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Buhari’s aide, Rafsanjani, others attend Gifted Hands cooperative launching

Buhari’s aide, Rafsanjani, others attend Gifted Hands cooperative launching   Succour has come the way of Small and Medium Scale enterprises, entrepreneurs and professionals as a popular Abuja-based socialite and entrepreneur, Alexandra Alexander, launched the Gifted Hands Thrift and Cooperative, in Abuja. The business venture is a...

Total Loans To Businesses Hit N18.9trn In One Year

Total Loans To Businesses Hit N18.9trn In One Year   Total gross credit for various transactions in Nigeria rose by N3.33 trillion from N15.56 trillion at end-May 2019 to N18.90 trillion at end-June 2020. These credits were largely recorded in manufacturing, consumer credit, general commerce, and information...

Businesses Groan As COVID-19 Impact On Economy Worsens

Businesses Groan As COVID-19 Impact On Economy Worsens     The Coronavirus (COVID-19) pandemic raises several challenges across different sectors of the economy. No sector from banking, telecoms, manufacturing, e-Commerce among others are exonerated from the uncertainty and rising costs of operations triggered by the pandemic. Therefore,...

COVID-19 Stopped 74.2% Of Businesses From Operating – NECA

COVID-19 Stopped 74.2% Of Businesses From Operating – NECA   The Nigeria Employers’ Consultative Association has said the COVID-19 pandemic stopped about 74.2 per cent of enterprises’ operations in Nigeria. The acting President of NECA, Mr Taiwo Adeniyi, said this at a press briefing held on Thursday...

83% Businesses To Reduce Salaries, Downsize Over Revenue Losses

83% Businesses To Reduce Salaries, Downsize Over Revenue Losses   Although the lockdown may have been relaxed, the impact on businesses may lead to further high unemployment, reduction in consumers’ purchasing power as the latest survey by the Lagos Chamber of Commerce and Industry (LCCI), shows...

N50 PoS Charge To Be Paid By Businesses Not Customers – CBN

N50 PoS Charge To Be Paid By Businesses Not Customers - CBN   The Central Bank of Nigeria (CBN) has urged customers not to pay N50 charged to businesses for using point of sale (PoS) machines. A Director in CBN’s Payment System Management Department, Musa Jimoh, explained...