nairametrics news

  1. Kenneth Chimaobi

    World COVID-19: WHO reverses itself based on new discovery about the virus – Nairametrics News
  2. Nigeria Business News

    Business Nigeria’s economy can’t survive without diaspora inputs, says PwC Chief Economist – Nairametrics

    Nigerians in Diaspora have been described as the chief enablers financing the Nigerian economy. The remittance inflows into the country showed that the nation depends largely on them to survive. This disclosure was made by the Leader and Chief Economist of PwC, Dr Andrew Nevin. … Read more...
  3. ese

    Business BREAKING: Inflation rate jumps to 12.13%, highest in 21 months - Nairametrics

    Nigeria’s inflation rate has increased from 11.98% recorded in December 2019 to 12.13% in January 2020. This is the highest rate recorded in the country since May 2018, which was 11.61%. According to the NBS report, month on month, inflation rose by 12.13% in January, higher than the rate...
  4. Nigeria Business News

    Business Access Bank moves headquarters to Oniru, Lagos – Nairametrics

    The management of Access Bank Plc has notified the Nigerian Stock Exchange of the relocation of its head office from Danmole Street in the Victoria Island axis of Lagos State to Oniru within the commercial hub of the nation. This was disclosed in a notice sent to the … Read more via...
  5. Nigeria Metro News

    Metro Coronavirus: Egypt confirms first case in Africa – Nairametrics

    The Egyptian Ministry of Health has confirmed the first case of the novel coronavirus in Africa on Friday. This came after the ministry conducted several tests for the carrier.... Read more via Nairametrics – Get More Nigeria Metro News
  6. Nigeria Business News

    Business AfDB, Asian Bank, others worsen poor nations’ debt problem – Nairametrics

    World Bank has alleged that African Development Bank (AfDB), Asian Development Bank, and the European Bank for Reconstruction and Development worsen the debt burden of Nigeria and other countries. This was disclosed by the President of the global lender, David Malpass, at a forum in...
  7. Nigeria Business News

    Business AIICO Insurance seeks approval to raise N3.5 billion – Nairametrics

    In order to meet the new capital base directed by the insurance market regulator, National Insurance Commission (NAICOM), AIICO Insurance Plc, is planning to raise funds.... Read more via Nairametrics – Get more: Nigeria Business News
  8. Nigeria Business News

    Business Lagos turns to Uber, Bolt, others, clamps down on them over permits – Nairametrics

    These are not good times for ride-hailing companies and their patrons in Lagos, as Governor Babajide Sanwo-Olu led administration has started beaming lights on the operations of the car-hailing firms like Uber, Bolt, and Ocar among others. This has caused an uproar on social media, with some...
  9. Nigeria Business News

    Business Okada ban: Gokada plans to offer logistics, boat services – Nairametrics

    Ride-hailing service, Gokada doesn’t look at ditching its brand, even after being banned from operating alongside other commercial motorcycles (Okada) and tricycles (Keke Napep) in Lagos State. While the ban, which took effect from February 1, 2020, continues, Gokada has disclosed plans to...
  10. Nigeria Business News

    Business Nigeria’s total debt rises to N26.14 trillion – Nairametrics

    Nigeria’s total debt stock rose to N26.14 trillion as of the end of September 2019. This is disclosed in the latest report released by the National Bureau of Statistics (NBS). The report stated  that the nation’s total debt rose from N25.70 trillion in March 2019 to N26.14 trillion by the …...
  11. Nigeria Business News

    Business CBN Governor, Godwin Emefiele, reacts to devaluation of naira call – Nairametrics

    The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has reacted to analysts’ projections concerning the devaluation of naira. According to Emefiele’s recent stance, naira devaluation will not be happening anytime soon. Emefiele reportedly stated that Nigeria’s reserves level...
  12. Nigeria Business News

    Business Five firms abandon Facebook’s ‘Libra’ currency, as Vodafone announces exit – Nairametrics

    Three months after Mastercard and Visa pulled out of Libra, a cryptocurrency owned by Facebook, it seems the exit door is still open as another member of the Libra Association takes a bow. The new member exiting Libra is a telecommunications company, Vodafone.... Read more via Nairametrics...
  13. Nigeria Business News

    Business Afrinvest MD predicts when the naira will finally be devalued – Nairametrics

    Only one thing can prevent Nigeria’s currency (the naira) from being devalued by the second half of 2020, and that is a radical increase in crude prices. This is according to Ike Chioke, the Managing Director of Afrinvest West Africa Limited. Chioke reportedly made the prediction over the...
  14. Nigeria Business News

    Business Guinea-Bissau calls on Nigeria to assist in rice production – Nairametrics

    In a bid to meet its food sufficiency, food security and nutrition targets, Guinea-Bissau has called on Nigeria to assist in the production of rice. The call was made by the Guinean Ambassador to Nigeria, Henrique Adriano Da Silva during his visit to the Federal Ministry of Agriculture and …...
  15. Nigeria Business News

    Business Shell declares force majeure, to stop Bonny Light crude oil export – Nairametrics

    Shell Petroleum Development Company will stop Bonny Light crude oil exports after announcing a force majeure on the operation. The subsidiary of Royal Dutch Shell in Nigeria had made the decision due to circumstances beyond its control. According to a spokesman, Shell’s decision to declare a...
  16. Nigeria Business News

    Business GTBank crashes payday loan to 1.33% monthly – Nairametrics

    Guaranty Trust Bank, Nigeria’s largest bank by market capitalization, has crashed its interest rate for its payday loans from 1.75% to 1.33% per month. The bank reviewed its rate, which is published on its website, as it becomes one of the lowest in the lending space.... Read more via...
  17. Nigeria Business News

    Business Smartphone users spend $120 billion on mobile apps in 2019 – Nairametrics

    Smartphone users spent $120 billion on mobile apps, as 204 billion apps were downloaded in 2019, setting a record higher than that of 2018, the annual State of Mobile report has shown. The annual report, “State of Mobile” by App Annie disclosed that the number of mobile apps downloaded climbed...
  18. Nigeria Business News

    Business UBA Recruits 4000 New Staff, Promotes Over 5,000 Staff members; increases Salaries Up to 170%. – Nairametrics

    Lagos, Nigeria, January 06, 2020: Over 5,000 staff of the United Bank for Africa (UBA) Plc, started the new year with a lot of cheer as the bank yesterday announced its promotion to new grades as well as salary upgrades with immediate effect this January.... Read more via Nairametrics –...
  19. Nigeria Business News

    Business FG may increase electricity tariffs to improve power supply – Nairametrics

    Nigerians will start paying more on electricity supply as the Federal Government plans to boost power supply. The Minister of Power, Saleh Mamman, said the hike was inevitable due to the rising cost of electricity generation in Nigeria. According to Mamma, improvement in electricity supply...
  20. Nigeria Metro News

    Metro Border closure: Senate to probe closure of Nigerian businesses in Ghana – Nairametrics

    The Nigerian Senate has directed its Committees on Foreign Affairs and Trade and Investment to investigate the alleged shutdown of Nigerian businesses in Ghana. The probe was initiated as the operation of about 600 businesses belonging to Nigerians were allegedly shut... Read more via...