Business

The Government has put created a framework for the collection, management and reporting of COVID-19 donations. According to the Minister of Finance, Budget and National Planning Zainab Ahmed, the…

Dangote Cement Plc, Africa’s leading cement manufacturer, is seeking to raise up to N100 billion in fresh funds from the bond market, under its NGN300 billion Debt Issuance Programme. …

OPEC and Russia have postponed a meeting planned for Monday until later next week, OPEC sources said on Saturday, as a row intensified between Moscow and Saudi Arabia over who is to blame for…

This year’s Forbes list of top-earning wrestlers has been released and surprisingly, Brock Lesnar sits atop the list with Roman Reigns coming second. The ten wrestlers who made the list pulled in a combined $38.5 million before taxes…

Juventus talisman Cristiano Ronaldo will become the third sportsman in the world after golf star Tiger Woods and boxer Floyd Mayweather Jr to have earned $1bn during his career. The Old Lady announced a…

FCMB Group Plc has announced its financial results for the year ended December 31, 2019. The audited results showed that the Group's gross revenue increased to N188 billion compared…

Mexico’s Grupo Modelo said on Thursday it will temporarily stop brewing Corona beer and other brands exported to 180 countries after its business activities were declared non-essential under a…

The International Air Transport Association (IATA), on Thursday, projected a potential revenue loss by airlines in Africa and the Middle East to have reached US$23 billion (N8.74…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) yesterday urged the Department of Petroleum Resources (DPR) to compel private depots owners to operationalize the new pump price of…

Mr Atedo Peterside Wednesday resigned from the board of directors of Nigerian Breweries Plc. The company secretary, Mr Uaboi Agbebaku, has informed the Nigeria Stock Exchange of the resignation.…

First City Monument Bank (FCMB) has announced a temporary suspension of the season seven edition of its promotion for savings account customers tagged, ‘’FCMB Millionaire…

The value of a country’s currency should, irrespective of whether it is operated on a fixed, floating or managed-float currency regime, depict the performance of the country’s economy and how long the country can maintain the…

In view of the coronavirus pandemic altering socio-economic activities around the world and as part of the on-going efforts to mitigate the effect on businesses and taxpayers, the Lagos State Internal Revenue Service (LIRS) has extended the…

The South African rand plunged to a record low after Moody’s downgraded the government’s debt before recovering slightly Monday. This came after the credit rating agency cut South Africa’s rating below investment grade, citing a…

With effect from today, the Central Bank of Nigeria (CBN) has suspended the clearing of all cheque instruments in the Nigerian clearing system. A circular signed and sent out to…

Nigeria’s local currency, the Naira, depreciated to N410 to the US dollar on the Parallel market on Friday in the face of looming uncertainties in the foreign exchange market. This comes as a consequence of the suspension of FX sales…

The Nigerian Ports Authority has directed all Terminal operators to suspend all applicable terminal storage fees on consignments (demurrage) for an initial period of twenty-one days effective March 23, 2020.…

Le Bijou, a Swiss luxury hotel, has launched a COVID-19 service for wealthy clients. Bloomberg Wealth reports that the hotel is offering clients meal delivery and medical services including COVID-19 tests. According to Alexander…

Leaders of the Group of 20 major economies pledged on Thursday to inject over $5 trillion into the global economy to limit job and income losses from the coronavirus and “do whatever it takes to overcome the pandemic.” Saudi…

.......Now world’s 77th richest person with $13.4bn The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, saw its total net worth drop by $2.5bn in the last 30 days, according…

The Central Bank of Nigeria (CBN) has suspended foreign exchange sales to the Bureau De Change (BDC) operators until further notice. The Association of Bureau de Change of Nigeria (ABCON) had on…

First City Monument Bank (FCMB) has assured its customers of prompt and convenient financial services accessibility and delivery, despite the ongoing challenges posed by the COVID-19 (coronavirus) pandemic…

The world may soon run out of space to store its extra oil as Saudi Arabia prepares to increase its fossil fuel production even as global demand for energy continues to fall due to…

Crude oil prices went up at trade opening on Wednesday with optimism that the $2 trillion aid package to stimulate the American economy would increase crude demand. International benchmark Brent oil prices crawled to $27.85 per…