IMF accepts Lagarde’s resignation, begins replacement process
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IMF accepts Lagarde’s resignation, begins replacement process

Webby - July 16, 2019

The Executive Board of the International Monetary Fund (IMF) on Tuesday accepted the resignation of the Managing Director, Christine Lagarde from the Fund with effect from September…

ECONOMY: CBN Intervenes in Forex market with $210 Million
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ECONOMY: CBN Intervenes in Forex market with $210 Million

Webby - July 16, 2019

ABUJA – The interbank segment of the Foreign Exchange Market has received a fresh boost of $210 million from the Central Bank of Nigeria (CBN) following sales…

20,000 steel manufacturing jobs under threat over importation
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20,000 steel manufacturing jobs under threat over importation

Webby - July 16, 2019

No less than 20,000 workers face loss of job if the current menace of importation of substandard roofing materials is left unchecked by the Standards Organisation of…

Trade war: China economy suffers setback
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Trade war: China economy suffers setback

Webby - July 15, 2019

China economy posted the slowest quarterly growth in almost three decades, growing by 6.2% for the second half of 2019, down by 0.2% when compared to the…

Consortium laments high cost of doing business in Nigeria
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Consortium laments high cost of doing business in Nigeria

Webby - July 13, 2019

Foreign companies in Nigeria owned by Germans, Swiss and Austrians have expressed displeasure over the high cost of doing business in Nigeria. The international consortiums said they…

NLC dialogue with Ecobank bank over protesting staff
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NLC dialogue with Ecobank bank over protesting staff

Webby - July 13, 2019

The Nigeria Labour Congress (NLC) has entered into a strategic dialogue with Ecobank Plc for the lender’s non-renewal of the contract of its third-party recruitment agencies. It…

Senate approves digital tax on tech giants
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Senate approves digital tax on tech giants

Webby - July 13, 2019

France’s senate approved a tax on the revenues of tech giants like Google, Amazon and Facebook  defying a warning from the President Donald Trump administration that it…

Retail SMIS gets $298.71m, CNY39.69m Boost
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Retail SMIS gets $298.71m, CNY39.69m Boost

Webby - July 12, 2019

ABUJA – The Central Bank of Nigeria (CBN) says it has made another intervention in the retail Secondary Market Intervention Sales (SMIS) to the tune of $2698.71million…

Economy: Central Bank policy frees N750b for loans
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Economy: Central Bank policy frees N750b for loans

Webby - July 12, 2019

The Central Bank of Nigeria (CBN) directive for banks not to deposit funds above N2 billion at its Standing Deposit Facility (SDF) window will free over N750…

Ecobank under fire over sack of workers
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Ecobank under fire over sack of workers

Webby - July 12, 2019

ganized labour on Thursday stormed the Victoria Island headquarters of Ecobank Plc to protest the alleged sack of workers. They accused the management of the bank of…