archiveJanuary 16, 2017

Heritage Bank has embarked on mass retrenchment of its workers with 400 staff sacked in December. Investigations by the News Agency of Nigeria (NAN) on Monday indicated that more workers are penciled for sack. NAN reports that the bank, in October 2014, acquired Enterprise Bank with about N56 billion (281...

  The International Monetary Fund (IMF) has said that the global economy will grow by 3.4 per cent in 2017 Data by IMF suggest that the global economic landscape started to shift in the second half of 2016 and will grow 3.4 per cent in 2017. Economic Counsellor and Director,...

  Trading on the equities market segment resumed for the new week on a positive note to record a growth of 0.18 per cent as lead market indicator, the Nigerian Stock Exchange All Share Index (NSE ASI) close at 26,373.83 basis points from 26,325.93 basis points it opened on Monday....

  Stanbic IBTC Bank, a member of Stanbic IBTC Holdings, has charged parents to take advantage of its bouquet of payment solutions in order  minimize the financial burden of school fees as schools reopen for a new term. The bank listed its educational payment solutions to include Short Term Loans,...

Gambian leader says he needs judges to hear his petitions Swearing-in of vote winner Barrow planned on Jan. 19 Gambia’s Yahya Jammeh called on regional heads of state to help the country find judges so that its Supreme Court can hear his objections to his loss in a presidential election...

The Head of Research, Nigerian Economic Summit Group (NESG), Dr Olusegun Omisakin, says rising inflation rate in the country has gone beyond the control of Central Bank of Nigeria (CBN). Omisakin made the observation in an interview with the News Agency of Nigeria (NAN) on Monday in Lagos. NAN reports...

By Abdul  Olalekan Insurance broking firms and insurance agent outfits in the country may face profit decline, with some of their workers expected to lose their jobs in the current year, by the time the planned new insurance distribution channels commence operations in insurance industry, Business 247 News Online exclusively...

As we enter into the New Year, all eyes are on the Central Bank of Nigerian (CBN) and its administrative team to reshape and restructure the nation’s declining economy. NIYI OLAOYE in this analysis, therefore, x-rays the performances of the present administration with its various initiatives in taming the unwanted...

Eight men own the same wealth as the poorest half of the world's population, a level of inequality which "threatens to pull our societies apart", Oxfam said on Monday ahead of the World Economic Forum opening in Davos. According to how AFP reports it, the wealth of the world's poorest...

To provide 3,000 jobs Determined the tap into the opportunity provided by the scarcity of forex in the country to create jobs, foremost entrepreneur, Aliko Dangote has embarked on the establishment of multi-million dollar vehicle assembly plant project in Lagos Specifically, the plant will be churning out heavy duty trucks...