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Business

“Yiwu China Commodity City” brand unveiled in Times Square

On the opening day of the 2nd China International Import Expo on November 5th, China time, the “Yiwu China Commodity…

Nigeria targets 80 percent revenue from non-oil sector

Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler said non-oil sector will contribute 80 per cent of Nigeria's…

Trade war leaves China, USA badly bruised: UNCTAD

Tariffs imposed by the United States on China are economically hurting both countries, UNCTAD warned in a new report released…

McDonald’s loses $4billion after CEO sacked

It was a market wipe out for giant food chain McDonald's, a day after its board sacked its CEO Steve…

What Sanwo-Olu said at Trade Fair will gladden SMEs

Lagos State Government will be pursing a private sector finance to incentivise local manufacturers and Small and Medium Enterprises (SMEs)…

Obasanjo’s mango plantation set to employ 1000 workers in Benue

Former Nigerian President Olusegun Obasanjo, is set to become a big employer of labour in Benue state, with his mango…

McDonald’s sacks CEO Easterbrook over relationship with staff

Steve Easterbrook, credited with turning around the fortunes of McDonald's since 2015, was sacked today by the food giant's board…
Saudi Aramco

Saudi Aramco’s IPO opens

Saudi Arabia's state oil giant, Aramco kickstarted its initial public offering (IPO) on Sunday as the company's application to list…

7 Ways you can make money in rabbit farming

Rabbits can be reared for any of the following reasons- to be domesticated as pets; to be reared for consumption…

Interswitch acquires eClat

Interswitch Limited, a leading technology-driven company focused on the digitization of payments in Nigeria and other African countries, has announced…

South Africa’s credit rating close to junk status

Ratings agency Moody’s followed S&P Global and Fitch in spelling bad news for Africa's second biggest economy, South Africa, now…

Vitol pulls out of deal to buy Petrobras’ Nigerian oil fields

Oil trader Vitol and Delonex Energy have quit a consortium that was set to buy a stake in two Nigerian…

14 companies bid for OML 119

Fourteen companies are bidding for the financing and redevelopment of Oil Mining Lease (OML) 119.

South African firm dumps Starbucks, Domino’s Pizza outlets

South Africa's Taste Holdings, owner of Starbucks and Domino’s Pizza franchises in South Africa, said on Friday it was abandoning…
Dangote, right with Governor Nasir El-Rufai at the refinery site in Lagos in June 2019

Dangote Refinery starts production early 2021

Nigeria’s giant Dangote refinery will be ready for commissioning at the beginning of 2021, with production reaching full capacity by…

AfDB increases capital to record $208billion

The African Development Bank’s board approved a 125% capital increase to $208 billion from $93 billion on Thursday, the largest…

South Africa revenue agency probes mega VAT, Customs fraud

South Africa is investigating criminal syndicates operating in the scrap metal, fuel and gold industries and responsible for value-added tax…

U.S. oil imports increase, exports down last week

The United States' crude oil imports increased while exports decreased during the week ending Oct. 25, the U.S. Energy Information…

Samsung profits in Q3 slump over 50%

Samsung Electronics, the world's largest smartphone and memory chip maker, saw net profits slump by more than half in the…
Bolsonaro

Brazil mulls joining OPEC

Brazilian President Jair Bolsonaro said on Wednesday that he wants his country to join OPEC, a move that would add…
CBN introduces new FX sales to BDCs

US Fed cuts interest rate for the 3rd time this year

The US Federal Reserve has slashed interest rates for the third consecutive time, with the Federal Open Market Committee voting…

Dangote Flour workers protest over unpaid gratuities

Trade unions in Dangote Flour Mill (DPM) on Wednesday staged a protest over non-payment of workers’  gratuities since 2012.

Dangote Flour Mill workers protest over non-payment of gratuities

Trade unions in Dangote Flour Mill (DPM) on Wednesday staged a protest over non-payment of workers’ their gratuities since 2012.
CBN introduces new FX sales to BDCs

Americans pile up $50b debt on online instalment loans

Americans have piled up a massive $50 billion debt on online instalment loan, a form of debt with longer maturities…
Abubakar Suleiman Sterling Bank CEO

Sterling Bank interest income jumps in Q3

Sterling Bank Plc posted net interest income growth of N47.53 billion for the third quarter ended Sept. 30, 2019.
Lagos House of Assembly summons of Gov. Sanwo-Olu's aide, commissioner over refusal to bring contracts before the lawmakers for ratification

Lagos Assembly okays Sanwo-Olu’s re-ordering of N93.7bn from 2019 budget

Lagos State House of Assembly has approved the re-ordering of N93,742,530,000 from the 2019 budget size by the state government.

Buhari orders CBN make funds available to textile firms

President Muhammadu Buhari on Tuesday mandated the Central Bank of Nigeria (CBN) to make special funds available for the local…

Chevron selling off Nigerian oil fields

Chevron is seeking to sell several Nigerian oilfields as part of a global drive to reshape its portfolio as it…

Ihedioha attracts $50m Afreximbank investment to Imo

Governor Emeka Ihedioha of Imo state has attracted a $50m investment into the state as the Africa Export Import Bank…

Verve Card formally announces its acceptance in Ghana

Verve, a leading payments technology and card business in Africa, has partnered with the Ghana Interbank Payment and Settlement Systems…
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