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Business
China accuses India of violating WTO rules by banning Tik Tok, others
China on Wednesday accused the Indian government of violating the World Trade Organisation’s fair rules of business by the government’s decision to ban 59 Chinese apps, saying this will hurt Chinese firms.
The ban dates from last year…
Shareholders inject N9.93b into Transcorp Hotels
Transcorp Hotels Plc’s shareholders have injected N9.93 billion in new equity funds into the hospitality and tourism company.
In fourth quarter 2020, Transcorp Hotels, owners of Transcorp Hilton Abuja and Transcorp Hotels Calabar, had…
Glo achieves 33% growth in 3Q 2020, leads other service providers
The National Bureau of Statistics (NBS) has said telecommunications service provider, Globacom, led other service providers in the Nigeria’s telecommunications industry in the third quarter of last year.
According to NBS, the sector…
Qatar Airways begins COVID-19 digital travel pass trial
Qatar Airways is planning to be the first airline in the Middle East to begin trying the new IATA Travel Pass ‘Digital Passport’ mobile app. The airline is working in partnership with the International Air Transport Association (IATA) to…
Customs seizes pangolin scales, others worth N952m in Apapa port
The Nigeria Customs Service (NCS) Apapa Area Command has intercepted a container containing pangolin scales and other mixed endangered species meant for export. The seized items are worth N952 million.
Comptroller Mohammed Abba-Kura…
CBN advises FG against lockdown, retains 11.5% interest rate
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday advised the Federal Government not to consider another round of lockdown.
CBN Governor Godwin Emefiele made this known in Abuja at the end of the first…
Norrenberger optimistic in Nigeria’s 2021 economic outlook
A financial services group, Norrenberger Financial Group, has released its economic outlook report for Nigeria in 2021. It provided detailed analysis of the Nigerian economy in 2020 also.
In its report, Norrenberger also analysed the…
SON destroys N300m gas cylinders, tyres in Lagos
The Standards Organisation of Nigeria (SON) yesterday in Lagos destroyed over N300 million worth of substandard and unsafe gas cylinders and vehicle tyres. The destroyed items failed to meet the minimum requirement of the Nigerian…
Air Peace launches multiple domestic routes
In a bid to drive its vision to interconnect Nigerian cities, Air Peace has announced the launch of new domestic routes and the resumption of suspended ones.
The new routes to be launched in February 2021 are: Enugu-Kano-Enugu,…
IMF identifies climate change, other challenges to economic stability
Climate change poses a fundamental risk to the economic and financial stability of the world. This was the position of Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva. The IMF boss was speaking at the…