#EndSARS: Nigeria To Lost N700bn– LCCI
The Lagos Chamber of Commerce and Industry says the Nigerian economy may have lost about N700bn to the #EndSARS protests in the last 12 days. The President, LCCI, Mrs Toki…
CBN Freezes 15 Textile Smugglers Accounts
The Central Bank of Nigeria (CBN) has frozen the accounts of 15 textile smugglers across the country. Deputy Governor Corporate Services of the CBN Mr. Edward L. Adamu made this…
NNPC Cut Loss By 99.7% In 2019 –Report
The Nigerian National Petroleum Corporation says it has recorded a 99.7 per cent reduction in its loss profile from ₦803billion in 2018 to ₦1.7billion in 2019. NNPC disclosed this in…
Inflation Rate Hits 13.7%, Highest In 30 Months
Nigeria’s inflation rose to 13.7 per cent in September, hitting its highest level since its 13.34 per cent rate of March 2018. The National Bureau of Statistics disclosed this in…
Yahoo Groups To Shut Down Dec 15
Yahoo has announced plans to shut down Yahoo Groups from December 15 over a steady decline in usage. Verizon, which bought Yahoo in 2017, announced the decision on Tuesday, marking…
WTO: Okonjo-Iweala Promise To Industrialized Africa
Paul Nwabuikwu, the Spokesperson for Dr Ngozi Okonjo Iweala, says his principal will ensure more industrialisation in Africa and Nigeria if appointed as the Director-General of the World Trade Organisation.…
States’ IGR Dropped To N612.87bn In H1 —NBS
The Internally Generated Revenue of states dropped to N612.87bn in the first six months of 2020 from N693.91bn in the corresponding period of 2019, the National Bureau of Statistics has…
Investors Gain N297bn As 36 Stocks Push Market Higher
Investors in the Nigerian equity market gained N297bn on Monday as 36 firms recorded price appreciation at the end of trading. The equity market sustained its positive outlook as the…
Just In: Chevron To Fire 25% Of Workforce In Nigeria
Chevron Nigeria Limited has said it will slash its workforce by 25 per cent as it is reviewing its manpower requirements in the light of the changing business environment. CNL…
40 Per Cent Of Bank Deposits In Dollars
HIGH networth Nigerians now prefer to save their cash in dollars, a report has shown. The Coronation Research in a survey discovered that dollar deposits constitute 40 per cent of…
