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Business

Jan 15, 2020
China trade with BRI nations grew by 10% in 2019 China’s trade with countries participating in the Belt and Road Initiative (BRI) posted robust growth in 2019, revealing the resilience…
Jan 14, 2020
I am not setting targets this year like I used to. It doesn’t work for me like I want it to. Either I achieve them too early and then I…
Dangote Group is said to be targeting a turnover of $30 billion for its businesses in the next two years. Speaking with the media, weekend, Aliko Dangote, owner of the…
Jan 14, 2020
A Nigerian oil company Lekoil may have been swindled after handing over $600,000 to a consultancy which had promised to help arrange a loan from the Qatari Investment Authority. It…
Jan 13, 2020
The Federal Government (FG) posted a deficit of N3.73 trillion in its crude oil revenue between January and December 2019, a report from the Central Bank of Nigeria (CBN) has revealed. Data…
Jan 13, 2020
The market capitalisation of the Nigerian Stock Exchange (NSE) rose N2.22 trillion or 17.10 percent in seven trading sessions with the market maintaining an upward trend since the beginning of…
Jan 13, 2020
South Africa’s Massmart Holdings, majority owned by U.S. retail giant Walmart , said on Monday it was in consultations with unions and other stakeholders to close up to 34 stores,…
Jan 11, 2020
The Nigerian Ports Authority (NPA) has said that it hoped to see more cargoes moving down to the Eastern ports this year. The General Manager Corporate and Strategic Communications of…
Jan 11, 2020
The Johannesburg-listed shares of MTN Group rose more than 5% on Friday after the announcement that Nigeria’s Attorney General and Justice Minister, Abubakar Malami has withdrawn a $2billion tax demand.…
Jan 10, 2020
Egypt plans to start trading on its first commodities exchange within the next 36 to 48 weeks, Internal Trade Development Authority (ITDA) head Ibrahim Ashmawy said on Thursday. The country's…
Jan 10, 2020
The Nigerian Ports Authority (NPA) says 23 ships laden with petroleum products, food items and other goods have arrived Tincan Island Port, Lagos and are waiting to berth. NPA made…
Jan 08, 2020
Oil rose sharply, with U.S. crude rising nearly $3, on Wednesday after the U.S. said its forces in Iraq were attacked by Iranian ballistic missiles, raising the prospect of a…
Jan 08, 2020
Russian state lender VTB has filed a lawsuit in Britain’s High Court against a Mozambican government company it lent hefty sums to as part of a project now at the…
Jan 07, 2020
Oil prices rose by over one per cent on Monday as escalation in the tension between Tehran and Washington, following the assassination of top Iranian commander last Friday, lifted the…
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