FBN Holdings Plc in its unaudited results for the three months that ended on 31st March 2020 made N104.9 billion from interest income, lower than…
Business News Report
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Independent Corrupt Practices and Other Related Offences Commission, ICPC, is probing acting Director-General of the National Pension Commission (PenCom Aisha Dahir Umar…
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BusinessEconomyNews
COVID 19: DICON Produces Low Cost Ventilators, PPEs and High Quality Sanitisers to curtail Pandemic.
The Defence Industries Corporation of Nigeria, DICON has produced a low cost mechanical ventilator ‘DICOVENT’, capable of using electricity and rechargeable batteries…
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BusinessEconomynew
US restaurant industry asks Congress for $240bn in federal aid to survive coronavirus
The leading restaurant lobby on Monday asked Congress for $240 billion in federal aid, saying the industry has suffered more than any…
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Trading activities on the local bourse resumed the week negative with a 1bp marginal decline in the All-Share Index to close at…
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AgricultureBusinessEconomy
Nigeria to lose $160m non oil export of cocoa, cashew, Sesame seeds to COVID-19
Indications are that Nigeria will lose over $160 million from cocoa and cashew exports in 2020. Non oil exports such as Cocoa,…
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Oil prices have plunged further below $5 a barrel with the threat to erase decade of demand growth with thousands of jobs…
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The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigeria Navy are set for a regime of improved information sharing as…
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NewsOil and Gas
PENGASSAN suspends industrial action, Exxon Mobil donates bags of gari to host community
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has suspended its planned industrial action after 21 Exxon Mobil Corporation…
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Standard Organisation of Nigeria SON has said that in furtherance of National efforts at tackling the coronavirus pandemic in Nigeria, it has…
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EconomyFinanceNews
African Development Bank denies claims it plans to provide financial support to East African Crude Oil Pipeline Project
African Development Bank has denied claims that the institution plans to provide financial support to the East African Crude Oil Pipeline Project.…
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Lagos Chamber of Commerce and Industry (LCCI) has tasked the Nigerian National Petroleum Corporation (NNPC) on legal backing to consummate its process…
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South African Airways (SAA) is offering severance packages to its entire workforce of around 5,000 workers, a proposal by the airline’s administrators…
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EconomyFinanceNews
IMF/WB Development Committee backs G20 debt service suspension initiative, Nigeria makes case for IDA
Minister of finance Zainab Ahmed said a debt relief agreement reached at the ongoing IMF/World Bank Group virtual Spring Meetings to help…