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Ngozi Okonjo-Iweala, Nigeria’s candidate in the election for a new director-general of the World Trade Organisation (WTO), says there is a need to revive the organisation to meet the needs of its members. In an opinion piece published by Project...
The management of Dangote Group yesterday denied the claim by the BUA Group to the mining sites in Obu, Okpella, Edo State, as the latter said it relied on the Federal High Court recent judgment in Benin. Dangote advised the...
Egypt has announced it will gradually reopen for international tourism beginning on 1 July, although visiting tourists will initially only be allowed in resort towns on the Red Sea coast. Despite government and economic pressure on the country’s tourism sector...
Amazon CEO and founder Jeff Bezos has agreed to testify before a US House of Representatives committee reviewing antitrust issues in the tech industry. He had resisted calls to testify, which caused the committee to threaten to subpoena Bezos...
Plunging oil prices and collapsing state revenues have seen Nigerian authorities vow an end to a controversial fuel subsidy scheme long criticised as a graft-ridden drain on public finances, AFP reports. But there are major doubts that Africa’s most populous...
In a challenge to the US stock market’s recent optimism, the Fed predicted the US economy would shrink 6.5% in 2020 and unemployment would still be at 9.3% at year’s end. Data out earlier had also shown core US consumer...
France is likely to suffer 800,000 job losses in coming months, the finance minister has warned, as the economy reels from the effects of lockdown. Bruno Le Maire told a finance committee in parliament: Our evaluation is that 800,000 jobs will...
MTN Nigeria Communications Plc has raised N100 billion in its debut commercial paper (CP) issuance, making history as the largest debut issuance by any Nigerian company. MTN had planned initially to raise N50 billion under its registered N100 billion...
Many commercial and merchant banks have not complied with Federal Government’s directive to resume full operations. The order was part of the second phase of the lockdown announced on last week. Chairman of the Presidential Task Force (PTF) on COVID-19, Boss...
Chinese foreign trade fell 9.3 per cent in May compared to the same period last year, Chinese customs officials said in Beijing on Sunday. Exports fell 3.3 per cent calculated in U.S. dollars, while imports fell by as much as...

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