Posted in NAIJA BIZ

Covid-19: Tinubu asks FG to print more naira notes, outlines economic measures

The National Leader of the ruling All Progressive Congress (APC) and the former Governor of Lagos State, Asiwaju Bola Ahmed Tinubu, has urged the Federal Government…

Continue Reading...
Posted in NAIJA BIZ

Dana Air, Air Peace, others offer to help curtail disease spread

Domestic airlines such as Dana Air, Air Peace, Arik Air and Aero Contractors have offered their support towards helping the Federal Government with essential flight services…

Continue Reading...
Posted in NAIJA BIZ

NNPC, partners donate N11 billion to curb Coronavirus

The Nigerian National Petroleum Corporation and its partners in the oil and gas sector is set to donate the sum of N11 billion to curb…

Continue Reading...
Posted in NAIJA BIZ

What Warren Buffet will do if he traded Nigerian stocks

In 2011, Warren Buffett invested $5 billion in the Bank of America. On October 9, Bank of America CEO, Brian Moynihan was discussing this investment on the…

Continue Reading...
Posted in NAIJA BIZ

Fitch rates 3 Nigerian banks lower to ‘B’, places others on negative watch

Fitch Ratings has dropped the ratings of (three of the Tier 1 banks in Nigeria) Zenith Bank, Guaranty Trust Bank, and United Bank for Africa to…

Continue Reading...
Posted in NAIJA BIZ

Get your cash back with Standard Chartered Bank

Standard Chartered Bank has launched a cashback reward campaign running till the end of March 2020. The campaign will give a N3000 cashback reward to customers,…

Continue Reading...
Posted in NAIJA BIZ

The value of the Internet in difficult times

The Coronavirus disease (COVID-19) has definitely disrupted life across the globe while forcing people into self-isolation for an indefinite period. Despite all the gloom and doom, one way…

Continue Reading...
Posted in NAIJA BIZ

CBN cracks down on currency speculators

Nigerian currency traders are refusing to show rates to sell the U.S. dollar after the Central Bank of Nigeria (CBN) last week vowed to crack down…

Continue Reading...
Posted in NAIJA BIZ

CBN’s COVID-19 N50 billion targeted credit facility

The Central Bank of Nigeria (CBN) earlier this week released the guidelines for the implementation of its N50 billion targeted credit facility for households and Small and…

Continue Reading...
Posted in NAIJA BIZ

CBN suspends forex sales to BDC operators till further notice

Following the request of the Association of Bureau de Change Operators of Nigeria (ABCON) to declare market holiday on it’s members weekly bidding, the Central…

Continue Reading...
Posted in NAIJA BIZ

COVID-19: Tesla to produce ventilators to curb COVID-19 spread

The Chief Executive Officer of Tesla Inc, Elon Musk has disclosed that the company’s gigafactory located in New York would open soon for the production of ventilators amidst the…

Continue Reading...
Posted in NAIJA BIZ

BOC Gases Nigeria Plc proposes N0.30k dividend

BOC Gases Nigeria Plc has proposed a final dividend of N0.30k per N0.50k ordinary share, subject to appropriate withholding tax and shareholders  approval. The dividend will…

Continue Reading...
Posted in NAIJA BIZ

COVID-19: Nigeria cuts revenue targets in anticipation of economic shock

The Nigerian Government, in response to the economic woes caused by COVID-19, has announced that it has cut its revenue target from privatisation by 50%. The Minister…

Continue Reading...
Posted in NAIJA BIZ

Rivers health workers embark on indefinite strike over minimum wage

Health workers in Rivers State have embarked on an indefinite strike. The strike was at the instance of the Nigerian Labour Congress (NLC) and the Trade…

Continue Reading...
Posted in NAIJA BIZ

Just in : FG may stop interstate and inter-town travels

Latest reports suggest that interstate and intertown travels might be suspended in the country. This is coming on the heels of a statement from the…

Continue Reading...
Posted in NAIJA BIZ

Apple donates 10 million face masks to healthcare workers

Chief Executive Officer of Apple, Tim Cook has announced that the company would be donating 10 million face masks to health workers. The tech CEO, who made…

Continue Reading...
Posted in NAIJA BIZ

COVID-19: Teams, Slack make more money as firms adopt remote working

The past few weeks have no doubt been challenging for corporate persons and business establishments, as Coronavirus bites harder on a global scale. Many are being forced to engage in work-from-home situations, as business…

Continue Reading...
Posted in NAIJA BIZ

NCDC warns Nigerians against use of chloroquine for COVID-19

The Federal Government of Nigeria has insisted that chloroquine has not been approved as a cure for the coronavirus disease. The warning came from the Director-General of…

Continue Reading...
Posted in NAIJA BIZ

Coronavirus: Manufacturers seek waivers on import duties, seamless access to supplies

Manufacturers under the aegis of the Manufacturers Association of Nigeria (MAN) has called on the Federal Government to assist and support their businesses during this Coronavirus outbreak….

Continue Reading...
Posted in NAIJA BIZ

CBN directs staff to stay at home amid Coronavirus spread

Some staff members of the Central Bank of Nigeria (CBN), have been directed to stay at home amid the spread of the novel Coronavirus. In a statement obtained by…

Continue Reading...