businesspick

Head of the International Monetary Fund (IMF), Kristalina Georgieva, has said the world’s economy is in for a tougher year as it projects one-third of the globe sliding into recession. …

This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was marked by a new war, record inflation and climate-linked disasters. It …

Tanzania on Tuesday signed a $2.2-billion contract with a Chinese company to build the final section of a railway line aimed at linking the country’s main port with its neighbours. …

US officials announced Tuesday a $3.7 billion settlement with Wells Fargo over an array of “illegal activity” that burdened customers with wrongful home foreclosures and other problems. Wells Fargo will …

The Central Bank of Nigeria (CBN) has countered claims that its new policy limiting cash withdrawals is targeted at point-of-sales (PoS) agents in particular. Though the apex bank, on December …

Taiwan’s premier on Sunday accused China of violating international trade rules and “discriminating” against the island after it halted more Taiwanese imports. According to Taiwan’s finance ministry, Chinese customs authorities …

When Barack Obama welcomed African leaders to Washington in 2014, many viewed the summit as historic, not just due to the US president’s background but for the pledges to make …

Vice President Yemi Osinbajo, SAN, has said that participating in the carbon market would not only offer Nigeria and Africa the opportunity for growth, industrialization and job creation for its …

The Senate has raised concerns about the latest Central Bank of Nigeria (CBN) policy on cash withdrawals. Senate Minority Leader Phillip Aduda in a point of order during plenary on …

The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMOs) and other financial institutions to ensure that weekly over-the-counter (OTC) cash withdrawals by individuals and corporate entities do …