Americans Paul R. Milgrom and Robert B. Wilson have won the Nobel Prize in economics for “improvements to auction theory and inventions of new auction formats.” The winners were announced

British Airways says it will be replacing Chief Executive Officer Alex Cruz. This comes just weeks after fellow Spaniard Luis Gallego took over as head of parent company IAG SA.

Nigeria’s National Bureau of Statistics is set to release Consumer Price Index and inflation data for September on Thursday, October 15. Last month, Africa’s most populous country’s inflation rate climbed

US stocks rose on Friday and the S&P 500 was on track for a second straight week of gains as optimism over more federal fiscal aid gathered momentum. US House

AfDB interested in transformational agro value chain industrialization projects which add value to competitively-produced commodities in Africa – VP Quaynor At a webinar held Thursday by the Nordic-African Business Association

In a notice posted on the Nigerian Stock Exchange, Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, said it

The World Bank says it expects economic activity in Sub-Saharan African countries  to decline by 3.3% in 2020, the region’s first recession in 25 years.  The lender says the COVID-19

The number of American’s filing for initial unemployment claims rose by 840,000 in the week ended 3 October, largely in line with expectations. That’s well below the pandemic peak, but

British low-cost airline, EasyJet says it will make a loss of about £800million ($1.033billion) in 2020. This is the first time EasyJet will publish such a loss in over two decades since it

In a notice posted on the Nigerian Stock Exchange website, Access Bank says it is informing the investing public that a meeting of Board of Directors of Nigeria’s largest bank

Netflix is facing a criminal charge in Texas over the allegedly “lewd” depiction of children in a film on its platform. The film, called ‘Cuties’, follows an 11-year-old Senegalese girl

Twenty-eight member low-income countries have received a six-month extension of debt service relief from the International Monetary Fund (IMF). Countries in this category are Afghanistan, Benin, Burkina Faso, Burundi, Central African Republic, Chad, Comoros,

Nigerian equities continued its bullish run on Tuesday, hitting a five-year high. The last time stocks rallied by this much was April 1, 2015.  The All Share Index jumped 4.92%

In order to ensure easy and direct access to Emirates’ rich content and other services, the Middle-eastern airline has launched a suite of connectivity options for its trade partners around

A top European Union official dealing with the United Kingdom said Tuesday that a cliff-edge rupture between the two without even a basic trade deal by the end of the

The Australian government on Tuesday announced plans to cut income taxes, create jobs for young people and stimulate business investment with a raft of pandemic measures that would create a

In the future, the skies could be as crowded as the high street with Hyundai Motor is betting on flying cars to be introduced by 2028. South Korea’s biggest automaker

Following the recent increase in petrol prices across the country, Nigeria’s Vice President Yemi Osinbajo revealed on Monday how the government is finding ingenious ways to alleviate the economic hardship

Japanese designer Kenzo Takada, famous for creating the international luxury fashion house Kenzo, died on Sunday after contracting Covid-19. His family said in a statement that Takada died from complications from

Greenwich Merchant Bank Limited has started operations even as it announced plan to position itself as the go-to institution for providing financial services to both local and international clienteles. The