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Business

Mar 19, 2020
While there is a lot of uncertainty around the economic impact of the novel coronavirus 2019 (COVID-19) outbreak, one thing that is certain is that it will change the way…
Mar 19, 2020
Walmart-owned Massmart announced on Thursday in a notice to shareholders that 23 Dion Wired stores will stop trading from today. It will still decide whether it will close 11 non-performing…
The Federal Executive Council (FEC) on Wednesday approved a N1.5 trillion cut from this year’s budget, Finance, Budget and National Planning Minister Mrs. Zainab Ahmed, told reporters after the FEC…
Mar 18, 2020
Amazon.com Inc said it would hire 100,000 warehouse and delivery workers in the United States to deal with a surge in online orders, as many consumers have turned to the…
Mar 17, 2020
The Nigerian Electricity Regulatory Commission (NERC) has declared that the accumulated bill of the power supplied by Nigeria to its West African neighbours – Benin, Togo and Niger – between…
Nigeria’s annual inflation rose to 12.20% in February, making it the sixth month in a row the figure would escalate, the National Bureau of Statistics declared on Tuesday.   The…
Mar 16, 2020
The increasing cost of labour and electricity is an increasing challenge for the manufacturing sector in South Africa. The demand for opportunities to learn from best international practice in order…
Mar 16, 2020
The Sovereign Fund of Angola has invested US$2.0 billion on a 4.8% stake in the Pensana Rare Earths mining company, which is involved in a rare earth project Longonjo, Huambo…
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…
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