Oil prices rose on Friday but pulled back sharply from early highs on concerns that continued spread of the novel coronavirus could stall the United States’...
Dangote Cement PLC, One of the companies owned by Africa’s richest man, Aliko Dangote, has sacked not less than 3,000 of its workers. One of the workers...
Federal government late hour substitution Dr. Okonjo-Iweala for an earlier candidate has disqualified her from taking a short at the Director General World Trade Organisation as...
The Central Bank of Nigeria (CBN) has unveiled plans to release a framework for the integration of non-interest window in all its intervention programmes, particularly the...
A webinar hosted by Africa Initiative for Governance (AIG), a not-for-profit founded to inspire the transformation of Africa’s public sector in collaboration with the Blavatnik School...
The All-Share index declined 16bps to close at 24,933.41 points due to sell-offs in NIGERIAN BREWERIES (-9.5%), ACCESS (-0.7%) and JAIZBANK (-9.0%). As a result, market capitalisation declined ₦20.6bn to settle at ₦13.0tn while...
Nigerian Ports Authority (NPA), Management has inaugurated a 11-member Emergency Response Team for strategic and immediate response to emergencies at the authorities headquarters and port locations....
Naira opened weaker at N385 per dollar for the second day in a row, but it recovered to N361 on the official market after two trades,...
The Egyptian Ministry of Petroleum and Mineral Resources said the country has found a new oil field in the shallow waters of Geisum concession south of...
Annual inflation in Nigeria rose for the ninth straight month in May, lifted by higher food and drug prices, National Bureau of Statistics has said as...
Nigeria will seek to unify its multiple exchange rate regime to generate more local currency from its dollar inflows and manage the rate in a sustainable...
The benchmark index appreciated 17bps to close at 24,972.82 points as investors cherry-picked bellwethers including NESTLE (+10.0%), ACCESS (+1.5%) and FLOURMILL (+4.4%). As a result, market capitalisation increased by ₦21.9bn to settle at ₦13.0tn while YTD...
United States Export Import Bank officials say they are looking at relief measures and opportunities for healthcare engagement in Africa. A virtual report meeting of the...
German government says it has assume premium payments of around EUR 19 million for the drought insurance offered by the African Risk Capacity (ARC) in response...
The Banker, a Financial Times publication that examine Top 1000 World Banks ranking has said that in 2019, the Africa continent’s banking industry accounted for less...