• 2651208
    2
    Nov

    Benefits of Recession to Nigerians

    Recession is seen a period of suffering but there are some benefits we can draw from the current economic crises:     It causes you to get more creative.     It forces you to make the tough decisions.     It thins out the competition.     It makes you realize you can’t take anything for granted.     It reminds you that real ...
  • meter
    24
    Oct

    Power firms seek FG’s intervention on tariff

    PUNCH NEWSPAPER REPORT: To avert an increase of over 200 per cent in electricity tariff payable by residential consumers in the near future, the Federal Government has to intervene in the sector, power distribution companies have said. According to them, the government’s intervention is vital in order to address the N809bn revenue shortfall in the industry. They insisted that the ...
  • dangote
    24
    Oct

    Recession: Dangote sacks 36 expatriates, 12 Nigerians

    PUNCH NEWSPAPER REPORT: The current recession rocking the Nigerian economy has hit one of the biggest employers of labour in the country outside of the government as the Dangote Group, belonging to Africa’s richest man, Aliko Dangote, has fired 48 members of staff. Our correspondents gathered that those sacked were made up of 36 expatriate and 12 Nigerian workers from ...
  • cbn
    21
    Oct

    10 top Business News Friday 21st October, 2016

    CBN, Heritage Bank Disburse N774m to Young Entrepreneurs FG Seeks Private Sector Partnership to Boost Agricultural Sector MTN Shares Hit by Report of Higher Nigeria Money Transfers Customs fire four deputy comptrollers, 25 other senior officers ExxonMobil reduction of Nigerian operations raises job losses’ fears Revenue dips by N90.27bn as governments share N420bn Multiple taxation: Lagos to streamline tax, revenue ...
  • fiance
    7
    Jun

    What to do if you are Financially Illiterate

    There an article in the Punch Newspaper title “Over 70% of Nigerians are financial illiterates”. The statement was made last week by the Chairman of Bank Customers Association of Nigeria, Mr. Uju Ogubunka at the Financial Literacy Excellence Award (FiLEX), in Lagos, he noted everyone needed financial inclusion irrespective of gender, age or profession. According to Investopedia; Financial literacy often ...
  • cbn
    25
    May

    What is the meaning of CBN “Floats” The Naira?

    Lots of business people expected the devaluation of the Naira by the CBN but the apex bank decided to abandon its fixed rate policy in favour of a flexible and multiple market model, which implied a floating exchange rate regime. So what does it mean to “Float” the exchange rate? According to Vanguard Newspaper “By the new exchange rate regime, CBN ...
  • unemp-q1-2016-info2
    20
    May

    Nigeria has more Unemployed Women than Men

    By James O. James The Nigerian National Bureau of Statistics has released an unemployment and underemployment report for the first quarter of 2016. According to the report “In Q1 2016, the labour force population (i.e. those within the working age population willing, able and actively looking for work) increased to 78.4 million from 76.9million in Q4 2015, representing in an ...