Business

FIRST BANK Nigeria Limited has announced partnership with government and other stakeholders to provide access to e-learning solutions to children across the country. The bank, in a statement, said the initiative is to support students and minimize the disruption to education resulting from schools’ closure following the Coronavirus (COVID-19) pandemic. “This …

UNITED Bank for Africa Plc, UBA, weekend, announced a donation of over N5 billion, through the UBA Foundation, to help contain the COVID-19 pandemic in 20 African countries where it operates. The bank said in a statement that the donation will provide much needed support to Nigeria and 19 other …

Samsung Heavy Industries Nigeria (SHIN) has recorded another major milestone in its operation as its fabrication & integration yard expanded services following a new lease from the Nigerian Port Authority (NPA). SHIN had received an approval from NPA backed by Presidential Committee for their license application to operate a private …

The Nigerian Stock Exchange (NSE) has granted a 60-day grace period to companies for the submission of Audited Financial Statements (AFS) due March 30, following disruptions by COVID-19. Mr Godstime Iwenekhai, NSE Head, Listings Regulation Department, disclosed this in a statement posted on the Exchange web site on Tuesday. Iwenekhai …

There are fears that global oil demand will soon plunge by more than 10 percent from the typical 100 million barrels per day, bpd consumption, as the raging coronavirus pandemic otherwise known as covid-19 forces countries into lockdown, according to the world’s biggest independent oil trader, Vitol. Demand destruction this …

Deposit Money Banks (DMBs) have advised their customers to use alternative digital channels for their transactions. Ecobank Nigeria Limited, Wema Bank Plc and Access Bank Plc have all reiterated the need for their customers to embrace digital platforms. This followed the outbreak of the COVID-19 pandemic, causing a lot of …

The outbreak of coronavirus has become a major threat to Nigeria’s economy, President Muhammadu Buhari has warned. He also identified bad harvests, conflicts in global locations and tariff changes in major world economies, as other factors negatively impacting the economy. The President’s fears are heightened by the dip in the …

The Standards Organisation of Nigeria (SON) on Tuesday destroyed substandard mobile phone accessories worth over N480 million. The move is to deter unscrupulous importers who indulge in illicit trade to short-change  unsuspecting consumers Director, Inspectorate, Compliance and Directorate, SON,  Mr. Obiora Manafa,  said the exercise yesterday in Epe, Lagos was …

A Jos-based inventor of generating set that generates real-time electricity without the use of fossil fuel, Mr Yange Henry, has called on both Plateau Government and the Federal Government to support inventors to boost their productivity. However,Yange made the call in an interview with Newsmen in Jos on Tuesday 4th …

The Federal Inland Revenue Service (FIRS) is collaborating with digital tax experts from across the continent on how to effectively tax digital businesses and operators in the informal sector of the economy. The Service is currently hosting a three-day conference of the African Tax Administration Forum (AFTA) where experts in …