FG, Ethiopian Airlines in talk

Ethiopian Airlines Enterprise, Africa’s biggest airline, has said it’s in discussions with the Nigerian government for a new national carrier. &nbs

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Posted On: 18 Jul 2018

GTB, Okomu oil top losers’

Guaranty Trust Bank on Wednesday led the laggards’ table, declining by N2.65 to close at N36.55 per share on the Nigerian Stock Exchange (NSE), the News A

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Posted On: 18 Jul 2018

Amazon.com's stock market valu

Amazon.com’s (AMZN.O) stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a pu

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Posted On: 18 Jul 2018

EU sets provisional import dut

The European Union will impose duties from Thursday on Chinese electric bicycles in a move to curb cheap imports that European producers say are flooding the ma

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Posted On: 18 Jul 2018

European Investment Bank canno

The European Investment Bank would put its global operations at risk by investing in Iran, its president said on Wednesday, the most public rejection yet of an

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Posted On: 18 Jul 2018

All Share Index Falls to New L

The Nigerian Stock Exchange (NSE) All-Share Index (ASI) Tuesday hits a new low falling below the 37,000 threshold to 36,963.70 as stocks maintained downward tre

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Posted On: 17 Jul 2018

EU President to visit Trump ne

President Donald Trump will host European Commission President Jean-Claude Juncker in Washington on July 25, the White House announced Tuesday.   Among t

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Posted On: 17 Jul 2018

Nigeria, Netherlands trade vol

Nigeria Ambassador to the Netherlands, Oji Ngofa has expressed satisfaction with the current volume of trade between the two countries, which stood at three bil

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Posted On: 15 Jul 2018

NNPC, DPR Heading for a Showdo

The Nigerian National Petroleum Corporation and the Department of Petroleum Resources might be heading for a showdown over the actual litres of refined petrol t

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Posted On: 15 Jul 2018

UAE pledges $10 bln in investm

The United Arab Emirates (UAE) has pledged to invest $10 billion in South Africa’s economy, including the tourism and mining sectors, the South African pr

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Posted On: 15 Jul 2018

Dangote gets $650m Afreximbank

Africa’s richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery projec

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Posted On: 15 Jul 2018

FIRS rakes in N2.5trn in 6 mon

The Federal Inland Revenue Services (FIRS) has realised over N2.5 trillion through the collection of various taxes from January to June 2018.   This is c

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Posted On: 13 Jul 2018

Drama as Obasanjo refuses to s

Former President, Olusegun Obasanjo caused a stir at the ongoing African Export and Import Bank, Afreximbank, Annual Meeting in Abuja on Friday.   Th

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Posted On: 13 Jul 2018

Chinese hotel denies raising r

A hotel in the southern Chinese city of Shenzhen on Friday denied a report that it would charge U.S. guests an extra 25 percent amid an escalating trade war bet

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Posted On: 13 Jul 2018

FG Approves Zero Per Cent Equi

Nigerians who wish to buy houses below N5 million using mortgage loans from the Federal Mortgage Bank of Nigeria (FMBN) will no longer have to come up with any

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Posted On: 13 Jul 2018

We’ll continue to borrow, sa

President Muhammadu Buhari has told the members of the Board of African Export and Important Bank, AFREXIM that his administration will continue to come to them

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Posted On: 13 Jul 2018

Oil price nears $80 per barrel

Nigeria stands to benefit as oil rose on Tuesday at the international market, supported by gains in equities and supply concerns in Norway and Libya.   B

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Posted On: 11 Jul 2018

Fashola to Togo, Niger, Benin

The Federal Government has called on international customers who receive electricity from Nigeria to either pay their bills or be disconnected.   DAI

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Posted On: 11 Jul 2018

U.S. stocks rise on earnings o

The S&P 500 stock index hit a four-month high on Tuesday, boosted by higher oil prices and expectations for strong earnings, while the U.S. dollar rose agai

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Posted On: 10 Jul 2018

Samsung opens world's largest

Samsung Electronics has formally opened a new factory in India, which the South Korean tech group says is the world's biggest mobile phone manufacturing plant,

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Posted On: 10 Jul 2018

Sino US trade war: Short term

Editor's note: With a doctoral degree in communications from the Communication University of China, the author has been working in the field of international jo

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Posted On: 10 Jul 2018

FG to Build N10bn Rice Mills i

The federal government Monday moved to boost rice production by signing a N10 billion contract for the construction of integrated large scale rice processing pl

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Posted On: 10 Jul 2018

Banks restrict ATM cash withd

Nigerian banks have restricted cash withdrawals from overseas Automated Teller Machines (ATM) only to those whose cards are linked to their domiciliary accounts

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Posted On: 09 Jul 2018

Nigeria’s Oil and Gas Reserv

Oil and gas industry experts have expressed deep concern over the drop in investment in oil and gas projects to lowest level in recent years, leading to the sta

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Posted On: 09 Jul 2018

Facebook boss Zuckerberg now

Facebook CEO Mark Zuckerberg is now the third richest man in the world, overtaking Warren Buffett on Bloomberg’s list of the world’s richest people.

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Posted On: 08 Jul 2018

China and the US Should Manage

The clock is ticking down to July 6. US President Donald Trump will place a 25% tariff on $50 billion worth of Chinese import. The first round of those duties,

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Posted On: 07 Jul 2018