Business

The sale of used clothing is a billion-dollar global industry. According to some estimates, almost 70% of garments that are donated globally end up on the African continent. This happens…
Apr 20, 2020
The 35-day lockdown period to curb the spread of the Covid-19 coronavirus, will have a major impact on the 525,000 small, medium and micro-sized enterprises (SMMEs) in South Africa, putting…
Apr 16, 2020
Africa is expected to reverse an economic contraction linked to the coronavirus crisis next year after containment measures are eased, the International Monetary Fund said, but the impact will be…
Apr 15, 2020
A surplus of Nigerian crude weighed on the international oil market on Tuesday with lower demand from China than in the past couple of weeks. Nigeria consented to slash daily…
Apr 13, 2020
There is a massive possibility that 82% of corporate organisations in Nigeria will have their revenues contract in the wake of the coronavirus outbreak. Data gleaned from a new global…
Nigeria is set to peg its daily oil output at 1.412 Million barrels per day from the average 1.87mbd. The production cut will take effect from May-June 2019. Petroleum Minister,…
Apr 11, 2020
Nigeria has allied itself with the Organisation of Petroleum Exporting Countries (OPEC) to reduce global crude oil production by 10 million barrels per day (bpd) between May and June 2020,…
Apr 09, 2020
The coronavirus and its economic consequences have caused economic tsunamis in every country in the world. The scale of the onslaught will dominate discussions at the International Monetary Fund (IMF)/World…
Apr 08, 2020
The suspension of the subsidy regime on petroleum products announced by the Nigerian National Petroleum Corporation (NNPC) two days ago would not be seamlessly implemented except the Nigerian Government refrained…
Apr 06, 2020
Judge Sloss once explained, "A thing is impossible in legal contemplation when it is not practicable; and a thing is impracticable when it can only be done at excessive and…
Apr 06, 2020
Dangote Cement Plc, says it plans to raise up to N100 billion in fresh funds from the bond market, under its N300 billion Debt Issuance Programme.   The plan seeking…
Mar 27, 2020
Every Tuesday, Alemondji market in northern Togo swarms with people. Amid the throng, Burkinabe and Ghanaian traders offer clothes and kitchen utensils for sale. Others, calling out their wares, come…
Mar 24, 2020
Statistics released on Sunday by the Nigerian National Petroleum Corporation (NNPC) reflects that it sold around 21.51 billion litres of petrol estimated at N2.64 trillion, indicating the aggravating pressure of…
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