Category: Economy

Tribunal upholds age discrimination claim against Citibank

Against comments made by senior managers, low numbers of older senior staff, along with a lack of evidence that the bank took age discrimination, or the claimant’s specific concerns, seriously,…

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As IOCs suffer $27.8bn loss, Several oil and projects threatened in Nigeria

Several major oil and gas projects in Nigeria may suffer further delays as international oil companies operating in Nigeria saw their financials take a dive in the second quarter of…

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U.S. FCC Issues New Robocall Blocking Rules

New rules recently issued by the U.S. Federal Communications Commission (FCC) now provide phone companies with additional leverage in their efforts to block illegal and unwanted robocalls. Detailed in a Third Report…

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Senate report :Pondei, others recklessly spent N5bn as medical allowances

The Senate report on the alleged financial recklessness in the Niger Delta Development Commission has revealed how the top management of the agency shared N4.9bn among themselves in the guise…

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Trump Considers Executive Order on Employment

As Congress continues to flounder on a path forward for the next phase of coronavirus relief, President Donald Trump said Monday that he was considering executive action if Congress fails to act. "They're not interested in the people,…

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Gaborone-based retailer, Choppies, plans to close supermarkets in South Africa, Three African Countries 

  Choppies Enterprises Ltd. will close its supermarkets in several African nations to concentrate on growth in Botswana, where it’s listed. The Gaborone-based retailer plans to close supermarkets in South Africa,…

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Graft Shows Ramaphosa’s Shaky hold on South Africa’s, as ANC Divided over probe tainted supply contracts

South African President Cyril Ramaphosa’s tenuous control of the ruling party was laid bare at the weekend when its leaders rebuffed his proposal to probe allegedly tainted state contracts for…

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African Union Summons Regional Leaders for Talks amid tensions over filling of Nile Dam

  The African Union summoned regional leaders to discuss an impasse over an Ethiopian hydropower dam on the Nile River. The virtual talks may be a prelude to the resumption…

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Coronavirus-induced Economic Downturn has moved Air  Peace to Sack 69 Pilots

Nigeria’s major carrier, Air Peace, on Monday sacked 69 pilots due to the economic downturn occasioned by the Coronavirus pandemic. The airline said in order to survive the effect of…

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Jim Ovia: Succession Planning Key to Business Survival

The Founder/Chairman of Zenith Bank Plc, Mr. Jim Ovia, was the Guest Speaker at the second edition of the Nigerian British Chamber of Commerce’s Sharing Experiences series. Responding to questions…

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