Former vice-president Atiku Abubakar says Nigeria needs to stop borrowing to avert sliding into a further recession. Atiku, on Sunday, in a series of posts on his official Twitter handle reacted to Nigeria’s economic slip […]
The demand for goods and services from China is still on the high as the Asian country tops the list of import trading partners by 31.41% in the second quarter of 2020, the latest data […]
One of Africa’s largest supermarket chains, Shoprite, has begun a formal process to exit Nigeria. In a trading update published on Monday, the South African-based company said the decision was made after “approaches from various […]
Most equities fell Monday as a spike in new coronavirus infections across the planet forced governments to impose fresh containment measures, fuelling fears about the stuttering economic recovery. Traders are also keeping tabs on Europe, […]
The eight candidates battling to become the next head of the beleaguered World Trade Organization make their pitches this week, with three days of auditions starting Wednesday. The contenders will make 15-minute presentations to the […]
The Nigerian National Petroleum Corporation (NNPC) is alleged to have sacked 850 contract staff working in the nation’s refineries. This is according to a statement jointly signed by the leadership of the Nigeria Union of […]
In its bid to offer more value to customers and consolidate its leadership in Nigeria’s telecommunications market, digital transformation leader, Globacom, has announced a phone festival for the benefit of its teeming subscribers. Called the […]
After seven years of prolonged trial, a businessman in Imo State, Mr Kingsley Unegbu, is begging the Imo State High Court to fast-track his case against First City Monument Bank (FCMB). Unegbu dragged the First […]
By Collins Olayinka, Abuja29 June 2020 The Ministerial Council of African Petroleum Producers’ Organisation (APPO) decided at its 38th session on the 15th June 2020 to move the temporary headquarters of the organisation from Abuja, Nigeria […]
A small-scale miner in Tanzania has become an overnight millionaire after selling two rough Tanzanite stones – the biggest ever find in the country. Saniniu Laizer earned £2.4m ($3.4m) from the country’s mining ministry for […]
The World Bank has approved $750m International Development Association credit for Nigeria’s Power Sector Recovery Operation to improve electricity supply. In a statement on Tuesday, the World Bank said the loan was for the power sector […]
The novel coronavirus outbreak has a severe impact on the livelihood of households and business activities resulting to drop in global demand for goods and services, declined consumer confidence, and a slowdown in production among […]
The Nigerian Government has announced plans to resume domestic commercial flight operations on June 21. This was part of measures to ease the lockdown put in place to curb the spread of Covid 19 virus […]
BMW on Wednesday unveiled the face-lifted 5 and 6 Series models in South Korea to show its “strong and unwavering” commitment to the Northeast Asian market due to robust demand for its models. The German carmaker held a […]
The immediate financial relief for the states will include the acceleration of an existing programme to enable disbursement by the end of September. The World Bank has got a proposal of 1.5 billion dollars to […]
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