• Brasile Argentina

    Argentina’s Country Risk Rises to 1,417 Points; Investors Fear Economic Measures

    RIO DE JANEIRO, BRAZIL - Argentina's country risk reached a maximum of 1,417 basis points on Tuesday, reflecting investors' fears about the behavior of the domestic economy and doubts about the international situation of the markets, traders told Reuters. They said that the financial problems faced by Argentina, which is ...

  • Brasile USA

    World Bank Improved Latin America’s GDP Growth Projection for 2021 to 3.7%

    RIO DE JANEIRO, BRAZIL - The World Bank (WB) reported on Tuesday, January 5th, that it projects an economic growth of 3.7% in Latin America and the Caribbean this year, improving its earlier estimate of 2.8% growth for the region, which has been severely affected by the coronavirus pandemic. "Regional ...

  • Brasile

    Brazil Stock Market Attracts 1.5 Million New Investors in 2020, 92% Rise over 2019

    RIO DE JANEIRO, BRAZIL - Although 2020 was a highly volatile year in the financial market, the low interest rate scenario prompted individual Brazilian investors to seek more risky assets when faced with ever lower yields on more conservative investments. According to data from the B3 stock exchange released on ...

  • Brasile

    Banco do Brasil to Sell 1,404 Repossessed Properties at Large Discounts

    RIO DE JANEIRO, BRAZIL - Banco do Brasil (BB) has announced the sale of 1,404 properties with discounts that could reach 70%. This offer includes houses and apartments at prices ranging from R$15,000 to R$21.7 million. The sales campaign is expected to run until January 15th. Information about the properties ...

  • Nigeria

    As Agriculture Provides The Headway

    By Our Editors It has become a tradition for Heads of State and Presidents of Nigeria to use New Year Day, January 1, of every year to make landmark speeches that beam light on the government’s programmes and policies aimed at nudging the country, especially the economy, in the desired ...

  • Nigeria

    No Political Influence On Our Business, Intels Clarifies

    BY YUSUF BABALOLA, Lagos After severing relationship with former vice-president, Atiku Abubakar, the Nigeria’s oil and gas logistic firm, Intels Nigeria Limited, said its business has not been hindered by political influences from the present government. The company, who made the clarification in a press statement issued yesterday, through its ...

  • Nigeria

    Global Economy To Expand By 4% In 2021 – W/Bank

    By MARK ITSIBOR, Abuja and BUKOLA IDOWU, Lagos The World Bank has predicted that global economy is expected to expand 4 per cent in 2021 if an initial COVID-19 vaccine rollout becomes widespread throughout this year. The report also predicted that the Nigerian economy is expected to grow by 1.1 ...

  • Nigeria

    85M Workers To Lose Jobs Over Business Automation

    BY BUKOLA IDOWU, Lagos A new study has revealed that automation of businesses is expected to reduce global jobs by 85 million as more businesses are set to rapidly digitalise work processes while robot revolution is expected to create 97 million new jobs. This was highlighted in the latest World ...

  • Nigeria

    APC, PDP Trade Tackles Over 2023 Presidency

    By CHIBUZO UKAIBE and ANDREW ESSIEN, Abuja   The All Progressives Congress (APC) and the opposition Peoples Democratic Party (PDP) exchanged tackles yesterday over the 2023 presidential race. The APC had fired the first salvo when it declared that Nigerians will not forgive PDP for the numerous transgressions and agony ...

  • Nigeria

    Electricity Consumers Kick As NERC Approves Another Tariff Increase

    BY CHIBUZO UKAIBE, MICHAEL OCHE, ABAH ADAH, Abuja, ANDREW OJIEZEL, DUSTAN AGHEDO and ADENIYI ADUNOLA, Lagos The organised labour and Electricity consumers in the country have condemned the latest increase in tariff by the Nigerian Electricity Regulatory Commission (NERC). In fact the Trade Union Congress (TUC) is demanding an immediate reversal ...