Indians In Nigeria Laud Inauguration of Nigeria-India Business Council 

Indians In Nigeria Laud Inauguration of Nigeria-India Business Council 

Indians in Nigeria have expressed excitement over the newly inaugurated Nigeria-India Business Council designed to further strengthen the bilateral relations between the two countries.  General Secretary of the Afro Asian Initiative for Community Development (AAICD), Nigeria Chapter, Mr Kumar Pravin,  in...
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Food Prices Hit Record High

Food Prices Hit Record High

UN food agency on Friday said World food prices jumped nearly 13 per cent in March to a new record high as the war in Ukraine caused turmoil in markets for staple grains and edible oils.  The Food and Agriculture...
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Oil Surge Rattles Markets As Ukraine Conflict Intensifies 

Oil Surge Rattles Markets As Ukraine Conflict Intensifies 

Oil prices soared again on Thursday as the Ukraine war triggered a dash for commodities that could be in short supply, while stock markets slipped as investors worried about higher inflation and slowing economic growth.  Brent crude oil rose more...
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Canada To Ban Imports Of Crude Oil From Russia

Canada To Ban Imports Of Crude Oil From Russia

Canadian Prime Minister Justin Trudeau has announced a ban on Russian oil imports following the country’s invasion of Ukraine. Mr Trudeau said oil revenues have helped to prop up President Vladimir Putin and Russian oligarchs.  Coordinated Western s...
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Heineken To Put Up Prices As Costs Soar 

Heineken To Put Up Prices As Costs Soar 

Heineken, the world’s second-largest brewer, has warned that it will increase the price of its beers due to the impact of inflation. The firm, which sells brand including Strongbow cider, Amstel and Europe’s best-selling lager, Heineken, blamed soa...
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Many Dead As Snow Traps Drivers In Their Vehicles

Many Dead As Snow Traps Drivers In Their Vehicles

At least 21 people have died after heavy snow trapped them in their vehicles in northern Pakistan.  BBC report that as many as 1,000 vehicles became stranded as would-be tourists reportedly rushed to view the winter snowfall in the hilltop...
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Equinix Acquires MainOne For $320m

Equinix Acquires MainOne For $320m

Equinix Inc, international digital infrastructure company, on Tuesday announced its expansion into Africa through $320m acquisition of MainOne, a leading West African data center and connectivity solutions provider.  Charles Meyers, CEO, of Equinix, expla...
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Countries Reach Deal To Cut Trade Costs

Countries Reach Deal To Cut Trade Costs

Members of the World Trade Organization (WTO) have agreed on a landmark deal that could cut trade costs by £113bn a year.  Some 67 members agreed to cut red tape around licensing and qualifications.  The signatories, which include the UK,...
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World Leaders Approve Corporate Tax Deal

World Leaders Approve Corporate Tax Deal

Leaders of the world’s 20 major economies have approved a global agreement that will see the profits of large businesses taxed at least 15%. It follows concern that multinational companies are re-routing their profits through low tax jurisdictions. ...
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Buhari Commiserates With America Over Colin Powell’s Death

Buhari Commiserates With America Over Colin Powell’s Death

President Muhammadu Buhari has offered his deepest condolences to President Joe Biden, the government and people of the United States, on the passing of the former Secretary of State, Gen. Colin Powell.  The President’s condolence message is contained i...
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Nigerian Community Raises $33,000 For New York City Mayoral Candidate

Nigerian Community Raises $33,000 For New York City Mayoral Candidate

The Nigerian community in New York has raised 33,000 dollars in its ongoing efforts to support the Democratic nominee for the Mayor of New York City in the November election, Mr Eric Adams.  Chairman, Board of the Organisation for the Advancement...
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China To Open Third Stock Exchange

China To Open Third Stock Exchange

China has announced plans to set up a third stock exchange to serve small and medium-sized businesses. President Xi Jinping said the new share market will be in the capital Beijing, during a speech to the International Fair for Trade...
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Tanker Crew Arrested Over Crude Oil Theft

Tanker Crew Arrested Over Crude Oil Theft

The captain and 18 crew members of oil tanker, MT Strovolos have been detained by the Indonesian Navy on suspicion of stealing nearly 300,000 barrels of crude oil. According to World Maritime News, the Bahamas-flagged tanker was seized by the...
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UK To Welcome 20,000 Afghans

UK To Welcome 20,000 Afghans

Thousands of Afghan refugees will be resettled in the UK after the Taliban seized control of Kabul, the UK government has promised. The new scheme will see up to 20,000 Afghans offered a route to set up homes in the...
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