BUSINESS

Back to homepage

Nigeria’s Barkindo becomes OPEC Secretary General

Muhammed Barkindo today emerged as the Secretary- General of Organization of Petroleum Exporting Countries(OPEC). Barkindo, who was recently nominated by the Federal Government for the position, led the NNPC from 2009 to 2010, and served as acting secretary-general of OPEC in

Read More

Ogoni Clean-up Will Engender Wealth Creation- FG

President Muhammed Buhari has assured that the method deployed to clean up Ogoni land  will ensure jobs and wealth creation in the country. Buhari who was represented by the Vice President, Yemi Osibanjo gave this assurance at the official launch

Read More

Ecobank sacks 1,040 workers

Due to the current economic hardship witnessed in the country which has also has caught up with the banking sector, Ecobank Nigeria, has also sacked over 1,040 of its employees. It could be recalled that Diamond Bank Plc sacked over

Read More

Banking stocks crash as investors lose N684b in 10hrs

  Nigerian equities yesterday came under intense pressure, piling up a net loss of about N684 billion within the 10-hour trading sessions in the past two days. Against the background of N425 billion on Tuesday, aggregate market value of all

Read More

PENCOM boss tasks pension fund operators on product diversification

Mrs Chinelo Anohu-Amazu, Director-General, National Pension Commission,(PenCom) on Wednesday charged operators of pension fund to derive ways of developing products that they invested in the country. Anohu-Amazu said this while speaking on the Role of Regulators in Deepening Capital Market

Read More

2% Of Nigerian Population Own 90% Bank Deposits- Investigation

As a major indicator of wealth distribution in Nigeria across income groups, a mere two per cent of Nigerians own 90 per cent of total deposits in Nigerian banks. This represents the wide gap between the rich and the poor

Read More

Research Nigeria’s tomato crisis, don urges FG

Prof. Emmanuel Oladipo, a consultant with the Global Environment Facility, an NGO, has urged the Federal Government to research the current tomato crisis in the country. Oladipo made the call on Wednesday in Kano at a stakeholders’ workshop with the

Read More

Decline in economic activities persisted in May- CBN

Central Bank of Nigeria (CBN) yesterday said that the decline in economic activities in the first quarter of the year persisted in May. The CBN disclosed this in its Purchasing Managers Index (PMI) report for May. manufacturing sector, eleven sub-sectors

Read More

2% of Nigerians own 90% bank deposits — NDIC

As a major indicator of wealth distribution in Nigeria across income groups, a mere two per cent of Nigerians own 90 per cent of total deposits in Nigerian banks. This represents the wide gap between the rich and the poor

Read More

Bloomberg Scores Buhari Low On Economy

Muhammadu Buhari took office as Nigeria’s president a year ago on a wave of optimism that the ex-military ruler could revive a nation battered by falling oil prices and decades of corruption. Now, Africa’s biggest economy is on its knees,

Read More