Trump Threatens Tariffs On $20

In the latest move in a nascent trade war, President Trump announced Monday evening that he was asking U.S. Trade Representative Robert Lighthizer to suggest $2

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Posted On: 19 Jun 2018

Gold tumbles to three week low

Gold prices slumped to three-week lows on Friday as disappointed speculators liquidated long positions despite fresh trade skirmishes between the United States

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Posted On: 16 Jun 2018

PDP flays presidency, APC over

The Peoples Democratic Party (PDP) has charged President Muhammadu Buhari to clear the air on allegations of corruption that have pervaded the recovery of the N

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Posted On: 15 Jun 2018

Electricity: US, Korean Consor

A consortium of investors from the US and South Korea has offered to invest the sum of $10 billion in the Ebonyi Independent Power Project (EIPP) by the end of

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Posted On: 15 Jun 2018

Disaster as Nigeria’s Oil Ex

Nigeria’s oil exports are expected to fall in July to 1.43 million barrels per day (bpd), according to the loading plans, the lowest level so far this yea

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Posted On: 12 Jun 2018

Chinese electric carmaker Byto

China-based electric car startup Byton has raised $500 million as it ramps up efforts to take on rivals like Tesla.   Byton's new capital is led by from

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Posted On: 12 Jun 2018

Rolls Royce, preparing to cut

Rolls-Royce said a costly compressor problem that had grounded Boeing planes had now been found in a different type of engine, compounding pressures on a group

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Posted On: 12 Jun 2018

Rolls Royce expected to slash

Rolls-Royce is expected to cut thousands of jobs this week as chief executive Warren East details how the engineering giant’s latest restructuring wi

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Posted On: 10 Jun 2018

Nigeria March exports eased fo

Nigerian exports slowed for the first time in five months in March, the statistics office said on Wednesday, in line with a wider easing of the pace of growth i

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Posted On: 10 Jun 2018

First Bank, WorldRemit To Boos

First Bank Nigeria Limited has partnered international remittance company, WorldRemit to increase the level of diaspora remittance into the country. The partner

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Posted On: 06 Jun 2018

GenCos: How TCN indicted Buhar

Electricity generating companies in Nigeria have said the Transmission Company of Nigeria, TCN, indicted President Muhammadu Buhari, Vice President Yemi Osinbaj

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Posted On: 05 Jun 2018

Banks, bad loans and miscellan

Almost entirely fortuitously, Nigeria’s economic outlook is gradually brightening beyond projections, as the price of crude oil, the country’s econo

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Posted On: 05 Jun 2018

Nigeria Stocks' World Beating

Nigerian stocks, world-beaters in January, have given up their gains for 2018 as risk-averse investors move their money elsewhere.     The Nigerian

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Posted On: 01 Jun 2018

Nigeria’s rice imports drop

There is an indication that Nigeria will still import three million tons of rice valued at (N480.6 billion) $1.33 billion this year in order to meet its total d

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Posted On: 01 Jun 2018

Senate rejects 1, confirms 4 C

The Senate yesterday confirmed four out of five nominees of President Muhammadu Buhari for the board of the Central Bank of Nigeria (CBN).   The Senate r

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Posted On: 01 Jun 2018

Nigeria’s Manufacturing Inde

Activity in the manufacturing sector expanded in May, but at a slow pace compared with the previous month, the Central Bank of Nigeria’s (CBN) Manufacturi

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Posted On: 01 Jun 2018

Nigeria’s Piggybank.ng raise

Seeking to tap into Africa’s informal savings groups the Nigerian investment startup Piggybank.ng closed $1.1M in seed funding and announced a n

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Posted On: 31 May 2018

Nigeria's Top Two Cement Maker

Nigeria’s two largest cement makers are turning to investors to help kick-start growth and take advantage of strengthening sub-Saharan African economies a

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Posted On: 31 May 2018

Kim Jong Un wants to open burg

Turns out Kim Jong Un might be as big of a fast food fan as Trump.   According to a new U.S. intelligence assessment, while the North Korean leader is no

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Posted On: 31 May 2018

Next year’s iPhone could ste

As always, Apple fans will be expecting another major hardware upgrade or two as new iPhones arrive over the next two years, and recent reports seem to suggest

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Posted On: 29 May 2018

Erdogan calls on Turks to conv

Turkish President Tayyip Erdogan called on Turks on Saturday to convert their dollar and euro savings into lira, as he sought to bolster the ailing currency whi

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Posted On: 26 May 2018

Trump administration reaches d

The Trump administration has told Congress that it's reached a deal allowing Chinese telecommunications giant ZTE Corp. to stay in business on Friday. A res

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Posted On: 26 May 2018

Apple teams up with Volkswagen

Apple and Volkswagen are officially in the car business together.   That’s according to a multiple news reports published on Wednesday night, which

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Posted On: 24 May 2018

NNPC: No Nigerian refinery wor

None of Nigeria’s four refineries worked up to 50 per cent of their capacity at any time during 2017, official figures from the state oil firm, NNPC show.

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Posted On: 22 May 2018

Gold slides to 2018 low as dol

Gold slid to a fresh low for the year on Thursday as another rise in U.S. bond yields and concerns over political risk in Italy held the dollar index near its 2

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Posted On: 17 May 2018

Oil gains after report shows l

Oil prices gained on Wednesday, shaking off the effects of a strengthening dollar, after an inventory report showed U.S. crude and gasoline stocks fell more tha

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Posted On: 16 May 2018