Why Africa Borrowed Billions Of Dollars From China
Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets,…
Delta Launches Contact Tracing For US Travelers’
Delta Air Line is partnering with the Centers for Disease Control and Prevention to keep international customers…
British Pound Slips In Brexit Countdown, The Australian Dollar Rallies
Sterling was set to snap five weeks of gains with a slump on Friday, as leaders on both sides of Brexit trade talks…
Reps Want Interest-Free Banking In Nigeria
The House of Representatives on Thursday unveiled plans to adopt non-interest banking services in Nigeria as part…
Oil Price Rally Builds Steam As Coronavirus Vaccine Rollouts Begin
Oil rose around 1% on Friday, extending a sharp rally overnight that saw Brent rise above $50 for the first time…
Minister, Shareholders Disagree Over N150b Unclaimed Dividends
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, yesterday, disagreed with the Independent…
Crippling Oil Production Cut
The oil production cut by the Organisation of Petroleum Exporting Countries (OPEC) and its allies OPEC+ to…
‘FG Granted N342bn Waivers To Importers In Two Years’
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has disclosed that the federal government…
MMIA New Terminal Ready For Use Q1
The newly constructed terminal at the Murtala Muhammed International Airport (MMIA), Lagos built by Chinese…
Nigeria To Access Vaccine From Jan, Says Okonjo-Iweala
Chair of the board of Gavi, the Vaccine Alliance, Ngozi Okonjo-Iweala, has assured that Nigeria and other African…
Naira Extends Gains On Dollar At Black Market, Now N476/$1
The Naira extended gains into a second day on Thursday, December 10, appreciating by N2 against the US Dollar at…
Terror Risks Escalate In Africa; Coronavirus Could Make It Worse
Terror groups are expanding operations and scaling up attacks in Africa, straining governments ill-prepared to…
Nigeria Plans To Approve Covid-19 Vaccine Early Next Year
Nigeria expects to license by April one of the vaccines under development globally for Covid-19, the West African…
Nigerian Shell Employees Orchestrated Oil Spills For Own Profit: Dutch TV
Employees at Royal Dutch Shell's Nigerian joint venture orchestrated damage to oil pipelines to profit from the…
Canadian Dollar Extends Rally As Oil Benchmark Cracks $50/Bbl
The Canadian dollar strengthened to a more-than two-and-a-half-year against its U.S. counterpart on Thursday as oil…
World Bank Says 20 Million More Nigerians May Fall Into Poverty
The World Bank has predicted that the effects of COVID-19 pandemic could see further drastic deterioration in the…
Nigeria’s Manufacturing Sector Moving In Right Direction — Minister
Following years of struggle to contribute meaningfully to the country’s GDP, Nigeria’s manufacturing sector will…
Opec Output At Seven-Month High In Nov: Correction
Opec crude production rose to a seven-month high last month, climbing by 805,000 b/d from October thanks largely to…
Fitch Ratings Expects House Prices To Fall Up To 5 Per Cent In 2021
Canada’s housing markets broke records in 2020, even as a global pandemic raged, but prices could be poised to fall…
Nigeria May Be On Verge Of Second Wave Of COVID-19 Infections Warns Health…
Nigeria may be on the verge of a second wave of COVID-19 infections amid rising number of confirmed cases in…
WEEKAHEAD-AFRICA-FX-Ugandan Currency Firm, Kenya’s, Zambia’s Stable,…
Uganda's currency will likely gain against the U.S. dollar next week, while Kenya's and Zambia's are expected to…
Nigeria Needs More Naira Reform For $1.5 Bln World Bank Loan, Country Director…
The World Bank needs Nigeria to strengthen reforms of its currency, the naira, before it can approve a $1.5…
Mexico Senate Passes Bill To Make The Central Bank Buy Unwanted Dollars
Mexico’s Senate approved Wednesday a bill that will force the central bank to buy dollars from banks that can’t…
Sterling Extends Losses With UK And EU Still Far Apart In Brexit Talks
The Brexit-battered pound extended its losses against the dollar and the euro on Thursday, as investors became…
ECB To Go Easy; Brexit Goes Sour
Bets on more European Central Bank stimulus kept Europe’s main stock markets and the euro steady on Thursday, but…
Euro Stable Ahead Of ECB Stimulus, Pound Dips On Brexit Fears
The euro stood its ground on Thursday ahead of the European Central Bank unveiling fresh stimulus measures,…
Ports And Cargo Debunks Reports Of Inefficiency
Ports and Cargo Handling Services Limited, the flagship and port operations arm of SIFAX Group, has debunked news…
Apapa Gridlock: Truck Owners, Port Operators Allege Extortion By Presidential…
Importers, clearing agents, truck owners and other operators at the Apapa and Tin Can Island Ports in Lagos have…
States Eye Capital Market For Funds To Develop Infrastructure
A wave of fundraising by state governments from the capital market through bonds to develop infrastructure is in…
Facebook Sees WhatsApp As Its Future, Antitrust Suit Or Not
On the final day of November, Facebook Inc. announced it had bought a customer service software startup most people…