BUSINESS

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COVID-19: 13 million jobs could be lost in Nigeria – UN

COVID-19 may lead to the loss of 13 million jobs in Nigeria, the World Food Programme (WFP) of the United Nations (UN) said on Wednesday. WFP’s Senior Spokesperson, Elisabeth Byrs, said this in a statement. According to Byrs, more than $182m is needed to sustain life-saving aid to Nigeria over the next six months. She […]

BREAKING: CBN stops banks from retrenching workers

The Central Bank of Nigeria (CBN) has ordered all banks not to retrench any workers A statement from the apex bank signed by Mr. Isaac Okorafor Director, Corporate Communications said the CBN, Bankers’ Committee both decided to suspend lay-offs in banks. Access Bank has been trending in the media after an alleged video of a […]

Access Bank Shuts Down 346 Branches Nationwide (Full List)

Nigerian financial power house, Access Bank, annunciated the closure of more than 300 of its branches nationwide in a bid cut down running costs as a result of the outbreak of the deadly virus, COVID-19. This move comes in the wake of a statement made by the group managing director/CEO of Access Bank, Herbert Wigwe […]

BREAKING!!! Popular Nigerian Billionaire Dies During Surgery(Photos)

Popular Nigerian Billionaire from Bayelsa State, Keniebi Okoko, has died of Liposuction in Lagos Hospital. A reliable source close to the Bayelsa born Billionaire told our source that the billionaire died a painful death from the Anaesthesia Liposuction. The source said; “while the operation was going successful, there was a power outbreak in the hospital”. […]

COVID-19: Reps seek two-month free power supply to Nigerians

The House of Representatives is to consider a fresh Stimulus Bill that will ensure that Nigerians get free electricity supply for two months to mitigate the effects of the COVID-19 pandemic, Speaker Rep. Femi Gbajabiamila has said. The Speaker said the proposed Bill is to help in boosting the economy through the informal sector as […]

Union Bank, Eko Hotels shut down operations over Coronavirus

Amid the scare of Coronavirus, Union Bank of Nigeria and Eko Hotels have joined corporate organisations lending their voices to the war against the deadly disease, Covid-19 by shutting down operations. As regards Union Bank, it was gathered that members of staff have been urged to work from home. In a statement obtained by TheNewsguru, […]

Zenith, Union Banks clear air on alleged merger talks

The managements of both Zenith Bank Plc and Union Bank of Nigeria Plc have reacted to the widespread reports that they were having discussions bordering on becoming a single entity. Zenith Bank on Tuesday released a press statement to the Nigerian Stock Exchange (NSE), claiming it had not made any binding offer to acquire any […]