Here Are 10 Things Happening In The World Of Business Today
1.Brent Crude Is Still Diving:After hitting a 12 year low last week at $27.67 a barrel, Brent Crude is showing no signs of recovering this week. 2.Royal Dutch Shell Boss…
BOOM: FCMB Announces Results Will Be Bad
Pix: From Bloomberg FCMB Group has issued it’s long awaited profit warning advising investors that earnings will be materially bad. Here is an excerpt of the statement with focus on…
$1 billion Has Been Spent On The Revival Of NITEL – NATCOM
The Chairman of NATCOM, Mr. Olatunde Ayeni, has revealed that a total of about $1 billion has been spent on the revival of Nigerian Telecommunication Limited (NITEL) and its sister…
BOOM: Brent Crude Drops To $27 after Iran Says It Will Offer Discounts
Reports in the international media confirm Brent crude fell to $27.67 a barrel early on Monday, its lowest since 2003, before recovering to $28.56 by 0208 GMT. Asian markets are…
SOCIALIST IN CHIEF: 6 of Buhari’s Welfare Programmes That Will Cost Nigeria N500 billion
If there are any hopes that the president could be mulling postponing his promise of social welfare programmes then that hope must surely be dashed. Premium Times is reporting that…
NEW POLICY: CBN Instructs Banks To Restrict Usage of Debit Cards In The US
Nigerians banks have started sending out emails to their customers informing them that they will no longer be allowed to freely use their debit cards in countries that do not…
Imports Spikes Inflation Rate To Highest In 3 Years
Jan to Dec 2015 Inflation RatesSource: NBS/Nairametrics The National Bureau of Statistics has reported that Inflation Rate for the month of December was 9.55% (9.37% in November). This is the…
Here Is Proof That World Markets Are Falling As Hard As They Did in 2008
The year 2016 is turning out to be a really bad one for the world economy. This time, the world is suffering from shocks originating from two principal pressure points:…
ROUT: These 4 Nigerian Companies Lost N802 billion In One Week
The week ended January 15 will be remembered as one of the bloodiest on the Nigerian stock exchange as blue chip stocks lost billions in market valuation. This was a…
Howler: Ngige Pleads With Entrepreneurs To “Micro Manage” and Stop Sacking
The Minister of Labour and Productivity Dr.Chris Ngige has dropped what critics will consider a howler and another indication that the current government may be clueless. Here is what he…