The outcome of the US presidential election is on a knife edge, with Donald Trump and his rival Joe Biden neck and neck in key swing states. No candidate can credibly claim to have won as yet, and both campaigns said they had potential paths to victory. Mr Biden’s campaign …

The African Natural Resources Centre (ECNR) of the African Development Bank will hold the Inception Workshop for the Financial Modeling Project in the Extractive Sector (FIMES) on 09 – 10 November 2020, from 09.00 – 12.00 GMT. The FIMES project is a multinational project funded by the African Development Bank …

Oil prices reversed gains on Wednesday, with WTI futures trading near $37.6 a barrel and the Brent crude trading around $39.7 a barrel, as traders prepare for a long period without an outcome of the US presidential election as every single ballot needs to be counted amid tight races in …

The Minister of Foreign Affairs, Godfrey Onyeama, says plans are underway to reduce the number of International Organisations Nigeria belongs to because of paucity of funds. Mr Onyeama made this known while defending the ministry’s 2021 budget at the House of Representatives on Tuesday in Abuja. He said that the …

Remittances to sub-Saharan Africa are forecasted to drop to $44 billion this year, down 9% compared to 2019. This prediction by the World Bank is attributed to the pandemic currently hitting global economic activity. This situation could, according to the World Bank, exacerbate food insecurity and poverty in this part of …

US President Donald Trump and his Democratic challenger Joe Biden have spent the final hours of the White House race delivering their closing pitch to voters in critical states. Mr Biden campaigned in Pennsylvania and Ohio, as Mr Trump toured the voting battlegrounds of Wisconsin, Michigan, North Carolina and Pennsylvania. …

Oil prices gained ground this week, with the US benchmark rising above $36 a barrel amid signals that Russia, a key OPEC ally, is considering a possible extension of oil production restrictions into the first quarter of 2021 in the light of rising coronavirus cases worldwide. Fresh lockdowns announced across …

The Nigeria’s federal government generated N424.71 billion as Value Added Tax (VAT) in the third quarter (Q3) of 2020, the National Bureau of Statistics (NBS) announced on Monday. According to the NBS, in its “Sectoral Distribution of Value Added Tax Data for Q3 2020”, the new VAT represents an increase …

President Muhammadu Buhari Sunday in Abuja appealed to Nigerian youths to end street protests and participate in meaningful discussions with government aimed at comprehensive reforms to end all forms of police brutality against Nigerians. The President spoke in his message to the maiden National Youth Day celebration, observed on November …

Tanzanian President John Magufuli has officially won a second term, with a landslide victory of more than 84 per cent of the votes in this week’s election. His main opponent, Tundu Lissu, earned 13 per cent of the vote, according to the official count. Tanzania’s citizens have accepted the results. …