3,903 jobs lost in six months, say Nigerian manufacturers
A total of 3,903 jobs were lost in the manufacturing sector in the second half of last year, the Manufacturers
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AfDB named world’s best multilateral financial institution
The African Development Bank has been named by Global Finance as the best multilateral financial institution in the world. The
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US oil production suffers largest annual drop amid COVID-19
The United States crude oil production averaged 11.3 million barrels per day in 2020, down 935,000 b/d (8 percent) from
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Sterling Bank appoints new non-executive directors
Sterling Bank Plc has announced the appointment of two non-executive directors, Mr Ankala Syam Prasad and Paritosh Tripathi. The bank
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Naira weakens to $482 as new CBN scheme begins
The Nigerian currency closed weaker against the dollar as the ‘Naira 4 Dollar Scheme’, introduced by the Central Bank of
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UBA profit rises 27.7%, customer deposits hit N5.68trn
The United Bank for Africa Plc has reported an increase of 27.7 percent in its profit after tax for the
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Champion Breweries’ pretax profit up 102%, revenue hits N7.05bn
Champion Breweries Plc has reported an increase of 102.42 percent in its profit before tax for the 2020 financial year.
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Why diaspora remittances collapsed in Nigeria – RenCap
Diaspora remittance flows into Nigeria collapsed because of the wide gap between the country’s official exchange rate and the Bureau
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Oil price falls after climbing above record $70
Brent crude, the global oil benchmark, has dipped after rising above the $70 per barrel mark on Monday for the
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Seplat paid $564.17m to Nigerian govt in 2020
Seplat Petroleum Development Company Plc announced on Monday that it paid a total of $564,165,102 to the Nigerian government last
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