South African Airways faces wind-down or liquidation as cash runs out

South African Airways (SAA) faces a wind-down or liquidation after specialists appointed to try to save the state-owned airline said on Thursday they had...

Mikano sacks over 600 staff

As Lagos state Nigeria enters its third week of lockdown due to the Coronavirus pendamic, family members of over 600 staff sacked by Mikano...

IMF to meet April 28 on Nigeria’s request for $3.4 billion emergency fund

The International Monetary Fund (IMF) on Friday said it would meet on April 28 to consider Nigeria’s request for $3.4 billion in emergency financing...

Arik Air cuts workers’ salaries by 80 percent _ 90 per cent of...

Kelvin Osa Okunbor The coronavirus (COVID-19) pandemic is ravaging Nigeria’s aviation industry, forcing flag carrier Arik Air to take drastic measures including 80 per cent...

UBA records N32.7b profit before tax in Q1

United Bank for Africa Group (UBA) Plc has recorded double-digit improvement across all its major income lines in its first quarter ended March 31st,...

NCDC advises businesses to readjust, plan

As the fight against COVID-19 pandemic continues globally, the Nigeria Centre for Disease Control (NCDC) says there is need for Nigerians, especially businesses to...

NSE resumes April trading with 0.94 per cent loss

Activities opened for the month of April on Wednesday still on a bearish trend, with a loss of 0.94 per cent. Newsmen report that the...

Heritage Bank rolls out online banking

Heritage Bank Plc said it has taken steps to offer seamless online services to its customers, whilst ensuring the health and safety of their...

First Bank, others to boost e-learning

First Bank will from next month, partner with state governments and international organisations to provide e-leaning solution, its Chief Executive Officer (CEO) Dr. Adesola...

Dangote loses N240b in five hours to coronavirus

Taofik Salako,  WHO declares COVID-19 a pandemic Lagos isolates family of four, two others Africa’s richest man Aliko Dangote on Wednesday lost more than N240...

CBN clarifies position on operation of domiciliary accounts

By Mustapha Sumaila The Central Bank of Nigeria (CBN) says it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks...

NCS boss says non-compliance challenge to Nigeria’s trade

By Lucy Ogalue The Nigeria Customs Service (NCS) said Nigeria’s biggest problem in trade facilitation and processing was non-compliance by stakeholders. Col. Hameed Ali (rtd.) disclosed...

N441tr e-payments made in 90 billion deals

Nduka Chiejina, Abuja A huge N441 trillion e-payments were made in 90 billion transactions in 12 months, the Central Bank of Nigeria (CBN) has said. According...

SMEs: NEXIM Bank, partners seek quick passage of Nigerian Factory Bill

By Jacinta Nwachukwu The Nigerian Export-Import Bank (NEXIM), and its partners on Monday underscored the need for quick passage of the Nigerian Factory Bill to...

7.5% VAT takes effect February 1 as FG inaugurates FIRS board

Nduka Chiejina THE Federal government has said that the implementation of Value Added Tax (VAT) will to take effect from February 1, 2020. This is after...

Swiss National Bank expects profit of $50bn for 2019

The Swiss National Bank says it expects to post an annual profit of 49 billion Swiss francs (50.29 billion dollars). The bank made its expectations...

NSE: C&I Leasing, Cornerstone, Chams emerge best performing stocks in 2019

By Chinyere Joel-Nwokeoma C & I Leasing, Cornerstone Insurance and Chams emerged the best performing stocks in percentage terms on the Nigerian Stock Exchange (NSE)...

Living without credit card

In the advanced world, credit card offers people financial respite. In Nigeria, this all-important facility is almost non-existent despite the massive poverty level, writes CHINAKA...

Counting gains of border closure

Five months after the federal government closed all land borders across the country, indications are that the policy may have had a rippled positive...

2020: Worries over Nigeria’s diminishing oil fortunes

Nigeria’s potential as a major oil-producing country may be overrated as smaller countries hitherto unheard of have since overtaken Nigeria as the most sought-after...
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