Sectors
News about Companies, SMEs, Startups
Jumia reports N17.1 billion loss in Q2 as COVID-19 fail to boost revenue
Jumia reported a loss after tax of Eur 37.6 million (N17 billion) in the second quarter of 2020.
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Sterling Bank reveals N215 billion sequestered by CBN as CRR Debits
Sterling Bank Plc, one of Nigeria's tier 2 banks reported that the Central Bank of Nigeria's CBN restricted about N215.5...
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NNPC opens bid for repairs of pipelines and depots on a finance and operate basis
The project is expected to be operated on a public-private partnership basis.
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Air Peace to recall some sacked pilots after Minister’s intervention
Air Peace had trained over 80 pilots, giving its staff the best remuneration package.
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Facebook unveils F2 for payment and commerce plans, appoints David Marcus to head group
The F2 group will also pursue commerce opportunities across all the apps in the company.
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3 major ways COVID-19 will affect Banks’ 2020 profits
The oil price crash coupled with border closures have worsened Nigeria’s FX deficit.
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Five oil majors reduce value of their assets by $50 billion in Q2
Energy demand at one point was down by more than 30% globally.
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US gives reasons it warned citizens against travelling to Nigeria, lists 12 high risk states
The US government has issued a level 3 Travel Health Notice for Nigeria due to COVID-19.
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World’s largest oil company to pay $75 billion annual dividend, despite plunge in profits
Saudi Aramco is the national energy company of Saudi Arabia.
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Twitter shows interest in buying TikTok
TikTok has come under fire from US lawmakers over national security concerns surrounding data collection.
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