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Business

ShopRite to exit Nigerian market after 15 years

August 3, 2020August 3, 2020 - by Admin - Leave a Comment
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Spread the NewsSouth Africa’s grocery retailer ShopRite is leaving Africa’s biggest market, Nigeria, 15 years after it opened shop in the West African country. The announcement by ShopRite came months …

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Business

Over 3,000 MSMEs petition National Assembly over NIPOST guidelines

August 3, 2020August 3, 2020 - by Admin - Leave a Comment
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Spread the NewsOver 3,000 Nigerian micro, small and medium enterprises (MSMEs) have written to the National Assembly, seeking a halt to the formulation of new guidelines to their business by …

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Business

Nigerians pay N47.6b in four months for petrol ‘subsidy’

July 27, 2020July 27, 2020 - by Admin - Leave a Comment
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Spread the News• Govt fails to keep uniform pricing despite fund• Pressure on govt to scrap equalisation fund• Marketers kick Government, in March this year, announced total deregulation of petrol …

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Business

International flights may resume before October – Sirika

July 21, 2020July 21, 2020 - by Admin - Leave a Comment
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Spread the NewsThe Minister of Aviation Tuesday said international flights may resume before October, noting that after consulting the ministry of health, foreign Affairs and the Presidential Task Force on …

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Business

Nigeria refines own gold, starts stockpiling in reserve

July 17, 2020July 17, 2020 - by Admin - Leave a Comment
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Spread the NewsNigeria has for the first time refined its own gold and purchased the refined product into a new gold reserve. On Thursday, the Central Bank of Nigeria (CBN) presented a …

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Business

FG, states borrow more, crowd out private sector

July 13, 2020July 13, 2020 - by Admin - Leave a Comment
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Spread the News• Real sector faces tougher times• Economists see more value in local bonds The months ahead may be more daunting for the real sector as government’s debt-funding plans …

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Business

FG hands over National Theatre to CBN, bankers

July 12, 2020July 12, 2020 - by Admin - Leave a Comment
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Spread the NewsThe Federal Government on Sunday handed over the National Theatre at Iganmu, Lagos State, to the Central Bank of Nigeria and the Bankers Committee for rehabilitation. During the …

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Business

Poultry industry may soon collapse over COVID-19 —PAN

July 12, 2020July 12, 2020 - by Admin - Leave a Comment
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Spread the NewsThe Poultry Association of Nigeria has raised the alarm over the effects of COVID-19 on the industry. The association declared that the industry “is under siege and may …

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Business

Investors shun bank shares despite N260 billion Q1 profit

June 23, 2020June 23, 2020 - by Admin - Leave a Comment
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Spread the News• Over 65% of stocks undervalued• Banks trade at a discount• Operators blame capital flight, task govt on patronage Nigeria’s investment climate, especially that of the stock market, is …

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Business / COVID-19 Updates

First bank unfolds measures to protect customers after Marina branch staff tested positive

June 18, 2020June 18, 2020 - by Admin - Leave a Comment
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Spread the NewsThe management of First Bank Limited yesterday announced it has activated its emergency response programme to protect customers and other stakeholders after a staff at its Marina Lagos …

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