Good morning, here are the latest top business news headlines for today Saturday, July 2021.
COVID-19 Reduced Diasporan Remittances By $5bn – NIDCOM
The Chairman, Nigerians in Diaspora Commission (NIDCOM), Abike Dabiri-Erewa, says that the COVID-19 pandemic has reduced annual diasporan remittances to Nigeria by $5 billion
She stated that the commission and other agencies of the…Read more
Manufacturers Face Inventory Pileup Amid Low Purchasing Power- CBN
Nigerian manufacturers are experiencing a pileup of inventory of finished goods due to low purchasing power of Nigerians, the Purchasing Managers Index (PMI) of the Central Bank of Nigeria (CBN) has shown.
A Monetary Policy Committee (MPC) member, Folashodun Shonubi, while…Read more
NNPC Subsidiary NETCO Posts N3.37bn Profit
The National Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has reported a profit before tax of N3.37 billion for the year ended Dec. 31, 2020.
The News Agency of Nigeria (NAN) reports that Mr Adeyemi Adetunji, Chairman…Read more
IMF Augments Support For Low-Income Countries
To support Low Income Countries (LIC) especially hit hard by the coronavirus pandemic, the International Monetary Fund (IMF) has ramped up its support channel by approving reforms to provide concessional loans.
The institution said that the concessional loan reforms approved by…Read more
Nigeria Is facing Worst Unemployment Crisis – World Bank
The World Banks says Nigeria is facing the worst unemployment crisis in the past 10 years due to the inability of educated Nigerians to find job opportunities.
The multilateral institution also noted that the socio-economic challenges facing…Read more
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