Business Crime Nigeria 

Nigeria lost N700bn to #EndSARS protests in 12 days – LCCI

Nigerian economy may have lost about N700bn to the #EndSARS protests in the last 12 days, Lagos Chamber of Commerce and Industry has said. LCCI President, Mrs Toki Mabogunje, disclosed this in a statement on Monday, expressing concern over the negative impact of the #EndSARS demonstrations on business activities across the country. The statement is titled, ‘LCCI press release on… Read More
Business 

Diri commends Buhari over debt repayment efforts to states

Odahiekwu Ogunde, Yenagoa Bayelsa State Governor, Douye Diri, has commended President Muhammadu Buhari for his efforts to reimburse some state governments for funds used in executing various federal projects in their states. Diri gave the commendation when he received members of the National Assembly Joint Committee on Local and Foreign Debts in Government House, Yenagoa. The governor, who was represented… Read More
Business Nigeria 

Nigeria’s transport fare increased by 63.88% in Sept–NBS

Ngozi Amuche Transport fare in Nigeria increased by 63.88 per cent to N309.73 in the month of September 2020 from N286.99 in August 2020, National Bureau of Statistics has said. The NBS’ ‘Transport Fare Watch September 2020,’ covered bus journey within the city per drop constant route; bus journey intercity, state route, charge per person; air fare charge for specified… Read More
Breaking News Business Crime Nigeria 

#EndSARS: Nigeria may lose over $6tn to cyber attacks–Expert

Ngozi Amuche Financial experts have warned that the Nigeria economy may lose over $6trillion to cyber attacks, if proactive measures are not put in place. A financial analyst, Mr. David Sadiku, said the World is a global village, and that the influx of technological advancement calls for urgent attention in the Cyber space. It was reported on Friday that a… Read More
Business Nigeria 

#EndSARS: Stanbic IBTC reiterates commitment to positive impact

Ngozi Amuche Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has reiterated its commitment towards creating a positive impact within its host communities through its Corporate Social Investment initiatives. The organisation recently touched the lives of people in various communities where it operates through the donation of household and skill acquisition items, as well as the renovation and… Read More
Business Nigeria 

Stockbrokers to set blueprint for economic revival

Ngozi Amuche In pursuit of their  roles as economic engineers and agents of wealth creation, stockbrokers in Nigeria are warming up to prepare a roadmap  on how the Federal Government  can leverage the capital market to put the country’s dwindling economy on sound footing. By this strategic move, stockbrokers said they shall on November 5, 2020,  converge for the 2020… Read More
Crime Business Nigeria 

SERAP, 302 Nigerians sue Buhari over fuel price, electricity tariff hikes

Socio-Economic Rights and Accountability Project has led 302 Nigerians to file a lawsuit against President Muhammadu Buhari and the leadership of the National Assembly over the recent hike in electricity tariff and fuel price. SERAP’s Deputy Director, Kolawole Oluwadare, disclosed this in a statement titled, ‘SERAP sues Buhari, NASS, wants court to declare electricity tariff, fuel price hike illegal’. Federal… Read More
Business Nigeria World News 

WTO: 79 countries endorse Okonjo-Iweala’s candidacy

Nigeria’s Ngozi Okonjo-Iweala voiced confidence on Friday in her quest to lead the crisis-wracked World Trade Organisation after all of Africa backed her candidacy, vowing she would champion reform. “I feel the wind behind my back,” she told a virtual press briefing after the 55-member African Union officially supported her over her sole remaining opponent, Yoo Myung-hee of South Korea.… Read More
World News Business Nigeria Politics 

African nations ask UK to repeal 14-day quarantine law for travellers

African nations have accused the United Kingdom of “discriminating” against travellers from the continent by failing to open travel corridors. Africa is one of the few continents with no corridor from the UK, meaning that all travellers are forced to quarantine for 14 days. This is despite the fact that Britain now has higher rates of Covid-19 cases compared to… Read More