Business

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The Former President of Nigeria, Olusegun Obasanjo has blasted the United States of America for insisting on “independent investigation” into allegations of favouritism and others against President of African Development Bank, Dr Akinwunmi Adesina. The US Treasury Secretary has called...
Facebook will not fact-check President Trump’s posts according to CEO Mark Zuckerberg. Mark and Facebook will probably get trashed by the left for this but it is the right move on so many levels. And remember, during the entire Mueller...
The Central Bank of Nigeria on Thursday reduced its monetary policy rate to 12.5 percent as part of efforts to combat the economic effects of the coronavirus pandemic. The previous rate was 13.50 percent. However, the bank retained its Cash Reserve...
Roughly 2.1 million more Americans filed new claims for jobless benefits as President Trump and governors push some states to loosen coronavirus-related restrictions, according to data released by the Labor Department on Thursday. In the week ending May 23, a...
Niale Kaba, chairperson of the board of governors at the African Development Bank (AfDB), has denied reports that Akinwumi Adesina, president of the bank has been asked to resign. In a statement seen by Tontrends on Thursday, Kaba said the...
France’s economy could contract by around 20% in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency Insee says. It said the French economy was running “at roughly four-fifths...
The total value of capital importation into Nigeria stood at $5,854.38million in the First Quarter of 2020, according to the National Bureau of Statistics (NBS). In its report titled “Nigerian Capital Importation (Q1 2020)’ posted on its website on Tuesday,...
Singapore’s embattled economy could shrink by as much as seven percent this year, which would be the worst reading since independence, with the government saying Tuesday the coronavirus pandemic had throttled the key export sector, AFP reports. The city-state is...
The Managing Director/Chief Executive, Heritage Bank Limited, Mr. Ifie Sekibo has advised Small and Medium Enterprises (SMEs) to reinvent themselves in order to remain competitive and overcome the challenges of the COVID-19 pandemic. Speaking on “Converting ideas into reality...
The Nigerian National Petroleum Corporation (NNPC) says professional competence, adherence to the principle of transparency and accountability informed the recent top management appointment executed in the first week of March. Dr. Kennie Obateru, the spokesman for the corporation made this...

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