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South Africa’s rand firmed in early trade on Wednesday ahead of consumer inflation data and as hopes of economic recovery increased global risk appetite.
South Africa’s rand edged firmer in tentative early trade on Wednesday, as investors weighed a surge in coronavirus infections in key global centres and more signs of a creaking local economy.
China's factory output rose again in May, while official data Monday also showed retail sales improved further after collapsing at the start of the year but officials warned the country faced a rocky recovery as it emerges from the coronavirus crisis.
Facebook on Tuesday said the coronavirus pandemic has users flocking to its services while it undermines ad revenue on which the world’s biggest social network depends.
South Africa’s rand weakened on Wednesday amid mounting fears over the fallout from the coronavirus crisis, while investors awaited consumer price inflation and retail sales data to gauge the health of an already battered domestic economy.
A new directive by the Central Bank mandates Nigerian banks to give N65 as loans for every N100 they have as deposits.
Domestic airlines operating in Nigeria recorded 16, 429 cases of delayed flights between January and June 2019 according to figures released by the Consumer Protection Department of Nigerian Civil Aviation Authority.
The world’s most influential consumer electronics company shed 44 billion dollars of market value after a pair of pronouncements from Beijing and Washington cast a spotlight on its massive Chinese production base, from which almost all of the world’s iPhones are made.
As part of measures to make the 2019 Higher Institutions Football league season, bigger, bolder and better, PACE Sports and Entertainment Marketing and the Nigerian University Games Association (NUGA) has organized an all-impactful coaching clinic in Lagos under the auspices of Manchester City and Premier Cool.
The Nigerian Communications Commission (NCC) is set to host the Conference of African Telecommunications Regulators on Consumer Affairs (CATCO) in Abuja from August 20 to 22.
Lagos Chamber of Commerce and Industry (LCCI) says the lending policy of the Central Bank of Nigeria (CBN) will normalise the credit markets, spur economic growth and broaden the interface between entrepreneurs and the banking industry.
The Central Bank of Nigeria has pegged bank deposit placement through its Standing Deposit Facility (SDF) at N2billion, saying that any amount in excess of that will not attract interest payment.
In a bid to further stimulate lending to the economy, the Central Bank of Nigeria, CBN, yesterday, said bank deposit placement through its Standing Deposit Facility, SDF, in excess of N2 billion will not attract interest payment.
The Central Bank of Nigeria, CBN, yesterday, said it would soon announce measures to limit the excessive appetite of banks for government securities.
A market survey conducted by the News Agency of Nigeria (NAN) showed that the affected commodities are foodstuffs, frozen foods, beverages and provisions, among other commodities.
The Nigerian Communications Commission (NCC) has again disclosed how the over 114 million Internet users in the country can be properly protected while online.
Huawei Technologies said on Monday its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology firm’s first-ever quarterly results.
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The Board of Africa’s biggest retailer, Shoprite International Limited, has announced plans to discontinue operations in Nigeria after 15 years.
South Africa’s rand fell to its weakest in more than three weeks on Monday, as fears about the economic fallout from rising COVID-19 cases dented investors’ appetite for riskier assets.
Ligue 1 champions Paris Saint-Germain are reportedly set to challenge Liverpool in their pursuit of Bayern Munich star Thiago Alcantara.
Kasper Schmeichel is "as good as any goalkeeper in the Premier League", according to Mark Bosnich, who says the Leicester No 1 would be a "fantastic" signing for Manchester United.
The planned defection of the deputy governor of Ondo state, Hon Agboola Ajayi, to the Zenith Labour Party this week is generating heat within his People Democratic Party.
The Governor of Nasarawa State, Engr. Abdullahi Sule, has sympathized with the paramount ruler of Panda, the Ohimege Opanda, HRH Alh. Usman Abdullahi, and the people of the area over the recent attack by gunmen in Dausu, Umaisha Development Area of the state that killed five people with many houses burnt.
The All Progressives Congress (APC) has attributed the return of Sen. Barnabas Gemade and the former Speaker of the House of Representatives, Yakubu Dogara, to the successful reconciliation efforts of the APC Caretaker Committee led by Gov. Mai Mala Buni of Yobe.
Gennaro Gattuso warned Napoli ‘have to put the ball in the net’ and have not been playing ‘with the bit between our teeth’ after a 2-0 defeat to Inter.
Bayern is asking for 30-35 million euros which is a fee that is quoted for Liverpool, Real Madrid is linked with a move for Eduardo Camavinga and Paul Pogba, the Rennes midfielder is also linked with a move to Bayern Munich but he is likely to wait until 2021.
Anthony Nwakaeme’s Trabzonspor claimed the 2020 Ziraat Turkish Cup after defeating Aytemiz Alanyaspor 2-0 on Wednesday night at Istanbul’s Atatürk Olympic Stadium.