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China plans to cut jet fuel pr

China is planning to lower wholesale aviation fuel prices as early as July, part of Beijing’s pledge to reduce business costs in a slowing economy, said a

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Posted On: 17 May 2019

Bitcoin sinks abruptly after s

The price of bitcoin abruptly sank more than 20% on Friday, a move that didn’t appear to have a particular trigger and came after a strong recovery in the

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Posted On: 17 May 2019

MAX 737: Boeing says software

Boeing says it has completed a software update for its 737 MAX jets, which have been grounded worldwide since March after they were involved in two fatal crashe

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Posted On: 17 May 2019

China's central bank won't let

China’s central bank will use foreign exchange intervention and monetary policy tools to stop the yuan weakening past the key 7-per-dollar level in the ne

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Posted On: 17 May 2019

U.S. blacklists China's Huawei

The Trump administration hit Chinese telecoms giant Huawei with severe sanctions on Wednesday, adding another incendiary element to the U.S.-China trade dispute

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Posted On: 16 May 2019

MAN, LCCI react as CBN gov say

The Governor of the Central Bank of Nigeria,  Godwin Emefiele, has said the road ahead of the country’s economy is still rough, urging Nigerians to p

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Posted On: 16 May 2019

Jumia Posts 102% Growth In Q1

Jumia Technologies AG (NYSE: JMIA) has released its financial results for the quarter ended March 31, 2019.   “Jumia delivered excellent results du

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Posted On: 14 May 2019

Jumia: Citi Group addresses fr

Citigroup Global Markets Inc., an investment bank for Jumia Technologies, has responded to fraud allegations levelled against the e-commerce company by a resear

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Posted On: 13 May 2019

Osinbajo Warns AMCON Debtors,

Vice President Yemi Osinbajo, at the weekend said the federal government will deal decisively with individuals and organisations that made the list of high-prof

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Posted On: 13 May 2019

CBN Admits Authenticity Of Aud

The Central Bank of Nigeria on Sunday admitted the audio conversation between governor of the central bank, Godwin Emefiele, deputy governor, Edward Adamu, dire

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Posted On: 13 May 2019

Behold The Full Research Repo

Few days ago, notable e-commerce platform in Africa, Jumia, was called out by a US-based Citron Research for alleged discrepancies in the figures presented to t

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Posted On: 12 May 2019

MTN Nigeria grows revenue by 1

MTN Nigeria Communications Plc (MTN Nigeria) has said its subscribers have hit 60.3 million even as the telecoms company’s service revenue increased by 13

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Posted On: 10 May 2019

It’s time to break up Facebo

Chris Hughes, a co-founder of Facebook, is calling for the breakup of the social media juggernaut, citing the threat of the platform’s unchecked power and

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Posted On: 09 May 2019

U.S. FCC Bars China Mobile, Re

The U.S. Federal Communications Commission barred China Mobile Ltd. from the U.S. market over national security concerns and said it was opening a review of oth

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Posted On: 09 May 2019

NNPC reveals 132 firms compani

Nigerian state oil company NNPC said that 132 companies had bid for the right to swap the nation’s crude oil for fuels as a tender for the deals closed on

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Posted On: 03 May 2019

World’s Largest Startup Acc

Being the world’s largest pre-seed startup accelerator, it is no surprise that activities are happening very quickly. In the last one month alone, almost

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Posted On: 03 May 2019

Trader Moni Is Illegal, Corru

Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), and his party, have insisted that the Trader Moni initiative embarked upon by the

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Posted On: 03 May 2019

Strong U.S. job growth expecte

U.S. employers likely maintained a strong pace of hiring in April while steadily increasing wages for workers, pointing to solid economic growth and moderate in

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Posted On: 03 May 2019

Shell, Total declare force maj

Exports of Nigerian crude oil have suffered a significant disruption as two international oil companies operating in the country declared force majeure on two c

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Posted On: 30 Apr 2019

‘Nigeria’s forex stability

Chinese original equipment manufacturer (OEM), OPPO Mobile at the weekend in Lagos, said it decided to come into the country because of the stability in the

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Posted On: 30 Apr 2019

NNPC: Nigeria’ll benefit fro

The projected closures of some refineries in advanced economies imply that there will likely be a relocation of refining operations from those countries to area

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Posted On: 29 Apr 2019

Access Bank Shareholders’ ok

Shareholders of Access Bank Plc have approved a total dividend of N14.46 billion, declared by the bank for the financial year ended December 31, 2018, at the ba

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Posted On: 29 Apr 2019

Brent oil hits $75 for first t

Brent crude oil on Thursday rose above $75 per barrel for the first time in 2019 in the wake of tightening sanctions on Iran, while gains in U.S. prices were cr

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Posted On: 25 Apr 2019

Ecobank raises $450m from Eur

Ecobank Transnational Incorporated (ETI) in Lomé, which is the parent company of the Ecobank Group, has successfully raised $450 million in its debut Eur

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Posted On: 20 Apr 2019

SON tasks manufacturers on ac

Mr Osita Aboloma, Director-General, Standards Organisation of Nigeria (SON) has warned manufacturers of products that have direct impact on safety and health of

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Posted On: 18 Apr 2019

Guinness beer announced theyâ

We’ve got bad news if you’re plastic, but good news if you’re the environment. More and more companies are ditching single-use plastic in favo

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Posted On: 17 Apr 2019

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