Business
Get the latest business news in Nigeria, Africa and the world.
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Trump Threatens To Ban Popular App, TikTok, From US
President Donald Trump said Friday he will bar fast-growing social media app TikTok from the United States over security concerns.
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AfDB: Independent Review Panel Exonerates Adesina
The Independent Review Panel set up by the African Development Bank Bureau of Governors has exonerated Dr Akinwumi Adesina of any ethical wrongdoings.
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Air Peace Pilots Are Not On Strike, Says Management
The management of Air Peace on Wednesday has said that its pilots were not on strike against reports making rounds on social media.
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Sirika Speaks On Resumption Of International Flights
The Minister of Aviation, Hadi Sirika, has debunked reports that the closure of international airspace has been extended till October 15, 2020.
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FG Reveals Impact Of COVID-19 Lockdown On Nigeria’s Economy
The federal government has revealed the effects of the COVID-19 lockdown and physical distancing measures on the country’s economy.
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Okonjo-Iweala Thanks Buhari For Nominating Her For WTO DG
Nigeria’s former Minister of Finance, Ngozi Okonjo-Iweala has thanked President Muhammadu Buhari for nominating her for the position of Director-General of the World Trade Organization, WTO.
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Rehabilitation of Enugu Airport Runway Will Be Done In August – Sirika
Nigeria’s Minister of Aviation, Hadi Sirika, said that the rehabilitation work of Akanu Ibiam International Airport runway Enugu will be done by August 30.
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UK Bans Huawei 5G Equipment Over National Security
Network service providers have been banned by the government of the United Kingdom from buying Huawei 5G equipments due to national security.
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OPay Puts Its Business, Including Oride, On Pause
OPay has announced that it is placing some of its businesses on pause due to the effects of the coronavirus (COVID-19) pandemic.
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Wema Bank Announces Appointment Of Ajimisinmi As Executive Director
The Board of Directors, Wema Bank Plc on Wednesday announced the appointment of Mr Oluwole Ajimisinmi as an Executive Director of the bank.
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Don’t Come Near Airports, FAAN Warns Non-Travellers
The Federal Airports Authority of Nigeria has warned all non-travellers to stay away from airports ahead of the planned resumption of local flights.
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Qatar Airways To Slash Foreign Pilots’ Pay – Memo Reveals
As a result of the effect of COVID-19, Qatar Airways will slash some pilots’ salaries and make others redundant, it said in a memo seen by AFP Monday.
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COVID-19: Passengers To Arrive Airport Three Hours Before Take-Off
Due to COVID-19, passengers have been urged to arrive airports three hours before take-off time, the Federal Airports Authority of Nigeria has said.
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Nigeria, India, DR Congo House 43% Of World’s Poor – World Bank
A recent statistic from the World Bank on Tuesday has revealed that Nigeria, India and DR Congo have 43 per cent of the world’s poorest people.
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TCN Boss, Top Management Staff Get Appointment Letters
Acting Managing Director of the Transmission Company of Nigeria, Mr Sule Abdulaziz and four senior management staff have received their appointment letters.
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Ex-GMD Of Odua Investments, Sir Remi Omotosho, Dies At 75
Former Group Managing Director of Odua Investments Ltd, Sir Remi Omotosho, has died at the age of 75, according to reports.
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CBN Gives Directives To Banks On ATM, POS and Web Transfers
The Central Bank of Nigeria, CBN, has directed all banks in the country to resolve the backlog of all ATM, POS and Web customer refunds within two weeks starting June 8, 2020.
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Access Bank Opens Up On Plans To Sack Workers, Close 300 Branches
Access Bank has denied plans to sack 75% of its workers and close over 300 branches of the bank nationwide.
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NBS Reveals Nigeria’s Latest Inflation Rate
Nigeria’s inflation rate reached 12.26 percent in March, 2020, according to latest report from the National Bureau of Statistics (NBS).
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Nigeria’s Okonjo-Iweala Gets IMF Appointment
The International Monetary Fund (IMF) has named former Minister of Finance in Nigeria Ngozi Okonjo-Iweala as a member of its External Advisory Group.
