Nigeria’s federal government has expressed optimism that the implementation of the Finance Act, 2020 and Strategic Revenue Growth Initiative (SRGI) will stimulate the economic recovery process through initiatives capable of

The Organisation of Petroleum Exporting Countries (OPEC), projected Thursday that world oil demand in 2021 will rebound more slowly than previously thought but added that it will pick up in

Miami Mayor Francis Suarez proposed paying municipal workers and collecting taxes in Bitcoin, expanding a campaign to promote cryptocurrencies. The mayor wants to allow the City of Miami’s workers to

The Radisson Blu Anchorage Hotel Lagos plans a romantic crowning moment for guests looking for creative ways of expressing affection and appreciation towards each other this Valentine season. The Victoria

The Nigerian Senate has summoned the Governor of the Central Bank of Nigeria, Godwin Emefiele and the Director-General of the Security and Exchange Commission, Lamido Yuguda over the CBN’s order restraining banks and financial

PepsiCo on Thursday reported fourth-quarter earnings that topped estimates, fuelled by pandemic snacking and higher sales of drinks like Gatorade Zero and Bubly sparkling water. On the heels of the

Mastercard Incorporated has said it will offer support for customers and begin to accept cryptocurrencies on its network in 2021 as it prepares for “the future of crypto and payments”.

Uber, the ride hailing app based taxi posted a loss of about 6.8 billion dollars last year. This is better than the $8.5 billion it lost in 2019. The company

Germany’s Commerzbank said on Thursday its net loss deepened to $3.3 billion in the fourth quarter, as the lender undergoes a major restructuring and deals with the fallout of the

The United States has sold more than a million barrels of Iranian fuel seized under its sanctions programme last year, a Department of Justice official said, as another ship with

The Senate has confirmed the reappointment of Ahmed Kuru as the managing director of Asset Management Corporation of Nigeria (AMCON) for a second term in office. President Muhammadu Buhari had in

Twitter has posted record revenues for the last quarter of 2020, capping off what its chief executive said was “an extraordinary year” for the platform. The social messaging platform said

Heineken is to cut 8,000 jobs and seek €2bn of savings over two years as new chief executive Dolf van den Brink reshapes the world’s second-largest brewer in a pandemic

Japan’s Toyota Motor Corp on Wednesday reported a bigger-than-expected 54% jump in third-quarter profit and jacked up its full-year earnings forecast, boosted by a rebound in demand for cars as

Japan’s No. 3 automaker Nissan Motor Co on Tuesday trimmed its loss forecast for the current financial year by more than a third as the automaker benefited from a rebound

China’s smartphone shipments nearly doubled in January 2021 versus a year ago, government data published on Tuesday showed, rebounding from a coronavirus-induced slump in the beginning of last year. Shipments

Oil prices edged up to their highest in 13 months on Tuesday as supply cuts by major producers and optimism over fuel demand recovery support energy markets. Brent crude futures

The International Monetary Fund has stressed the need for Nigeria’s federal government to intensify revenue mobilisation in order to reduce fiscal sustainability risks. It also advised the federal government to

Analysts on Monday predicted a faster economic recovery for Nigeria as crude oil prices, at $60 per barrel, hit a new high since February 2020. The analysts, however, urged the