The House of Representatives committee on Maritime is investigating 12 foreign shipping firms’ local agents accused of diverting $300 million federal government fees for their own use. Some...
Borrowing by low and middle-income economies from external official and private creditors surged to $607 billion in 2017 from $181 billion the previous year, the highest...
Federal Government is muting the idea of setting up another Peoples Bank. This time it is to boost Small and Medium Scale Enterprises(SMEs). Vice President Yemi...
Ghana will seek to raise as much as $750 million through a sale of shares in a fund that will hold the West African nation’s stakes...
General Electric said it has divested from transportation and handed over the leadership of a consortium chosen to run a Nigerian rail concession to South Africa’s...
The downtrend in the domestic equities market was sustained in today’s session as the benchmark index slid 0.8% to settle at 32,108.92 points while YTD loss...
Red Star Express has received a new chairman to head its Board of Directors. This became necessary as the incumbent chairman, Dr Mohammed Koguna retired from...
A probe by the Senate into whether NNPC improperly withdrew money has expanded with the amount under investigation doubling to over $2.2 billion, a Senate committee...
Technology giant, Apple, has won an international award for making details of its supply chains public in a bid to boost transparency and help end modern...
The Central Bank of Nigeria (CBN) has warned that electronic fraud losses in the banking system would reach N6.1 trillion by 2021. Mr Sunday Salam-Alada, Director,...
The African Export-Import Bank (Afreximbank) has launched a project preparation facility aimed at increasing the availability of viable well-prepared projects in Africa and at making such...
Nigeria’s Main One Cable Co took responsibility for a glitch that temporarily caused some Google global traffic to be misrouted through China, saying it accidentally caused...
Plans by South Africa’s ruling African National Congress (ANC) to change the constitution to allow the expropriation of land without compensation have unnerved investors, a senior...
The just-concluded Africa Investment Forum successfully convened key stakeholders and provided a platform for effective dialogue to drive investments into the continent. Running on the margins...
Brent crude Oil prices has slipped on rising supply and weakening demand. This however is not cheering news for oil exporters such as Nigeria which depends on...