Economic Confidential

Unity Bank Sacks 215, Hires 200 in Fresh Restructuring

The management of Unity Bank Plc has sacked 215 staff, just as they also engaged additional 200 fresh staff in a fresh restructuring, sources said. Most of those sacked were branch managers and senior staff, sources close to the Daily...

Investors Gain N22bn as Stock Market Trading Resumes Bullish

Investors gained N22.2billion at the stock market yesterday as the trading resumed on bullish note after two days holiday. The Nigerian Stock Exchange (NSE) All-Share Index rose by 0.23 per cent to close at 27,642.13, while market capitalisation added...

Firm Produces Diesel, Kerosene from Plastics

It was jubilation galore in Ibadan, Oyo state capital, as the Education Advancement Centre (EAC) released a set of chemical products made from waste plastics and cans. The products include diesel, kerosene and alum which are made from waste plastic...

Fashola: Most Nigerians See Govt Housing Loan as ‘National Cake’

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, said most Nigerians see government-backed housing loans as their share of the country’s financial resources, fondly referred to as ‘national cake.’ Fashola stated that it was for this reason that...

Arik Resumes Operations, FG Undecided on Aviation Sector Palliatives

Air travellers avoided the ticketing and reservation counters of Arik Air  despite the fact that the airline commenced skeletal operations in the afternoon at the Nnamdi Azikiwe International Airport Abuja. Arik, Nigeria’s largest commercial airline, had announced a temporary suspension...

Budget: FG to Raise $1bn Via Eurobond in November

In order to finance the 2016 budget, the Federal Government is to raise $1bn through the issuance of Eurobonds by November, investigation has shown. The amount to be raised from the international bonds market is part of the $4.5bn that...
spot_img

latest articles