The South African government has agreed to fund a restructuring of South African Airways (SAA), if a business rescue plan for the struggling state-owned airline is adopted, a copy of the draft plan showed on Monday.
Oil prices edged down on Monday as traders took profits, with the Organisation of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June.
Zenith Bank Plc, has emerged as the best bank in Nigeria in the recently released Global Finance Magazine World’s Best Banks Awards 2020.
The Central Bank of Nigeria has directed all banks to resolve all outstanding issues relating to failed Automated Teller Machine, Point of Sale terminal and other electronic banking transactions within two weeks, starting June 8, 2020.
The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight over the growth of ICT’s contribution to Nigeria’s GDP in the first quarter of 2020 (Q1 2020).
Fifty-eight workers tested positive for COVID-19 at an oil production facility run by Tullow Oil off Ghana’s Atlantic coast, the company said in a statement on Friday.
The chamber stated that Africa’s largest country by market size is gradually getting the attention of international investors keen to maximize profits from the country’s vast natural resources such as fertile land and export crops including sesame seeds, cashew nuts, cocoa beans, groundnut, rubber, timber, yam and sorghum among others.
Fuel shipped from Iran began arriving at Venezuela’s gasoline stations on Saturday, just hours before President Nicolas Maduro announced higher prices at the pump that are set to end more than two decades of almost-free gasoline.
The Air Transport Senior Staff Services Association of Nigeria (ATSSSAN) and the National Union of Air Transport Employees (NUATE) have directed the staff of the Nigerian Aviation Handling Company (NAHCO) currently on essential duties to withdraw all services on the 1st and 2nd June following the breakdown in negotiations on their welfare.
The Lagos State Government and the Lagos Chamber of Commerce and Industry (LCCI) have charged farmers and all stakeholders in the agricultural sector on the need to explore the numerous opportunities that abound in agribusiness.
Some commuters in Lagos State on Friday expressed dissatisfaction over the hike in fares by the Primero Transport Services Limited, operators of the Bus Rapid Transit in the state.
Pan-Niger Delta Forum, PANDEF, the mouthpiece of traditional rulers, leaders and stakeholders of the coastal states of Niger Delta, Friday, warned the Nigeria National Petroleum Corporation, NNPC, which has allegedly sidelined South-South, South-West and South-East from its top management positions, to stop insulting the people of the oil/gas-rich region.
Financial analysts on Friday said the reduction of the monetary policy rate from 13.5 to 12.5 per cent, as announced by the Central Bank of Nigeria would expand the level of output in the economy and to some extent address inflation trend occasioned by the COVID- 19.
Administrators at South African Airways have asked creditors to approve an extension until June 8 for the publication of a business rescue plan for the struggling state airline, a letter seen by Reuters said.
The Road Transport Employers Association of Nigeria (RTEAN), Lagos State Chapter, on Friday commended Gov. Babajide Sanwo-Olu of Lagos State on how his administration had been reconstructing roads and combating COVID-19 pandemic in the state.
Lagos State Commissioner for Wealth Creation and Employment, Mrs Yetunde Arobieke, said the Lagos State Employment Trust Fund (LSETF) has supported 2,204 businesses to expand with the aim of reducing unemployment in the state.
There is still a lot to be decided in the Italian top flight, including the title as leaders Juventus currently sit one point ahead of second-placed Lazio.
COVID-19 cases in Nigeria have risen by 416, according to figures released by the Nigeria Centre for Disease Control (NCDC) on Monday night.
The Nigeria Medical Association, Ogun State chapter and the South-West caucus of the Association of Resident Doctors, on Monday, attacked the state governor, Dapo Abiodun, for berating doctors at the Olabisi Onabanjo Teaching Hospital, Sagamu.
Rodgers arrived at Liverpool in 2012, but he was sacked three years later. The decision was announced after Liverpool drew 1-1 with Everton at Goodison Park in 2015.
Arsenal are reportedly ready to keep David Luiz at the club for another year, but a key condition of that could be that he agrees to a pay cut as part of his contract extension.
A Consultant Obstetrician and Gynaecologist, Dr Abosede Lewu, on Monday urged young women to stop abuse or consistent use of Nonsteroidal Anti-Inflammatory Drugs (NSAIDs), also known as painkillers to prevent infertility.
Mr. Bola Longe, Commissioner of Police Nasarawa State command has confirmed the arrest of four suspected kidnappers linked to the abduction of Arch Bishop Joseph Masin in the State.
The Federal Government on Friday said President Muhammadu Buhari has put the country on an irreversible road to development in the last one year.
The top-flight, which was halted in mid-March owing to the coronavirus pandemic, has been allowed to resume by President John Pombe Magufuli and already teams have started group training sessions ahead of the restart.
The police in Kwara have confirmed the killing of a boy in an attack on Erubu community in Ilorin South Local Government Area of the state by suspected cultists.