Category: Business

Dollar Naira 0

Naira Trades At N364 Against Dollar

The Naira on Wednesday depreciated marginally against the dollar at the investors’ window, trading at N364, weaker than N363.72 posted on Tuesday. Market turnover stood at 264.04 million dollars, while it traded at N306.35...

Africa AfDB 0

Don’t Ignore Africa, AfDB Warns

African Development Bank (AfDB) has warned that Africa cannot be ignored in the world, given the size of its markets, growth, and huge potential across multiple sectors. Dr. Akinwumi Adesina, President of AfDB, delivered...

Skye Bank NSE 0

Skye Bank License Revocation : Nigerians React

Financial experts and shareholders on Saturday expressed mixed reactions over the decision of the Central Bank of Nigeria (CBN) to revoke the licence of Skye Bank. The stakeholders expressed their views in separate interviews...

Skye Bank NSE 0

NSE Says No Trading In Skye Bank Shares From Monday

The Nigerian Stock Exchange (NSE) on Friday officially notified the investing public that Skye Bank Plc shares would be suspended from trading on Sept. 24. The exchange gave the notice in Lagos in a...

Skye Bank Polaris Bank 0

Skye Bank Dead, Polaris Bank Takes Over

Polaris Bank has taken over the assets and liabilities of Skye Bank, the Central Bank of Nigeria said today. Consequently, the CBN has revoked the operating licence of Skye Bank Plc with immediate effect....

AfDB 0

AfDB Takes Continent To Canada

African Development Bank has asked Canadian investors to pour into the continent, seizing advantage of numerous investment opportunities; advising also that it is time to “change the lens through which Africa is perceived’’. Dr....

Jack Ma Alibaba Trade War China 0

Trump Scuppers One Million Alibaba Jobs In US

Alibaba founder Jack Ma said his ambitious pledge to create one million jobs in the US had been scuppered by the trade row between Beijing and Washington, Chinese state news reported Thursday. The billionaire...

Marine Premiums 0

World’s Marine Premiums Hit $28.5b

  Global marine premiums were $28.5 billion in 2017, up by two per cent from 2016, the International Union of Marine Insurance (IUMI) has reported. In its annual statistical report on the marine insurance...

Nigeria HSBC 0

Nigeria Blasts HSBC Over Bleak Buhari Prophecy

The Nigerian government has slammed a caveat on the prophecy by the global banking giant HSBC which predicted that the second term of President Muhammadu Buhari would stunt the economy. Dismissing the bank’s bleak...

Crude Oil 0

BP, Vitol Clash Over Nigerian Crude Oil

Oil major BP has clashed with rival Vitol in the Nigerian crude market, buying up cargoes and taking a big derivative position that may have raised costs for European refiners, according to Reuters. New...

Chinese Companies,tariffs 0

Chinese Companies Relocate To Dodge Trump’s Tariffs

A growing number of Chinese companies are adopting a crafty way to evade US President Donald Trump’s tariffs: remove the “Made in China” label by shifting production to countries such as Vietnam, Serbia and...

Beekeeping ,Economy,Bee 0

How Bee Keeping Can Grow Economy

  Image result for Honey Bee NestAgricultural scientists observe that apiculture — scientific rearing of honey bees — can contribute tremendous amount in value to the economy of any nation that harnesses the potential...

Jack Ma,Alibaba 0

Jack Ma Finally Sets Date To Quit Alibaba

Jack Ma, the co-founder of China’s largest e-commerce firm Alibaba Group Holding Ltd, will step down as chairman in exactly one year on Sept. 10, 2019, the company said. Current Alibaba Chief Executive Daniel...