Business
Daily and periodic news on business within the country and around the world on News Snow website.
Nigeria slips into recession, weighed down by COVID-19, oil prices
November 22, 2020
Nigeria slips into recession, weighed down by COVID-19, oil prices
Nigeria has slipped into a recession after its gross domestic product contracted for the second consecutive quarter, according to data…
Port Harcourt International Airport reopens
July 11, 2020
Port Harcourt International Airport reopens
Kano, Maiduguri also prepare for operations The Federal Airport Authority (FAAN) has restated commitment towards ensuring a zero Coronavirus (COVID-19)…
Buhari hopes revised 2020 budget will mitigate COVID-19 effect
July 11, 2020
Buhari hopes revised 2020 budget will mitigate COVID-19 effect
President Muhammadu Buhari, yesterday, signed into law, the revised N10.8 trillion budget for the year 2020 passed by the National…
Lawmaker accuses Nigerian officials of signing loan documents written in Chinese
May 14, 2020
Lawmaker accuses Nigerian officials of signing loan documents written in Chinese
A member of the House of Representatives representing Ethiope Federal Constituency, Mr. Ben Ibakpa, has accused some Nigerian officials of…
Israeli bank Hapoalim admits money laundering as part of FIFA scandal
May 2, 2020
Israeli bank Hapoalim admits money laundering as part of FIFA scandal
Israeli bank, Hapoalim, has agreed to pay $30million (£24million/€27.2million) after admitting money laundering as part of a high profile FIFA…
Access Bank plans to cut staff salaries to avoid lay off
May 1, 2020
Access Bank plans to cut staff salaries to avoid lay off
Access Bank Plc plans to cut staff salaries to avoid downsizing its workforce as coronavirus continues to ravage the world…
Buhari nominates candidates for RMAFC, FCC, Civil Service Commission
April 28, 2020
Buhari nominates candidates for RMAFC, FCC, Civil Service Commission
President Muhammadu Buhari on Tuesday wrote to the Senate to confirm the candidates he has chosen for positions in the…
IMF approves $3.4bn emergency support for Nigeria
April 28, 2020
IMF approves $3.4bn emergency support for Nigeria
‘FG converts N850 bn external borrowing to domestic’ The International Monetary Fund (IMF) on Tuesday approved Nigeria’s request for $3.4…
Germany writes off Nigeria’s N8.9 billion debt
April 28, 2020
Germany writes off Nigeria’s N8.9 billion debt
Germany on Tuesday in Abuja disclosed that it has granted Nigeria debt relief amounting to N8.9 billion (€22.4 million) due…
No ‘business as usual’ with China after Coronavirus, U.K. says
April 17, 2020
No ‘business as usual’ with China after Coronavirus, U.K. says
British Foreign Secretary, Dominic Raab, has revealed it could no longer be “business as usual” with China when the coronavirus…