Business

The International Monetary Fund, (IMF) advises Governments to step up public investments to boost their economies after the massive shock from the Coronavirus pandemic. Invesco’s David Chao says that Economies in Asia are set to benefit as China shows a strong rebound from the Coronavirus pandemic. Odeon to cut its opening […]

Ex-Audi boss Rupert Stadler stands trial over ‘dieselgate’ scandal in Germany Royal Dutch Shell to cut up to 9,000 jobs as oil demand slumps Bank economist says, ‘Chicken Licken’ views will hold us back. British beef exports to US resume after more than 20 years ban. Material scientists from NUST MISIS […]

LVMH and Tiffany saga: LVMH now describes the New York jeweller as a “mismanaged” company with “dismal” prospects. The Nigerian National Petroleum Corporation, (NNPC) paid itself N1.53 trillion as subsidy on petrol, in three years and six months according to series of documents obtained from the corporation. Bankers’ Institute re-Certifies […]

UK betting giant William Hill experiences a bid battle after it received two rival takeover approaches. The world’s biggest motorcycle market, Harley-Davidson pulling out of India. Chandler Guo says “One day everyone will use China’s digital currency”. Zhong Shanshan who is the founder Nongfu Spring becomes China’s new richest person. […]

Central Bank of Nigeria cuts the Monetary Policy Rate (MPR) to 11.5%.  The Nigerian Stock Exchange (NSE) records N28.8 billion gain showing a positive performance with the All-Share Index advancing from 31bps to 25,654.90 points. Fresh concerns arise over contract secrecy in Nigeria’s oil and gas sector.  The Nigerian Maritime […]

Federal Government mandates all account holders in financial institutions to re-register despite BVN.  Electricity consumers to pay N417.09bn in 4 months from September to December.  The Nigerian Electricity Regulatory Commission says the outstanding electricity bills of landlords cannot be forced on new tenants.  The Nigerian National Petroleum Corporation (NNPC) states […]