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Category: Business

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Chelsea won nearly $200 million in the Premier League this season

Chelsea held off a late-season rally from Tottenham Hotspur to win their second Premier League championship in three years. The title also came with a lot of money....

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Naira appreciates against dollar

The Nigerian naira on Friday strengthened slightly at the parallel market. The local currency appreciated by one point against the dollar, moving from N391 to N390...

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EFCC reportedly uncover $3million Lagos hotel Governor Yari built with Paris Club funds

Officials of the Economic and Financial Crimes Commission (EFCC), have reportedly told Sahara Reporters, that they have discovered a hotel being contructed by Governor...

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Naira weakens to 410/dollar

The naira weakened to 410 per dollar against the United States currency on Tuesday, down from 405/dollar recorded on Monday.   This was despite the Central Bank of...

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Firm wants Guinness wound up over N175m debt

A pharmaceutical company, Pharma-Deko Plc, has approached the Federal High Court in Lagos seeking the winding up of Guinness Nigeria Plc over an alleged debt of ...

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Naira exchanges at N510/$ at parallel market

The Naira has continued to depreciate at the parallel market in spite of the steady rise in the nation’s foreign reserves. The Nigerian currency lost three points at...

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Glencore buys out billionaire with $1bn Congolese mining deal

Glencore agreed to a $960m deal that will boost ownership of two giant Congolese cobalt and copper mines, and sever its ties with controversial Israeli billionaire Dan...

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Germany to invest in Kenya

Last week, Kenya hosted the inaugural Germany-African Business Summit, a forum that is the brainchild of Germany, the fourth-largest economy in the world and the biggest...

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Botswana airline to be privatised

Botswana put its national airline up for tender on Monday as part of its latest drive to privatise loss-making state companies. Air Botswana would be the second such...

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Rhoda Afrika’s blooming flower business

Rhoda Afrika, who began her flower business in an outside stall, will supply thousands of flowers to around 40 Shoprite and Checkers stores in the Free State this coming...