Business
-
LATEST
 

South Africa To Approve $1.2 Billion Bailout For National Air Carrier

by William Ukpeon June 1, 2020
Directors of the struggling South African Airways are drafting a plan for the government to offer a 21 Billion Rand( $1.2 Billion) bailout which will help the airline resume operations after the lockdown and repay debt. The company plans to use 17 Billion to repay creditors, 2 Billion as working capital and another 2 billion […]

Nigerian Manufacturers Have Unsold Inventory Of 420 Billion Naira in Q1 2020

by William Ukpeon June 1, 2020
Nigerian Manufacturers have a total unsold inventory of 420 Billion Naira for the fist quarter of 2020. The acting Director General of Manufacturers Association Of Nigeria, Ambrose Oruche announced this in a press statement. The body believes that the high amount of unsold inventory may be linked with the ongoing COVID19 pandemic which has affected […]

JUST IN: Latam Airlines Files For Bankruptcy

by Seun Adeuyion May 26, 2020
Latam Airlines Group SA, Latin America’s largest air carrier, sought bankruptcy court protection in New York after the Covid-19 pandemic grounded flights across the region. The Chapter 11 petition allows Latam to keep operating while the Chilean carrier works out a plan to pay creditors and turn around the business. Latam, whose shareholders include Chile’s […]

Nigerian GDP Expands by 1.87% In Q1 2020

by William Ukpeon May 25, 2020
The National Bureau of Statistics released Nigeria’s Q1 GDP for the year expanded by 1.87% . In the report the agency said the performance was recorded on a backdrop of disruptions due to the Covid-19 health crisis which also affected declining oil revenue. Q1 2020 GDP report published @ https://t.co/Jz9hlMyyNp. Agric real GDP grew by […]

“Associating Money With Wealth Is Nonsense”

by Seun Adeuyion May 25, 2020
Globally, people are regarded wealthy due the money influence they possess. But, Maxi Gburugburu, has kicked against it saying, associating money with wealth is nonsense. This, he stated in a thread shared via his Twitter handle, @Maxigburugburu1, on Sunday. See thread below:

“Business Development Is The Most Dangerous Job In An Agency” — Dr. Akeula Trendy

by Chuks Azotanion May 22, 2020
Creative Director, Akeula Wears, known as Dr. Akeula Trendy on popular social media platform, Twitter has dished out some career tips to both practicing and prospective business developers. According to him, the role of a business development executive has been called the “most dangerous job in an agency,” due to the short lifespan, stress, and […]