CBN Moves To Revive Nigeria’s Dying Textile Industry

Central Bank of Nigeria (CBN), the apex bank of Africa’s most populous country, is currently making a seeming frantic effort to pump in oxygen...

No more FOREX for textiles, garments import: CBN governor

Textiles and garments imports have joined the FOREX restriction list of the Central Bank of Nigeria, the Governor, Mr Godwin Emefiele, announced in Abuja...

IMF Executive Board Concludes 2019 Article IV Consultation with Nepal

On February 8, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation  with Nepal. Nepal's economy is enjoying a solid expansion,...

Schlumberger Gets New COO

Schlumberger, a French top oil servicing company with a reported revenues of $33 billion in 2018, at the weekend announced that her Board of...

Why US Acquired Scottish Technology Firm

The main reason why the Scottish technology firm, Petrotechnics, is currently under US ownership following its sale by shareholders including Chief Executive Phil Murray and...

Russia Strikes Deal With Saudi

Russia’s Direct Investment Fund (RDIF) is hammering out a deal to supply pumping equipment to Saudi Aramco, CEO Kirill Dmitriev told Russian media outlets. In...

3 Years After, China Industrial Profits Nose-dive

The profits of Chinese industrial companies dropped for the first time in almost three years, highlighting the effects of slowing economic growth, falling prices,...

IMF To Inject $7.6bn Into Argentine Economy Under SBA

An International Monetary Fund (IMF) mission led by Roberto Cardarelli has said that, subject to the completion of review of Argentina’s IMF supported programme...

US Bans Imported Nigerian Fish

America has placed an embargo on processed Nigerian fish as the commodity has been denied access to the United States of America’s market since...

Congo’s Non-Oil Sector Remains in Deep Recession

Economic activity in the Democratic Republic of the Congo is said to be stabilizing even though growth in its oil sector is strong, the...

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