Nigeria, Other African Oil Exporters’ll Lose $34bn – IMF
The impact of the COVID-19 pandemic is estimated to cost Nigeria and other oil exporters in Africa a total of…
Author: Ekemini
Dollar Steadies, Yen Gains; European Economic Data In Focus
Currency traders were broadly cautious in early London trading on Wednesday, with the Japanese yen seeing its first session of…
Actis-Backed African Education Group Acquires Nigerian University
A pan-African education group backed by global investment firm Actis has acquired its first university in Nigeria as it seeks…
Nigeria: Chinese Bank, Sinosure To Fund $2.6bn Ajaokuta-Kano Pipeline
The Bank of China and Sinosure, a Chinese export and credit insurance corporation, are to fund the $2.6bn Ajaokuta-Kaduna-Kano gas…
The Toxic Legacy Of 60 Years Of Abundant Oil
It’s one of the most polluted spots on Earth, and prospects of a turnaround only get worse as Covid-19 guts…
Buhari Tasks Economic Council To Do More To Develop Nigeria
The Presidential Economic Advisory Council (PEAC) was on Tuesday directed to develop more strategies that will put the country on…
Nigeria’s Airports To Reopen When Safe – NCAA
The approval by the Federal Government for the resumption of domestic flights will only be given when it is safe…
Central Bank Of Nigeria: Leveraging I&E Window For Exchange Rate Stability
Having successfully used the Investors and Exporters’ (I&E) foreign exchange window to stop the naira from crashing to a record…
Facebook Frustrates Advertisers As Boycott Over Hate Speech Kicks Off
Advertisements for more than 400 brands including Coca-Cola and Starbucks are due to vanish from Facebook on Wednesday, after the…
Tesla Stock Ends At record, As Company’s Valuation Tops $200 Billion
Tesla Inc. TSLA, +6.98% shares ended at a record $1,079.81 on Tuesday, sending the Silicon Valley car maker’s market cap…
Here Are The Major Brands That Have Pulled Ads From Facebook
Since an advertising boycott of Facebook Inc. was organized in mid-June, a veritable Who’s Who of major brands have either…
Nigerian Fintech Startups May Soon Need Regulatory Approval To Launch New Products
The Central Bank of Nigeria (CBN) has released a new framework for regulatory sandbox operations in Nigeria which seeks to…
Don’t Introduce New Tax Reforms, IMF Urges Nigeria
The International Monetary Fund (IMF) yesterday advised Nigeria against implementing new tax measures at this time in order not to…
Nigeria, Others Face $44bn Financing Gaps Despite Hefty Loans
Still struggling to deal with the impact of COVID-19 on their economies, the International Monetary Fund (IMF) has said Nigeria…
Nigeria’s Corporate Affairs Commission To Issue Incorporation Certificates With Tax Numbers
Certificates of incorporation of companies registered under Part A of the Companies and Allied Matters Act will now be…
Shops Of Nigerians In Ghana Will Remain Shut Until They Obey Rules—Ghana Trade Union
e Ghana Union of Traders Association (GUTA) has reacted to claims made by some Nigerian traders who protested at the…
Biden To Donors: I’ll Remove Bulk Of Trump Tax Cuts
Presumptive Democratic nominee Joe Biden told potential donors to his campaign that his administration would end most of President Donald…
Facebook Removes A Network Of Accounts Linked To The Violent ‘Boogaloo’ Movement
Facebook has removed a network of anti-government accounts associated with the fringe “boogaloo” movement after designating the group as a…
Judge Temporarily Halts Release Of Tell-All Book By Donald Trump’s Niece
A New York judge on Tuesday temporarily blocked Donald Trump’s niece from publishing a tell-all book that offers an unflattering…
Nearly Half The U.S. Population Is Without A Job
Nearly half of the population is still out of a job showing just how far the U.S. labor market has…
Sending Money Within Africa: Here Are Reliable Platforms To Use
Although electronic mode of payments is becoming increasingly popular in sub-Saharan Africa, sending money across African countries is still quite…
Kweichow Moutai, An ‘Elite’ Alcohol Brand Becomes China’s Most Valuable Company
A drinks maker has become China’s most valuable publicly-listed company, overtaking the country’s biggest bank. Kweichow Moutai is a luxury…
Facebook Agrees To Audit Its Hate Speech Controls
Facebook Inc (FB.O) said on Monday it would submit itself to an audit of how it controls hate speech in…
India Bans TikTok As Tensions With China Escalate
India is banning TikTok and several other well-known Chinese apps, saying they pose a “threat to sovereignty and integrity,” in…
Saudi Prince Calls OPEC, Laggard and Nigeria Amid Push For Oil Cuts
Prince Mohammed and Nigerian president spoke on Monday: SPA Nigeria submitted plan to fully implement OPEC deal last week Saudi…
Google Photos Will No Longer Backup Social Media Folders By Default
Google Photos will no longer backup images and videos saved from folders created and managed by social media apps by…
EasyJet Plans To Close Bases And Cut Staff
EasyJet has announced that it has begun consultations on plans to close bases at Stansted, Southend and Newcastle. It follows…
Coronavirus: UK Economy Hit By Worst Contraction In 41 Years
The UK economy shrank more than first thought between January and March, contracting 2.2% in the joint largest fall since…
Killing Of Ethiopian Singer Sparks Protests In Capital City
Youths enraged by the killing of a popular protest singer burned tyres during demonstrations in Ethiopia’s capital on Tuesday, in…
Wealthy Africans Shopping For Foreign Passports
A Nigerian passport, says Karo Agono, a Nigerian businessman, raises all sorts of “red flags”. For 15 years international deals…