Businessam Staff

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Emefiele meets service chiefs over presidential order on local uniform sourcing

Tola Akinmutimi The Governor of the Central Bank of Nigeria, Godwin Emefiele, Thursday met with service chiefs and heads of…

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TCN targets capacity of 10,000mw

The Transmission Company of Nigeria (TCN) is planning to raise the transmission wheeling capacity of the power grid to 10,000…

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’98 million Nigerians multidimensionally poor’- UNDP

United Nations Development Programme (UNDP) says the number of Nigerians, who are multidimensionally poor has increased from 86 million to…

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External debt servicing gulps $357.26m in three months

The federal government spent a total of $357.26m in the first three months of the year to service external debt,…

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Ivory Coast to keep cocoa output in check under new price plan

Ivory Coast’s cocoa regulator said it will seek to maintain output of the beans at current levels even as the…

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SAHCO records N302m loss despite 23.2% revenue rise as assets climb to N23bn in 2018

Nigeria’s second largest aviation handler, Skyway Aviation Handling Company Plc (SAHCO) says it recorded a loss before tax of N302.1…

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UK banks can cope with no-deal Brexit and trade war: BOE

British banks hold enough capital to cope with a simultaneous disorderly no-deal Brexit and global trade war, the Bank of…

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IMF sees prolonged anaemic growth in euro zone, urges ECB stimulus

The euro zone economy faces rising risks stemming from trade tensions, Brexit and Italy, the International Monetary Fund said on…

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Telcos challenge Nigerian government to close $120bn internet funding gap

By Samson Echenim Telecommunication companies in Nigeria have called on the federal government to map out clear-cut policies to develop…

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France approves digital tax on American tech giants, defying US trade threat

France's senate approved a tax on the revenues of tech giants like Google, Amazon and Facebook on Thursday, defying a…

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