Tag: COVID-19 pandemic

Naira redesign: 85% of currency in circulation outside banking system – Emefiele

GOVERNOR of the Central Bank of Nigeria (CBN) Godwin Emefiele has revealed that 85 per cent of the currency in circulation in Nigeria was outside the banking system.  Emefiele spoke on Friday, November…

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Pattison Boleigha: The major changes in the Compliance Officers role have occurred in Environment Social and Governance (ESG) Compliance, climate change, increased levels of crime in the society.

Business Interview- Pattison Boleigha: The major changes in the Compliance Officers role  have occurred  in Environment Social and Governance (ESG) Compliance, climate change, increased levels of crime in the society.     l Lack of compliance…

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World Bank Group Steps Up Support to Deepen Regional Integration in Africa

The World Bank Group has updated its approach to help strengthen regional integration in Africa. This reinforces the institution’s support to help the continent recover from the COVID-19 pandemic and…

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Aisha Abubakar- Achonu: FG should come to the aid of Garment Manufacturers

The fashion industry, like many others in Nigeria, has been hit hard by the impact the prolonged COVID-19 pandemic has had on the country’s economy, permanently changing lives, livelihoods and…

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Ekeoma Eme Ekeoma: I live my life as if its my last day on earth.

Being a successful businessman and billionaire with footprints across Nigeria's energy sector, is an impressive achievement. Building an empire that brings in that amount of money is no easy feat…

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COVID-19: Disengaged staff petition Pencom over withheld unremitted pension funds to PFAs.

Emileo Castrol Former staff of Vintage Press Limited publishers of The Nation newspapers have petitioned the Director General National Pension Commission (PenCom) over backlog of unremitted pension due to workers.…

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Banks’ Credit to Private Sector Rises to N30.189tn

  Banking sector’s credit to the private sector rose by N757 billion or 2.57 per cent to N30.189 trillion as of July 2020, compared with the N29.432 trillion it was…

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Qatar Airways Refunds $1.2bn to Customers

Qatar Airways said it has paid out over $1.2 billion in refunds to almost 600,000 passengers since March. This, it stated was in demonstration of its commitment to honouring its…

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Champion Breweries reports N18.29m loss in six months

  Champion Breweries Plc has reported a loss after tax of N18.29m for the half year ended June 30, 2020 as against a profit of N99.11m posted in 2019. According…

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Nigeria’s Economy Contracts by 6.10% in Q2

The country’s Gross Domestic Product (GDP) growth rate contracted by –6.10 per cent (year-on-year) in real terms in the second quarter of the year (Q2 2020), according to the National…

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