The World Bank has cut its economic growth forecast for sub-Saharan Africa this year to 2.7 percent from an earlier forecast of 3.1 percent, mainly...
Sell-offs in bellwethers – DANGCEM (-2.4%) NIGERIAN BREWERIES (-2.7%) and UNILEVER (-2.2%) weighed on performance at the stock market as the All Share Index (ASI) shed...
Radisson Hospitality will invest in ten new hotels across Africa, the company said on Tuesday, the latest hotel group eyeing expansion on an underdeveloped continent. Global...
Shipments of West African oil to Asia are set to hit a two-month high in October as Chinese refineries scramble for alternatives to Iranian crude before U.S....
British firm has received the nod to commence work on the $2 billion contract to construct the High Grand Falls Dam in Kenya. London-based GBM Engineering...
With oil prices hitting fresh four-year highs of over 85 dollars, long-dormant proposals to allow the United States to sue OPEC nations are getting a...
Investors began the trading week booking profit in STANBIC (-7.6%), GUARANTY (-0.1%) and GUINNESS (-2.4%). Hence, the All Share Index (ASI) fell 17bps to 32,711.65 points, YTD...
In its bid to further ease the process of registering Micro, Small and Medium Enterprises (MSMEs) in the country, Vice President Yemi Osinbajo today, announced the...
President Muhammadu Buhari says his administration is making progress in the fight against corruption as shady oil deals and the brazen theft of billions of Naira...
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N18.12 billion for May 2018, a performance which is relatively higher than the trading...
(Reuters/NAN) Brent crude oil prices hit their highest level since November 2014 on Monday ahead of U.S. sanctions against Iran that kick in next month. Brent...
International Monetary Fund has said in its 2018 financial service survey that mobile money is growing rapidly globally across all regions. According to the IMF, “The...
A new, first-of-its-kind $1 billion World Bank Group program aims to help fast-track investments in battery storage, so it can be deployed affordably and at scale...
Despite profit taking on 3 of 5 trading days this week, the local bourse closed positive as buying interest in fundamentally sound stocks GUARANTY, ZENITH, STANBIC...
Australian banks were accused of putting profits before people and of failing to meet “basic standards of honesty” on Friday, as an official inquiry offered a...