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Category: Business

Business Economy

Stock market crashes by N1.61tn in two years under Buhari – Report

Iheanyi Ejiofor May 27, 2017 headline

The Nigerian stock market crashed by N1.61tn in two years under the current Federal Government headed by President Muhammadu Buhari. Data from the Nigerian Stock Exchange showed that the NSE…

Read More Stock market crashes by N1.61tn in two years under Buhari – Report
Business Economy

British Airways cancels all flights

Iheanyi Ejiofor May 27, 2017 headline

British Airways on Saturday announced the cancellation of all flights from London’s Heathrow and Gatwick airports as a global IT failure causes severe disruption for travellers. The airline said it…

Read More British Airways cancels all flights
Business Economy

CBN, MPC retains interest rates at record high to stabilise naira gain

Iheanyi Ejiofor May 23, 2017 headline

The Central Bank of Nigeria’s Monetary Policy Committee, MPC, Tuesday voted to retain key interest rate at a record 14 percent even as it seeks a convergence in the Country’s…

Read More CBN, MPC retains interest rates at record high to stabilise naira gain
Business Economy

I will resign if Nigeria still import fuel by 2019- Kachikwu

Iheanyi Ejiofor May 22, 2017 headline

The Minister of state for Petroleum, Dr. Ibe Kachikwu has said he will resign from his current position if Nigeria continues with the importation of petroleum products by 2019. Kachikwu made…

Read More I will resign if Nigeria still import fuel by 2019- Kachikwu
Business Economy

S&P rates UBA ‘B/B’, the highest among Nigerian banks

Iheanyi Ejiofor May 22, 2017 headline

The United Bank of Africa, UBA, has been rated ‘B’ long-term and ‘B’, short term by Standard and poor’s (S&P), an International rating agency. The ‘B’ rating is the highest currently…

Read More S&P rates UBA ‘B/B’, the highest among Nigerian banks

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