By our reporter| Air Peace Nigeria has sacked over 70 pilots across its fleet and has reduced staff salaries by up to 40 per cent. A member of the National…
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Category: Economy
Shoprite explains planned exit from Nigeria
By our reporter| Shoprite, one of Africa’s largest supermarket chains on Monday said it has begun a formal process to exit Nigeria. The South African-based company in a published update,…
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Nigeria will pay back Chinese loans in 20 years -Amaechi
Agency report| Minister of Transportation, Rotimi Amaechi says Nigerian government has the capability to pay back loans collected for the construction of rail projects within the stipulated period of 20…
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NNPC: ”It is impossible to ship 48 million barrels of crude oil to China from Nigeria without any record”
Ebun Francis| Contrary to reports making the rounds that NNPC officials sold 48 million barrels of oil to China in 2015, the Nigerian oil giant on Friday dismissed the reports…
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FBN Holdings posts 56.65% growth in profit in 6 months
FBN Holdings Plc on Wednesday announced Profit After Tax (PAT) of N49.5 billion for the six months that ended June 30. The PAT represented an increase 56.65 per cent when…
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