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South Korea has asked China to remove economic sanctions imposed on South Korea due to the diplomatic row over the deplo

Success Nwogu, Ilorin Scores of members of Checking Point community, near International Aviation College, Ilorin, Kwara State, on Thursday protested against a five-month power outage in the area. The protesters marched to the Ibadan Electricity Distribution Company, Otte Service Unit, Baboko Business Office, singing war songs and displaying placards. Some ...

John Charles, Makurdi The Benue State chapter of the Nigeria Labour Congress has declared a one-week warning strike. It will commence on Tuesday, September 5, 2018. In a communique issued at the end of the State Executive Council of both the NLC and the Trade Union Congress held at the ...

Fitch Ratings has affirmed Nigeria’s Long-Term Foreign-Currency Issuer Default Rating at ‘B+’ with a negative outlook. Reuters on Thursday reported that Nigeria’s ratings were supported by its large and diversified economy, significant oil reserves, its net external creditor position, low external debt service ratio and large domestic debt market. These ...

Oyetunji Abioye with agency report The naira is expected to extend further its gain against the United States dollar owing to weak demand and increased supply of the greenback. The local unit, which closed at 370/dollar on Monday, closed at 365/dollar on Thursday. According to analysts and foreign exchange traders, ...

The Nigeria Deposit Insurance Corporation says 46 members of staff have graduated from the Chartered Banker/Master in Business Administration Programme at Bangor University, Scotland The graduates have also earned themselves triple qualifications of MBA, Bangor University; Associate, Chartered Institute of Bankers, Scotland the oldest professional banking institute in the world ...

The United States companies are deterred from investing more in Nigeria by its capital controls, according to the head of a US Congressional delegation visiting Nigeria, Sen. Chris Coons of Delaware. “Some of the currency controls that remain I think raise the question of whether foreign direct investment, if successful ...

Rasheed Bisiriyu and Ifeanyi Onuba The United Kingdom’s Department for International Development has defended its £200m ($258m) aid budget for Nigeria, even as the Federal Government pledged to work with the British government to stimulate and attract more direct private sector investments into the country. The UK Foreign Secretary, Boris ...

Deputy Prime Minister Mehmet Şimşek’s recent tweet on the size of Turkey’s economy blatantly “trolls” those who are closest to him. Following his tweet, which referred to the country’s purchasing power parity (PPP), Prime Minister Binali Yıldırım joined the chorus of those proclaiming that “we have attained our 2023 goals.”

The Turkish Foreign Ministry appointed new ambassadors to Croatia and Sudan on Aug. 30, state-run Anadolu Agency has reported.