Maritime union issues 7 days ultimatum , demands withdrawal of sack letters The Maritime Workers Union of Nigeria has issued a seven – day ultimatum to the management of Intels to withdraw the sack letters issued to 600 staff. The affected workers were said to be in its Rivers and Warri operational areas. The MWUN […]
Apple joined the move to 5G on Tuesday, unveiling four new iPhones which use the new standard in what could be a turning point for the high-speed wireless technology. “Today is the beginning of a new era for iPhone,” Apple chief executive Tim Cook said during a streamed launch event from the company’s headquarters in […]
President Muhammadu Buhari has assured Ngozi Okonjo-Iweala, former minister of finance, that the federal government will do all it can to ensure she becomes the director-general of World Trade Organisation (WTO). Buhari made the promise on Monday when Okonjo-Iweala paid him a visit at the presidential villa. Okonjo-Iweala and Yoo Myung-hee, the South Korean minister […]
President Muhammadu Buhari and a former Minister of Finance, Ngozi Okonjo -Iweala , are currently meeting at the Presidential Villa , Abuja . Okonjo -Iweala is in the race to become the Director- General of the World Trade Organisation. She was led to the meeting with the President by the Minister of Industry, Trade and […]
Credit to the economy fell by N900 billion or 2.27 percent in August driven by slump in credit to the government during the month. The Central Bank of Nigeria (CBN) disclosed this in its Depository Corporation Survey report for August. According to the CBN, credit to the domestic economy (Net Domestic Credit, NDC) fell by […]
Financial Services industry led the activity chart with 2.325 billion shares valued at N25.816 billion traded in 21,306 deals Trading activities on the floor of the Nigerian Stock Exchange last week further extended weekly rally, highest in more than five years as the NSE All-Share Index and Market Capitalisation both appreciated by 5.30 per cent […]
Telecoms firm, Airtel Networks Limited has lost an appeal against a N4.888,434,208 judgment debt secured against it by telephony products and services distributor, Plus Limited at a Lagos High Court. Plus Ltd had dragged Airtel before the lower court over the company’s alleged refusal to pay commission for services it had rendered after the termination […]
The Special Adviser to Governor Bello Matawalle on Media, Alhaji Zailani Baffa, has denied claims that the Central Bank of Nigeria is trading in gold with Zamfara State Government . Baffa was responding to a lawyer , Mr Joseph Onu Silas , who had reportedly said the Central Bank of Nigeria was trading in gold […]
MONEY MARKET The volume of US Dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market shot up by 135 percent, month-on-month, to $1.98 billion in September from $843.97 million in August 2020. This is coming after a two months consecutive decline in turnover since July when turnover stood […]
Former Finance Minister of Finance, Dr. Ngozi Okonjo-Iweala, has thanked President Muhammadu Buhari and Nigerians in general, for supporting her bid for the post of Director-General (WTO) of the World Trade Organisation (WTO). Okonjo-Iweala, who advanced to the third and final stage of the selection process on Wednesday, said she could not have made it […]
