THE Naira on Wednesday appreciated marginally against the dollar at the parallel market in Lagos, exchanging at N358.50 to the dollar. The News Agency of Nigeria (NAN) reports that the Nigerian currency was 10 kobo stronger than N358.60 to the dollar traded on Tuesday, while the Pound Sterling and the Euro closed at N478 and […]
NEW YORK — Starbucks will eliminate plastic straws from all of its locations within two years, citing the environmental threat to oceans. The strawless lids will begin to appear in Seattle and Vancouver Starbucks this fall, with phased rollouts within the U.S. and Canada to follow next year. It will then spread to European countries […]
Namibia’s central bank, Bank of Namibia (BON), said Friday Banco Nacional De Angola (BNA) has settled its outstanding obligation to Namibia, with the last payment of 51.1 million U.S. dollars. BON Deputy Governor, Ebson Uanguta at the media briefing Friday in Windhoek said the settling of the outstanding obligation is a demonstration of the excellent […]
Aston Martin is working on a discounted customer share offer as it prepares for a £5bn stock market listing, Sky News learns. James Bond’s carmaker is drawing up plans to hand millions of pounds of discounted stock to wealthy customers as part of a London listing expected to value it at up to £5bn. Sky […]
The aeronautical company employs 14,000 people at several sites including Bristol, Stevenage and Portsmouth. Airbus is making plans to leave the UK in the event of a “no-deal” Brexit, which could lead to the loss of tens of thousands of jobs. The company employs 14,000 people directly at several sites including Bristol, Stevenage, Portsmouth and […]
The list of US products hit includes bourbon whiskey, cranberries, cosmetics, motorbikes, orange juice and jeans. The European Union’s retaliatory tariffs come into force today targeting American products, including whiskey, motorcycles and peanuts. Its duties target goods worth $3.3bn (£2.5bn) after the United States imposed tariffs on the bloc’s steel and aluminium. President Donald Trump […]
By Eromo Egbejule When supermarket owner Baba Acheme first bought a Point of Sale (POS) machine in 2014, the entrepreneur in Mubi — the commercial hub of the northeastern Nigerian state of Adamawa — thought it would help him collect payments for the groceries he sold. Now, four years later, Acheme finds that he’s using […]
The Democratic Republic of Congo plans to start work in 2018 on the frequently delayed Inga 3 hydropower project, after receiving a joint bid from two previously competing groups of investors. A treaty signed in 2013 provided for the Inga 3 plant to export 2,500MW of the 4,800MW of the power produced to SA. About […]
By Thomas Collins Akinwumi Adesina, President of the African Development Bank (AfDB), recently revealed that Africa’s annual infrastructure gap now stands at as much as $170bn. For many this will come as a shock. Only last year the bank projected a figure of $90bn – almost half. As Africa’s population booms – Nigeria for example will […]
By Justina Crabtree Google will open an artificial intelligence (AI) research center in Accra, Ghana, later this year, its first on the African continent. Other African cities including Addis Ababa, Kigali and Lagos have also been pushing their credentials as tech hubs. Ghana likely appealed to Google because of its high quality education system and […]
