Month: April 2020
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Business Insight
Zenith Bank records N57bn pretax profit and N166.8bn gross earnings in Q1 2020
Top tier Nigerian lender, Zenith Bank Plc, said it recorded gross earnings of N166.8 billion and profit before tax of…
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Aviation & Maritime
Nigeria to decontaminate 125 aircraft, 13 airports, no rush to reopen aviation sector
Nigeria has mapped out 125 aircraft and 13 airports for decontamination as part of measures to halt the spread of…
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Business Insight
COVID-19: FG Commissions Virtual Academy Centre
The Federal Government on Wednesday, April 29, 2020, commissioned a virtual academy learning centre, an initiative of the National Information…
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Aviation & Maritime
British Airways to cut up to 12,000 jobs due to the crisis
The coronavirus pandemic has hardly hit business of British Airlines. The parent company of the carrier has announced that British…
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Business Insight
Nigeria records 196 new COVID-19 cases, total now 1728, with 51 deaths
Nigeria has recorded 196 new cases of #COVID-19, bringing the total number of confirmed infections in the country to 1728.…
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Commentaries
Fleet of 28 Saudi oil tankers could send U.S. oil prices crashing in May
With the Covid-19 pandemic reducing global oil demand by devastating numbers, oil storages are filling quickly in the US, forcing…
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Business Insight
FG directs banks, government offices, firms to reopen Monday
The Presidency has directed government offices, banks and manufacturing companies to reopen on Monday, May 4, 2020. The Chairman of the…
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Business Insight
CBN resumes dollar sales for SMEs, school fees
The Central Bank of Nigeria (CBN) has announced the resumption of sale of foreign exchange to all money deposit banks…
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Business Insight
AfDB approves $40m package for Angola’s Banco Millennium Atlântico to support SMEs
The Board of Directors of the African Development Bank on 15 April approved a $40 million financial package to support…
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Business Insight
Nigeria’s national grid collapse plunges generation to 2,983MW
The national electricity grid system suffered collapse early Wednesday, but was restored shortly by the Transmission Company of Nigeria, TCN,…
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