The World Bank has predicted that inflow of Diaspora remittance to Nigeria will drop by $2 billion in 2020 to $21.7 billion as against the $23.8 billion the country recorded

China’s foreign ministry on Monday said Customs put import restrictions on Australian timber and some seafood due to safety concerns amid continued trade tensions between the two nations. During a

South African pharmaceutical company Aspen Pharmacare said on Monday it had entered into a preliminary agreement with Johnson & Johnson to commercially manufacture its COVID-19 vaccine candidate. Aspen said it

China’s manufacturing sector activity expanded for the sixth straight month in October as business confidence continues to grow in the World’s most populous country. According to a private sector survey,

Emirates has announced an increase to its four times a week service to Lagos to a daily flight from November 1. The expanded schedule of daily services offers enhanced connectivity

Investors in the Nigerian equity market gained N1.934 trillion (about $5bn) in October as the market recorded its best monthly gain since 2018, following the continued inflow of funds searching

Amazon is withdrawing advertising for pre-Black Friday discounts in France, after the government said the campaign was unfair to small shops at time when a coronavirus lockdown has forced them

The African Development Bank Group has approved an emergency assistance relief package of $440,000 to fund ongoing humanitarian and emergency relief efforts in areas recently hit by floods in South

The Radisson Hotel Group recently announced that its five Nigerian outlets have successfully completed the SGS Disinfection Monitored and Cleaning Checked mark by SGS, the world’s leading inspection, verification, testing

US oil majors Chevron Corp and Exxon Mobil cut spending aggressively in the third quarter in a race to offset weak trends in fuel demand caused by the COVID-19 pandemic,

German Economy Minister Peter Altmaier was optimistic on Friday after figures showed the German economy bounced back strongly in the third quarter compared to the previous three months, when the

The price of Brent, the benchmark for Nigeria’s crude oil, fell below $40 per barrel to a four-month low of $37 on Thursday, raising fresh fears of another price collapse

South Africa’s MTN said on Friday it had now exited its 18.9% stake in the continent’s online retailer Jumia, making R2.3 billion ($142.31 million) in net proceeds. MTN said in

Business is booming for America’s tech giants. Amazon, Facebook, Apple and Google reported sales and profits figures on Thursday covering the three months to September 30 – and there was

The European Central Bank pledged to “recalibrate” its monetary policy by the end of the year, but left the door open to an emergency consultation of its rate-setting body should

Bank of Japan Governor Haruhiko Kuroda expressed optimism Thursday about the country’s economic recovery amid the coronavirus pandemic. “Economic activity has resumed, and the economy has recently been less effected

As the coronavirus pandemic rages on around the world, one of the worst hit industries has been the travel sector. Airports have particularly felt the effects of continued restrictions and

Telecommunications giant MTN Nigeria said its net profit dropped from N149.22bn (about $392.12 million) to N144.23bn (about $378 million) in the first nine months of this year due to a

Microsoft’s cloud computing business slightly re-accelerated and its Teams messaging and collaboration software won new users, as a pandemic-driven shift to working from home and online learning drove quarterly results

Coronation Insurance formerly known as Wapic Insurance has reassured clients of a speedy compensation following their several losses to businesses and assets occasioned by the large scale violence that followed