Corona Beer maker suffers N102bn sales loss to coronavirus
AB InBev, the giant maker of beers such as Castle Lager, Budweiser and owner of Corona beer brand, says the Covid-19 virus outbreak has hit its sales hard. It lost…
Global stocks dip in worst week since 2008 for fear of coronavirus
World share markets were headed for their worst week since the depths of the 2008 financial crisis as investors ditched risky assets on fears the coronavirus would become a pandemic…
Dangote Fertiliser begins pre-testing of $2bn plant ahead of inauguration
Dangote Fertiliser Limited has begun countdown to the inauguration of its $2 billion Granulated Urea Fertiliser complex located in the Dangote Free Zone. With a capacity of 3…
Konga targets $10 million daily turnover by 2024
E-commerce giant, Konga has revealed that the business will hit the $10 million daily turnover mark by 2024. To realise the target, Konga has disclosed that the growth trajectory and…
ICPC to partner PEBEC to prosecute corrupt public officials
VP Yemi Osinbajo To further improve the country’s business climate, the Federal government says there will now be a direct connection between the anti-corruption agenda and the reform efforts…
Dangote invests N63bn in South East’s ANAMMCO in 5 years
Aliko Dangote Dangote Group has in the last five years invested over N63bn in the South East with the purchase of over 3,500 units of locally assembled Shacman trucks…
Henceforth, no bank will sack more than five staff without approval – CBN
To stem the gale of sack in Banks, the Central Bank of Nigeria (CBN) has given a stern warning to all banks to seek its approval before sacking more than…
Nigeria records highest quarterly GDP growth since 2016 recession, grows by 2.27% -NBS
The nation’s Gross Domestic Product (GDP) has recorded a growth of 2.55 per cent (year-on-year) in real terms in the fourth quarter of 2019, the highest since the recession in…
Facebook to pay users for voice recordings
Facebook is offering to pay its users for personal information including recordings of their own voice, in a rare example of internet companies directly compensating people for collecting their data….
We’ve not prohibited acceptance of foreign currency cash deposits by DMBs – CBN
CBN gov. Godwin Emefiele The Central Bank of Nigeria (CBN) says it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks (DMBs). The CBN…