Business

Mastercard, Visa Stops Payments to Bitcoin-Friendly Pornhub after rape video exposé

The move to disable payments for the Pornhub Premium subscription is permanent, Mastercard said the move by Visa is temporary pending the findings of its own investigation.

SAD! $1 is changed at N500 after new rates by CBN

Poor exchange Rate for Nigerians

Naira Falls to Weakest Level In 6 Weeks at Black Market Despite CBN Modifying rate

It altered the rate at which bureaux de change could sell the naira from 386 by 1.56 percent to 392 per dollar, CBN said in a circular issued by Bloomberg to dealers on Monday.

Naira weakens against dollar on black market amid liquidity drop

Before inching up to close at a peak rate of N386, the exchange rate had reached an intraday low of N384.

Naira falls across forex markets as dollar supply eases

About September 7 and now, more than $450 million was sold to BDCs by the regulator.

Fresh W’Bank, AfDB, IDB loans may raise Nigeria’s debt to N31.7tn

Conversations are currently underway about the loan offer.

Brand Authenticity, Originality and Believability

how credible and believable are your brand propositions, claims and positions?

Access Bank begins to disburse loans to boost Nigerian health sector

The interest rate for the loan is set at a maximum of 5.0 per cent per year (all-inclusive) until February 28, 2021, making it more open to a wider sector percentage.

Stage two loans could threaten banks’ financial condition

‘Agusto & Co. believes that banks should not be forced to lend as this may encourage weaker risk management practices.

Best Fitness Trackers 2020: Today's Top Activity Bands

filtering up to the best devices can still be a bit of a challenge

CBN unveils plan for closer monitoring of chronic bank loan defaulters from August

creditor banks must "indemnify NIBSS and other Participating Financial Institutions from all liabilities that may arise from inappropriate use of the GSI infrastructure

Opay shuts down operations in Nigeria

shutting down the venture was in an effort to restructure its business framework.

ONLINE SHOPPING IN NIGERIA WITH BUILDERSMARKETLTD.COM

SHOP ON BUILDERSMARKETLTD.COM simplify procurement process by offering one stop online Shopping Marketplace for industrial, business, personal projects.

NBC orders DSTV to suspend implementation of new tariffs

The order was released Tuesday by Mr Armstrong Idachaba, the Acting Director-General of the Nigerian Broadcasting Commission, NBC.

6 million households await meters as DisCos braces for new electricity tariff

The new tariff is service reflective, so customer that enjoy premium services are expected to pay higher tariff based on the guaranteed hours of availability and service quality.

Merchandise Trade Points to 27% Decline This Quarter, 20% For 2020, Report Says

Data for March shows that as the pandemic took hold in Europe, imports of medical equipment jumped by 21 per cent in the region while continuing to increase in China (41%).

IITA Gives Helping Hand to Cameroonian Farmers

The second part of the exercise was the inauguration of a water supply system for the cooperative UGILE, headed by Mbassi Fabienne, at Lendon ll, a village in the Centre Region.

In Tanzania, Horticulture is Turning a Cash Cow for Youths

The vision of the scheme is to empower Tanzanian youths to participate fully in agricultural development, contribute to economic growth, and address the challenge of unemployment.

ILO Presses Governments on Plight of Trapped 200,000 Seafarers

The seafarers are being trapped because of measures to contain the rampaging COVID-19 pandemic.

Biodiversity Safeguard Guidelines Helping Businesses Adapt to COVID-19 Pandemic, UNCTAD Economist Says

Sales by BioTrade companies and initiatives have steadily increased over the years, from $40 million in 2003 to $6.7 billion in 2019, offering great growth potential for companies like Salay Shae Saung.

UNCTAD Moves to Boost Sustainable Blue Economy, Names Special Adviser

She is the fastest woman to sail around the world, a philanthropist, ocean conservation advocate and entrepreneur.

UN Unveils Fresh Initiative to Help Developing Countries Build Trade Resilience amid COVID-19 Crisis

The project which was launched in May will implement UN solutions, standards, guidelines, metrics, tools and methodologies.

Rystad Energy Projects Total Oil Demand in 2020 to Fall to 88.1 Million BPD as US Inventories Rise

Its estimates show that total oil demand in 2019 was approximately 99.5 million BPD, which is now projected to fall to 88.1 million BPD in 2020.

ILO: COVID-19 Pandemic Affects Youths Disproportionately

ILO says more than one in six young people have stopped working since the onset of the COVID-19 pandemic while those who remain employed have seen their working hours cut by 23 per cent.

COVID-19 Crisis: What We’ve Been Doing Backstage, By ILO’s Director

we have developed a number of tools for EBMOs to use with their members, ranging from ways of dealing with COVID-related workplace issues

COVID-19 Crisis Gives Fresh Impetus to Kiribati’s ICT, e-Commerce Efforts

Access to financing is also limited as the country’s small banking system is not well-positioned to fully cater to the needs of the private sector through business lending.

Latest UNCTAD Report Says Merciless COVID-19 Cuts Global Trade Values in 2020 Q1

UNCTAD will release a new monthly trade nowcast, which will provide quarterly nowcasts for merchandise trade.

Tourism Has Collapsed Globally, UNCTAD Experts Say, Offer Policy Options

For all tourism actors, training programmes should go beyond tourism to alleviate the dependence on tourism and spearhead economic diversification.

Construction Sector Holds the Key to Kick-starting COVID-19 Ravaged Economies, ILO’s Specialist Says

’In most other sectors of the economy, the government is reliant on the private sector is willing to hire extra workers and cover their share of the costs.

ILO Expert Faults Online Platforms, Tools

we need to think about the “new” skills required by industry and employers post-COVID-19 to get people back into employment quickly.

UNCTAD’s Scribe, Kituyi Outlines How to Rejuvenate Global Economy, Trade

we must be very cautious that the uneven access and opportunities afforded by digital technologies do not become a bigger problem as they grow in popularity.

UNCTAD’s Report on Blue Economy Says COVID-19 Crisis Favours Fishing Industries

measures to curb the spread of the pandemic have hit fishers real hard.

Angola Moves to Regain Lost Glory as Top Coffee Exporting Country

We shouldn’t produce more coffee just for the sake of it”, he said. “It’s important to have in mind how much value we could get.

COVID-19 Crisis Compelling Countries to Allow Critical Goods, Services, UNCTAD Says

... the country’s disease control agency has reported six new deaths from COVID-19, thus bringing the tally to 158 nationwide.

COVID-19 Pandemic: Countries are Initiating Investment Policies- UNCTAD

The Nigeria Centre for Disease Control (NCDC) reported 242 new confirmed cases of the virus and seven deaths as of Monday night.

COVID-19 Will Impair LDCs’ Ability to Rebuild their Societies, Says ILO’s Investment Expert

The economies of LDCs, vastly impoverished nations were at a low level even before the coronavirus struck.

Access Bank denies closing branches, sacking staff

These rumours have justifiably raised concerns among the Bank’s stakeholders including employees, customers, shareholders and the general public

Zenith Banks Support Mobile Banking Transactions by Introducing Short Code

licensed mobile money number is a prerequisite for prospective customers

BREAKING: CBN stops banks from retrenching workers

After an alleged video of a town hall meeting between bank managing director Herbert Wigwe and workers, Access Bank has been trending in the media.

ILO Recommends COVID-19 Risk Assessments to Employers as Pressure Mounts to Ease Lockdown

ILO also wants all employers to ensure that their workplaces meet strict occupational safety and health criteria.

UK Extends Support for UNCTAD’s Work on Trade Facilitation Till 2022

The UK has supported UNCTAD’s trade facilitation programme since 2015.

COVID-19 Pandemic Taking Heavy Toll on Tourism Sector, UNCTAD Chief Says

The International Monetary Fund (IMF) created a $50 billion fund through its rapid-disbursing emergency financing facilities for low-income and emerging market countries.

COVID-19 Pandemic is Threatening Grocery Workers, Others’ Health, Livelihoods

The analysis also outlines the drastic measures taken by governments, employers and workers to contain the virus and limit the damage to enterprises, livelihoods and the wider economy.

COVID-19 Crisis ‘Sacks’ 1.6 Billion Informal Workers- ILO

As COVID-19 Pandemic Rages, Businesses in Senegal are Going Online

Other priority steps are establishing full interoperability of e-payment solutions and rolling out a massive sensitisation and a communication campaign on the benefits and risks associated with e-commerce.

Garment Industry Moves to Work with Governments to Tackle Effects of COVID-19

We cannot afford the human and economic devastation of the collapse of our global supply chains and millions more in developing economies thrown back into poverty

Like Oliver Twist, ILO Says G20’s Measures to Safeguard Jobs, Incomes Not Enough

Respecting workers’ fundamental rights and effective dialogue with workers’ and employers’ organisations is the only way to create a solid, equitable, global recovery, and ensure the public support needed to carry the measures through

COVID-19 Crisis: Fairtrade Outlines Why Chocolate Industry Must Support Cocoa Farmers

you will have your own ideas – let’s ensure farmers are part of the decision making.

UNCTAD’s eWeek Promises to Help the World Recover from COVID-19

UN Capital Development Fund will provide an update on its efforts to measure the inclusiveness of a digital economy