Business

Business

FG N75bn Youth Fund: NIRSAL Microfinance Bank Gets Framework For Disbursement

The Central Bank of Nigeria has released the framework for NIRSAL Microfinance Bank to commence the disbursement of the N75bn Nigeria Youth Investment Fund. In The latest announcement, the CBN

Business

IMSAA Calls For Proper Registration, Placement of Bill Boards in Imo

Imo State Signage and Advertisement Agency (IMSAA) has called on banks, churches, hotels, private and public organisations to ensure they clear from and register with the agency before placing any

World

UAE Energy Minister Explains Why Oil Prices Could Soon Skyrocket

UAE Energy Minister Suheil al-Mazrouei said on Monday current low oil and gas prices are unsustainable and warned that if they last longer, it could lead to energy shocks. Mazrouei

Business

US Suspends Flights By Chinese Airlines in New Spat With Beijing

Washington on Wednesday ordered the suspension of all flights by Chinese airlines into and out of the United States after Beijing failed to allow American carriers to resume services to

Business

Arise Africa Holds Entrepreneurial Training Webinar, Promises Sponsorship To Youths

In the face of the COVID-19 Pandemic and the harsh challenge of job security, scarcity of food as well as earning a comfortable living, Arise Africa, a media platform in a

Business

COVID-19: Nigeria Heading Towards Economic Recession- Finance Minister

The Finance minister, Zainab Ahmed, said the coronavirus pandemic and falling oil prices are impacting negatively on the federation’s revenues and foreign exchange earnings. The Minister made this known after the

Business

Facebook to pay $52 mn Settlement For Trauma To Content Reviewers

Facebook has agreed to a $52 million court settlement to compensate content moderators who suffered mental trauma from the graphic and violent images they were required to review, plaintiff lawyers

Business

Samsung Heir Apologises Over Corruption Scandal

The heir to the Samsung empire bowed in apology Wednesday for company misconduct including a controversial plan for him to ascend to the leadership of the world’s largest smartphone maker.

Business

Facebook Set to Permit Creators, Musicians Charge For Livestream Access

Facebook Live will be overhauled as the coronavirus lockdown forces entertainment industries online. Facebook has announced sweeping changes to its Facebook Live platform, including plans to let artists charge for

Business

ICANN Rules Against Private Equity Group Running Charity-haven .org

The agency that oversees internet addresses late Thursday rejected a controversial bid to let a private equity firm control the .org online neighborhood known as a haven for nonprofits. Ethos

Business

Twitter Chief Executive Jack Dorsey Pedges $1 bn for COVID-19 Relief Effort

Twitter co-founder and chief executive Jack Dorsey said Tuesday he was committing $1 billion of his personal fortune to coronavirus relief through his philanthropic fund. Dorsey said in a series

Business

Corona Extra Beer Producer Halts Brewing Over Virus

The Mexican brewer of Corona beer said Thursday it was suspending production because of the health emergency in the country over the COVID-19 pandemic. Grupo Modelo — whose brands also

Business

China Slashes Rate, Injects $7 bn into Market to Counter Covid-19

China’s central bank on Monday cut an interest rate on loans to banks by the largest margin in five years and injected 50 billion yuan ($7 billion) into the financial

Business

Imo IRS Warns Against Illegal Revenue Collection

Ikenna Orioha Imo State Internal Revenue Service (IIRS) formerly Board of Internal Revenue has warned against illegal revenue collection and touting in the State. The Parastatal warned those who indulge

Business

Group Takes Investment Campaign to Imo …Woos Potential Investors

Victor Nwachukwu Pennywise Wealth Management, an investment management firm, has called on investors to take advantage of its investment opportunities in the State. The group’s Head of Communication in Imo

Business

China to Grant Tariff Exemptions on Additional U.S Goods

China has said it will accept applications for new tariff exemptions for 696 products imported from the United States including key agricultural and energy products such as pork, beef, soybeans,

Business

Facebook’s Zuckerberg wants ‘new framework’ for digital tax

Facebook founder and CEO Mark Zuckerberg on Friday backed moves by the OECD group of free-market economies to reform the way online giants are taxed worldwide, even if that means

Business

Amb. Ogbuagu Commissions Nkwo Imo Market Project, Pays Off Traders Levies

Ikenna Orioha Amb.  Uche Ogbuagu who represents Ikeduru State Constituency in the Imo State Legislature, on Saturday, 25th Day of January, 2020, commissioned Nkwo-Imo Market, at Obodo Amaimo Community. Commissioning

Business

US, China Sign ‘Momentous’ Trade Deal

The United States and China signed a truce in their trade war on Wednesday after nearly two years of tensions, bringing relief to markets but largely leaving massive tariffs in

Business

CBN Records N3.17tn Deposits from 11 Commercial Banks in 9 Months

The Central Bank of Nigeria has recorded N3.17tn deposits from 11 commercial banks in nine months between January and September 2019. This is according to Data obtained from the financial

Business

Empire Energy Receives Medal for Youth Empowerment

Ikenna Orioha Medal of “Chief Employment of Labour, Imo State”, has been bestowed on Empire Energy, a business conglomerate based in Owerri, for employing people with reasonable salary. The Imo

Business

Become Financially Free through IBEN Forex Trading

A renowned Forex trade business firm, IBEN FOREX INSTITUTE AND INVESTMENT (International Business Empowering Network) with Registration code Rc: 1606200 has perfected plans to shut out failures experienced in the

Business

France Vows Retaliation After US Threatens Sanctions on Key Goods

France Tuesday warned the United States of strong EU retaliation if it imposed tariffs on key French products ranging from sparkling wine to cheese to handbags, in an intensifying row

Business

Air Peace Request To Commence Flight Operations in South Africa Granted

The Ministry of Foreign Affairs wishes to inform that the South African Government has granted request for the Nigerian Designated Airline, Air Peace to commence commercial flights to Johannesburg, South

Business

Facebook, London Police Teams Up To Track Terror Live Streams

Facebook on Tuesday teamed up with the London police to help its artificial intelligence tools track live streams of terror attacks such as the New Zealand mosque massacre. A self-professed