New Telegraph

OPS backs Ehingbeti summit

As preparation for Ehingbeti, the Lagos Economic Summit, holding on February 16 -18, 2021 intensifies, the organised private sector (OPS) has reaffirmed commitment to continued deployment of the platform as a channel for setting developmental…

Goldman Sachs boss gets $10m pay cut over scandal

Goldman Sachs’ Chief Executive, Mr. David Solomon, will get a $10m (£7.3m) pay cut for the bank’s involvement in the 1MDB corruption scandal, according to the British Broadcasting Corporation (BBC). 1MDB was an investment fund…

Wema Bank set to mobilise SMEs for ACFTA

Wema Bank set to mobilise SMEs for ACFTA

Wema Bank is set to hold a webinar designed to provide SMEs with all the information they require to leverage this great opportunity for expansion and growth. The webinar tagged, “African Continental Free Trade Area;…

FMN reports 91% growth in profit

FMN reports 91% growth in profit

Flour Mills of Nigeria (FMN) Plc has reported a 91 per cent increase in profit after tax for the nine months ended December 31, 2020. The unaudited Q3 result of the group showed profit after…

Bulls extend market grip, record N181bn gain

Nigerian stocks yesterday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation, rose further by 0.83 per cent. Market watchers attributed the development to sustained confidence as bargain hunters leverage…

Singapore faces talent crunch as tech giants scale up

Singapore faces talent crunch as tech giants scale up

  At least three recruiters approach Singapore-based software engineer Xiao Yuguang every day with job offers. Demand for Xiao’s skills has soared since he graduated in 2014 with a computer engineering degree but now he…

Oil rises as US oil stockpiles drop, new Chinese COVID-19 cases decline

Oil rises as US oil stockpiles drop, new Chinese COVID-19 cases decline

  Oil prices climbed on Wednesday after industry data showed U.S. crude stockpiles fell unexpectedly last week and China, the world’s second-biggest oil user, reported its lowest daily rise in COVID-19 cases, bolstering hopes of…

Importers fret over rule of origin at port

Importers fret over rule of origin at port

Stakeholders have said that poor implementation of the rule of origin and lack of safety measures may affect Nigeria becoming a dumping ground for foreign goods when the implementation of African Continental Free Trade Area…

CBN’s forex sales hit $19.91bn in 10 months

CBN’s forex sales hit $19.91bn in 10 months

Decline Forex supply to authorised dealers was hampered by precautious economic activities   The Central Bank of Nigeria (CBN) sold foreign exchange amounting to $19.91billion to authorised dealers between January and October last year, findings…

CBN: Staying on course amid COVID-19 second wave

CBN: Staying on course amid COVID-19 second wave

Even as the second wave of COVID-19 continues to dim hopes of an imminent end to the unprecedented crisis unleashed by the virus, the Central Bank of Nigeria (CBN), under the leadership of Mr. Godwin…