Home Business & Economy

Business & Economy

Nike Popoola Punch Unity Bank Plc has refuted the claim by a certain whistleblower that the Nigerian Ports Authority operated a secret account containing $1bn with the bank. The bank, in a statement on Tuesday, said, “We hereby state categorically that...
For the first time in a long while, a Nigerian state is rethinking dividend of democracy and offering empowerment opportunities to those who truly need it, particularly the unemployed youths. Of course, the youths constitute almost half of the Nigerian...
The World Trade Organisation (WTO) has accepted the nomination of Dr Ngozi Okonjo-Iweala as one of the candidates for the office of the director-general of the organisation. “Nigeria, on 9 June 2020, nominated Dr Ngozi Okonjo-Iweala for the post of...
President Muhammadu Buhari on Thursday re-sent the $29.96bn 2016-2018 external borrowing plan to the Senate for its consideration and approval. Buhari made the request a day after the International Monetary Fund warned Nigeria against rising debts. The Debt Management Office...
This time it’s official! Microsoft Corp. co-founder Bill Gates overtook Amazon.com Inc.’s Jeff Bezos as the world’s richest person on Friday, reclaiming the top ranking for the first time in more than two years. Gates may have been helped in part...
’Femi Asu- Punch A British firm, Savannah Petroleum Plc, has announced the completion of the acquisition of Seven Energy International Limited, a Nigerian oil and gas exploration, development, production, and distribution group. Seven Energy, which described itself as the leading integrated...
A total of six banks generated N675.9bn from non-interest income in the first nine months of the year, an increase of about 12 per cent from N606bn generated by the banks in the same period last year. Non-interest income is...
The body of Bank CEOs has commended the decision of the National Communications Commission to suspend the Unstructured Supplementary Service Data charges by telecommunication companies for accessing bank services. The body said about 20 million new customers had been brought...
President Muhammadu Buhari on Wednesday met with the newly constituted Presidential Economic Advisory Council (ECA). Mr Buhari played host to the ECA when the members of the council visited him at the presidential villa in Abuja. The body was constituted last...
Have you ever met someone new and immediately felt like you could talk to them for hours? That happened the first time I met Aliko Dangote. A couple years ago, he and I ended up going to the same event...