Business
Daily and periodic news on business within the country and around the world on News Snow website.
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…
US to channel $400 million intended for WHO to other aid organisations
April 17, 2020
US to channel $400 million intended for WHO to other aid organisations
The United States (U.S.) could redirect $400 million it would have paid the World Health Organisation (WHO) this year to…
FG, states, councils suffer N413.3bn allocation shortfall
April 13, 2020
FG, states, councils suffer N413.3bn allocation shortfall
The three tiers of government suffered a shortfall of N413.3bn in allocation from the federation account within a two-month period…
Discos offer customers two-month free electricity
April 9, 2020
Discos offer customers two-month free electricity
Power distribution companies on Wednesday announced their support of the proposal by the National Assembly and the Federal Executive arm…
Chinese medical team arrives to assist Nigeria’s fight against COVID-19
April 9, 2020
Chinese medical team arrives to assist Nigeria’s fight against COVID-19
IMF promises speedy attention to $3.4b loan request A 15-member Chinese medical team arrived in Nigeria Wednesday afternoon. The team…
FG commissions $1bn made in Nigeria vehicles
March 10, 2020
FG commissions $1bn made in Nigeria vehicles
The Ministry of Industry, Trade and Investment in collaboration with the National Automotive Design and Development Council (NADDC) has commissioned…
NNPC recruits 1,050 graduate trainees in 2019/2020 exercise
February 16, 2020
NNPC recruits 1,050 graduate trainees in 2019/2020 exercise
The Nigerian National Petroleum Corporation (NNPC) said it has employed 1,050 graduate trainees during the 2019/2020 employment exercise, according to…
Traders count their losses as mid-morning inferno destroys Balogun Market
January 30, 2020
Traders count their losses as mid-morning inferno destroys Balogun Market
Goods worth millions of naira were destroyed on Wednesday by a mid-morning inferno, which razed a section of the popular…