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Crude Oil Price Rises above $7

Oil prices rose Tuesday with the global benchmark crude, Brent soaring above $74 per barrel as the United States revived sanctions against Iran, a major produce

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Posted On: 08 Aug 2018

Nigerian Beverage Company AJEa

Duet, a U.K-based private equity company, has acquired a majority interest in AJEast Nigeria, a Nigerian African beverage manufacturer.   AJEast launched

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Posted On: 08 Aug 2018

AB InBev Plans Additional Brew

Anheuser-Busch InBev NV is readying new African operations as the world’s largest brewer continues its expansion on the continent after the blockbuste

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Posted On: 08 Aug 2018

Google Welcome in China but Mu

Google is welcome to return to China—but only if it complies with the censorship regime enforced by the government’s internet regulator, state media

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Posted On: 08 Aug 2018

Banks Sign $3bn Deals with NNP

The Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, yesterday restated that the corporation signed third party finan

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Posted On: 07 Aug 2018

Cameroon cocoa production rise

Cameroon’s cocoa production in the 2017/18 season rose 9.5 percent to 253,510 tonnes from 231,510 tonnes last season, the National Office of Cocoa and Cof

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Posted On: 06 Aug 2018

U. K. rejects Nigeria’s vege

A large consignment of vegetables and other edibles exported from Nigeria to the United Kingdom, were at the weekend returned due to failure to meet up with int

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Posted On: 05 Aug 2018

Trade fight drags, but Apple's

An intensifying trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, but a rise in Apple shares took its valu

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Posted On: 03 Aug 2018

Trump to propose 25 percent ta

The Trump administration plans to propose slapping a 25-percent tariff on $200 billion of imported Chinese goods after initially setting them at 10 percent, in

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Posted On: 01 Aug 2018

China Baidu's second quarter e

Chinese internet search giant Baidu (BIDU.O) beat expectations for quarterly profit and revenue on the back of strong growth in its core online advertisement bu

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Posted On: 01 Aug 2018

Samsung Electronics profit gro

Samsung Electronics Co Ltd (005930.KS) posted its slowest quarterly profit growth in more than a year on Tuesday as its Galaxy S9 device missed sales targets an

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Posted On: 01 Aug 2018

Huawei overtakes Apple as worl

China’s Huawei Technologies overtook Apple Inc (AAPL.O) to become the world’s second-biggest smartphone seller in the June quarter, data from market

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Posted On: 01 Aug 2018

Fidelity Bank, WorldRemit part

Digital money transfer service WorldRemit, has joined forces with Fidelity Bank, one of the top financial services providers, for instant money transfers to fou

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Posted On: 31 Jul 2018

Samsung Electronics posts 9.9

Samsung Electronics on Tuesday reported a 0.1 percent dip in its second quarter net profit from a year earlier, blaming slower sales of smartphones and display

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Posted On: 31 Jul 2018

Nigerian Breweries in profit d

The Nigerian Breweries has reported 22 per cent decline in Profit After Tax (PAT) for the half year which ended on June 30, 2018.   The company during th

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Posted On: 31 Jul 2018

Facebook is sued after stock p

Facebook Inc (FB.O) and its chief executive Mark Zuckerberg were sued on Friday in what could be the first of many lawsuits over a disappointing earnings announ

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Posted On: 30 Jul 2018

U.S. stock index futures dip a

 U.S. stock index futures dipped late on Sunday ahead of a week when more than 140 S&P 500 companies, including Apple Inc (AAPL.O), will report earning

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Posted On: 30 Jul 2018

Wall Street finally taught Zuc

This week Facebook CEO Mark Zuckerberg finally got the whack across the nose that many had hoped Congress would give him back in April.   The social-medi

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Posted On: 28 Jul 2018

Iran woos local investors as U

Iran plans to offer price and tax incentives to private investors to take over idle state projects and help boost the economy, state media reported on Saturday,

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Posted On: 28 Jul 2018

Facebook is sued after stock

Facebook Inc <FB.O> and its chief executive Mark Zuckerberg were sued on Friday in what could be the first of many lawsuits over a disappointing earnings

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Posted On: 28 Jul 2018

CBN provides $340 million, CNY

The Central Bank of Nigeria (CBN), on Friday, provided $340 million and 69 million Chinese Yuan (CNY) to customers seeking foreign exchange in the agricultural

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Posted On: 28 Jul 2018

Twitter Shares Fall, Ending A

Social media companies have not had a good week in the stock market.   Twitter's shares fell 20 percent on Friday, after the company announced that it ha

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Posted On: 28 Jul 2018

EU Explains Nigeria’s Exclus

The European Union (EU) has explained Nigeria’s non- participation in the $240 billion honey market and export the product to the EU market.   The

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Posted On: 27 Jul 2018

Facebook's earnings disaster e

Facebook just made the wrong type of history.   The Mark Zuckerberg-led social-media titan saw shares drop 19 percent on Thursday fol

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Posted On: 27 Jul 2018

Huawei wants to beat Samsung t

One of the hotly anticipated handsets of 2019 is Samsung’s first foldable handset. We used to call it the Galaxy X until earlier this week, when we learne

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Posted On: 27 Jul 2018

Amazon challenges Google and F

Amazon’s cloud business may get much of the attention for bolstering the company’s bottom line. But an emerging new advertising arm of Amazon is als

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Posted On: 27 Jul 2018