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Nigeria’s First Bank to promote China-Nigeria ties with currency swap agreement

LAGOS, July 23 (Xinhua) — First Bank of Nigeria will make better use of the Nigeria-China currency swap agreement to promote the relationship of the two countries and increase business opportunities, an official said on Monday. In an interview with Xinhua in Lagos, Nigeria’s commercial hub, Andy Wang, First Bank’s Chief Representative Officer (CRO), said […]

Africa Breaking News Financial Politics

UK returns $85m relating to the Malabu scandal to Nigeria

                  The federal government has announced that UK authorities have returned $85 million (about N30 billion) relating to the Malabu scandal to Nigeria, Premium Times reports. The money, frozen at the request of Italian authorities, is part of the $1.092 billion paid by oil giants, Shell and […]

Breaking News Business Financial North America

Another richest man emerges, replaces Bill Gates

    By John Owen Nwachukwu Amazon Chief Executive Officers, CEO, Jeff Bezos is now the richest person in the world for the second time. Amazon stock opened up more than 8% higher than Thursday’s close, adding nearly $7 billion to Bezos’ net worth overnight. According Forbes, Bezos had a net worth of $89.7 billion, […]

Business Financial Technology

Bitcoin is still sliding after Thursday’s wipeout

Digital currency Bitcoin continues to fall against the dollar on Friday, following a 16% collapse in its value on Thursday. Bitcoin began sliding on Thursday after Chinese media reported that the country’s regulators were moving closer to shutting down exchanges. Business Insider first reported that China was looking at a crackdown on all cryptocurrencies after the People’s Bank of China […]

Business Financial

In China’s Hinterlands, Workers Mine Bitcoin for a Digital Fortune

One of the largest sources of Bitcoin can be found in the grasslands of Inner Mongolia, despite Chinese skepticism over its potential for risk. DALAD BANNER, China — They worked as factory hands, in the coal business and as farmers. Their spirits rose when a coal boom promised to bring factories and jobs to this land […]

Africa Financial News North America

More access to Africa on Delta Airlines with New York-JFK nonstop service to Lagos

NEW YORK – Delta Air Lines is offering customers a new way to reach Lagos, Nigeria, beginning March 24, 2018, via new service from the airline’s New York-JFK hub. Flights will operate three times weekly, complementing the existing four-times-weekly service from Atlanta. “JFK is one of Delta’s gateways to the world, and we’re proud to make that […]