CBN holds interest rate

The Central Bank of Nigeria held its key interest rate on Tuesday, opting to reassure jittery currency investors rather than cutting rates to help growth. CBN governor Godwin Emefiele told a news conference in the […]

BREAKING: Inflation rises to 17.6%

The National Bureau of Statistics has said the Consumer Price Index which measures inflation increased year-on-year from 17.1 per cent in July to 17.6 per cent in the month of August. Data released by the […]

Recession: Unity Bank Sacks 215 Workers

Unity Bank Plc yesterday reduced its over 2,000  workforce by sacking 215 members of staff, it was reliably learnt. The exercise, it was further leant, was to enable the lender realign its operation and pursue […]

Customs rake in over N95b in August

The Nigeria Customs Service (NCS) has collected N95.7 billion in August, its highest collection in the last 10 months. Its Public Relations Unit on its website yesterday, said: “Last month, August 2016, the Service recorded […]

HP buys Samsung’s $1bn printer business

HP said the acquisition would help it to “disrupt and reinvent” the $55bn copier industry, a segment that “hasn’t innovated in decades”. It is buying a big printing presence in Asia, as well as Samsung’s […]

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