Africa’s biggest grocer Shoprite reported its first annual earnings decline in 19 years on Tuesday, due to a currency devaluation in Angola and a lacklustre showing in its home South African market and elsewhere on the continent. South African retailers have struggled to lift earnings as elevated household debts, higher fuel prices and an increase […]
US First Lady Melania Trump will travel to Africa later this year, although it is not clear where or when she plans on visiting the continent. She said in a statement. This will be my first time travelling to Africa and I am excited to educate myself on the issues facing children throughout the continent, […]
Google has rolled out a new feature available to everyone who can have sensitive emails destroy themselves as preset if Confidential Mode is enabled in Gmail. The updated feature, which Google announced earlier this year, has become available to all its Gmail users, including both web-based or mobile phone customers, according to the latest support […]
The Federal Mortgage Bank of Nigeria (FMBN) plans to recapitalise to the tune of N500 billion, its Managing Director, Mr. Ahmed Dangiwa, has said. Dangiwa, who spoke with State House correspondents after a closed door meeting with Vice President Yemi Osinbajo, at the Presidential Villa, said the recapitalisation would boost service delivery. “We came to […]
More Nigerian loading programmes emerged on Monday, following the release of the three largest supply schedules last week and showed supply in October could well reach its highest in three months. * There are still a few smaller programmes yet to be released, but so far October is shaping up to be fairly hefty, based […]
Brent oil stabilised near $72 per barrel on Monday after several weeks of decline, weighed down by concerns over slowing global economic growth but supported by an expected fall in supply from Iran due to U.S. sanctions. Brent crude futures (LCOc1), a benchmark for international oil prices, were at $72.08 per barrel at 1336 GMT, […]
Oil major Shell shut-in the Trans Ramos pipeline which feeds into Nigeria’s Forcados oil export terminal, to clean up crude oil spilled from a ruptured section, it said late-Sunday. “The Shell Petroleum Development Company of Nigeria Limited…has recovered over 95% of spilled oil from the recent spill incidents on sections of the Trans Ramos Pipeline […]
Nigeria acknowledged a FIFA-approved appointee as the sole head of its national soccer federation on Monday, minutes before the world body was due to ban the country from international matches over political interference in filling the post. FIFA had said it would suspend Nigeria at 1100 GMT – thereby excluding the team from next month’s […]
Nigeria international and Arsenal forward, Alex Iwobi has made a debut in his first film role in the soon to be released ‘Inpadisu.’ The movie, now trending on social media, features Iwobi being pursued all over the place, apparently because of choices he made in the movie. Iwobi also took to his Instagram page @Alexanderiwobi […]
The National Bureau of Statistics (NBS) says a total volume of 509,668,433 transactions valued at N32.90trn was recorded in the banking sector during the second quarter. The NBS made this known in its “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength (Q2 2018)’’ report released in Abuja. According to the […]