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Category: Finance

Sani Abacha Loot of $311m Handed to Nigerian Government
Finance

Sani Abacha Loot of $311m Handed to Nigerian Government

The US and the British dependency of Jersey have handed to the Nigerian government a stolen amount of money ($311m)…

Christina NgeneMay 4, 2020May 5, 2020
Atiku Abubakar: Dozens of Gotel Communications Staff Fired in One Day
BusinessFinance

Atiku Abubakar: Dozens of Gotel Communications Staff Fired in One Day

The media company, Gotel Communications, owned by the ex-vice president of Nigeria, Atiku Abubakar has dismissed dozens of its staff…

Christina NgeneMay 1, 2020May 1, 2020
IMF Support to Nigeria with backup fund to sustain it through pandemic
Finance

IMF Support to Nigeria with backup fund to sustain it through pandemic

Coronavirus is throwing Nigeria’s financial corporations into further crises mostly due to a slump in oil prices. The executive board…

Christina NgeneApril 29, 2020March 15, 2021
Naira/Dollar – Naira is a long way from recovering this weakness
Finance

Naira/Dollar – Naira is a long way from recovering this weakness

As oil prices continue to plunge, Naira follows right after it. As of Friday, Nigeria’s currency was at about 500…

Christina NgeneApril 27, 2020April 30, 2020
Naira at 420/USD in the black market for the first time in three years
Finance

Naira at 420/USD in the black market for the first time in three years

The USD has soared above the Nigerian naira to be at 420/dollar in the black market this Tuesday. The last…

Christina NgeneApril 21, 2020April 21, 2020
How to Apply for the Google Journalism Emergency Relief Fund
Finance

How to Apply for the Google Journalism Emergency Relief Fund

Small and medium-sized news organizations are going to get financial support from Google through the Google News Initiative. Applications are…

Christina NgeneApril 16, 2020April 30, 2020
IMF Debt Relief – 19 Countries in Africa on List, Nigeria Missing
Finance

IMF Debt Relief – 19 Countries in Africa on List, Nigeria Missing

A statement has been issued by Ms Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) to grant Immediate…

Christina NgeneApril 14, 2020April 29, 2020
List of Unclaimed Dividends in Nigeria – How to Collect Them
Finance

List of Unclaimed Dividends in Nigeria – How to Collect Them

The capital market in Nigeria pays out dividends from time to time but they still have a long list of…

Christina NgeneApril 14, 2020April 14, 2020
Free Processing for COVID-19 Loan – Here’s how to access it at NIRSAL
BusinessFinance

Free Processing for COVID-19 Loan – Here’s how to access it at NIRSAL

Following the lockdown which was initiated due to the coronavirus pandemic, the Central Bank of Nigeria introduced N50 billion Targeted…

Christina NgeneApril 14, 2020June 15, 2020
Daily Earners in Nigeria Likely to Get Welfare Fund – Professor Osinbajo
BusinessFinance

Daily Earners in Nigeria Likely to Get Welfare Fund – Professor Osinbajo

The Federal Government of Nigeria has said they are having an extensive discussion on offering relief fund to daily earners…

Christina NgeneApril 11, 2020October 28, 2020

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News Summary Today

The explosion and a suspected attack on the Trans-Niger Pipeline, TNP, have warranted a state of emergency in Rivers State. President Bola Tinubu made the announcement Tuesday, where he also suspended the current administration as well as, instated a new leader, Vice Admiral Ibokette Ibas, for six months to run the affairs of the state.

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