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Business

For three years, U.S. President Donald Trump touted a stunning run-up in the stock market as evidence of his success in the White House. In the space of three weeks…
Mar 14, 2020
Bill Gates, the world’s second-richest man with a net worth of $106.7 billion, has stepped down from his executive role at Microsoft after 45 years of building firm. According to…
Mar 12, 2020
Africa’s richest man, Aliko Dangote has reportedly suffered a huge loss of N240 billion in five hours due to coronavirus on Wednesday March 11, 2020. The ‘Dangote Group’ suffered huge…
Mar 12, 2020
The nation’s spending on importation of petrol plummeted to N1.713 trillion in 2019, data released by the National Bureau of Statistics (NBS) on Tuesday have shown. The 2019 figure signals a 42%…
Mar 12, 2020
Panic selling on a large scale not only caused the market capitalisation of the Nigerian equity market to go slimmer today, setting in motion a total loss of N1.081 trillion…
Mar 10, 2020
The Ministry of Industry, Trade and Investment in conjunction with the National Automotive Design and Development Council (NADDC) has commissioned has commissioned $1 billion (about N360 billion) worth of locally…
Mar 10, 2020
A few weeks ago, I had the opportunity to be part of a mentoring session with a Founder Institute cohort at the Stanbic Bank Incubator in Accra. It was good,…
Nigeria may be heading for its second recession in nearly four years after crude oil prices crashed to $30 per barrel in the international market.   The fresh meltdown in…
Mar 09, 2020
Dangote Industries Limited on Sunday promised that its ongoing subsea gas pipeline project would on completion, cut the amount of flared gas in the country considerably while delivering gas supply…
Mar 09, 2020
Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to unleash its pent-up supply…
Mar 09, 2020
Yetunde Oluyide has run a gift shop in bustling Lagos for nearly a decade, but with coronavirus curtailing imports of Chinese goods, she is losing more than 2 million naira…
Nigeria’s former Minister of Finance, Dr. Ngozi Okonjo-Iweala has been consulted by the South Africa’s government to help rescue the nation out of recession. South Africa is currently experiencing economic…
Nigeria overtakes South Africa as Africa’s biggest economy. As if a recession wasn’t enough bad news for South Africa, it’s now confirmed as the continent’s second-largest economy. The answer to…
Mar 04, 2020
In what seemed like the blink of an eye, Mozambique’s known natural gas reserves spiked from nearly nothing to over 165 tcf, placing it as the continent’s third biggest reserve…
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