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CBN Report: Economy contracted in May, manufacturing worst hit

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  The Central Bank of Nigeria (CBN) has released its report on the economy indicating that the nation's manufacturing sector contracted. It is the first time after the sector recorded expansion for 36 consecutive months. The CBN's Statistics Department published this in its...
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Business

COVID-19 : CBN reduces MPR from 13.5% to 12.5%

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  In a bid to stimulate the economy post-COVID-19, the Central Bank of Nigeria (CBN)’S Monetary Policy Committee (MPC) has announced the reduction of its benchmark interest rate, the Monetary Policy Rate (MPR) to 12.5 percent from 13.5 percent. The Cash...
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Business

For three unbroken years, Dangote, MTN emerge Africa’s most admired  brands

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      For the third consecutive time, Dangote Group has emerged Africa’s most admired brand by consumers paired with the telecoms giant, MTN out of 100 Africa’s best brands in a novel global virtual event.   It incorporated the market openings of Kenya,...
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Business

Africa Day 2020: African leaders urged to invest in health, agriculture, digital technology

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  By Ajuma Edwina Ogiri As Africa and the rest of the world grapple with the COVID-19 pandemic, African leaders have been urged to invest in health, agriculture and digital technology. A High-Level Leadership Panel, gave the advice at the UBA second...
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Business

Elumelu, African leaders think out post- Covid-19 continent’s economic recovery 

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  UBA Chairman, Mr Tony Elumelu, Tuesday joined African leaders at a world vitual event to offer solutions to post Covid-19 economic recovery on the continent. The event which was organized by the New York Institute attracted over 15, 000 people around the...
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Business

COVID-19 and Nigerian Banks by  Reuben Abati 

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  The COVID-19 pandemic has reshaped the entire world – the future of everything and the world of work, but perhaps the most visible effect of this disruption is most felt in the financial services sector, the markets and the...
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Business

COVID-19: UBA’s New Mobile App ’ll Reduce Overcrowding In Banking Halls, Says Official

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  Customers to enjoy access to free online medical consultation   By Ajuma Edwina   As part of efforts to enforce the COVID-19 protocol and decongest its banking halls, the United Bank for Africa (UBA) has asked its customers to take advantage of its...
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Business

UBA unveils upgraded ‘exciting features’ mobile banking app

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    Facilitates customers' unlimited transactions right on phone The United Bank for Africa (UBA) says it has upgraded its mobile banking application with exciting and interactive features to aid banking and facilitating customers' unlimited transactions performance just with simple taps on their mobile...
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Business

Osinbajo announces COVID-19 palliatives for MSMEs

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  The Federal Government has roled out some COVID-19 palliatives to give fillip to Micro, Small and Medium Enterprises (MSMEs).   The palliatives include e-registration of MSMEs/products at 80 per cent discounted rate over a period of six months, zero tariffs for...
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Business

COVID-19: SMEs bedrock, drivers of nation’s economy — Sekibo, Heritage Bank CEO

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  The Managing Director/CEO of Heritage Bank Plc, Mr Ifie Sekibo, has said with partnership and rigorous commitment to their businesses, the micro, small and medium enterprises (MSMEs) would bolster the nation's economy for sustainable growth. He spoke on the heels...
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Subsidy removal: Petrol marketers now to fix pump price 

      In line with the new pricing regime for petrol, marketers are now free to fix the price of the commodity, the...
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Senate President Lawan leads Senate delegation on solidarity visit to Kalu

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          Senate President Lawan leads Senate delegation on solidarity visit to Kalu after his release from Kuje Correctional Facility on Thursday  
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Tragedy: DPO, seven other policemen, women  killed in Kogi 

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  Armed robbers struck at a branch of a first generation bank in lsanlu, Kogi State, on Thursday leaving a trail of murders of nine people including...
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Nigeria nominates Okonjo-Iweala for DG, World Trade Organization

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  Dr Ngozi Okonjo-Iweala, Nigeria's former Minister of Finance, has been nominated for election as the Director-General of the World Trade Organisation (WTO) by President...
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Crime

Police nab three dare-devil siblings for kidnap, murder of widow

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  Three bloodthirsty siblings, who allegedly kidnapped and gruesomely murdered a 55-year old mother of five in Abuja and bolted to Imo State, are now...
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