Ford Motor Co will invest $1.05 billion in its South African manufacturing operations, including upgrades to expand production of its Ranger pickup truck, the U.S. automaker said on Tuesday. The

West Africa’s oil exports slumped to the lowest level in at least three years last month as infrastructure woes for some of Nigeria’s biggest streams combined with gradually waning output

Zenith Bank Plc. has again emerged as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands 2021. For the fourth consecutive year, Zenith Bank

South Africa’s manufacturing activity expanded slightly in January, the seasonally-adjusted Absa Purchasing Managers’ Index (PMI) showed on Monday. The index, a gauge of manufacturing activity in Africa’s most industrialised economy,

Online fashion retailer Asos has bought the Topshop, Topman, Miss Selfridge and HIIT brands from failed retail group Arcadia in a deal worth £295m. Sir Philip Green’s Arcadia group fell

The Caixin China General Manufacturing PMI fell to a seven-month low of 51.5 in January 2021 from 53.0 in December, missing market expectation of 52.7. Both output and new orders

Wall Street is gearing up for another week of market mayhem, with signs that the retail frenzy that pumped up the stock prices of the likes of GameStop Corp and

The United Arab Emirates (UAE) has banned Nigerian passengers from transiting other airports before going to Dubai. Effective from Monday February 1, only those travelling directly from Nigeria would be

Nigeria’s federal government has given more insights into the cut in automobiles’ import tariffs just as it dismissed claims by a section of the organised private sector (OPS) that its

The operator of Hong Kong’s main airport has sold bonds for $1.5 billion to fund development of a third runway, its first deal offering US based investors the opportunity to

Nigeria’s integrated food business and agro-allied group, Flour Mills of Nigeria Plc, has continued its strong performance, growing its profit after tax (PAT) for the third quarter ended December 2020/21

Apple Inc’s smartphone shipments jumped 22% to record levels in the fourth quarter, making it the world’s biggest seller, while those for Huawei plunged as U.S. sanctions took effect. An

The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, on Wednesday highlighted the role played by the Declaration of Cooperation (DoC), the group’s framework for supply

Nissan Motor Co said on Wednesday that all of its new vehicle offerings in key markets will be electrified by the early 2030s, as part of its efforts to achieve

Oil prices will average above $50 per barrel in 2021, a more than 21% rise from 2020’s depressed level on the back of the rollout of vaccines and fiscal stimulus

The International Monetary Fund (IMF) in its World Economic Outlook (WEO) update relead on Tuesday has projected that the Nigerian economy will grow by 1.5% this year, slightly lower than

The Central Bank of Nigeria left its monetary policy rate unchanged at 11.5% during its first meeting for the year. All other parameters were maintained. The Cash Reserve Ratio was

Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Mohammed Barkindo, on Monday said the current moves by countries and big investors to divest from the oil and gas

As the Monetary Policy Committee of the Central Bank of Nigeria (CBN) meets on Monday to commence its two-day meeting, the deliberation is expected to be centered around how to