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    Video Nigeria News Today - Buhari: ‘Baba Go Slow needs to hurry up’ – Bloomberg mocks Nigerian govt over failed economy

    Today's News Highlights Includes; Those offering you jobs in Middle East are after your organs, IOM warns Nigerians - PUNCH NEWSPAPER Nigeria...
  2. J

    Politics Buhari: ‘Baba Go Slow needs to hurry up’ – Bloomberg mocks Nigerian govt over failed economy - DAILY POST

    The New York-based international news agency further stated that it wonders if ‘Baba Go Slow’ “is up to the task” of reviving the economy in his second term. The news agency noted that in the year 2000, over 1.4 billion people lived at or below the global poverty line of $1.90 a day. READ MORE
  3. stato

    World Meghan Markle Says Father Won’t Attend Wedding Due to Health – Bloomberg

    Meghan Markle announced Thursday her father will not be at her marriage to Prince Harry due to health problems. “Sadly, my father will not be attending our wedding,” she said in a statement released by Kensington Palace. Read more via Bloomberg – Get more World News
  4. stato

    World Zuma’s Exit Spurs Surge in South African Stocks as Banks Rally – Bloomberg

    South African stocks gained the most since June 2016 after President Jacob Zuma resigned in a late-night address to the nation. Banks rallied to a record amid optimism his likely successor, Cyril Ramaphosa, will improve management of the economy. Read more via Bloomberg –...
  5. stato

    World Beijing Inches Closer to Becoming the World’s Busiest Airport – Bloomberg

    Beijing inched one step closer to taking the crown for the world’s busiest airport. As the ranks of the Chinese middle class swell and more people take to the skies, passenger traffic at Beijing’s international airport rose to a new record of 95.8 million last year. Read more via Bloomberg...
  6. curator

    Business Can Bitcoin Be Regulated? U.S. Courts Are About to Decide – Bloomberg

    The U.S. is trying to regulate cybercurrency offerings. It’s still unclear whether it has the authority to do so. Federal judges in Brooklyn, New York, are about to rule on the question. In doing so, they could determine whether Bitcoin and other stateless currencies are securities that can be...
  7. curator

    Business What Macron Said About a Possible Brexit Deal: Key Quotes – Bloomberg

    French President Emmanuel Macron spoke on the BBC’s “Andrew Marr Show” on Sunday, in an interview recorded Thursday. Here are the key lines on Brexit: On the future EU-U.K. relationship: “It will be by definition less deep than today, because the deepest possible relation is being a member of...
  8. curator

    Business Top Nigerian Sugar Maker Sees Sales Boost as Economy Recovers – Bloomberg

    Top Nigerian Sugar Maker Sees Sales Boost as Economy Recovers By January 21, 2018, 11:00 PM EST Reviving economic activity in Africa’s most populous nation means Nigerians are indulging their sweet tooth again. Sugar demand from both businesses and households is rising after last year’s...
  9. curator

    Business South African Stocks Are More Popular Than Ever Before – Bloomberg

    Foreigners have never been this keen on South African stocks. Average daily flows into Johannesburg-traded shares are running at the highest rate since at least 1997, when Bloomberg started compiling the data. Optimism that Cyril Ramaphosa’s leadership of the ruling party will bring sound...
  10. curator

    Business Why Africa’s Top Oil Producer Is Low on Gasoline: QuickTake Q&A – Bloomberg

    Nigeria, Africa’s biggest oil producer and a member of OPEC, has suffered fuel shortages over the past few weeks. They complicated transport and hurt economic activity and, in the words of President Muhammadu Buhari, ensured that for many Nigerians the Christmas holidays were “anything but merry...
  11. siteadmin

    Business Listen Nigeria! Norway’s Sovereign Wealth Fund Hits $1 Trillion

    Tuesday Rant! Any Nigeria that cares about the country cannot help being jealous of countries like Norway. They have saved $1 trillion (and counting) to secure the future of generations to come. This was not from some fantasy about diversification of economy, although that is important, this was...
  12. RemmyAlex

    World Angolans Head to Poll to End President Dos Santos's 38-Year-Rule

    Angolans began voting in an election that will bring about the first leadership change in almost four decades for Africa’s second-biggest oil producer. “D-day has arrived,” Domingos Francisco said Wednesday as he stood in line behind dozens of voters outside a blue tent that served as a polling...
  13. Lequte

    Business CBN's Black Market Attack is Just a Stopgap Until FG Floats the Naira- Bloomberg

    According to a report from Bloomberg, the recent gains of the naira at the black market due to the flooding of the market with dollars by the CBN is only temporary. Don’t be fooled by the biggest black-market gain in a year for Nigeria’s naira. The rally, sparked by increased sales of foreign...
  14. RemmyAlex

    Business South African Investor Buys More Zenith, Access Banks' Shares

    Allan Gray Ltd., the largest manager of non-government investment funds in Africa, has increased its stake in Nigerian Zenith and Access banks. The South African investor, based in Cape Town, is betting on Nigeria’s banking industry despite poor performances by the oil companies it depends on...
  15. RemmyAlex

    Business 5 Best Performing Currencies In 2016 [See LIST]

    The Bloomberg LP has ranked Nigeria’s Naira as one of the world’s four worst performing currencies in 2016. The five best performing currencies of the world are the Russian ruble Brazilian real the Palladium the Iceland krona, and Silver, which appreciated by 21.31 per cent, 20.96 per...
  16. RemmyAlex

    Business Naira Watch: Tracking Nigeria's Currency [Day 48]

    The naira on Monday depreciated slightly to close at 314.75 to the dollar at the inter-bank market, forty -eight days after the Central bank of Nigeria introduced the flexible exchange rate policy, according to data compiled by Bloomberg. The currency on Friday closed at 314.25 to the dollar...
  17. RemmyAlex

    Business Naira Becomes Worst Performing Currency Among 150 Currencies Globally [Bloomberg]

    The naira is the worst performing currency this year among more than 150 currencies globally, the Bloomberg media has said. It has depreciated 37 percent against the dollar, 44 days since the Central Bank abandoned its peg on June 20, while bond yields have jumped to more than 20 percent. The...
  18. RemmyAlex

    Business Mongolia: The World's Worst Currency Weakens To 2,243 to a Dollar

    Mongolia’s tugrik, the world’s worst-performing currency in August, is in its longest losing streak on record as the nation’s government seeks ways to stabilize an economy it says is in the grip of a crisis. According to Bloomberg records, the currency weakened a 22nd day to 2,243.50 per...
  19. RemmyAlex

    Business South Africa Overtakes Nigeria As Africa's Largest Economy

    More than two years after losing Africa's largest economy to Nigeria, South Africa’s economy have regained its position in dollar terms as the value of the Nigeria’s naira move in opposite directions. Based on gross domestic product at the end of 2015 published by the International Monetary...
  20. RemmyAlex

    Business MTN Records First-Ever Loss After NCC Fine

    South Africa’s MTN Group has reported its first-ever per-share loss as a public company, after Africa’s biggest mobile-phone operator agreed to settle a record fine in Nigeria and was hurt by weaker earnings in South Africa. The loss will be between 2.85 rand and 3.15 rand per share in the six...