Business

Trade War: Russia Bans Oil Export To Ukraine
Business

Trade War: Russia Bans Oil Export To Ukraine

Russia bans oil export to Ukraine Russian Prime Minister, Dmitry Medvedev, on Thursday said Russia has banned exports of oil and petroleum products to Ukraine, as well as certain Ukrainian imports. Relations between the former Soviet neighbours have been at an all-time low since Russia’s 2014 annexation of Ukraine’s Crimea region in retaliation for Kiev […]

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Swiss bank seizes private jet, houses belonging to Nigerian Young oil billionaire over $3m debt
Business

Swiss bank seizes private jet, houses belonging to Nigerian Young oil billionaire over $3m debt

Nigerian oil billionaire Igho Sanomi Credit Suisse Group AG has already taken Nigerian oil trader Igho Sanomi’s private jet. Now it’s coming for his London apartments. The Swiss bank is owed about $3 million by Sanomi, who was a guarantor for a credit facility extended to one of his companies, Credit Suisse’s lawyer Andrew Brown […]

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Meet Mrs. Priscilla Ekwere Eleje Nigeria’s First Female To Sign N1000 Note
Business

Meet Mrs. Priscilla Ekwere Eleje Nigeria’s First Female To Sign N1000 Note

Mrs. Priscilla Ekwere Eleje Mrs. Priscilla Ekwere Eleje is the first female Director of Currency Operations at the Central Bank of Nigeria (CBN). Eleje has achieved being the first female to have her signature on the 1000 naira note. Mrs. Priscilla Ekwere Eleje’s signature on the N1000 note

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Nigeria’s inflation stands at 11.25 percent in March -NBS
Business

Nigeria’s inflation stands at 11.25 percent in March -NBS

Dr. Yemi Kale, NBS Boss Nigeria’s inflation in the month of March 2019 stands at 11.25 percent, the National Bureau of Statistics, NBS, reports on Tuesday. According to the NBS, the Consumer Price Index, (CPI) which measured inflation increased by 11.25 percent (year-on-year) in March 2019. “This is 0.06 percent points lower than the rate […]

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International Oil slips to $71, hit by talk of higher OPEC production
Business

International Oil slips to $71, hit by talk of higher OPEC production

Crude Oil barrels Brent oil slipped to around 71 dollars a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia’s willingness to stick with OPEC-led supply cuts. Analysts on average expect U.S. crude stockpiles to have risen by 1.9 million barrels last week, the fourth straight increase. The first of […]

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FAAN Pledge withdraw services to debtor airports from May 1
Business

FAAN Pledge withdraw services to debtor airports from May 1

Federal Airports Authority of Nigeria (FAAN) The Federal Airports Authority of Nigeria (FAAN) has issued a notice to private and state-owned airports in Nigeria to settle their debts or be shut on May 1. Mrs Henrietta Yakubu, General Manager, Corporate Affairs, FAAN, confirmed the development to the News Agency of Nigeria (NAN) on Tuesday in […]

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Africa’s Development: Technological advancement mandatory – World Bank
Business

Africa’s Development: Technological advancement mandatory – World Bank

World Bank Digital transformation of Africa will foster economic growth and reduce poverty, the World Bank Vice-President for Africa, Mr Hafez Ghanem, has said. Ghanem expressed the view on Saturday at the launch of the April 2019 Africa Pulse Report, which analyses issues shaping Africa’s economic future. The report was launched in Washington DC at […]

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Must watch Africa Business Topnotchs Aliko Dangote-Mo Ibrahim interview
Business

Must watch Africa Business Topnotchs Aliko Dangote-Mo Ibrahim interview

Aliko Dangote: at the Mo Ibrahim interview in Abidjan Here is the full interview Mo Ibrahim, the British-Sudanese billionaire had with Africa’s biggest industrialist and richest man, Aliko Dangote in Abidjan, Ivory Coast on 6 April. It is an interview that must be watched by all Africans, leaders and the led for answers to a […]

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External Financing: East Africa’s Diaspora remittances hit $17b
Business

External Financing: East Africa’s Diaspora remittances hit $17b

Dollars flowing to East Africa The World Bank’s latest brief shows that East African countries received $17.38 billion from their citizens living abroad between 2013 and 2018. According to the bank, Kenya topped the region as the biggest beneficiary of remittances, receiving $10.74 billion, followed by Uganda ($6.28 billion), South Sudan ($2.85 billion), Tanzania ($2.39 […]

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Trump’s tax returns: U.S. Democrats set April 23 deadline for IRS
Business

Trump’s tax returns: U.S. Democrats set April 23 deadline for IRS

President Trump: the only US president that has failed to publish his tax papers U.S. congressional Democrats on Saturday headed for a showdown with the Internal Revenue Service over President Donald Trump’s tax returns, setting a new hard deadline of April 23 for the federal tax agency to hand the documents over to lawmakers.In an […]

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