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Business

Apr 09, 2020
The coronavirus and its economic consequences have caused economic tsunamis in every country in the world. The scale of the onslaught will dominate discussions at the International Monetary Fund (IMF)/World…
Apr 08, 2020
The suspension of the subsidy regime on petroleum products announced by the Nigerian National Petroleum Corporation (NNPC) two days ago would not be seamlessly implemented except the Nigerian Government refrained…
Apr 06, 2020
Judge Sloss once explained, "A thing is impossible in legal contemplation when it is not practicable; and a thing is impracticable when it can only be done at excessive and…
Apr 06, 2020
Dangote Cement Plc, says it plans to raise up to N100 billion in fresh funds from the bond market, under its N300 billion Debt Issuance Programme.   The plan seeking…
Mar 27, 2020
Every Tuesday, Alemondji market in northern Togo swarms with people. Amid the throng, Burkinabe and Ghanaian traders offer clothes and kitchen utensils for sale. Others, calling out their wares, come…
Mar 24, 2020
Statistics released on Sunday by the Nigerian National Petroleum Corporation (NNPC) reflects that it sold around 21.51 billion litres of petrol estimated at N2.64 trillion, indicating the aggravating pressure of…
Mar 24, 2020
Nigeria has marked down the prices of different grades of its crude in an effort to stimulate sales and clear glut after buyers rejected more than 50 cargoes of its…
Netflix has increased its investment in Nigeria’s film industry, Nollywood. The dominant streaming company announced its presence via its newly created Twitter handle, NetflixNaija, while also detailing plans to commission…
Mar 20, 2020
Bentley will stop car production at its British factory from the end of Friday for four weeks over the coronavirus outbreak, one of the final automakers in Britain to announce…
Mar 20, 2020
A glut of unsold, high quality Nigerian crude continues to build up with weak global demand caused by coronavirus and surplus supplies by Saudi Arabia, UAE, Russia and other OPEC…
Mar 19, 2020
While there is a lot of uncertainty around the economic impact of the novel coronavirus 2019 (COVID-19) outbreak, one thing that is certain is that it will change the way…
Mar 19, 2020
Walmart-owned Massmart announced on Thursday in a notice to shareholders that 23 Dion Wired stores will stop trading from today. It will still decide whether it will close 11 non-performing…
The Federal Executive Council (FEC) on Wednesday approved a N1.5 trillion cut from this year’s budget, Finance, Budget and National Planning Minister Mrs. Zainab Ahmed, told reporters after the FEC…
Mar 18, 2020
Amazon.com Inc said it would hire 100,000 warehouse and delivery workers in the United States to deal with a surge in online orders, as many consumers have turned to the…
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