Sectors

Education

2025 UTME: JAMB to investigate mass complaints over low scores and technical issues

Financial Services

CBN warns Nigerians against fake contracts, grants, loans

Energy

Crude oil drilling set to resume in Northern Nigeria – NNPC says

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Sectors

News about Companies, SMEs, Startups

President Trump approves Oracle, Walmart deal with TikTok

by Olumide Adesina

September 20, 2020

Trump approved in principle a deal in which major Oracle and Walmart would partner with TikTok.

Hospitality & Travel

COVID-19: Transcorp Hotel loses about N1 billion every month – CEO

by Abiola Odutola

Transcorp Hotels has seen its revenues ravaged by COVID-19 induced lockdowns and implementing measures to save itself from further losses.

Financial Services

CBN grants Greenwich Trust Limited operational license for merchant banking

by Chidi Emenike

CBN has upscaled Greenwich Trust Limited to the status of a merchant bank.

Just in: FG bars Air France, KLM and other foreign airlines, FG to spend N13 billion for automation projects in 4 airports, domestic flights, international passengers, Coronavirus: FG enforces immediate screening of travellers at airports with new directive

Hospitality & Travel

Emirates Airlines banned from operating in Nigeria

by William Ukpe

UAE's Emirate Airline has been banned from operating in Nigeria.

Nigeria’s manufacturing sector contracts for 5th consecutive month – CBN , To test FX market, CBN pumps $50 million, CBN issues guidelines to Finance Institutions on establishment of Subsidiaries and SPVs, CBN injects $2.63 billion to defend naira in one month, CBN’s COVID-19 N50 billion targeted credit facility, CBN’s heterodox policies buoys credit growth, These industries drove business activities in September, Credit to Nigerian economy falls to N38.67 trillion as private stagnates at N30 trillion, Availability of secured credit to businesses and households increases as unsecured credit to households dips in Q3 2020 - CBN, CBN releases regulatory guidelines on the eNaira

Energy

CBN introduces N250 billion stimulus package for gas investment to ease pain of fuel price increase

by Chike Olisah

The CBN has introduced a stimulus package to help stimulate investment in gas as an alternative to fuel.

FCMB Pensions, AIICO Insurance Plc to Offer Right Issue Of ordinary shares worth N3.5 billion, DF Holdings, DF Holdings acquires additional 27.17 million units of AIICO shares worth N30 million.

Financial Services

AIICO Insurance to boost property, technology with proceeds from right issue

by Chidi Emenike

Right issue will increase the capital base of the firm from N11.6 billion to N15.1 billion.

Mark Zuckerberg loses $88 billion in less than a year as Meta misses again

Facebook to open Lagos office in 2021

by William Ukpe

When the social media giant comes to Nigeria, it will be its second office on the African continent.

Diaspora

US government to ban WeChat and TikTok from app stores

by William Ukpe

Chinese-owned social media apps are facing a ban in the US over national security concerns.

President Trump to decide fate of TikTok in 24-36 hours

by Olumide Adesina

US President, Donald Trump is to decide the fate of TikTok in the country in the next 24-36 hours.