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Category: Economy

Business Economy headline

FG suspends Air Nigeria project indefinitely

Iheanyi Ejiofor September 19, 2018 headline

Chidi Samuel| The federal government on Wednesday announced that it has suspended the national carrier project indefinitely. The federal government’s decision was made public by Hadi Sirika, minister of state…

Read More FG suspends Air Nigeria project indefinitely
Business Economy

Forex: CBN intervenes again with $210m

Iheanyi Ejiofor September 18, 2018 headline

The Central Bank of Nigeria (CBN) has again intervened in the inter-bank Foreign Exchange Market to the tune of $210 million. According to the figures obtained from the CBN on…

Read More Forex: CBN intervenes again with $210m
Business Cover Economy

Trump slaps $200 billion tariffs on Chinese goods

Iheanyi Ejiofor September 17, 2018

U.S. President Donald Trump said on Monday  escalated the trade tension with China as he approved the imposition of 10 percent U.S. tariffs on about $200 billion worth of Chinese…

Read More Trump slaps $200 billion tariffs on Chinese goods
Business Economy

Coca-Cola ‘in talks’ over cannabis-infused drinks

Iheanyi Ejiofor September 17, 2018 headline

Coca-Cola is best known for its eponymous caffeine-based drink, but the firm now appears to be experimenting with a different drug: cannabis. According to Canada’s BNN Bloomberg, the drinks giant…

Read More Coca-Cola ‘in talks’ over cannabis-infused drinks
Business Economy headline

CBN moves to protect bank customers, announces penalty for failed transaction reversals

Iheanyi Ejiofor September 17, 2018 headline

The Central Bank of Nigeria has in a bid to protect bank customers said that any failed Nigerian Instant Payment (NIP) transaction not reversed into the customer’s account within 24…

Read More CBN moves to protect bank customers, announces penalty for failed transaction reversals

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