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Business

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…
Mar 24, 2020
Nigeria has marked down the prices of different grades of its crude in an effort to stimulate sales and clear glut after buyers rejected more than 50 cargoes of its…
Netflix has increased its investment in Nigeria’s film industry, Nollywood. The dominant streaming company announced its presence via its newly created Twitter handle, NetflixNaija, while also detailing plans to commission…
Mar 20, 2020
Bentley will stop car production at its British factory from the end of Friday for four weeks over the coronavirus outbreak, one of the final automakers in Britain to announce…
Mar 20, 2020
A glut of unsold, high quality Nigerian crude continues to build up with weak global demand caused by coronavirus and surplus supplies by Saudi Arabia, UAE, Russia and other OPEC…
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…
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