BUSINESS
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COVID- 19: Expo 2020 Dubai Postponed To October 2021
The Expo 2020 global trade fair, which was to be hosted by Dubai, has been postponed by a year due…
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Lagos Govt Issues New Guidelines On Reopening Markets
The Lagos State Government has in a fresh statement said markets, where non-food items are sold, will be allowed to…
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CBN, Bankers’ Committee Prevails On Banks To Suspend Laying Off Workers
The Central Bank of Nigeria (CBN) and the Bankers’ Committee have prevailed on banks by jointly agreeing to suspend sacking…
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COVID-19: Global Smartphone Shipment Suffers Largest Year-Over-Year Decline in Q1 2020
Worldwide smartphone shipments decreased 11.7% year over year in the first quarter of 2020 (1Q20), according to preliminary data from…
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Access Bank To Cut Salaries, Rationalise Staff
In a trending video clip during an employee town hall meeting, Access Bank’s Group Managing Director/CEO, Herbert Wigwe has laid…
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CBN Extends Deadlines For Minimum Capital Compliance For Microfinance Banks
The Central Bank of Nigeria has extended the deadlines for compliance with the minimum capital requirements for Microfinance Banks (MFBs)…
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COVID-19: Shell Cuts Dividend For First Time Since WWII On Oil Crisis
Royal Dutch Shell cut its dividend for the first time since World War Two on Thursday in a drastic step…
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COVID-19: IMF Executive Board Approves US$ 3.4 Billion in Emergency Support to Nigeria to address the Pandemic
The IMF has approved US$3.4 billion in emergency financial assistance under the Rapid Financing Instrument to support the authorities’ efforts…
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CBN’s N50bn Loans To SMEs, Others, To End 2024
The Central Bank of Nigeria has set December 31, 2024 as the exit date for its intervention loans to the…
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World Bank Says Global Remittances Will Decline By 20% In 2020
World Bank has said that global remittances are projected to decline sharply by about 20 percent in 2020 due to…
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