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Thursday, 9th July, 2020
 Business News:
Nigeria: (May 06, 2020) - No fewer than 400 employees at the American University of Nigeria, Yola, have been laid off by the governing council of the university. The university was founded by the former Vice...
Nigeria: (May 03, 2020) -     As businesses worldwide take a hit as a result of the COVID-19 pandemic, Access Bank has informed employees that it will be implementing a reduced pay-structure,...
Nigeria: (May 01, 2020) - Access Bank PLC is planning to cut salaries of its workers to prevent job losses as lockdown occasioned by coronavirus has drastically affected its income. Sources in the bank told...
Nigeria: (May 01, 2020) - Indigenous oil and gas producers in the country as well as several Deposit Money Bank (DMB) operations may be heading towards a near collapse. This follows the inability of the oil...
Nigeria: (Apr 29, 2020) - The International Monetary Fund (IMF), on Tuesday, approved US$3.4 billion emergency financial assistance for Nigeria to fight coronavirus. The Executive Board approved Nigeria’s...
Nigeria: (Apr 21, 2020) - The National Bureau of Statistics on Tuesday said the Consumer Price Index, which measures inflation rose by 12.26 per cent year-on-year in March. The bureau in the CPI report said...
Nigeria: (Apr 19, 2020) - The Chairman and Chief Executive Offucer ( CEO) of Air Peace, Mr. Allen Onyema has declared he is not interested in politics, insisting he is a businessman without any political ambition. He...
Nigeria: (Apr 11, 2020) -     The African Development Bank (AfDB) is battling internal wrangles after some employees accused its president, Dr Akinwumi Adesina, of multiple abuses and breaches...
Nigeria: (Apr 10, 2020) - The World Bank Group said on Thursday that Coronavirus will drive many African countries, such as Nigeria, South Africa and Angola into recession, the first for Sub-saharan bloc in...
Nigeria: (Apr 09, 2020) - The African Development Bank (AfDB) launched a $10 billion COVID-19 response facility on Wednesday aimed at helping the continent confront the pandemic, which is already wreaking havoc...
Nigeria: (Apr 07, 2020) - Nigeria Federal Government is seeking $6.9 billion (equivalent of N2.53 trillion) from the International Monetary Fund (IMF), the World Bank, the African Development Bank and the Islamic...
Nigeria: (Apr 06, 2020) - About 20 million jobs are at risk in Africa as the continent’s economies are projected to shrink this year due to the impact of the coronavirus pandemic, according an African...
Nigeria: (Apr 02, 2020) - Coronavirus, also known as Covid-19, has infected the world and its systems. The social, economic, political and religious lives of the people are changing faster than ever imagined....
Nigeria: (Apr 01, 2020) - The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced further reduction of the pump price of Premium Motor Spirit (PMS) also known as petrol from N125 to N123.50k per...
Nigeria: (Mar 28, 2020) - International Monetary Fund Managing Director Kristalina Georgieva in Washington, DC on Friday said “it is clear” that world has “entered a recession as bad or worse”...
Nigeria: (Mar 23, 2020) - Africa’s richest man Aliko Dangote on Wednesday lost more than N240 billion in five hours as the effect of the coronavirus bit harder on the Stock Exchange. The World Health...
Nigeria: (Mar 20, 2020) - In a bid to take some basic precautions against the deadly coronavirus, Banks in the country have urged their customers to utilise their digital self-service solutions. Fidelity...
Nigeria: (Mar 17, 2020) -  The Central Bank of Nigeria (CBN) on Monday announced  N50 billion credit facility  for Micro, Small and Medium Enterprises (MSMEs) hard hit by Coronavirus (COVID-19). The...
Nigeria: (Mar 17, 2020) - The Republics of Togo, Niger and Benin owe Nigeria a total of N29.97bn for the electricity supplied to them from January to September last year, according to the Nigerian Electricity...
Nigeria: (Mar 15, 2020) - Africa’s richest man, Aliko Dangote has identified Nigeria’s large domestic market as an incentive to import substitution and diversification of the domestic economy. Dangote,...
Nigeria: (Mar 12, 2020) - Africa’s richest man and the President, Dangote Industries Limited, Aliko Dangote, will begin oil production in July from two assets he acquired from Royal Dutch Shell Plc. Dangote...
Nigeria: (Mar 08, 2020) -   Facebook offices in London have been reportedly closed after one of the employees was diagnosed with coronavirus. According to a report by Sky News, Facebook is closing...
Nigeria: (Mar 04, 2020) - As if a recession wasn’t enough bad news for South Africa, it’s now confirmed as the continent’s second-largest economy. The answer to the question of whether South...
Nigeria: (Feb 29, 2020) - The Dangote Group on Saturday said its $2 billion Granulated Urea Fertiliser plant, the biggest in the world, located at Ibeju Lekki, Lagos would begin operation in May. Aliko Dangote,...


 
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