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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

China Needs to Change, But Tra

After taking office, US President Donald Trump branded China a strategic competitor. The change of direction enjoys bipartisan political as well as support from

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Posted On: 07 Jul 2018

Shots fired as U.S./China tari

U.S. tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday, and with Beijing having vowed to respond immediately in kind, the wor

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Posted On: 06 Jul 2018

U.S. job growth seen strong in

U.S. employers likely maintained a brisk pace of hiring in June while increasing wages for workers, which would reinforce expectations of robust economic growth

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Posted On: 06 Jul 2018

Export Inflow into Lekki Free

Lagos State Governor, Mr. Akinwunmi Ambode, has said the export inflow at the Lekki Free Zone (LFZ) in Ibeju Lekki area of the state is projected to hit over $6

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Posted On: 06 Jul 2018

Naira loses against dollar at

The Naira on Thursday lost marginally against the dollar at the parallel market in Lagos, exchanging at N359.2 to the dollar, the News Agency of Nigeria (NAN) r

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Posted On: 06 Jul 2018

China, African Trade Hits $170

China’s bilateral cooperation with Africa has grown phenomenally in the past 40 years with trade leaping from $765 million to $170 billion a year.  

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Posted On: 05 Jul 2018

Air Peace Operates All female

Nigeria’s major carrier, Air Peace, has said that it will Thursday operate all-female flight, including pilots and cabin crew from Lagos to Abuja and from

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Posted On: 04 Jul 2018

4,000 Farmers to Benefit from

No fewer than 4,000 farmers in Bauchi State will benefit from the state Agricultural Entrepreneurship Development Programme.     The state Governor

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Posted On: 04 Jul 2018

Trump stands firm on trade, e

President Trump defiantly stood by his tariffs on Sunday as Canada hit back hard, Mexico elected a new leader who seems prepared to confront him, and the Europe

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Posted On: 02 Jul 2018