South Africa Considers 10-year Visa For Nigerian Business Travelers
In a bid to promote trade between Nigeria and South Africa, the South African High Commissioner to Nigeria, Mr. Thamsanqa Dennis Mseleku has advised more Nigerian businesses, especially financial institutions to expand their businesses to South Africa. The envoy also disclosed that the South African consulate was working on issuing Nigerian business operators 10-year-visa to […]
CBN Claims Commercial Banks Were Failing In Promoting The eNaira
The Central Bank of Nigeria slammed commercial banks throughout the country on Wednesday for failing to promote the e-Naira, which was introduced with fanfare by President Muhammadu Buhari in October 2021. The apex bank also revealed to the public the operational benefits of the newly implemented eNaira. CBN officials took turns lecturing youth corps members, […]
MTN’s N97 Billion Public Offer Opens Wednesday At N169 Per Share
Telecommunications giant, MTN Nigeria, Tuesday announced that its N97 billion public offer to retail investors for the sale of 575 million shares held in the local company by the MTN Group will open Wednesday. The company stated that the offer, which will be priced at N169 per share, would close on December 14. MTN Nigeria […]
Wall Street Rebounds After Virus-Linked Sell-Off
Wall Street stocks closed higher on Monday, regaining some of the ground they lost in Friday’s sell-off, as investors were hopeful that the Omicron coronavirus variant would not lead to lockdowns after reassurance from U.S. President Joe Biden. The Nasdaq led gains among the major averages with help from the technology sector, while the S&P […]
Stocks Sink On New COVID Variant; Dow Has Worst Day Of Year
Stocks closed sharply lower on Wall Street Friday after a coronavirus variant from South Africa appeared to be spreading across the globe. The Dow Jones Industrial Average lost 905 points. The S&P 500 index fell 2.3%, its worst day since February and the Nasdaq composite had its worst drop in two months. Travel and energy […]
Tesla’s Musk Exercises More Options, Sells Shares Worth $1.05bn
Tesla Inc Chief Executive Elon Musk sold another 934,091 shares of the electric vehicle maker worth $1.05 billion after exercising options to buy 2.15 million shares, U.S. securities filings showed on Tuesday. The world’s richest person had on Nov. 6 tweeted that he would sell 10% of his stock if users of the social media […]
Why Tinubu’s Daughter Shut Down Oyingbo Market – Official
Market executives at the Oyingbo market in Lagos have explained why their market was shut down for two weeks by Folashade Tinubu-Ojo, President-General of the Association of Commodity Market Women and Men of Nigeria. The Oyingbo market is well-known throughout Lagos and abroad for its foodstuff. Following the market’s two-week closure, traders flocked to the […]
China Satisfied With Boeing 737 MAX Changes, Seeks Industry Feedback
China’s aviation regulator has told airlines it is satisfied that design changes Boeing Co proposed for its 737 MAX plane could resolve safety problems, in a sign it is closer to lifting a more than two-year flight ban in Chinese skies. The Civil Aviation Administration of China (CAAC) invited airlines to give feedback on a proposed […]
Inflation Causing Spike In Cost Of Groceries As Holiday Season Approaches, Food Banks Stretched Thin
Inflation is causing a spike in prices and people are noticing, especially with the holiday season right around the corner. “When I go to Costco or BJ’s I see everything is $3 more,” said Ana Terrero, a Bronx resident. Terrero is now being forced to change her grocery shopping habits. “I’m buying less, if I […]
Biden Visits Baltimore Port Amid Supply Chain, Inflation Woes
President Joe Biden visited Baltimore on Wednesday to tout his infrastructure bill and highlight his administration’s work to ease port delays as the country approaches the holiday season with rising inflation and delivery slowdowns on the horizon. Biden’s visit came five days after Congress passed his $1.2 trillion infrastructure bill that, among myriad investments in […]
