The United States President, Donald Trump has spoken on what he has learned from his presidency. The American leader made the disclosure Tuesday night at an ABC News town hall in Philadelphia. Citing his personal loss to the COVID-19 pandemic,…
World Trade Organization: How an African head could make a difference
With three of the eight candidates to become the next leader of the World Trade Organization (WTO) coming from Africa, BBC Africa business editor Zawadi Mudibo looks at what difference having one of them at the helm would make for…
LUC: Lagos woos property owners with discounts, waivers
Tank farm operators get ultimatum on planning permit Lagos property owners are to heave a sigh of relief as the State Government has announced waivers in the payment of the Land Use Charges (LUC) for year 2017, 2018 and 2019.…
Capita to close over a third of offices permanently
Outsourcing firm Capita is to close over a third of its offices in the UK permanently, The firm, which is a major government contractor, is to end its leases on almost 100 workplaces. Business lobby group CBI has warned that…
COVID-19: Hungary Becomes First Schengen Country to Reclose Its Borders to Internationals
Hungary will reclose its borders for internationals starting from Tuesday, September 1, after a spike in the number of COVID-19 infections abroad, the Minister heading the Prime Minister’s Office Gergely Gulyás has announced. At a time when the majority of…
Buhari approves transfer of identity management agency to Communications ministry
President Muhammadu Buhari has granted approval for the transfer of the National Identity Management Commission (NIMC) to the Ministry of Communications and Digital Economy. A statement by the ministry’s spokesperson, Uwa Suleiman, sent to PREMIUM TIMES Monday morning, said the decision was to ensure…
FG says schools would reopen soon, 78 private universities ready to resume
The Federal Government has said that no particular date has been fixed yet for the full resumption of schools, although it continues to engage stakeholders and is optimistic that schools would be resuming soon. This was disclosed by the Minister…
The Naira is suffering so badly right now, here’s why you should be worried
A weakened Naira means a higher consumer price index and a rise in price of foodstuff. The Naira continues to weaken against the dollar (CBN) The Central Bank of Nigeria (CBN) has been holding on to scarce foreign currencies in…
Nigerian’s should expect “a significant devaluation” to N550/$1 – Goldman Sachs
A leading global investment banking firm, Goldman Sachs Group, this week, predicted that a significant devaluation of the naira is expected within the next 12 to 18 months. The investment firm believes this will help bring about “the desired balance”…
Tanker spills 1,000 tonnes of crude oil into Indian Ocean near Mauritius in environmental disaster
A ship that ran aground off the coast of Mauritius has leaked more than 1,000 tonnes of crude oil into the Indian Ocean. The island nation has declared a “state of environmental emergency” after the MV Wakashio vessel began to spill out…