Sectors
News about Companies, SMEs, Startups
FG approves N8.64 billion for Phase 1 of Presidential Power Initiative
Phase 1 of the PPI includes projects in transmission, distribution, metering, simulation & training.
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Union Bank suffers N188 billion in CRR debits as at June 2020
We expect most banks will suffer similar fate when they release their earnings.
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COVID-19: Abuja Sheraton suffers 88% drop in revenues
Covid-19 lockdowns have negatively impacted Nigeria's hospitality sector.
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MultiChoice partners Walt Disney Company Africa, adds ESPN to sports channels
Both PayTVs increased the price of their packages by the end of Q1 2020.
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Nigerian banks have written off N1.9 trillion impaired loans in past 4 years
The COVID-19 pandemic has presented a new threat to Nigerian banks.
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Oil prices drop as market reacts to rising COVID-19 cases, US-China tension
Despite the drop, Brent crude is still expected to experience its fourth monthly gain in July.
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FCMB announces resignation of two directors from its Board
Both directors had been present at the company’s virtual AGM held in April.
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FG opens 14 airports for full domestic operations
Airports do not need ministerial approvals for all operations in and out anymore.
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Outrage on social media over NIPOST license fee increment
NIPOST's attempt to increase the registration fees for courier firms has generated outrage.
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Why the FG should reverse 6% tenancy, lease stamp duty – NLC
Wabba urged the government to reverse the policy, as Nigerians are still battling the COVID-19 fallouts.
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