CBN says Nigeria will save $20b from food import ban
The implementation of the ‘no forex for food import’ directive could save $20 billion for the economy, a Central Bank of Nigeria (CBN) data has shown. President Muhammadu Buhari on…
The implementation of the ‘no forex for food import’ directive could save $20 billion for the economy, a Central Bank of Nigeria (CBN) data has shown. President Muhammadu Buhari on…
Oil prices slumped on Wednesday on weak economic data from China and Europe and a rise in United States (U.S.) crude inventories, almost erasing the previous session’s sharp gains after…
Oil prices rallied on Tuesday following reports that the U.S has decided to delay the next round of tariffs that were to be imposed on Chinese goods. The delay gives…
The global slowdown, reinforced by Chinese industrial output expanding at its lowest rates in 17 years in July, has broadly impacted the euro zone, where corresponding data showed second quarter…
Google’s widget drew 120 million user clicks in June in the United States alone, about double from August 2017 Google’s fast-growing tool for searching job listings has been a boon…
The Nigerian naira weakened to 364 per dollar on Friday, from a quote of 363.50 the previous day as falling oil prices tightened liquidity on the currency market, traders said.…
Africa’s largest oil refinery will not be finished until the end of 2020 due to problems importing steel and other equipment, executives at Dangote, which is building the facility in…
MTN Group on Thursday, said it posted an encouraging set of results for the six months ended 30 June 2019 in the context of difficult trading conditions across its major…
Momentum in German exports slowed in the first half of 2019 and abruptly reversed in June, data showed on Friday, adding to signs of broad-based weakness in an economy increasingly…
Health, Education, agriculture and other sectors are beneficiaries of the more than $11 billion net commitment to Nigeria by the World Bank over the years. World Bank Group’s Country Director…