Nigeria’s GDP Shrinks By 6.1% In Second Quarter
The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, has presented a report to the Federal Executive Council,…
Stranded NDDC ‘Scholars’ Hold Fresh Protest At Nigerian Embassy In UK
The students said their exclusion may have been to punish them for protesting against the delay in the release of…
Nigeria: NNPC Begins Rehabilitation Of Refineries
The Nigerian National Petroleum Corporation (NNPC) has audited the government’s ailing refineries and mobilised funds and technical resources to restore…
Economy Will Recover In Q1 2021, Says Minister
The Federal Government has predicted that the economy will rebound to positive territory in the first quarter (Q1) of 2021.…
Ethiopian Airlines Resume Flights From New Jersey To Abuja, Lagos
Africa’s largest airline, Ethiopian Airlines, has resumed passenger flights from New Jersey, United States, to Lagos and Abuja. Mr Million…
Survival Strategies Pushing Banks In Nigeria Away From Lending
The economic downturn in Nigeria is forcing the nation’s lenders to rewrite their business plans. A shortage of dollars and…
International Arrivals To Abu Dhabi Must Wear COVID-19 Tracking Device
International passengers arriving at Abu Dhabi airport will now have to wear a tracking device while they complete a mandatory…
Nigeria-Benin: Dangote Mediates Border Fight For Buhari And Talon
While the border between Benin and Nigeria has been closed since August 2019, Nigerian billionaire Aliko Dangote is acting as…
China Is Pushing Its Currency Into Africa Through Fintech Partnerships
On September 9, UnionPay International announced a partnership with Interswitch East Africa, the regional business of the Nigerian-based Interswitch Group. Under the partnership,…
Bank Of England Warns Of ‘Unusually Uncertain’ Outlook, Reveals Negative Rates Under Consideration –
Markets now pricing in negative rates in the UK sooner, strategist says LONDON – The Bank of England on Thursday…
CBN Okays N200b Housing Loan For Low Income Earners
The Central Bank of Nigeria (CBN) has announced N200 billion mortgage finance loan to Family Homes Fund (FHF). The fund…
Ford’s Making Its Electric F-150 A Serious Work Truck In Bid To Set It Apart From Tesla And GM Pickups
DETROIT – Ford Motor plans to differentiate its upcoming all-electric F-150 from expected pickups by Tesla and General Motors by…
Rent The Runway Overhauls Subscription Plan As Pandemic Reshapes Business
Rent the Runway is overhauling its membership plans, doing away with an unlimited rental option, as consumers change what they…
Moderna Says It Will Begin Developing A Vaccine For Seasonal Flu
Biotech firm Moderna said Thursday it will begin developing a vaccine for the influenza season. “We are announcing that we…
CBN Goes Tough, Probes Gaming Companies’ Alleged FX Infraction
Following its earlier decision to place the accounts of some gaming companies under post-no-debit (PND), the Central Bank of Nigeria…
Delta Increases Frequent Flyer-Backed Debt Sale To $9 Billion
Delta Air Lines is raising $9 billion in a massive debt sale backed by its frequent flyer program, the latest…
Amazon Invests In Battery Recycling Firm Started By Former Tesla Executive
Amazon, one of the largest consumers of batteries in the world, is investing in battery recycling start-up Redwood Materials, a…
Why GNC Filed For Bankruptcy Protection Despite Vitamin Sales Boom
For decades GNC has been the one-stop shop for vitamins, muscle-building protein powder packs and practically every variety of weight-loss…
5 Things To Know Before The Stock Market Opens Thursday
1. Wall Street set to drop with tech stocks under continued pressure People walk past a business that is closing…
Moderna Expects To Know If Its Coronavirus Vaccine Works By November, CEO Says
Moderna should have enough data from its late-stage trial to know whether its coronavirus vaccine works in November, CEO Stephane…
Europe On High Alert As Coronavirus Cases Rise And Targeted Lockdowns Return
There are growing concerns in Europe at what is being seen as an alarming rise in coronavirus cases, with the…
Dow Futures Drop More Than 200 Points After Fed Signals No Rate Hikes Until 2023
U.S. stock futures were lower early Thursday morning as traders digested the Federal Reserve’s pledge to keep rates low over…
CDC Director Says Face Masks May Provide More Protection Than Coronavirus Vaccine
Face coverings are “the most powerful public health tool” the nation has against the coronavirus and might even provide better…
Apple’s iOS 14 Brings Big Changes To Your iPhone — Here’s How To Get It
Apple just released iOS 14, its big new software update for iPhones. It offers lots of fresh features, like big…
FG To Create Crime Proceeds Recovery Agency
The Federal Government has approved the Proceeds of Crime Recovery and Management Agency Bill. Attorney General of the Federation and…
OPEC+ Compliance In August Seen At 101% – Two Sources
Compliance with oil production cuts in August among OPEC+ members was seen at around 101%, two OPEC+ sources told Reuters…
African Central Banks May Say They’ve Done What They Can for Now
African central banks meeting in the next two weeks may decide that they’ve done all they can for now to…
Tax-Free Airport Sales To End In January
The UK government is set to end tax-free sales at airports, ports and Eurostar stations from 1 January 2021, in…
The Structural Origins Of Rising Inflation
Headline inflation accelerated for the twelfth successive month in August to 13.22% y/y from 12.82% the previous month. (Our expectation,…