Aviation Sector Quakes Under Huge Debts
The fate of the nation’s aviation sector may be hanging on the precipice over N22b debts owed by some local…
Nigeria Fastest Growing Economy In Africa – UK Trade Envoy
Hon. Helen Grant, United Kingdom Trade Envoy to Nigeria, has said that Nigeria was the fastest growing economy in Africa.…
COVID-19, Oil Prices Drag Nigeria Into Second Recession In Four Years
Nigeria is back in a recession for the second time in four years, no thanks to COVID-19 and the crash…
The Socio-Economic Potentials Of CBN’s Youth Investment Fund
If well-implemented and devoid of political manipulation, the Nigeria Youth Investment Fund (N-YIF) should boost job creation and produce a…
Britain And Canada Agree Post-Brexit Rollover Trade Deal
Britain and Canada struck a rollover trade deal on Saturday to protect the flow of $27 billion-worth (£20.32 billion) of…
Nigerian General Dismisses Bloody Lagos Protest Videos As Fake
A judicial panel investigating claims that Nigerian soldiers shot dead peaceful protesters in Lagos viewed videos on Saturday appearing to…
Your iPhone can recognize any song with just a tap — here’s how to set it Up
Apple released a software update for iPhones and iPads earlier this month that includes a built-in music recognition button that…
Tech companies are lining up to go public — here’s what we learned from the most recent wave of IPO filings
Tech investors have plenty of reading to do over the Thanksgiving holiday in the form of IPO filings. DoorDash, Airbnb,…
Biden Faces A Race Against The Clock For U.S. To Rejoin Iran Nuclear Deal
ble opportunity arises we will act on our responsibilities. No one should miss any opportunity.” The Iranian government’s statements over…
Bitcoin Could Hit $500,000, The Founder And CEO Of Ark Invest Says
The price of Bitcoin has been on a tear, rising nearly 160% this year and about 25% month to date.…
Nigeria: Tax Reduction Designed To Make Nigerian Economy Attractive —Osinbajo
Vice- President Yemi Osinbajo has said the decision of the Federal Government to slash taxes was aimed at making the…
Nigeria’s Real GDP Contracts By -3.62% In Q3 2020, Technically Enters A Recession
Overview of GDP in Quarter Three 2020 Nigeria’s gross domestic product (GDP) recorded a growth rate of -3.62% (year-on-year) in…
Gold Firms As Mnuchin Rekindles U.S. Stimulus Hopes
Gold edged higher on Friday after U.S. Treasury Secretary Steven Mnuchin signalled that negotiations on stimulus measures will continue, boosting…
Biggest African Economy Falls Into Recession As Oil Output Drops
Africa’s largest economy has slumped into a recession in the third quarter as oil production dropped to a four-year low.…
Buhari Begins Search For New EFCC Chairman, Looks Outside Police
Feelers from the Presidency last night revealed that the search for a new Chairman for the Economic and Financial Crimes…
AFTERMATH OF FUEL PRICE HIKE: Nigerians Groan As Prices Of Foodstuff, Goods, Services Skyrocket
As Nigerians continue to adjust to the “new normal” occasioned by the Coronavirus (COVID- 19) pandemic, prices of food items,…
Why Abuja-Kaduna-Zaria-Kano Road Hasn’t Been Completed – Fashola
The Nigerian government reiterates commitment to completing Abuja-Kaduna-Zaria-Kano Dual Carriageway. The Minister of Works and Housing, Babatunde Fashola, has reiterated…
Nigeria Slips Into Recession, Weighed Down By COVID-19 And Oil Prices
Nigeria has slipped into a recession after its gross domestic product contracted for the second consecutive quarter, according to data…
Naira Burnout Continues, Now N484/$1 At Black Market
At the previous session, the Nigerian currency was exchanged against the American currency at the parallel market at N480/$1. An…
Nigeria Plunges Into Second Recession In Five Years
Nigeria, Africa’s biggest economy, has entered its second recession in five years as official figures published on Saturday show that…
From Building Schools To Wells: Ordinary Turks Lend A Hand In Africa
Turkey’s growing influence in Africa is not only aided by projects and policies implemented by the Turkish government but also…
To Honor Slave Trade Victims, A Memorial In The Depths Of The Atlantic
NEW YORK, Nov 19 (Thomson Reuters Foundation) – Tributes to victims of the transatlantic slave trade can be found in…
Naira Plunges To N484/$1 On Parallel Market
The lingering acute shortage of foreign exchange in the country appears to be worsening as the local currency continued its…
Nigeria: Cocoa Prices Rise As Producers, Processors Clash
Tensions between cocoa-producing countries and manufacturers over costs have led to soaring prices on the international market, even as demand…
Nigeria Backtracks On Currency Rules After Naira Weakens
Nigeria’s central bank has backtracked on a rule that banned companies from sourcing imports from third parties other than manufacturers…
Elon Musk Passes Mark Zuckerberg To Become The World’s Fourth Richest Person
Tesl TSLA +2.6% a’s billionaire cofounder and CEO, Elon Musk, overtook Facebook FB +0.4% FacebookCEO Mark Zuckerberg to become the…
Why Nigerians Should Invest In Bitcoin
As the world continues to learn more about investment options, bitcoin has also been making the news among other cryptocurrencies.…
Next Africa: Cocoa’s OPEC Is In Fight With Few Winners
Ivory Coast and Ghana, who together produce about two-thirds of the world’s cocoa, are insisting that traders pay a higher…
Nigeria: Crude In Commercial Quantity Discovered In Benue Trough – NNPC
The Nigerian National Petroleum Corporation on Thursday said the volume of crude oil discovered in Benue Trough was in commercial…
Nigeria: $30 Billion Fuels Import Outlay Present Energy Security Challenges
Industry stakeholders, yesterday, expressed concerns over the state of Nigeria’s petroleum downstream and of other African countries in the face…