Central Bank of Nigeria Governor Godwin Emefiele on Tuesday said the parallel market – otherwise known as the black market – cannot be used to determine the true value of
Emirates Airlines has launched an industry-first initiative to provide expanded, multi-risk travel cover on top of its current Covid-19 cover. Provided by Emirates at no additional cost to its customers,
The Central Bank of Nigeria left its monetary policy rate unchanged at 11.5% during its last meeting for the year. All other parameters were mantained. The Cash Reserve Ratio was
Oil prices held gains on Tuesday as news of a third promising vaccine candidate spurred hopes of a quick recovery in oil demand, while US President-elect Joe Biden received the
Radisson Hotel Group is proud to announce the signing of Radisson Hotel Abuja Gudu, Nigeria, marking the debut of the group’s third brand in the city. This new addition further
The US is making General Motors recall and repair nearly 6 million big pickup trucks and SUVs equipped with potentially dangerous Takata air bag inflators. The decision announced Monday by
The Bank of Ghana kept its interest rates unchanged at an eight-year low of 14.5% during its November meeting. Governor Ernest Addison said this while addressing the media today in
The IHS Markit Eurozone Manufacturing PMI fell to 53.6 in November 2020, from 54.8 in the previous month but above market consensus of 53.1, a preliminary estimate showed. The latest
FBN Holdings Plc has reported a growth of 31.7 per cent in its profit after tax (PAT) for the nine months ended September 30, 2020, raising the hope of investors
Transcorp Hilton Abuja has been honoured with four awards including Africa’s Leading Business Hotel for the sixth consecutive year at the 27th annual World Travel Awards. The hotel, which is
Guaranty Trust Bank Plc has announced its nine months results for the period ended September 30, 2020. The company posted a profit before tax (PBT) of N167.352 bn ($433m) as
HuffPost has a new owner, with its current parent company Verizon Media reaching an agreement to sell the site to BuzzFeed. The Wall Street Journal broke the news and described
Germany’s largest airline Lufthansa says it’s cargo unit is ready to fly a possible coronavirus vaccine around the world, after two companies announced that early trials show their versions are
South Africa’s Central Bank on Thursday left its benchmark interest rate at 3.5%. While holding a briefing, Governor Lesetja Kganyago said of the five members on the panel, three voted to
Nigeria’s manufacturing sector expanded in November. According to Central Bank of Nigeria’s report, Purchasing Managers Index (PMI) rose to 50.2 points in November from 49.4 points recorded in October. PMI
The president of the European Central Bank hinted that the institution would continue its strategy of easing its monetary policy and support the market with another stimulus package. [bc_video video_id=”6210953805001″
European Fintech start-up Mintos has broken crowdfunding records on Crowdcube by raising €5.3 million from nearly 5000 people in just 24 hours. Mintos a leading alternative investment platform shattered its
US Federal Aviation Administration has cleared Boeing 737 Max to fly again after 20 months and a pair of deadly crashes. The nation’s air safety agency announced the move on
The effects of the Covid-19 pandemic on banking systems around the world will last for some time. For Africa, six countries namely Nigeria, Tunisia, Kenya, South Africa, Morocco and Egypt
British airline EasyJet has posted its first full-year loss in its 25-year history as a result of the coronavirus pandemic but laid out hope that the rollout of vaccines will
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