Global stocks waver as coronavirus fears trump recovery hopes
Global stock markets wavered on Monday as soaring COVID-19 cases offset investor hopes of a quick economic recovery, even after data showing that the Chinese...
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Dangote completes Nigeria’s longest concrete road
Makamba Online The Dangote Group has completed Nigeria’s longest rigid pavement located in Kogi State. It is the first of its kind, top engineers say....
NBS: Nigeria’s food inflation hits 19.56 percent
Nigeria’s inflation rate rose to 15.75 percent in December 2020, a 0.86 percent increase from 14.89 percent in November, the National Bureau of Statistics (NBS)...
AfDB appoints directors-general, deputy directors-general in regional offices
The African Development Bank Group has announced the appointment of directors-general for the East, Central and Southern Africa regions and deputy general for the East,...
World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
ABS-CBN The World Bank says global economy is expected to grow by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread...
World Bank predicts extreme poverty and depressed economies in Africa
The World Bank has called for rapid COVID-19 action, including a faster vaccination process, to limit the damage to global growth in 2021. In its...
US imposes fresh tariffs on French, German products over Boeing-Airbus dispute
The United States announced Wednesday that it will impose additional tariffs on French and German products as part of a long-running dispute over subsidies for...
Lagos chamber hints of rising inflationary rate in 2021
Lagos Chamber of Commerce & Industry The Lagos Chamber of Commerce and Industry (LCCI) says inflation rate will rise in 2021. The chamber made the...
Nigeria’s forex inflow hits $21 billion in Q3
The total amount of foreign exchange inflow into the economy in the third quarter of 2020 stood at $21.46 billion, according to data from the...
Rishi Sunak asking us to spend our savings proves how out of touch he is
Most of us don’t have a big pile of money we’ve squirrelled away for a shopping spree when lockdown’s over (Picture: REUTERS/Toby Melville) I had...