Meghan Markle Is Investing In A Trendy Oat Milk Latte Company
Meghan Markle, the Duchess of Sussex, is betting big on oat milk. Markle said Monday she invested in instant oat milk latte company Clevr Brands, which sells four flavors of its powdered drink for $28 per 14-serving bag. The company says its products are sustainable, ethically sourced and healthful. The startup’s CEO Hannah Mendoza started […]
FGN Suspends Issuance Of Free Trade Zones Licence
The Nigerian government has suspended the issuance of licence for the operation of the Free Trade Zones (FTZ) in the country. Minister of Industry, Trade and Investment, Adeniyi Adebayo, announced the decision on Monday at the inauguration of the panel set up for the evaluation of the performance of FTZs. He stated that all applications […]
World Bank Approves $1.5billion Loan To Strengthen Nigeria’s Economy
The World Bank has finally approved Nigeria’s request for a $1.5 billion loan. This was announced in a statement by World Bank on Tuesday noting that the facility is a five-year Country Partnership Framework (CPF) that will last from 2021 to 2024. “This Country Partnership Framework will guide our engagement for the next 5 years […]
South Africa’s Economy Rebounds In Q3 2020 As Lockdown Restrictions Ease
South Africa’s economy rebounded in the third quarter of 2020 (July–September), coinciding with the easing of COVID-19 lockdown restrictions. All industries recorded an increase in economic activity compared with the second quarter, with manufacturing, trade and mining leading the charge. Businesses were supported by an increase in both exports and household spending. According to Africa’s […]
Australia ‘Technically’ Out Of Recession
Australian Treasurer Josh Frydenberg said on Wednesday that the country was “technically” out of recession after the nation’s economy grew by 3.3% in the third quarter. In a news conference in Canberra, Frydenberg told reporters that Australia still had a lot of lost ground to make up and the road ahead will be “bumpy” following […]
Okonjo-Iweala Named Forbes Africa Person Of The Year 2020
Nigeria’s former Finance Minister and a candidate for the office of the Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala has been named Forbes Africa Person of the Year 2020. Forbes Africa announced this on Tuesday via a post on its official handle @forbesafrica. “The 2020 #AfricanOftheYear Award honoree is…Congratulations to Dr. @NOlweala! Board Chair […]
CBN Governor:Economy May Emerge From Recession In The First Quarter Of 2021
The Central Bank of Nigeria (CBN) has predicted that the nation’s economy may emerge from recession in the first quarter of 2021. CBN Governor, Godwin Emefiele, who made the prediction on Friday during the 55th annual Bankers Dinner which held in Lagos, noted that the expected economic growth was two per cent. “With the sustained […]
Supreme Court: Shell’s Request To Vacate ₦17bn Judgement Rejected
The Supreme Court has dismissed an application filed by Shell Petroleum Development Company of Nigeria Limited seeking to set aside a January 11, 2019 judgement of the court upholding damages to the tune of N17bilion awarded against the oil company. The apex court had on January 11, 2019 upheld an earlier judgment by the Court […]
FBN Holdings Reveal Profit After Tax Of $179m In First Nine Months of 2020
FBN Holdings Plc has reported a growth of 31.7 per cent in its profit after tax (PAT) for the nine months that ended on September 30, 2020, raising the hope of investors for a robust dividend at the end of the financial year. The financial group posted PAT of N68.256 billion ($179.03MN), up from N51.747 […]
Nigeria Hits Her Worst Economic Recession In Decades
Nigeria has slid into its worst economic recession in over three decades. Following the release of the Gross domestic product (GDP) numbers by the National Bureau of Statistics on Saturday , it is an indication that the nation recorded a contraction of 3.62 percent in the third quarter of 2020. This is the second consecutive quarterly […]
