AdminSUSPEND DIVIDEND PAYMENT IMF ADVISES BANKS
The International Monetary Fund has advised commercial banks to retain their earnings by suspending payment of shareholders’ dividends during the COVID-19 pandemic. The IMF Managing Director, Kristalina Georgieva, made the…
NBS – FOREIGN DIRECT INVESTMENT DROPPED TO $214.25M IN Q1
Foreign Direct Investment into the country dropped to $214.25m in the first quarter of 2020 from $257.25m in the fourth quarter of 2019. The National Bureau of Statistics disclosed this…
WHAT HAS GONE WRONG WITH NIGERIA BANKING?
What has gone wrong with Nigerian banking? That was the question many asked as they saw pictures and videos shared on social media of crowds that besieged the gates of…
Tochukwu Chukwu
- Business , Tech
- May 24, 2020
- 256 views
Sterling Bank launches OneBank App
Sterling Bank Plc, Nigeria’s leading digital bank has launched a new, unique but simple banking application that can be used for all banking and payment transactions by its customers. Chief Digital Officer…
TOURIST SECTOR REOPENS IN SPAIN
Spain said on Saturday it would let in foreign tourists and restart top league football in the coming weeks, accelerating Europe’s exit from strict virus lockdown, as South America was…
LAGOS STATE REMAINS THE ECONOMIC CAPITAL IN NIGERIA – NBS RECENT DATA
Lagos State has retained its place as Nigeria’s economic capital, generating N398.7bn in 2019 alone. The sum is the equivalent of the combined internally generated revenues by 26 states of…
POULTRY FARMERS – CLOSURE OF HOTELS THREATENING OUR BUSINESS
Farmers in the poultry and fishery industries are lamenting the continued closure of hotels, drinking joints and other entertainment spots where their products are sold. They say the situation is…
EMEFIELE – THERE WILL BE NO FOREX FOR GOODS WITH LOCAL SUBSTITUTE
The Central Bank Governor, Mr Godwin Emefiele, has said that the CBN will not support the importation of items that can be produced in Nigeria with forex. As Nigeria continued…
NIGERIA SENATE BEGINS LOCAL CONTENT LAW AMENDMENT
The Senate on Tuesday passed for second reading the Nigerian Oil and Gas Industry Content Development Bill 2020. The red chamber said the amendments to the Nigerian Oil and Gas…
ABUJA, LAGOS AND P/HARCOURT AIRPORT FUMIGATED AS FAAN PLANS REOPENING
The Federal Airports Authority of Nigeria says it has commenced fumigation of International Airports in Lagos, Abuja, and Port Harcourt ahead of reopening of flight operations in Nigeria. General Manager,…
