Moody’s Investor Service has affirmed the African Development Bank’s AAA credit rating, with a stable outlook. “The credit profile of African Development Bank (AfDB) is supported by the bank’s robust
The Nigerian government is in the process of accessing a $750m World Bank loan on behalf of states, the country’s Minister of Finance, Budget and National Planning, Zainab Ahmed, announced
The Nigerian Stock Exchange has announced that a market-wide circuit breaker kicked in Thursday at 12:55p.m, when the NSE All-Share Index (NSE ASI) rose beyond the set threshold of 5%,
US Federal Reserve Chairman Jerome Powell said the economy continues to need help despite progress toward a Covid-19 vaccine, suggesting that the US Congress “may have to do more” to
Germany’s flagship airline Lufthansa has started testing passengers for COVID-19 under a new programme it hopes will ensure passenger and crew safety and encourage more people to fly amid the
The UK economy expanded the most on record in the third quarter, a rebound that’s since been undermined by an increase in virus cases and new restrictions on businesses. Growth
The African Development Bank and the Government of Uganda have signed a $500,000 grant agreement for financing of Micro, Small and Medium Enterprises (MSMEs) to boost business linkages on the
European Central Bank head Christine Lagarde warned Wednesday that the economy could face a “bumpy, stop-start” recovery despite good news about vaccine development. The top central banker for the
Pfizer CEO Albert Bourla filed to sell millions of dollars of his company’s stock on Monday – the day the pharmaceutical giant announced positive data about its coronavirus vaccine. The
The US Federal Aviation Administration is in the final stages of reviewing proposed changes to Boeing Co’s 737 MAX and expects to complete the process in the “coming days,” the
Chinese e-commerce giant Alibaba Group Holding Ltd said orders made during its Singles’ Day mega-shopping festival had exceeded $56bn by Wednesday morning, as consumers sought to cash in on a
The United Nations (UN) has boosted Nigeria’s Economic Sustainability Plan with $250 million. The offer, which is aimed at complementing Nigeria’s COVID-19 economic recovery efforts under the Nigerian Economic Sustainability
The Central Bank of Nigeria (CBN) on Tuesday unveiled guidelines for the operation of the Private Sector-led Accelerated Agriculture Development Scheme (P-AADS) to facilitate increased private sector agricultural production of
Online Fintech startup firm Kuda, out of Nigeria, that offers digital banking services, has announced it has raised $10 million — the biggest seed round ever to be raised in
Samsung managed to outperform Apple’s smartphone sales on the latter’s home turf for the first time in years, new market data reveals. Industry watcher Strategy Analytics reports Samsung seized just
Microsoft Corporation has launched two models of its Xbox gaming console, seven years after the debut of the previous version, to capture a pandemic-driven boom in consumer spending on games.
Asian stock markets rose for a second day in a row on hopes for progress toward a possible coronavirus vaccine that might allow the world to revive manufacturing, shopping and
The Nigerian government has allowed Dangote Cement to resume exports across its land borders, raising hopes that Africa’s most populous nation may be opening up trade with neighbors after a
The Central Bank of Nigeria (CBN) has opposed a suit seeking to remove the Ajami (Arabic) inscriptions on naira notes. The apex bank told the Federal High Court sitting in
Oil surged on Monday, putting it on track for its biggest daily gain in more than six months after Pfizer announced promising results for its COVID-19 vaccine, boosting risk assets
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