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Access Bank denies sacking 75% workers, closing branches

Access Bank denies sacking 75% workers, closing branches

Access Bank Plc on Monday debunked reports that it plans to sack 75 per cent of its workforce and as well close more than 300 branches. The bank in a statement signed by the Company Secretary, Mr Sunday Ekwochi, obtained ...

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NLNG plans construction contract for $10bn Train 7 project

PETAN restates need for local content, lauds NLNG’s Train 7 stakeholders

The Nigerian LNG Limited has said it is making significant progress in activities that will lead to the formal award of engineering, procurement and construction contracts for its Train 7 project. The NLNG announced in September 2019 that it had ...

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Naira gains, exchanges 430/$ as forex sale resumes

Naira gains, exchanges 430/$ as forex sale resumes

The naira sold for N430 to a dollar on Monday, gaining some strength over previous week’s sales figures, following the resumption of forex sales by the Central Bank of Nigeria on April 29, 2020. After four weeks of forex sales ...

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‘How majors’ stake in gas, lower margins hedged against price volatility’

‘How majors’ stake in gas, lower margins hedged against price volatility’

As the world groans under the impact of the coronavirus, oil majors with portfolio investments in gas in Nigeria, and many other developed climes, may have helped to provide strong resilience to the current oil price volatility. Already, the need ...

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Nigerians’ll pay higher electricity tariffs, FG promises IMF

Nigerians’ll pay higher electricity tariffs, FG promises IMF

Nigerians will pay much higher tariff for power in 2021, going by promises made by the Federal Government to the International Monetary Fund while seeking the $3.4bn emergency financial assistance recently approved for Nigeria. The Executive Board of the IMF ...

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With powerful backers, controversial vaccine bill defies resistance

With powerful backers, controversial vaccine bill defies resistance

Contrary to insinuations in some quarters, the decision to set the legislative term plate for the administration of COVID-19 preventive vaccine predated the death of President Muhammadu Buhari’s former Chief of Staff (CoS), Mallam Abba Kyari. Some commentators had claimed ...

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Explain role in alleged N33bn NEMA fraud, PDP tells Osinbajo

Explain role in alleged N33bn NEMA fraud, PDP tells Osinbajo

The Peoples Democratic Party has asked Vice President Yemi Osinbajo, to come clean on the N5.8bn National Emergency Management Agency scandal for which he allegedly has questions to answer. The PDP also demanded that the Presidency under the leadership of ...

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When Gbajabiamila amplified COVID-19 vaccine test fears with hurried bill

When Gbajabiamila amplified COVID-19 vaccine test fears with hurried bill

When last week House of Representatives Speaker Femi Gbajabiamila rushed his colleagues through the first and second reading of a bill seeking to compulsorily vaccinate Nigerians, many had feared that the conspiracy theories making the rounds might have come home ...

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Sacked workers’ll get monthly salaries for insured jobs — Insurers

Sacked workers’ll get monthly salaries for insured jobs — Insurers

Insurance operators have said that workers who took job loss insurance covers before the commencement of COVID-19 pandemic will get insurance compensation. According to them, the compensation would be in form of regular monthly salaries that would be paid by ...

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Cut interest rates to boost economy, says Tinubu

Cut interest rates to boost economy, says Tinubu

The National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, has said the Central Bank of Nigeria should seize the opportunity of the coronavirus crisis to lower interest rates in a bid to boost the nation’s economy. Tinubu also ...

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PDP accuses Buhari of ‘abandoning’ Nigerians over COVID-19

PDP accuses Buhari of ‘abandoning’ Nigerians over COVID-19

Nigeria becoming an open prison, HURIWA alleges The Peoples Democratic Party (PDP) has called on Nigerians not to resign to fate and jeopardise their lives following what it called “President Muhammadu Buhari’s failure to find direction in the fight against ...

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Between politics of petrol subsidy and deregulation of downstream sector

Price crash: NNPC targets $10 oil production cost

The regime of fuel subsidy came into Nigeria since 1973 to cushion the impact of importation at a time the government failed to maintain the nation’s refineries despite growing demand for petroleum products. With the introduction, government fixes pump price ...

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NNPC, partners construct 200-bed hospital in Yenagoa

FG’ll offer small oil fields for licensing –NNPC

The Nigerian National Petroleum Corporation-led oil and gas industry intervention initiative on COVID-19 has commenced the third phase of their support programme. According to the NNPC, the phase commenced with the foundation laying ceremony of a permanent emergency and infectious ...

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FG retains N125/litre petrol price despite crude oil crash

FG retains N125/litre petrol price despite crude oil crash

The Federal Government has failed to review the N123.5 to N125/litre pump price of petrol for the month of May 2020 despite continued crash of crude oil price. The Petroleum Products Pricing Regulatory Agency had stated that the cost of ...

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Mass sacking in banks averted as CBN wades in

I’m too busy to eye Anambra gov seat — Ngige

No bank worker, whether permanent or temporary, will be sacked due to the economic slump occasioned by the current coronavirus pandemic, it was learnt yesterday. The assurance came from the Central Bank of Nigeria |(CBN) and the Bankers ‘ Committee ...

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PSG offer £45m for Ndidi

On paper, Ndidi is world’s most-sought-after midfielder

Leicester City midfielder, Wilfred Ndidi, is on the radar of Ligue 1 champions, Paris St.Germain, according to ESPN. The Foxes’ midfielder has had a fine season with some eye-catching displays for the former Premier League champions. His consistency and work rate ...

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Post COVID-19 Era: Massive Job Losses Loom Across Nigeria’s Public And Private Sectors

NACCIMA, MAN Demand Enforcement Of 30% Reduction In Haulage Cost

·         Developing competence is better than N50bn CBN intervention – Chukwu ·         Port sector to observe lull, export may boom – Nwagbara ·         Women will suffer 59% global retrenchment – Anishere By Kenneth Jukpor Despite the already perplexed economic situation in Nigeria occasioned ...

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BEARS: Party Goes Wrong

BEARS: Party Goes Wrong

Despite the increasing number of the COVID-19 pandemic in Lagos state, 65 partygoers have been arrested for violating the lockdown order at 84 Parks and Gardens, Augusto Close, Oko-Oba, Abule-Egba area of the state for a birthday bash. The party ...

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BULLS: Exemplary Father

BULLS: Exemplary Father

Obedience is better than sacrifice, as buttressed by the case of  a retired Federal Road Safety (FRSC) officer in a viral video who rejected his son for not obeying the stay home order by the government despite warning him to ...

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Managing Social Distancing: Health And Economic Implications

Managing Social Distancing: Health And Economic Implications

In the face of increasingly widespread of COVID-19 pandemic, Nigeria with population of over 200 million people gradually easing down the lockdown in  the country after five weeks of lockdown in the country. The coronavirus brought life to a near ...

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