Chinese Yuan weakens to 6.3795 against USD
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 150 pips to 6.3795 against the U.S...
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Customs retains 20% duty rate on used vehicles
The Nigeria Customs Service (NCS) says it has retained a duty rate of 20 per cent for used vehicles as...
UK group seeks Africa’s collaboration to achieve sustainable development
A United Kingdom-based organisation, the Africa Economic Summit Group, has called for more collaboration among African countries in order to...
Russia-Ukraine: Manufacturing, agriculture to suffer shocks in Q2
The Lagos Chamber of Commerce and Industry (LCCI) says the persisting Russia-Ukraine war will trigger shocks in the manufacturing and...
AfDB, AU sign agreement for institution capacity building
The African Development Bank (AfDB) and African Union (AU) have signed a protocol of agreement for the AU’s institution capacity...
World Bank concerns over insecurity, proffers solutions
The World Bank Group President, David Malpass, on Tuesday expressed concern about the increasing spate of insecurity globally. Malpass said...
Honda joins global automakers spending billions of dollars to go electric
The Japanese auto company, Honda, announced Tuesday that it would invest approximately 5 trillion yen ($39.8 billion) to electrify its...
Algeria to increase gas export to Italy
Algeria will increase its gas exports to Italy as part of agreements signed between the two sides to strengthen energy...
Lebanon’s bakeries to shut down amid flour shortages
More bakeries in southern Lebanon will suspend business on Tuesday amid shortages of flour, Zakaria Al-Qudsi the head of the...
Nigeria recovers N53.5bn of N5.2trn MDAs’ debt
The Federal Government of Nigeria has recovered N53.5 billion out of N5.2 trillion from the debt owed its by Ministries,...
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