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Business

Feb 19, 2019
Nigeria’s foreign reserve has declined to $42.86 billion, the lowest in two months, data obtained from the Central Bank of Nigeria, CBN, showed on Sunday.   The nation’s reserve stood…
Feb 18, 2019
Indian Oil Corp, the country’s top refiner, has signed its first annual deal to buy U.S. oil, paying about 1.5 billion dollars for 60,000 barrels a day in the year…
Feb 18, 2019
Zimbabwe's government has shelved plans to fully join the Africa Continental Free Trade Area (ACFTA) so that it could find space to stabilise local industry which is struggling to produce…
Feb 17, 2019
South Africa Mining Minister Gwede Mantashe last week reiterated his intentions to push ahead with efforts to determine whether there would be mining at Xolobeni in the Wild Coast region…
Nigeria’s inflation dropped by 0.07 percent in January 2019, the National Bureau of Statistics reports.   According to the NBS, the consumer price index, (CPI) which measured inflation increased by…
Feb 15, 2019
Twenty two stocks witnessed an increase in their prices on Thursday on the floor of the Nigerian Stock Exchange, leading to a rebound in the market, with investors gaining N14.83…
Feb 14, 2019
Nigeria’s crude oil production including condensate has taken a dip, falling to 1.999 million barrels per day in January from 2.081 million bpd in December, figures from the Ministry of…
Feb 14, 2019
Zimbabwean gold miner RioZim said it had suspended production at its three mines for the second time in four months because the central bank had failed to pay it in…
Feb 13, 2019
A multimillion-rand tender with the City of Johannesburg (COJ) – that had the potential to be one of the good stories of government’s vision to empower black women – has…
Feb 13, 2019
Nigeria’s Gross Domestic Product, GDP grew by 2.38 percent in the fourth quarter of 2018.   However, the Real GDP growth posted 5.31 per cent on a quarter-on-quarter basis, with…
Feb 13, 2019
Nigeria lost a total of N11.08 trillion in 2018 to the activities of oil thieves and illegal refining, the Nigerian Navy said on Tuesday.   According to the Navy, which…
Feb 12, 2019
The Nigerian Maritime Administration and Safety Agency, NIMASA, has said it detained a Liquefied Petroleum Gas vessel, MT Navigator Capricorn, for contravening sections of the country’s cabotage Act as part…
Feb 12, 2019
Oil prices fell by around 1 per cent on Monday as drilling activity in the United States, the world’s largest oil producer, picked up and financial markets were pulled down…
Feb 11, 2019
Asian shares barely moved on Monday as investors were unable to shake worries about global growth, U.S. politics and the Sino-U.S. trade war.   This worries kept the safe haven…
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