Category: Business
Buhari blames Covid-19 for worst recession since 1987
President Muhammadu Buhari has blamed the country's current state of recession on the COVID-19 pandemic.
The President said this while declaring op [...]
We could have avoided this recession if you heeded my counsel – Atiku to Buhari
Former vice-president Atiku Abubakar says Nigeria could have averted sliding into a recession had President Muhammadu Buhari listened to his counsel [...]
Nigeria’s economy slides into second recession in five years
The Nigerian economy has slipped into its second recession in five years after the gross domestic product contracted the second consecutive quar [...]
UBA grows earning to N454.4bn, posts N99.4bn PBT in Q3
United Bank for Africa (UBA) Plc, has announced a commendable performance in its unaudited 2020 Third Quarter Financial Results, with impressive growt [...]
GTBank releases Q3 2020 unaudited results, reports profit before tax of ₦167.4bn
Guaranty Trust Bank plc has released its unaudited financial results for the period ended September 30, 2020 to the Nigerian and London Stock Exchange [...]
AMCON seizes Jimoh Ibrahim’s properties, freezes accounts over N69.4bn debt
The Asset Management Corporation of Nigeria has taken over 12 assets belonging to Chairman of Global Fleet Group, Jimoh Ibrahim, and frozen al [...]
Dangote urges private sector players to commit 1% of profits to fund health sector
Chairman, Aliko Dangote Foundation and Africa's biggest philanthropist, Aliko Dangote, has urged all operators in the private sector to commit one per [...]
Access Bank recognised as best digital bank in Africa 2020
For its continued investment in digital innovation, Africa’s largest retail bank, Access Bank PLC has been recognized as the ‘Best Digital Bank in [...]
Uzodinma demolishes hospital built by Okorocha
A state-of-the-art hospital built by the immediate past governor of Imo State, Owelle Rochas Okorocha, has been demolished by the current governor of [...]
NLC rejects fuel price hike, says it’s violation of agreement with FG
The Nigeria Labour Congress has rejected the fuel price hike from between N158 and N162 per litre to N168 and N170, stating that it has worsen [...]