1st Afrika Times

New Report Highlights COVID-19 Impact On African Trade Finance

Jide AdesinaApril 21, 2021

by Jide AdesinaApril 21, 202103

African Export-Import Bank (Afreximbank), in collaboration with the United Nations Economic Commission for Africa (ECA), the African Development Bank (AfDB) and Making Finance Work for...

BUSINESS

Jide AdesinaApril 20, 2021

by Jide AdesinaApril 20, 202106

Tunisia and Greece meet to develop investment and development of maritime trade Tunis, Tunisia (PortSEurope) April 21, 2021 – Prime Minister Elyès Fakhfakh has met...

BUSINESS

6 Ways the Workplace will Change in 10years

Jide AdesinaApril 8, 2021April 8, 2021

by Jide AdesinaApril 8, 2021April 8, 2021017

HR leaders take note: social developments, digital business, consumer behaviors, emerging technologies and more will change how people will work in 2028. Current trends in business...

BUSINESS

African Continental Free Trade Area: Free Trade Bloc Can Be a Game Changer for African People and Business

Jide AdesinaApril 7, 2021

by Jide AdesinaApril 7, 2021020

Exploring strategies to deepen private sector participation in the implementation African Continental Free Trade Area (AfCFTA) was the highlight of a panel session during the...

BUSINESS

Bitcoin Miners HODLing BTC as Revenues Reach Monthly Highs

Jide AdesinaApril 5, 2021

by Jide AdesinaApril 5, 2021027

IN BRIEF Data from Glassnode hints that miners are holding bitcoin. Bitcoin’s on-chain activity continues to impress. Predictions for the asset, in the long run,...

BUSINESS

Visa Accepting USD Coin Cryptocurrency

Jide AdesinaMarch 30, 2021

by Jide AdesinaMarch 30, 2021025

In the latest evidence of cryptocurrency acceptance, Visa has announced it will accept USD Coin to settle transactions. USD Coin is a cryptocurrency that is...

BUSINESS

Oil And Gold Consolidating

Jide AdesinaMarch 27, 2021

by Jide AdesinaMarch 27, 2021025

Oil markets consolidate, very noisily The Ever Given refloating rumours that swept Asia yesterday were quickly quashed but could not stop oil giving back much...

BUSINESS

OPEC and Oil Producers Hold Course as Demand Worries Persist

Jide AdesinaMarch 23, 2021

by Jide AdesinaMarch 23, 2021027

Global oil prices have fallen back from their highest level in more than a year as demand uncertainty erased some of the gains that followed...

BUSINESS

Fuel Marketers Raise Diesel Price to N265 per litre

Jide AdesinaMarch 22, 2021

by Jide AdesinaMarch 22, 2021021

The National Bureau of Statistics, in its latest AGO price watch report, said the average price paid by consumers for diesel increased by 1.29 per...

BUSINESS

Union Bank of Nigeria annual profit rises to N25.4bn

Jide AdesinaMarch 21, 2021

by Jide AdesinaMarch 21, 2021023

Union Bank of Nigeria Plc has posted an increase of 2.8 percent in its profit before tax for the 2020 financial year, compared to the...

BUSINESS Uncategorized

Dangote Group Partners ECCIMA on 2021 Enugu Trade Fair

Jide AdesinaMarch 21, 2021March 21, 2021

by Jide AdesinaMarch 21, 2021March 21, 2021021

Nigeria’s foremost indigenous conglomerate, Dangote Industries Limited is partnering Enugu Chamber of Commerce, Industry, Mines and Agriculture, (ECCIMA) on the 2021 Enugu International Trade Fair...

BUSINESS

Energy Giant Eni offers to Pay $14m to Settle Congo Graft Inquiry

Jide AdesinaMarch 18, 2021

by Jide AdesinaMarch 18, 2021010

Eni has filed a request to pay 14 million dollars to settle an investigation into corruption in Congo-Brazzaville Italian energy giant Eni said Thursday it...

BUSINESS

Mining Industry of South Africa

Jide AdesinaMarch 16, 2021

by Jide AdesinaMarch 16, 2021012

Overview of Mining Activities South Africa’s economy has long been dependent on gold and diamond mining. Gold makes up more than 33 percent of the...

BUSINESS

Bitcoin Nears Record Highs in Yet Another Surge

Jide AdesinaMarch 12, 2021

by Jide AdesinaMarch 12, 2021037

Bitcoin (BTC-USD) is picking up steam once again and nearing record levels after US president Joe Biden on Thursday announced that he signed a coronavirus...

BUSINESS ECONOMY

WTO New Head is on a Mission to Advance the Prospects of Common Development

Jide AdesinaMarch 3, 2021March 3, 2021

by Jide AdesinaMarch 3, 2021March 3, 2021031

Newly appointed World Trade Organization Director-General Ngozi Okonjo-Iweala at a press conference in Geneva, Switzerland, on July 15, 2020. [Photo/Xinhua] The World Trade Organization (WTO),...

BUSINESS

Sudan Launches Cash Transfer Scheme for Low Income Families Amid Economic Crisis

Jide AdesinaMarch 1, 2021

by Jide AdesinaMarch 1, 2021027

Sudan’s new cabinet was sworn in on February 10, 2021 and includes seven former rebel chiefs as ministers. AFP Sudan’s government has launched a nationwide...

BUSINESS

Blockchain and crypto will challenge current finance, Nigeria VP says

Jide AdesinaFebruary 26, 2021

by Jide AdesinaFebruary 26, 2021033

Nigeria’s vice president, Yemi Osinbajo, delivered a speech at an economic summit on Friday in which he spoke positively of crypto and blockchain. “There is...

BUSINESS

Oil Prices Could Spike to $100, Analysts Reckon

Jide AdesinaFebruary 23, 2021

by Jide AdesinaFebruary 23, 2021026

Ahead of a big Opec+ meeting, Saudi Arabia is said to want to hold output steady, while Russia apparently is keen to step things up...

BUSINESS

These Two Charts Show How Much Minimum Wage Workers Have Fallen Behind

Jide AdesinaFebruary 21, 2021

by Jide AdesinaFebruary 21, 2021025

Biden used 3 key stats to make a point. Except they weren’t (CNN)With Congress already battling over hiking the minimum wage to $15 an hour, President...

BUSINESS ECONOMY

Minimum-wage Workers and Activists say $15 an Hour is a Moral and Economic Imperative

Jide AdesinaFebruary 18, 2021

by Jide AdesinaFebruary 18, 2021026

Demonstrators participate in a protest outside of McDonald’s corporate headquarters on January 15, 2021, in Chicago, Illinois. Scott Olson/Getty Images President Biden reiterated his support...

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