Business

Expert urges SMEs to embrace digital marketing

A digital marketing consultant, Mr Efe Igbinovia, has called on operators of Small and Medium Enterprises (SMEs) to embrace digital marketing to get more patronage, following the effects of COVID-19 lockdown. Igbinovia gave the advice in Benin, saying the owners of SMEs should increase their social media presence given the fact that there was a […]

Business

‘Nigeria’s debt ratio set to worsen’

Given that the Nigerian economy seems to be sliding into a recession, a development, which may negatively impact government revenue, the authorities would have no option but to rely on borrowings to fund the 2020 budget, thereby worsening the country’s debt ratios, analysts at the research department of Coronation Merchant Bank have said. The analysts […]

Business

Dangote Cement issues N250bn in debt securities in 6 months

Dangote Cement Plc has raised a total of N250 billion in debt securities within six months in 2020, according to FMDQ Securities Exchange. According to a statement released by the exchange, the debt securities range from its recent debut N100.00 billion Series 1 Bond under its N300.00 billion Bond Programme, which was 150 per cent […]

Business

COVID-19: CMSCC donates ambulance to FCTA

The Capital Market Support Committee on COVID-19 (CMSCC) has commended the Federal Capital Territory Administration (FCTA) for assisting the Federal Government combat COVID- 19 in the country. Acting Director General of the SEC, Ms. Mary Uduk, stated this in Abuja on Thursday when she led other members of the committee to donate an ambulance and […]

Business

NSE erases previous day’s gain, loses N115bn

Trading activities on the floor of the Nigerian Stock Exchange yesterday closed on the negative route to upturn previous day’s gain as bears regained grip following the selloff witnessed on blue chip firms. The local bourse recorded seven gainers against 26 losers to close the trading session negative. Consequently, the All-Share Index dipped 220.65 basis […]

Business

Covid-19: Accenture cuts 900 jobs

Consulting firm, Accenture, is cutting up to 900 jobs, or eight per cent of its U.K. workforce, as the coronavirus pandemic prompted a sharp slump in demand for its advisory work, Bloomberg reported yesterday. Between 700 and 900 jobs will be affected by the planned cuts, an Accenture spokesman said Thursday in an email. The […]

Business

Lender donates COVID-19 test kits to Lagos

Stanbic IBTC Holdings PLC has further strengthened its support for fight against Coronavirus (COVID-19) through the donation of test kits to the Lagos State Government. Announcing the donation of the kits, which were presented to the Lagos State Government at the Lagos State Biobank, Mainland Hospital, Yaba, the lender said the move became imperative given […]

Business

Apple to re-close more stores in US

Apple said it would re-close more than two dozen stores in seven states starting Thursday, including its home state of California, bringing total closures to 77 as coronavirus cases continue to rise. The stores will close in Alabama, Georgia, Idaho, Louisiana, Nevada and Oklahoma, it said on Wednesday, when additional stores had already closed in […]

Business

Scams: Wema Bank cautions customers

Wema Bank Plc has urged its customers to beware of fraudsters and impostors seeking to take advantage of the current economic situation to defraud unsuspecting victims. In line with the regulatory requirement from the Central Bank of Nigeria, the bank has sent out series of scam alerts, stressing the need for customers to be mindful […]

Business

Conoil records N139.8bn turnover

Conoil Plc has reported a turnover growth of 14.4 per cent to N139.8 billion for the financial year ended December 31, 2019. According to a statement from the company, Conoil’s 2019 full year results showed that the company maintained its leadership position in the industry, reaping bountifully from the huge investments in its business portfolios. […]

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