Browsing Category
Business
GDP: IMF ranks Nigeria 1st in Africa, 26th in the world
Nigeria stands as the number one country in Africa in the International Monetary Fund (IMF) 2020 World Economic Outlook’s ratings of countries.
According to the News Agency of Nigeria (NAN), using countries’ GDPs, IMF ranked…
American Airlines to resume Boeing 737 MAX flights
American Airlines passengers are set to fly Tuesday on the first US commercial flight on a Boeing 737 MAX since the aircraft was allowed to return to service after a nearly two-year absence.
The top-selling aircraft has been…
EU, Britain seal post-Brexit trade deal
The European Union and Britain on Thursday struck a post-Brexit trade deal to cushion the economic blow of the UK’s imminent departure from the single market after 10 months of tortuous negotiations.
“A deal is done,” British…
China suspends UK flights over new COVID-19 strain
China on Thursday suspended flights to and from Britain after it reported a new, more infectious strain of the coronavirus.
China has largely curbed the spread of Covid-19 within its borders, but authorities remain highly…
Nigeria launches inaugural direct flight into Jamaica
Nigeria on Monday had an inaugural direct flight from the country into Jamaica.
Spokesman for the Ministry of Foreign Affairs, Ferdinand Nwonye, made this known in a statement on Tuesday titled, ‘Nigeria and Jamaica Launch…
NBS: Food prices rising, household incomes precarious
The National Bureau of Statistics (NBS) says the prices of most food items increased in November this year, while the incomes for many households are still in precarious situations.
The NBS, in its Selected Food Prices Watch…
CBN revokes 42 microfinance banks’ operating licences
The operating licences of no fewer than 42 Micro-Finance banks have been revoked by the Central Bank of Nigeria (CBN).
The Nigeria Deposit Insurance Corporation disclosed this on Friday in an announcement on its website titled…
Borno Gov disburses N32 million to 704 SMEs
Borno State Governor, Prof. Babagana Zulum on Sunday disbursed N32 million cash to 704 Small and Medium Entrepreneurs in the state.
This brings the amount disbursed by the governor to boost small businesses to stimulate the local…
CBN orders closure of naira accounts of money transfer operators
The Central Bank of Nigeria on Friday directed Deposit Money Banks to close the naira accounts of International Money Transfer Operators.
The CBN issued the directive in a circular tilted ‘Receipt of diaspora remittances:…
US wants WTO race reopened… BBC report
The United States (US) has suggested that the process to find a new Director-General of the World Trade Organisation (WTO) needs to be reopened, BBC reports.
Donald Trump’s trade representative Robert Lighthizer told the BBC…