U.S. stock indexes plunged dramatically yet again on Thursday, as the rapid spread of the coronavirus outside China deepens investor worries about growth and corporate earnings. The Dow Jones Industrial Average plummeted 1,190.95 points, or 4.42 percent, to 25,766.64, the largest one-day point drop in history. It comes during the quickestContinue Reading
Shoprite Holdings Limited’s decision to sell some properties and lease them back is to free up cash to invest in technology, growing online sales and upgrading supermarkets to offer more fresh food. These are the kinds of investments that give us very good returns, Chief Executive Officer Pieter Engelbrecht, saidContinue Reading
The Federal High Court in Lagos has fixed March 27, 2020 for judgment on a motion on notice filed by the Economic and Financial Crimes Commission, seeking the permanent forfeiture of the sum of $54,000 found in the domiciliary account of a firm, Asej Global Services, operated by one OjoContinue Reading
The Dangote Group has in the last five years invested over N63bn in the South East with the purchase of over 3,500 units of locally assembled Shacman trucks at the production plant of Anambra Motor Manufacturing Company (ANAMMCO), Enugu. The order was delivered over a period of five years afterContinue Reading
Nasarawa State has been selected as one of the agro industrial zones by the African Development Bank (AfDB). Governor Abdullahi Sule stated this at the weekend during the 2019 Banker’ Committee dinner and award night in Lafia. Sule said officials of the bank have confirmed that Nasarawa is among theContinue Reading
The Minister for Transportation Rotimi Amaechi has disclosed that politicians in Nigeria will not commit towards ensuring road safety if it does not benefit them politically. He explained this was why the indices regarding road safety in Nigeria have not improved much in recent years. Amaechi stated this during aContinue Reading
There has been widespread condemnation in Scotland of the UK government’s immigration plans, as industry bodies representing tourism, farming, fishing and care work say Westminster’s refusal to take into account the country’s unique population challenges make an unarguable case for a differentiated Scottish scheme after Brexit. The first minister, Nicola Sturgeon, described theContinue Reading
Emirates Airlines has suspended flights to the Murtala Muhammed International Airport (MMIA), Lagos following the persistent hazy weather condition which has resulted in poor visibility. The affected flights were EK781/EK782: Dubai – Lagos – Dubai and EK783/EK784: Dubai – Lagos – Dubai. The airline in a notice posted on itsContinue Reading
The proposed increase in the rate of value-added tax from the present 5% to 7.5% has been signed into law. President Muhammadu Buhari signed the 2019 finance bill into law in Abuja on Monday. The bill was submitted to the national assembly alongside the budget. However, the bill signing isContinue Reading
The Peoples Democratic Party (PDP) says it will field young governorship candidate in the forthcoming election in Edo State. The party Chairman in Edo State, Chief Dan Orbih, made this known on Sunday at a rally in Etsako Central Local Government area of the state. Orbih said that the emergingContinue Reading
