Access Bank To Refund Stamp Duty Deductions
Access Bank says it will bear the cost of the stamp duty deducted from their customers from February to April....
Zuckerberg Loses $7.2bn As Unilever, Coca-Cola, Others Boycott Facebook Ads
Billionaire Mark Zuckerberg became $7.2 billion poorer after some firms pulled out their adverts from Facebook citing the company’s failure...
Morocco’s Fertilizer Firm, OCP Group, To Commission $1.5bn Plant In Nigeria
Moroccan fertilizer firm OCP Group says it will commission the $1.5bn (N503bn) ammonia plant in Nigeria by 2024. The $1.3...
Google Launches Google for Nonprofits in Nigeria
Google has launched Google for Nonprofits in Nigeria. Google for Nonprofits aims to empower not-for-profit organizations by providing them with...
Canada Beats US For The First Time In Most Competitive Economies Ranking
Canada has beaten the U.S. for the first time ever in a ranking of the world’s most competitive economies, in...
US Claims Huawei Is Backed By Chinese Military
The US Defense Department has determined that 20 top Chinese firms, including Huawei, are either owned by or backed by...
Nigeria’s Economy Growth To Slide By 5.4% – IMF
The International Monetary Fund has further projected a 5.4% reduction in Nigeria’s economic growth as a result of the COVID-19...
Johnson & Johnson To Pay $2.1bn Over Cancer-causing Talcum Powder
A US court has upheld a verdict that talcum powder sold by Johnson & Johnson caused ovarian cancer and ordered...
World Bank Approves $750m Loan For Nigeria’s Power Sector
The World Bank has approved a $750million loan for Nigeria to help improve the country’s power sector. The Bank in...
Nigerian Stock Market Records ₦190bn Loss
The Nigerian Stock Market, last week, recorded a loss of ₦190bn as the capitalisation of equities dropped down below ₦13trn....
CBN To Support Farmers With N432bn
The Central Bank of Nigeria says it will support farmers of nine key commodities for the 2020 planting season with...
JUST IN: At 12.40%, Nigeria Hits Highest Inflation Rate In 2 Years
Nigeria’s inflation rate has increased to 12.40% in May 2020, making it the highest recorded in the country in two...
Cracker Barrel Ventures Into Sale Of Alcohol
Alcohol has been added to the menu at select Cracker Barrel Old Country Store locations as the chain works to...
Nigeria’s Foreign Trade Drops From 10.12trn To N8.3trn In Q1 2020
Nigeria’s foreign trade, including imports and exports, reduced by 18% in Q1 2020 from N10.12 trillion in the fourth quarter...
Stock Investors Gain N1.18trn In May
Nigeria’s stock market investors recorded a gain of N1.18trillion in a month as the market capitalisation rose above N13tn. The...
CBN Reduces Interest Rate To 12.5%
The Central Bank of Nigeria has reduced Monetary Policy Rate (MPR) from 13.50% to 12.50% and retained CRR at 27.5%,...
Nigeria’s GDP Increases By 1.87% In Q1 2020
The Nigeria Bureau of Statistics (NBS) says Nigeria’s Gross Domestic Product expanded by 1.87% in the first quarter of 2020....
Nigeria’s Inflation Rate Rises To 12.34% In April
The consumer price index which measures Nigeria’s inflation rate has increased by 12.34% in April, the Nigeria Bureau of Statistics...
CBN, NNPC To Spend N1bn On Returnees Feeding, Accommodation
The Central Bank of Nigeria and the Nigerian National Petroleum Cooperation have offered to foot the bills of quarantining citizens...
Naira Sells At ₦450 Per Dollar
The rate of Naira slumped to N450 per dollar on Thursday at the Parallel Market. The naira is seen weakening...