Business News
Copper prices hit $10,000 for first time in a decade
The price of a tonne of copper exceeded $10,000 on Thursday for the first time since February 2011 thanks to strong demand in China and the weak dollar. The post
N120b intervention will address Nigeria’s electricity challenges, say experts
Stakeholders in the electricity sector, yesterday, said the Federal Government’s intervention in the power sector, especially efforts being made to address challenges… The post N120b intervention will address Nigeria’s electricity
22% of Nigerians hit by ransomware as global recovery cost nears $2m
Recovery cost from ransomware attacks has more than doubled in a year, increasing from $761,106 in 2020 to $1.85 million in 2021. The post 22% of Nigerians hit by ransomware
Shobo takes over from Adeduntan as FirstBank MD
The Directors of First Bank of Nigeria Limited has approved the appointment of. Gbenga Shobo as the new Managing Director/Chief Executive Officer (CEO), effective Wednesday, April 28, 2021. The post
Worsening insecurity to trigger higher inflation, poverty, says LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has raised concerns about the worsening security situation in the country, stating that if unchecked… The post Worsening insecurity to trigger higher
Improved business model lifts Fidelity Bank ’s Q1 profit by 53.9%
Fidelity Bank Plc has recorded a Profit before Tax (PBT) of N10.1 billion in its first quarter (Q1), 2021 operations, against N6.6 billion achieved in the corresponding period in 2020.
NSIA saves $350m from presidential fertiliser initiative
The Nigerian Sovereign Investment Authority said it has saved over $350 million from the erstwhile payments on subsidy and import substitution through the implementation of the Presidential Fertilizer Initiative. The
Globacom boosts customers’ experience with Glo Café
Telecommunications services provider, Globacom, has announced the revamp of its self-care application, Glo Café. The new App allows all subscribers on the network to enjoy the best of Glo services
300,000 Nigerians with eye defects benefit from FCMB’s ‘Priceless Gift of Sight’
First City Monument Bank (FCMB), in partnership with Tulsi Chanrai Foundation (TCF) of India, has so far carried out free eye surgeries, correctional testing services and provided glasses… The post
Huawei first-quarter sales drop 16.5% as US sanctions bite
Chinese telecoms giant Huawei said Wednesday that first-quarter revenue tumbled after harsh US sanctions ripped into its phone business. The post Huawei first-quarter sales drop 16.5% as US sanctions bite
