Wednesday, May 13, 2026
Global hotel industry to see 43.4% growth to $284.7bn in 2021, but recovery remains slow
Revenues still $83bn below 2019 levels World’s five largest hotels lost $14bn amidst pandemic Thousands of cancelled vacations hit revenue...
Read moreDetailsMarket closes up as gains in MTN, DangCement, Guinness Plc lift the ASI by 0.41% due to buying interests
Charles Abuede Despite the plunge witnessed in the banking sector due to the price depreciation in GTBank and Zenith...
Read moreDetailsFlutterwave announces partnership with PayPal to enable merchants make and receive payments
Company considering plans for a New York Listing Charles Abuede Just days after successfully completing a Series C round of...
Read moreDetailsCBN set USSD service charge to N6.98 per transaction; banks to debit customers’ account
Charles Abuede The Central Bank of Nigeria (CBN) has stated that effective today, March 16th 2021, that deposit money...
Read moreDetailsAfDB commits $530 million in funding to power transmission in Angola
The project once operational in 2023 will mitigate the nation's annual spending on 46.8 billion litres of diesel yearly in...
Read moreDetailsHeadline inflation surged 17.33% y/y in February 2021 from 16.47%; highest in 4 years
Charles Abuede Recent inflation numbers published by the National Bureau of Statistics (NBS) has revealed that Nigeria’s headline inflation has...
Read moreDetailsDangote refinery risks downturn as world embraces renewable energy, Okonjo-Iweala warns
Tasks Nigeria on economic diversification Onome Amuge Ngozi Okonjo-Iweala, the director general of the World Trade Organization (WTO) has expressed...
Read moreDetailsAfDB projects Nigeria’s GDP to grow by 1.5%, W/A by 2.8% and Africa by 3.4% in 2021 if modest fiscal stimulus is sustained
Says counterbalancing forces will keep inflation muted over the medium term as it moderates by 9% in 2021 Africa’s growth...
Read moreDetailsNCAA suspends Azman Air flight operations, conducts audit
Mike Ochonma Business Editor The Nigerian Civil Aviation Authority (NCAA) has suspended Azman Air operations. The suspension was announced...
Read moreDetailsInvestors lose N45.3bn as market opens in red with price depreciation from GTBank, Nigerian Breweries
Charles Abuede The equities market remains depressed in the first trading sessions of the week as selloffs across top counters...
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