Business - Page 3 of 150

Nigeria, India, DR Congo House 43% Of World’s Poor – World Bank

By James Adeoni - 4 months

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.

TCN Boss, Top Management Staff Get Appointment Letters

By James Adeoni - 4 months

Acting Managing Director of the Transmission Company of Nigeria, Mr Sule Abdulaziz and four senior management staff have received their appointment letters.

Ex-GMD Of Odua Investments, Sir Remi Omotosho, Dies At 75

By James Adeoni - 4 months

Former Group Managing Director of Odua Investments Ltd, Sir Remi Omotosho, has died at the age of 75, according to reports.

CBN Gives Directives To Banks On ATM, POS and Web Transfers

By Anthony Adeniyi - 4 months

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.

Access Bank Opens Up On Plans To Sack Workers, Close 300 Branches

By Anthony Adeniyi - 5 months

Access Bank has denied plans to sack 75% of its workers and close over 300 branches of the bank nationwide.

NBS Reveals Nigeria’s Latest Inflation Rate

By CNG - 5 months

Nigeria’s inflation rate reached 12.26 percent in March, 2020, according to latest report from the National Bureau of Statistics (NBS).

Nigeria’s Okonjo-Iweala Gets IMF Appointment

By CNG - 6 months

The International Monetary Fund (IMF) has named former Minister of Finance in Nigeria Ngozi Okonjo-Iweala as a member of its External Advisory Group.

COVID-19: Investors Lose N2.3tr In Nigeria

By CNG - 6 months

The coronavirus (COVID-19) pandemic continued to hit hard on the equities sector of the Nigerian Stock Exchange (NSE) as investors lose N2.3 trillion in one month.

Naira Drops Further As Dollar Sells For N412

By John-Onivehu Andah - 6 months

Nigeria's currency, naira, dropped further on Monday as the US dollar exchanged for N412 at the Bureau De Change.

CBN Orders Banks To Work During 14-Week Lockdown

By Olugbenga Ige - 6 months

The Central Bank of Nigeria (CBN) says there will be no disruptions in banking services during the 14-day lockdown, Concise News reports.

Nigeria’s MPR Remains 13.5 Per Cent

By John-Onivehu Andah - 6 months

The Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) at 13.5 per cent.

IMF Fears Coronavirus Outbreak Could Cause Global Recession

By Donatus Anichukwueze - 6 months

The International Monetary Fund has warned that the global economy could suffer a severe recession “at least as bad during the 2008 global financial crisis or worse” in 2020.

Coronavirus: Nigerian Stock Exchange Suspends Trading Activities

By Olugbenga Ige - 6 months

The Nigerian Stock Exchange (NSE) has revealed that trading activities will be suspended due to the recent confirmed cases of Coronavirus (COVID-19) in the country.