Category: Business
World Bank Board’s Meeting Failure Delays Nigeria’s Loan Request
The $1.5 billion, which is the first tranche of the federal government’s $3 billion request from the World Bank is to be delayed as the much-awaited meeting of the multilateral…
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US PGA Championship: Tiger Woods hits lowest opening round in major since 2012
Tiger Woods shot his lowest opening round in a major since 2012 with a two-under-par 68 at the US PGA Championship in San Francisco. The 15-time major winner played alongside…
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Brown Resumes as CEO, Sahareholders express Optimism
Shareholders of Seplat Petroleum Development Company Plc have expressed optimism that the new chief executive officer(CEO) of the company, Mr. Roger Brown, will improve on the fortunes of company and…
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Weakening demand, rising supply weigh crude futures
Weakening demand due to anticipated second wave of the coronavirus pandemic and rising supply have continued to weigh on market sentiment, dampening crude futures. Oil prices opened lower on Monday…
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Ivory Coast President Seeks Third Term After Protege’s Death
Ivory Coast President Alassane Ouattara will seek re-election in October after the death last month of the ruling party’s candidate, former Prime Minister Amadou Gon Coulibaly. Ouattara’s candidacy upends his…
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Trump Moves to Ban TikTok, WeChat in U.S., Pressuring China
President Donald Trump signed a pair of executive orders prohibiting U.S. residents from doing any business with TikTok, WeChat or the apps’ Chinese owners beginning 45 days from now, citing…
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Saudi Arabian investor sues Distressed Carrier Med-View over sale of asset
Saudi Arabian investor, Abdulmohsen Al-Thunnayan, has filed a suit at the Federal High Court Lagos, challenging the move by Med-View Airline Plc to sell-off some assets of the distressed carrier.…
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South Africa’s Ramaphosa Appoints Panel to Probe Covid-19 Graft
President Cyril Ramaphosa appointed a government committee to investigate alleged corruption associated with the country’s response to the coronavirus pandemic. The panel, to be headed by Justice and Correctional Services…
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Revamp refineries, pass PIB bill to regulate petrol pump price, MAN demands
The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to make efforts at revamping the nation’s ailing refineries and regulate the fluctuating pump price of petrol. Mr Ambrose…
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US FAA Releases Update on Boeing 737 Max
The US Federal Aviation Administration (FAA) has given detailed action and procedures it wants to be made before Boeing 737MAX planes can fly commercially again. The 737 MAX has been…
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