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While Uber said it would start remote working on April 6, Shopify is giving its employees $1,000 to furnish their work-from-home setups with whatever gear they need because of coronavirus.

READ ALSO: JPMorgan Chase signs deal with Envestnet Yodlee over data sharing  

About JP Morgan Chase: JPMorgan Chase is one of the oldest financial institutions in the United States. With a history dating back over 200 years, it has over 250,000 employees and presence in over 100 markets.

Headquartered in New York, JPMorgan Chase is ranked by S&P Global as the largest bank in the United States and the sixth-largest bank in the world by total assets, with total assets of $2.6 trillion.

Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - [email protected]

2 Comments

2 Comments

  1. I.B.Decaster

    March 13, 2020 at 5:28 pm

    Hallo Daar. Meneer of Mevrouw.Mijn naam is naam is IB .Decaster en ik wil graag de volgende vraag stellen waarom duurt het zolang om mijn pensioen geld te ontvangen .Ik had in België gewoond en gewerkt maar ik kan geen pen sdieon geld op tijd ontvangen want jullie werken met checken en dat kan niet in Nederland verzegeld. Ik wil dat jullie spoed contact op nemen met .My Pension in Brussl .Zuiden toren nr 1 s.v.p. Ik ben febr.20.05.1953 .Met vriendelijke groet in afwachting verblijf ik .Bon SWA. MERSSY.

  2. I.B.Decaster

    March 13, 2020 at 5:36 pm

    Mij probleem gaat om mijn geld dat jullie bank Op moeten wil niet betalen en ik wil weten waar om duurt het zo lang ik heb niets te maken met de virussen ik wil mijn Geld dat ik had vóór gewerkt.Goed .Da

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Coronavirus

COVID-19 Update in Nigeria

On the 25th of September 2020, 213 new confirmed cases and 2 deaths were recorded in Nigeria

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The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 58,062 confirmed cases.

On the 25th of September 2020, 213 new confirmed cases and 2 deaths were recorded in Nigeria, having carried out a total daily test of 10,526 samples across the country.

To date, 58,062 cases have been confirmed, 49,606 cases have been discharged and 1,103 deaths have been recorded in 36 states and the Federal Capital Territory. A total of 494,577  tests have been carried out as of September 25th, 2020 compared to 484,051 tests a day earlier.

COVID-19 Case Updates- 25th September 2020,

  • Total Number of Cases – 58,062
  • Total Number Discharged – 49,606
  • Total Deaths – 1,103
  • Total Tests Carried out – 494,577

According to the NCDC, the 213 new cases are reported from 17 states- Lagos (51), Plateau (51), FCT (29), Rivers (18), Ondo (12), Oyo (9), Osun (8), Gombe (7), Ogun (7), Kaduna (5), Enugu (4), Edo (3), Jigawa (3), Kano (3), Benue (1), Delta (1), Sokoto (1).

Meanwhile, the latest numbers bring Lagos state total confirmed cases to 19,174, followed by Abuja (5,644), Plateau (3,373), Oyo (3,248), Edo (2,620), Kaduna (2,389), Rivers (2,305), Delta (1,801), Ogun (1,796), Kano (1,737), Ondo (1,620), Enugu (1,289), Ebonyi (1,038), Kwara (1,028), Abia (881), Gombe (864). Katsina (848), Osun (826),  Borno (741), and Bauchi (692).

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Imo State has recorded 566 cases, Benue (481), Nasarawa (449), Bayelsa (397),  Jigawa (325), Ekiti (317), Akwa Ibom (288), Niger (259), Adamawa (237), Anambra (234), Sokoto (162), Taraba (95), Kebbi (93), Cross River (87), Zamfara (78), Yobe (75), while Kogi state has recorded 5 cases only.

READ ALSO: COVID-19: Western diplomats warn of disease explosion, poor handling by government

Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

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The movement restriction, which was extended by another two-weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.

On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.

On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.

READ ALSO: Bill Gates says Trump’s WHO funding suspension is dangerous

 

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Coronavirus

Lagos launches N5 billion support fund for 2,000 low-cost private schools

The Governor said the facility will benefit low-cost schools with amounts ranging from N500,000 to N5 million.

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Lagos State government has launched a N5billion support fund to help reduce the impact of Coronavirus pandemic on low-cost private schools in the state.

This was disclosed by the Governor of the state, Babajide Sanwo-Olu via his Twitter handle on Friday.

According to him, the educational sector is one of those severely impacted by the pandemic, with schools and vocational learning-centres shut since March.

He said, “With access to funding for privately owned schools and vocational training centres in the state, we are confident that this programme, under the partnership between First Bank Nigeria and Lagos State Education Trust Fund (LSETF) will help accelerate a sustainable return to learning and skills acquisition.”

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He explained that the facility will benefit 2,000 low-cost schools with amounts ranging from N500,000 to N5 million.

“As a responsible Government, we are obligated to provide interventions that would enable learners in schools study in line with the new normal,” the Governor Sanwo-Olu added.

The Chief Executive Officer, First Bank Nigeria, Dr Adesola Adeduntan, said “With this partnership, we are sure that registered educational institutions in Lagos State will have access to funds at subsidised interest rates to meet their needs as they reopen at this auspicious time.”

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Business News

Paga Group relocates to the UK

Oviosu announced that he is very excited about moving to and working with the UK government.

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Paga records over $2 billion worth of transactions in 2019 , Paga acquires Ethiopian-based startup, Apposit, announces Paga subsidiaries

Paga Group has redomiciled from Mauritius to the United Kingdom (UK). The group is the holding company for its operations in Nigeria, México, Ethiopia, and the UK.

This was disclosed by the Chief Executive Officer and founder, Paga, Tayo Oviosu on Friday.

Why it matters: The company took the decision due to bureaucratic challenges it faced last year.

He said, “The laws and courts of Mauritius are not very fast-moving, and the rules are difficult. I’ve had one court case that was eventually thrown out after a year.

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“In the UK it would have been thrown out immediately, and the person would have had to pay us for our lawyer fees.

“Basically, not an easy place to do business. It is more painful than useful. I say stick to good ol’ America or UK or Netherlands or Luxemburg. Where you know there are professionals, and the legal system works.”

Oviosu said he is very excited about the move, looks forward to working with the UK government to promote trade with the UK.

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The Paga Group has raised $34.7 million in funding so far, according to Crunchbase.

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