Airtel extends work-from-home policy by 2 weeks – P.M. News Airtel Nigeria has extended its work-from-home policy by two weeks in a bid to safeguard them from contracting coronavirus and stem the spread of the virus. Airtel Managing Director and Chief Executive Officer, Mr. Segun Ogunsanya, made this known in a statement on Saturday in...
Category: Business
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N11.38BN CURRENCY IN CIRCULATION IN ONE MONTH
The total currency in circulation in the country rose to N2.3tn as of April 30 from N2.29tn on March 31, 2020. Latest statistics obtained from the Central Bank of Nigeria on Thursday indicated a rise of about N11.38bn in the period under review. The currency in circulation had earlier dropped by N61bn from N2.24tn as...
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MORE PUBLIC ASSET FOR SALE – FG
Indications have emerged that more public assets may be put up for sale by the Federal Government as the Bureau of Public Enterprises reviews the 2020 Privatisation Work Plan. Checks by our correspondent revealed that work on the review of the privatisation work plan is ongoing. The revised 2020 budget has a deficit of N5.37tn....
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GROUPS REJECTS DSTV NEW TARRIF
Subscribers under the aegis of the Association of Telephone, Cable TV and Internet Subscribers have rejected the proposed hike in monthly subscription to Pay TV during the coronavirus pandemic. The group, in a letter to MultiChoice, expressed their displeasure at the plan to increase monthly DStv/GOtv tariff in Nigeria starting from June 1. The letter...
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INFINIX LAUNCHES NEW NOTE 7
Infinix Note 7: Ditch Your Old Phone, And Grab The Infinix Note 7! Infinix is one of the market leaders in the smartphone arena across the world. When Infinix Note 7 was announced, a lot of people stopped for a double-take. It brings a much more premium build quality, better gaming performance, better video experience,...
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Toyota predicts 79.5% drop in profit
Toyota on Tuesday said it expected a 79.5 percent drop in its annual operating profit this fiscal year as it suffers “significant” fallout from the coronavirus pandemic. The Japanese auto giant declined to give a net profit forecast for the fiscal year to March 2021 but noted that the impact of the crisis on its...
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Court orders ARIK air to pay passenger N10 million over delayed flight
A Federal Capital Territory (FCT) High Court on Wednesday ordered Arik Air to pay N10 million to a passenger whose flight was delayed. The passenger, Isa Modibbo, who is diabetic, reportedly missed an appointment with his doctor in Sokoto after his flight from Abuja which was scheduled for 10:30 a.m. was delayed to 6 p.m....
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N47.2BN APPROVED TO BOOST ELECTRICITY SUPPLY – FEC
The Federal Executive Council on Wednesday approved N47.2bn to boost power supply in the country. It will supply additional 40 megawatts of power to the national grid, according to the Minister of Power, Mr Sale Mamman. He told State House correspondents after the FEC meeting, which was held via video conferencing, that the 40 MW...
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100,000 FREE QATAR AIRWAYS TICKET TO BE DISTRIBUTED FREE
Qatar Airways has said it will give away 100,000 free tickets to the front-line healthcare professionals to commend them for their heroic work during the current COVID-19 crisis. The airline, in a statement on Wednesday, said it had maintained 24/7 operations in recent months, including the provision of over 100 chartered flights. It said its...
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2020 BUDGET ADJUSTED TO N10.52 TN ADOPTS $25 OIL BENCHMARK – FG
The Federal Government on Wednesday adjusted the 2020 budget downward from the original N10.59tn to N10.52tn. The budget deficit is in excess of N5.3tn. The approval was made in Abuja by the Federal Executive Council meeting presided over by the President, Major General Muhammadu Buhari (retd.), at the State House. The new figures were captured...