Business

CBN Says Banks Now Responsible for Loans Recovery, Suspends Applications

The Central Bank of Nigeria, CBN, suspending applications for new loans under its development finance intervention funds. Also, banks are…

2 years ago

China’s Debt Outlook Downgraded as Economy Slows

The risks from China's debt pile are mounting as the country grapples with an economic slowdown and property crisis, a…

2 years ago

Nigeria’s Foreign Trade Surges 53% as Crude Oil Revenues Boom – NBS

Nigeria’s foreign trade increased to N 18.80tn in the third quarter of 2023, up 53.16 percent year over year. This comes…

2 years ago

Bolt Suspends Over 5,000 Drivers

Ride-hailing company, Bolt has disclosed that it suspended more than 5,000 drivers in the last six months due to non-compliance…

2 years ago

LAMATA Reveals Over 400,000 Commuters Use the Blue Rail Line

The Lagos Metropolitan Area Transport Authority, LAMATA has revealed that over 400,000 passengers have used the Blue Rail Line as of…

2 years ago

Naira Gains 9%, Closes N837/$ at Official Market

The naira saw an appreciation, reaching N837.77 against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the official exchange…

2 years ago

Demand for Sales Professionals Rises 16% Amid Economic Woes

The demand for sales/marketing professionals from Nigerian firms has risen by 15.9 percent in January-October 2023 from 13.4 percent in…

2 years ago

Cash Shortage Hits Banks, Customers Rush for BVN/NIN Revalidation

Huge crowds besieged banking halls on Monday, as customers moved to link their Bank Verification Numbers and National Identity Numbers…

2 years ago

FG Plans to Revoke Unused Oil Licences

The Nigerian Upstream Petroleum and Regulatory Commission says the Federal Government is planning to revoke unused oil exploration leases that companies were…

2 years ago

Spotify to Sack 17% Staff Members

Music streaming giant Spotify said today it would reduce the number of its employees by around 17% in a bid…

2 years ago