BUSINESS Archives - Page 12 of 22

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, 20210544

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, 20210486

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, 20210464

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, 20210614

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, 20210487

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, 20210455

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, 20210612

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, 20210522

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, 20210361

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, 20210403

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, 20210394

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, 20210557

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, 20210422

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, 20210391

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, 20210412

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, 20210395

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, 20210489

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...

BUSINESS

Nigerian Breweries Launches New Brand With A Tour

Jide AdesinaFebruary 17, 2021

by Jide AdesinaFebruary 17, 20210479

Nigerian Breweries Plc launched its new tequila-based beer, Desperados, with a tour to four cities in the country. The roll-out which started, on February 12,...

BUSINESS

Where Is the Africa-China Relationship Headed in 2021?

Jide AdesinaFebruary 17, 2021

by Jide AdesinaFebruary 17, 20210533

Many African countries experienced an uneven relationship with China in 2020. Early in the year, the continent’s leaders worried how African students and businesspeople living...

BUSINESS

Oil Prices Extend Weekly Gains Amid Signs of Improving Global Demand

Jide AdesinaFebruary 16, 2021

by Jide AdesinaFebruary 16, 20210368

Despite mixed signals from the International Energy Agency (IEA) oil monthly report, prices extended weekly gains and rose to the highest level in more than...

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