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Business and Economy

Heritage Bank partners Workforce Group to promote impactful leadership

   Heritage Bank Plc, Nigeria’s most innovative banking service provider, has partnered Workforce Group in a bid to enhance impactful leadership that will contribute to the financial performance of any organisation. Speaking at a Learning & Development Leaders Conference organised by Workforce Group in Lagos, Monday, Mrs. Tochi Onuoha, Head, …

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Nigerdock drives to deepen Nigeria – UK relations; attract more investments

  The new British Deputy High Commissioner for Lagos, Laure Beaufils, visited Snake Island Integrated Free Zone (SIIFZ) to see first-hand the significant potential to further strengthen the bilateral relationship between the United Kingdom and Nigeria, by enabling UK businesses to partner with Jagal Energy and Nigerdock and to promote …

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“Vacate Enugu state now,” Assembly orders Electricity Distribution Company; Protesters storm Assembly against EEDC

From: Madu Ezenoha , Enugu Enugu state House of Assembly has passed a motion ordering Enugu Electricity Distributon Company (EEDC) to vacate the state, describing the firm as “a criminal enterprise”. The development came Friday following a motion sponsored by Hon. Christian Chinedu Nwamba,  member representing Nsukka East state constituency …

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Union Bank tutors over 3000 students on financial literacy

   Executives of Union Bank, one of Nigeria’s most-respected financial institutions celebrated Financial Literacy Day on March 30, 2017 by teaching students across Nigeria about the merits of saving. The CEO, Emeka Emuwa; Executive Director, Commercial Banking; Emeka Okonkwo, Head, Group Corporate Strategy, Lola Cardoso, Head of Human Resources, Miyen …

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Baryte miners, processors urged to scale up process …..as Minister urges oil companies to patronize local market

The Minister of Mines and Steel Development, Dr. Kayode Fayemi, has called on miners and processors of baryte in the country to process their products to the required standard that would attract patronage from the Oil and Gas companies operating in the country. Dr. Fayemi, along with the Minister of  …

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Forex: Dealers subscribe fully to CBN’s $150m wholesale offer …CBN sells $10,000 to BDCs …CBN to meet forex requests of Airlines, manufacturing, agric, petroleum sectors

  Authorised foreign exchange dealers have fully subscribed to the $150 million offered by the Central Bank of Nigeria (CBN) at the forex auction in the interbank wholesale window on Tuesday, April 4, 2017. The CBN also on Tuesday, April 4, 2017, fulfilled its commitment to sell $10,000 to Bureaux …

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CBN boosts forex supply by $240m …$150m for wholesale auction …$90m for BTA, PTA, medicals, etc. …Adjusts $10,000 BDC sale to Tuesdays only …Directs banks to pay cash to desiring customers OTC

  The Central Bank of Nigeria (CBN) on Monday, April 3, 2017, released the sum of $90 million to meet requests for invisibles such as BTA/PTA, medical and school fees. The Bank, also on the same day, offered a total of $150 million to authorized FOREX dealers in the interbank wholesale auction window. The …

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NIMASA calls for urgent removal of abandoned ships, wrecks … Warns erring owners risk sanctions.

In a bid to ensure safe and secure shipping on the Nigerian territorial waters, the Nigerian Maritime Administration and Safety Agency (NIMASA) has warned all owners of abandoned Ships/Vessels to urgently remove same from the Nigerian territorial waters on or before 28th of April 2017 or risk sanctions ranging from …

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‘There’s adequate Forex for PTA, BTA, tuition, medical fees,’ CBN insists; Releases phone line, email address for complaints

  The Central Bank of Nigeria, CBN, has described as “totally untrue” claims that there is insufficient foreign exchange in banks for customers who want such for PTA, BTA, tuition and medical fees, stressing that “All banks have more than enough stock of forex in their possession for the purpose …

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Ugwuanyi laments FG’s abandonment of Enugu Trade Fair Complex; Puts smiles on face of pure water seller

  From; Madu Ezenoha, Enugu Enugu state Governor Rt. Hon. Ifeanyi Ugwuanyi at the weekend expressed displeasure over the federal government’s neglect of the permanent site of Enugu International Trade Fair complex, noting that other regional trade fair complexes like Lagos and Kaduna had since been fixed by the federal …

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