AfDB, Asian Bank, others worsen poor nations’ debt problem – World Bank
World Bank has alleged that African Development Bank (AfDB), Asian Development Bank, and the European Bank for Reconstruction and Development worsen the debt burden of Nigeria and other countries.
Canada invites fresh 3,500 candidates to apply for Permanent Residence
The Canadian Government has issued fresh 3,500 invitations to Express Entry candidates to apply for permanent residence in a draw held on the 5th of February 2020.
IMF moves to replace first Deputy MD, David Lipton
The MD of IMF, Kristalina Georgieva has announced that the Fund's first Deputy MD, David Lipton would step down at the end of February.
US tasked to buy stakes in Nokia, Ericsson to battle Huawei
The United States of America has been told to buy controlling stakes in European companies, Nokia and Ericsson to compete with Huawei.
US Speaker, Pelosi, Atiku frown at Trump’s travel ban placed on Nigerians
President Donald Trump has included Nigeria into a six-country ban list due to failure to meet required security standard.
US to stop issuing visa for Birth Tourism
The United States of America (USA) has announced its new visa rules which are aimed at restricting birth tourism in the country.
South African Airways to cancel more foreign routes, as revenue loss bites
South African Airways is cancelling some routes, including flights to neighbouring countries where it has grossed poor revenue in the past years.
Trump may extend travel ban to Nigeria, Tanzania, Belarus, others
President Donald Trump may consider his travel ban to Nigeria, Burma, Belarus, Eritrea, Kyrgyzstan, Sudan and Tanzania. A source in the White House disclosed.
Ethiopia to build largest airport in Africa
Ethiopian government wants to build an airport which will further establish the dominance of its aviation sector in the continent.
Canada invites 85,300 candidates for permanent residency in 2019
The government of Canada invited 85,300 candidates to apply for Canadian Permanent Residency in 2019.
Crude oil prices continue to rise on the backdrop of US-Iran tension
Global oil prices have been on the increase ever since the killing of the top Iranian army Commander, Qasem Soleimani in Bagdad last Thursday.
Global oil prices hit $69.16 after US airstrike
Global oil prices on Friday hit $69.16 per barrel, as the US killed top Iranian general to brew fears of conflict in the oil-rich Middle East.
Why World’s strongest currency may stall in 2020
Analysts fear the Canadian dollar, which was the best-performing major currency in 2019, has been projected to lose steam.
PZ Cussons’ low H1 profit blamed on under-performance in major markets
The profit of global consumer goods maker, PZ Cussons Plc, has continued to be negatively affected by lower sales in its Nigeria market and elsewhere.
MTN’s parent company faults regulator’s recommendation for data price reduction
South Africa’s Competition Commission released a report which observed that the cost of data in the country has become too high.
Ford turns McDonald’s coffee waste to headlamps’ cases, other parts
Ford is set to combat climate change as it recycles old coffee waste sourced from McDonald’s into auto parts.
Rwanda set to launch first-of-its-kind Green City worth $4.5 billion
A Green City worth $4.5 billion is set to be launched in Rwanda. The city, which will be the first in Africa, is expected to be built next year.
Canada invites 7,200 Candidates to apply for Permanent Residency in its November draws
Canada invites 7,200 Candidates to apply for Permanent Residency in its November draws
Inside the world’s largest $112.2 billion shipbuilding firm
The world’s largest shipbuilding group, valued at the sum of $112.2 billion, has been inaugurated in China.
Money laundering scandal has cost this bank CEO his job
Brian Hartzer, CEO of Westpac, has been asked to step down on December 2nd, 2019, over issues regarding a money-laundering scandal.
Trade conflict between United States, China continues to affect oil prices
There was a decline in U.S Oil prices today, pressured by the trade conflict between the United States and China.
India to discourage palm oil imports through heavy fines
India has also started using stiff measures to combat the importation of palm oil into the country.
Global Markets: U.S Fed delivers another rate cut
In line with broad market expectations, the U.S Federal Reserve cut interest rates by 25 basis points to a range of 1.5% to 1.75%.
Canada invites 71,700 Express Entry Candidates, as cut-off score rise in October
The Government of Canada invited 3,900 Express Entry candidates to apply for permanent residence in a new draw held October 30.
Nigerian gets top United Nations appointment
The UN Secretary-General has appointed Damilola Ogunbiyi as his special representative for Sustainable Energy for All and Co-Chair of United Nations-Energy.
UPDATE: NNPC is set to work with Russia’s Lukoil
The NNPC has signed MoU with Russia’s Lukoil, which happens to be one of Russia’s largest energy companies.
In Sochi, Vladimir Putin has proposed a “unique” economic assistance to Africa
Some 50 African Presidents (including Nigeria’s Muhammadu Buhari) are in Russia to meet with Putin in what is being called the Russia-Africa Summit.
CBN clears air on Diaspora Remittances, official inflows $2.6bn not $26bn
The Central Bank of Nigeria (CBN) has disclosed that the official inflows of the remittances of Nigerians living abroad to the country was $2.6 billion and not $26 billion
UN Staff risk unpaid salaries as Nigeria, others fail to pay dues
Staffs of the United Nations (UN) might not get paid next month due to the failure of member states to pay their outstanding contributions.
World Bank tasks developing nations to tap opportunities in GVCs
The World Bank has tasked developing nations to explore the potentials buried in Global Value Chains (GVC) and be self-reliant.