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China took another step to degrade the dollar in defining the value of its currency, in an effort that cuts against its rival's stubbornly strong hold on the global financial system.

China took another step to degrade the dollar in defining the value of its currency, in an effort that cuts against its rival's stubbornly strong hold on the global financial system.

Kenya's export earnings dropped by 12.3 per cent in the third quarter of 2016 following reduced performance in the tea, coffee and horticulture sectors.

New year's central themes for Korea's big-five business groups can be summarized into two keywords--innovation and change.   In a situation where the special prosecutors intensify investigations over President Park Geun-hye and her confidante Choi Soon-sil, the business groups are beleaguered by a string of negative setbacks such as the rising wave ...

Korea's exports fell for two straight years in annual terms. The country, however, posted a trade surplus as its imports also declined. According to the Ministry of Trade, Industry, and Energy on January 1, the nation's exports amounted to US$495.5 billion last year, down 5.9 percent from a year ago. ...

Ted Odogwu, Kano A Kano-based business tycoon, identified as Alhaji Ismaila  Zubairu is feared to have been kidnapped by unknown persons in Okene, Kogi State, during a business trip. Family sources said the incident occurred on Friday at about 8.15pm in Okengwe on the Okene -Akure highway, where he disappeared ...

Local economy news According to statistics from the Central Bank of Nigeria, the apex bank spent $4bn from the nation’s external reserves to defend the local currency in 12 months, despite the staggering crash in the value of the naira against the United States dollar and other major foreign currencies ...

The plan by the National Institute of Marketing of Nigeria (NIMN’s) council led by Tony Agenmonmen to reposition the institute by sacking workers en masse and recruiting fresh hands is causing disaffection among members of staff, reports ADEDEJI ADEMIGBUJI. WHEN a former Senior Strat-egy Manager at Nigerian Breweries Plc Tony Agenmonmen ...

For the real sector, 2016 has been a challenging year–no thanks to low oil prices, dearth of public infrastructure and dwindling Foreign Direct Investment (FDI), among others. But, according to experts, with a stable macro-economic environment and improvement in public infrastructure, the sector will get the economy out of recession. ...

The management of Festival Mall, Amuwo Odofin, on the outskirts of Lagos has taken steps to boost the economy of its host community. The mall has also, in the spirit of the season, hosted children of Life Changers Orphanage to a day of fun. The mall, renowned for its pleasant ...