The Monetary Policy Committee of the Central Bank of Nigeria has reduced the Monetary Policy Rate, also known as main interest rate, to 12.5 per cent from 13.5 per cent. The CBN Governor, Mr Godwin Emefiele, disclosed this while announcing the decision of the MPC at its meeting on Thursday. He...
The Lagos State Commissioner for Tourism, Arts and Culture, Pharmacist (Mrs.) Uzamat Akinbile-Yusuf, a Nigerian comedian and actor, Atunyota Alleluya Akpobome, popularly known as Ali Baba and other stakeholders in the Tourism and Entertainment industry will, on Wednesday, May 20, 2020, meet to discuss issues bordering on revamping the...
Leading financial services provider, First City Monument Bank (FCMB), has continued to blaze the trail with innovative and value-added offerings to boost the productivity and overall performance of businesses. The latest is an initiative tagged, “Top-5-In-5”, a digital video knowledge sharing and capacity building series designed to give Small and...
Boeing announced sweeping cost-cutting measures Wednesday after reporting a first-quarter loss of $641 million following the hit to the airline business from the coronavirus pandemic. The aerospace giant plans to reduce its workforce by 10 percent through a combination of voluntary and involuntary layoffs and will slash production of its...
As Lagos state Nigeria enters its third week of lockdown due to the Coronavirus pendamic, family members of over 600 staff sacked by Mikano International Limited have expressed shocke over the sack of their bread winners. According to one of the affected staff, ‘I have just returned from a trip...
The World Bank on Friday approved debt relief for the poor and vulnerable member-countries of its International Development Agency (IDA) as the coronavirus pandemic continues to take a devastating toll on the global economy. The World Bank Group President, David Malpass, announced the debt relief during the Spring 2020 Plenary...
The Ibadan Electricity Distribution Company Plc (IBEDC) says there will be no disconnection of electricity to non-paying customers during this period of lockdown in Coronavirus pandemic. Its Chief Operating Officer, Mr John Ayodele, made this known in a statement issued in Lagos on Friday. According to him, this is in recognition...
Air Peace, Arik Air, Dana Air, Azman and Max Air  have said they will be suspending all their domestic flight services as part of efforts to curtail the spread of the coronavirus. While Air Peace, Arik Air and Azman’s suspension will become effective from midnight of Friday, March 27, Max...
Ford Motor Co said on Monday it has decided to temporarily halt vehicle and engine production at its factories in India, South Africa, Thailand and Vietnam in response to the growing impact of the coronavirus. In India, it began on March 21 and will be followed by other markets, the...
Telecommunication giant MTN on Tuesday closed its case over an alleged N300m copyright infringement suit involving an Abuja-based musician, Liberty Williams. Nkeakam Abhulimen, a staff of MTN and Chris Anusa, a staff of Defcom Technologies, both appeared as witnesses for MTN at the Federal High Court, Abuja before Justice Ifeoma...