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Business

Detained Huawei Executive Receives Bail

Posted: December 12, 2018 at 12:41 pm   /   Article, Business, Technology, WORLD

Meng Wanzhou who was arrested in Canada at the Vancouver International Airport on December 1st. Wanzhou is the Chief Financial Officer (CFO) of the Chinese company Huawei. Her detention came at the request of the United States who claims she used her position in Huawei to filter business deals with Iran through shell company Skycom […]

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Stock

US Stock Market: The Fall Of 2018

Posted: December 5, 2018 at 6:29 am   /   Article, Business, U.S.

For investors and middle-class workers watching their 401(k), the last few months have been a tailspin of unfulfilled returns and dropping stock prices. These huge losses on the market come off the heels of investors who were riding high on the early to mid-2018 bull market. In October alone the S&P 500 dropped 6.9 percent, […]

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HQ2

Amazon’s HQ2 And What It May Mean For New York

Posted: November 29, 2018 at 12:51 pm   /   Business, FEATURED STORIES, Lifestyle, WORLD

This November the city of New York reached a deal with e-commerce behemoth Amazon that will see them build a second headquarters, “HQ2,” in the Long Island City area of Queens. It’s the largest economic development project in the history of the state and was hard won against the likes of New Jersey and others, […]

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Goods Worth N10 Trillion Smuggled Into Nigeria In 2017

Posted: February 15, 2018 at 9:35 am   /   AFRICA, Article, Business, Investigative Report, TRENDING

The value of goods and items smuggled into Nigeria was N10 trillion by the end of 2017, investigation revealed. A top source in the Nigerian Shippers Council told our correspondent that, while the goods and items smuggled into the country through about 1,500 porous borders increased from over N2 trillion in 2016 to over N4 […]

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Nigeria: Over 80% of Herbal Drinks in Nigeria Are Unhealthy

Posted: February 2, 2018 at 12:52 pm   /   AFRICA, Article, Business, Investigative Report

Over 80 percent of herbal drinks in Nigeria are substandard and unhealthy for consumption as they are capable of damaging consumers’ internal organs, according to the National Agency for Food and Drug Administration and Control. Aside from Alomo bitters, which is brewed by a Ghana-based Kasapreko Limited; Origin herbal drink, from the stable of Guinness […]

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Unemployment Rate Lowest in 16 Years

Posted: August 6, 2017 at 3:18 pm   /   Article, Business, FEATURED STORIES, Finance, U.S.

As president Donald Trump’s approval ratings continue to decline rapidly, the United States unemployment rate has fallen to 4.3 percent, as of July, according to the Bureau of Labor Statistics, making it the lowest rate in 16 years. The last time the nation has seen the same rate was in May of 2001. However, despite […]

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GE Offers Investment In Nigeria’s Refineries

Posted: January 25, 2017 at 5:46 pm   /   Article, Business

General Electric, GE, a US multinational company, Tuesday in Abuja, proposed to invest in the nation’s three refineries located in Port Harcourt, Warri and Kaduna. GE, in a presentation to NNPC GMD, Dr. Maikanti Baru and his team stated that the company’s teams of partners, including its consortium involving the Engineering, Procurement and Construction (EPC) […]

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Buhari Govt Slashes NPK Fertiliser Price: Audu Ogbeh

Posted: January 25, 2017 at 5:44 pm   /   Article, Business

The Federal Government says it will slash the price of Nitrogen, Phosphorus, and Potassium (NPK) fertiliser to N5, 000 per bag to encourage farmers to boost agricultural production in the country. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said this in an interview with reporters in Abuja on Tuesday. Ogbeh explained that […]

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Airport Shutdown: Police To Secure Kaduna Highway, Deploy 500 Trucks, 3 Helicopters

Posted: January 17, 2017 at 10:40 pm   /   Article, Business

The Nigeria Police will deploy 500 Hilux trucks to provide security on the Kaduna-Abuja high way following the relocation of air services to Kaduna Airport. The Deputy Inspector General of Police (Operations) , Mr Joshak Abila, who represented the Inspector General of Police, Ibrahim Idris, disclosed this while briefing the Senate on the Abuja airport […]

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Dangote Floats $100m Truck Assembly Plant In Lagos Nigeria

Posted: January 16, 2017 at 4:06 pm   /   Article, Business

Dangote Group of Companies has established a $100million truck assembly plant in Lagos as part of its efforts toward boosting foreign exchange and job creation in the Nigeria. The group said in a statement on Sunday in Lagos that the plant was floated by the group in partnership with National Heavy Duty Truck Group Company […]

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