Zenith Insurance profit rises 16% to N3.7bn

Zenith General Insurance Limited has released its full-year financial statements for the year ended 31 December 2019, showing positive improvements on a year-on-year, YoY, basis with profit before tax rising…

Uber Lays Off 3,000 More Employees

Uber on Monday announced it is cutting a quarter of its global workforce and trimming investment to survive the financial hit to its business from the coronavirus pandemic. The San…

APPLE DETAILS ITS APPROACH TO SAFETY STORES, PLANS TO REOPEN

Apple’s head of retail Deidre O’Brien has posted a letter on the company’s website detailing how it plans to safely restart operations at its retail stores. Apple shut all of…

OPERATIONS IN BANK ADJUSTED AS LOCKDOWN EASES

Deposit Money Banks are adjusting their operations and introducing measures for customers to access the banking halls as the lockdown directives ease. While some have been sending lists of branches…

LAGOS IBADAN EXPRESS WAY 2021 DELIVERY DATE BLEAK

There are indications that the 2021 planned delivery date for the ongoing reconstruction of the Lagos-Ibadan Expressway will be shifted again, following the stoppage of work on the project after…

JUST IN: FOREIGN AIRLINES MAY RESUME FLIGHTS TO ABUJA AND LAGOS BY JUNE

Some foreign airlines are allegedly planning to resume flights to Lagos, Abuja and Port Harcourt airports despite the ban on international commercial flights by the Federal Government in a bid…

Airtel extends work-from-home policy by 2 weeks

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…

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…

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…

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…