Fuel Marketers Raise Diesel Price to N265 per litre
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...
Category : BUSINESS
Union Bank of Nigeria annual profit rises to N25.4bn
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...
Dangote Group Partners ECCIMA on 2021 Enugu Trade Fair
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...
Energy Giant Eni offers to Pay $14m to Settle Congo Graft Inquiry
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...
Mining Industry of South Africa
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...
Bitcoin Nears Record Highs in Yet Another Surge
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...
WTO New Head is on a Mission to Advance the Prospects of Common Development
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),...
Sudan Launches Cash Transfer Scheme for Low Income Families Amid Economic Crisis
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...
Blockchain and crypto will challenge current finance, Nigeria VP says
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...
Oil Prices Could Spike to $100, Analysts Reckon
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...
These Two Charts Show How Much Minimum Wage Workers Have Fallen Behind
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...
Minimum-wage Workers and Activists say $15 an Hour is a Moral and Economic Imperative
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...
Nigerian Breweries Launches New Brand With A Tour
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,...
Where Is the Africa-China Relationship Headed in 2021?
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...
Oil Prices Extend Weekly Gains Amid Signs of Improving Global Demand
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...
MTN supports AU’s COVID-19 Vaccination Efforts
The MTN Group has supported the African Union (AU)’s vaccination programme with $25m. This is expected to secure up to seven million doses of the...
Kenya’s Central Bank Moves to Adopt Bitcoin
IN BRIEF The central bank of Kenya has announced that it will be adopting Bitcoin to fight financial uncertainties facing its country. Kenya also...
Senegalese Hip Hop Star Akon Signs Mining Deal
Hip hop artist Akon has launched yet another business endeavour on the African continent. This time the impressive undertaking is in the mining industry in...
Ngozi Okonjo-Iweala Poised to Lead WTO After RIval Withdraws, Washington Offers Support
Nigeria’s Ngozi Okonjo-Iweala was poised to become the first African and first woman to lead the embattled World Trade Organization, after a South Korean rival...
Banks Accused of Being “Racially Selective” over Distribution of R200 billion Covid-19 Relief Funds
JOHANNESBURG – Players in the Black-owned businesses space in South Africa, on top of the tremendous challenges they have faced since the start of the...