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.
IMF boss expresses fear over global economy
The MD of IMF, Kristalina Georgieva has issued a warning that the global economy would witness a synchronized slowdown in growth.
HSBC to sack 10,000 more staff globally
HSBC Bank Plc has decided to kick an extra 10,000 staff members out of their jobs.
Poor African demand pulls Indian rice price
The prices of Indian rice have dropped due to the poor demand for the commodity from Africa.
Behold! World largest airport terminal
Chinese president, Xi Jinping, has commissioned another international airport in Beijing with a terminal billed as the world’s biggest.
IMF boss discloses immediate priority
International Monetary Fund (IMF) has disclosed that its immediate priority is to help countries to minimise their risk of economic crises.
Nigeria to get €150 million from EU
In order to help Nigeria combat her climate challenges, the EU has promised to support the country with not less than €150 million.
Application for Canadian Permanent Residency hits 63,400
The Canadian Government invited 3,600 Express Entry candidates to apply for Canadian permanent residence.
China promises to help Nigeria achieve Economic Growth plan
China has drummed support for Nigeria and promised to help the country actualise its Economic Recovery and Growth Plan (ERGP).
Why Warren Buffet’s $4.6m lunch with Bitcoin entrepreneur is experiencing delay
Year in, Year out, Warren Buffet auctions off a three-hour lunch date tagged The Power Meal.
IMF replaces Lagarde, gets new Managing Director
The International Monetary Fund (IMF) has selected a new managing director following the stepping down of Christine Lagarde.
World Bank, IFC to assist in solving Nigeria’s infrastructure deficit
The World Bank has reiterated its promise to support Nigeria in bridging infrastructure gap alongside the IFC.
Why Nigeria should start taxing vacant houses – UN
The United Nations (UN) has advised the Nigerian Government to start taxing vacant houses in the country.