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Business

Nigeria’s inflation rate hits 12.26 percent

Nigeria's inflation rate has hit 12.26 percent in March 2020, the National Bureau of Statistics reports on Tuesday.

Rivers unseals Caverton Helicopters’ office

Rivers State Government has unsealed the business premises of Caverton Helicopters, following apology and commitment to be of good conduct…

Virgin Australia enters voluntary administration, Deloitte takes over

After being battered by the coronavirus crisis and a high debt load, .Virgin Australia Holdings Ltd said on Tuesday it…
Offshore oil rig

20 April : Unforgettable day for global crude oil prices

U.S. crude oil futures collapsed below $0 on Monday, 20 April for the first time in history. amid a coronavirus-induced…

Trump mulls stopping Saudi oil shipments as oil prices plunge into negative

U.S. President Donald Trump said on Monday that his administration was looking at the possibility of stopping incoming Saudi Arabian…

FBN Holdings Plc posts N28.7b PBT in Q1

FBN Holdings Plc. on Monday announced gross earnings of N159.7 billion for the three months ended March 31, 2020.
crude oil

No buyer for crude, price crashes below $2 a barrel

The U.S. crude futures plunged more than 85% on Monday to the lowest price on record as storage space for…
The Federal Government says the African Aviation and Aerospace University (AAAU), Abuja, will open for registration from Sept. 26 to Nov. 18.

Nigerian govt extends closure of airspace, airports by 14 days

The Federal Government on Monday extended the closure of the nation's airspace and airports by another 14 days as Coronavirus…

Australia orders Google, Facebook to pay domestic media

Australia Government has ordered Facebook Inc and Google's Alphabet Inc to share advertising revenue with local media firms, as the…

Tiamin Rice Mill replies Kano govt over ‘frivolous allegations’

The Kano State Government has closed down Tiamin Rice Mill along Zaria Road due to complaints of air pollution.

How Serial Entrepreneur, Wesley Virgin inspired Ariella Iorio into launching multi-million business

Ariella Iorio is a successful entrepreneur in the field of content and affiliate marketing. She is the manager of Virgin…

South West governors dissolve Odu’a Investment board

Governors of the six South-West states of Ekiti, Lagos, Ogun, Ondo, Osun and Oyo have dissolved the board of Odu'a…
Isaac Okoroafor

CACOVID relief fund gets bigger: CBN

The Central Bank of Nigeria (CBN) on Friday revealed that its Private Sector Coalition Against COVID-19, CACOVID relief fund has…

Netflix overtakes ExxonMobil in stock value

Netflix, the online movie streaming giant is now more valuable than ExxonMobil, the American oil giant.

Chevron debunks reports workforce stricken by coronavirus

Chevron Nigeria Limited said on Thursday that its workforce, both expatriate and indigenous is free of the coronavirus.

Moody’s maintains negative outlook for Nigeria

America's credit rating agency Moody's in a statement on Wednesday affirmed Nigeria's B2 ratings.

Amazon to hire 75,000 employees amid coronavirus

E-commerce company, Amazon is set to hire 75,000 employees to cope with the increase in demand of household goods due…

Caverton helicopters pilots granted bail

A Chief Magistrate Court in Port Harcourt, Rivers State on Tuesday granted bail to two pilots of Caverton Helicopters, Samuel…

IMF: Nigeria’s economy to shrink 3.4%, South Africa 5.8%

The IMF has projected significant economic contraction this year for Sub-Saharan Africa's two leading economies, Nigeria and South Africa.
IMF Managing Director, Kristalina Georgieva, expresses concerns over new U.S. tariffs, calling them a major risk to the global economy

IMF approves debt relief for 19 African countries(The List)

The International Monetary Fund on Monday announced immediate debt relief for 25 poor countries, to help them free up funds…

Trump says OPEC+ planned output cut 20 mbpd

Top global oil producers are considering output cut of 20 million barrels a day under the terms of a deal…
Experts laud CBN over planned recapitalisation of banks

No fee charged on COVID-19 loan application — CBN

The Central Bank of Nigeria (CBN) says the bank does not charge any fee on COVID-19 loan application as claimed…
Timipre Sylva

Nigeria pegs oil output at 1.412m barrels a day: Sylva

Nigeria is set to peg its daily oil output at 1.412 Million barrels per day from the average 1.87mbd, petroleum…

Nigeria reduces oil production after OPEC+ deal: Sylva

The Minister of State for Petroleum Resources, Timipre Sylva, has indicated Nigeria would be reducing oil production by more than…

Kia Motors set to shut Korean plants over virus

Kia Motors told its labour union in South Korea that it wants to suspend operations at three of its factories…

Oil producers agree record 9.7m barrels output cut

Top oil-producers agreed Sunday on "historic" output cuts in a bid to boost plummeting oil prices due to the new…

IMF appoints Okonjo-Iweala into advisory group

Nigeria's former finance minister, Dr Ngozi Okonjo-Iweala was named by the IMF on Friday as a member of its External…
Aiko Dangote

Buhari, others hail Aliko Dangote as he marks another year

Nigerians and Africans in the social media have celebrated Aliko Dangote, Africa’s richest businessman and philanthropist. The cement mogul, who…

Two Easy Ways To Get A Loan For An Investment Property

Securing capital for a real estate business is usually a tough task. There are quite a few platforms you can…
Energy theft

EEDC promises steady power supply for Easter

The Enugu Electricity Distribution Company (EEDC) has assured people in the southeast zone of improved, steady power supply during Easter.
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