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Business

Money makes the world go round, learn about those who spin the wheel

Business

N1.27 Billion Debat: Court Strikes Out Lawsuit Brought Against Against Central Bank, 4 Banks

Silas Ebeh | Crime Reporter -
A Federal High Court in Lagos has struck out a suit by the Muhammad Shitta-Bey family of Lagos seeking to recover an N1,275,351,167 billion...
Business

Atiku Abubakar’s Gotel Communications Retrenches Staff

Wires | The Trent -
About fifty-one staff of Gotel Communications Limited, an Adamawa State-based radio and television service owned by a former Vice President of Nigeria, Atiku Abubakar,...
Business

Nigeria: Power Generation Dips To 1,601Mw Despite N200 Billion Released To Gas Suppliers

Ebenezer Olatunji | News Reporter -
Power generation of the Nigeria Electricity Supply Industry, NESI, at 06:00 hour on Wednesday, April 29, 2020, dipped to 1,601mw despite the Nigerian National...
Business

COVID-19 Oil Crash: Shell Cuts Dividend For First Time Since 1940s

Agency Reports -
Royal Dutch Shell RDSa cuts its dividend for the first time in 80 years and suspended the next tranche of its share buyback program...
Business

COVID-19 Distress: Access Bank To Lay Off 75% Of Staff, Says MD Herbert Wigwe

Inah Emmanuel | News Reporter -
Herbert Wigwe, the group managing director of Access Bank, has mulled the bank's planned mass retrenchment of its workforce over what he said was...
Business

Nigerian Banks Face Risks Due To Falling Oil Prices

Amarachi Ishola | Sub-Editor -
The global oil crisis triggered by the COVID-19 pandemic has resulted in a crash in crude oil prices, which in turn poses a risk...
Business

Records Were Not Destroyed In CBN Fire Outbreak

Agency Reports -
The Central Bank of Nigeria, CBN, says no damage was done to any records in a fire outbreak in its Jos branch on Tuesday....
Business

COVID-19 Palliatives: DisCos Promise Nigerians Free Electricity For 2 Months

Wires Editor | The Trent -
For the period of the coronavirus pandemic, electricity distribution companies (DisCos) have promised to supply electricity to their consumers free of charge for two...
Business

OPEC Members Agree To Cut Daily Oil Output

Wires | The Trent -
The Organisation of Petroleum Exporting Countries, OPEC, and its non-OPEC allies, led by Russia, on Sunday, April 12, 2020, finally agreed to cut members’ crude...
Business

COVID Lockdown: Airline Operators Threaten Boycott Of Rivers Over Arrest Of Pilots

Wires Editor | The Trent -
The Aviation sector in Rivers State may be worse for it if the state government fails to release the two pilots of Caverton Helicopters...
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