Business and Economy
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Konga, Samsung partner to deepen genuine products availability in Nigeria
Konga, Nigeria’s leading e-commerce giant, has inked a deal with global Original Equipment Manufacturer (OEM) Samsung, to expand access to…
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COVID-19: Economists applaud CBN’s policy measures
By Lydia Ngwakwe Lagos, March 17, 2020 Some economists on Tuesday commended the Central Bank of Nigeria (CBN) for coming…
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FG issues N968.092 bn promissory notes so far – DMO
By Folasade Akpan Abuja, March 16, 2020 The Debt Management Office (DMO), said as at Feb. 29, the Federal Government…
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$5bn Abacha loot: ‘We have no record of its spending,’ Nigerian govt tells SERAP
The Federal Government has told Socio-Economic Rights and Accountability Project (SERAP) that it “has no records of the exact amount…
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Market fundamentals do not support Naira devaluation now; Speculators may be charged with economic sabotage
The Central Bank of Nigeria, CBN, has denied rumours that it has devalued the Naira, warning that it is in…
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Air Peace launches mobile App to boost customers’ experience
By Yunus Yusuf Lagos, March 12, 2020 Air Peace has launched a new mobile App to ease flight bookings and…
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Senate mulls 10 years jail term for generating sets importers, sellers
By Kingsley Okoye Abuja, March 11, 2020 Importers and sellers of electricity generating sets in Nigeria may be in for…
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Bashir Jamoh takes over as NIMASA DG · Says Maritime can grow Nigeria’s economy; Offodile is ED Finance & Admin
The newly appointed Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Yusuf Jamoh, has resumed duty…
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NDDC: Over N3.7b recovered from contractors, Directors – Buhari says as Advisory Committee is inaugurated
President Muhammadu Buhari Tuesday in Abuja said law enforcement agencies have recovered over N3.7billion as well as various assets worth…
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Okonjo-Iweala’s appointment as South African Economic Adviser well deserved — Obi •Recalls her efforts to save Nigeria
Vice Presidential Candidate of the Peoples Democratic Party (PDP) in the 2019 general elections, Mr. Peter Obi, has described as…
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UNGA President advocates strict financial transparency in developing countries
By Harrison Arubu United Nations, March 6, 2020 (NAN) President of the UN General Assembly (PGA), Amb. Tijani Muhammad-Bande, has…
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African Finance Ministers, Central Bank Gov to parley at Agric Confab
ABUJA Ministers of Finance and Governors of Central Banks in Africa will converge on Transcorp Hotel, Abuja from Monday, March…
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2019: Union Bank Nigeria declares first dividend after over 10yrs
By Chinyere Joel-Nwokeoma Lagos, March 5, 2020 Union Bank of Nigeria (UBN) Plc has declared a dividend to its shareholders…
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Zenith Bank retains Nigeria’s Most Valuable Banking Brand position
Zenith Bank Plc, Nigeria’s leading financial institution, has again emerged as the Most Valuable Banking Brand in Nigeria in the…
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Dangote donate N200m to fight Coronavirus in Nigeria
LAGOS, Nigeria, March 3, 2020 The Aliko Dangote Foundation (ADF) yesterday pledged a whooping sum of N200million to support current…
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Aiteo’s OML 29 suit: Court declines application to stay hearing
A Federal High Court sitting in Yenagoa on Friday declined to halt proceedings in the ongoing litigation by Nembe Communities,…
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Obiora assumes duty as new Central Bank of Nigeria Deputy Governor
ABUJA Dr. Kingsley Isitua Obiora has formally assumed office as Deputy Governor of the Central Bank of Nigeria (CBN), replacing…
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U.S. based Nigerian group pledges $4bn investments to resuscitate Nigerian economy
By Sumaila Ogbaje Abuja, March 2, 2020 The Nigerian American Business Forum (NABF), a group of U.S-Based accomplished Nigerian professionals,…
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New York state records 1st Covid-19 as U.S. confirms 2nd death
Washington, March 2, 2020 Officials on Monday reported the second death in the United States from the Covid-19 disease, at…
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#NigeriaOnTheMove: A $2 billion boost from the World Bank By Denise Williams
The World Bank produced a report after a diagnostics to access the overall gaps in Nigeria’s economic framework in tech.…
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Nigeria records first case of COVID-19
By Cecilia Ologunagba Abuja, Feb. 28, 2020 The Federal Government has confirmed recording the first case of the new…
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Dangote Cement pays N16 per share dividend; records growth in Pan African
Dangote Cement Plc investment across Africa is bearing the desired results as Pan-African sales volume grew in the year 2019,…
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Oil workers bemoan nonpayment of terminal benefits 10 years after sack by ExxonMobil
Some 70 members of Petroleum and Natural Gas Senior Staff Association (PENGASSAN) on Monday lamented the nonpayment of their severance…
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Dangote boosts south East economy with N63billion investment in Anambra Motor Manufacturing Company (ANAMMCO)
LAGOS, Nigeria, February 25, 2020 Dangote Group (www.Dangote.com) has in the last five years invested over N63bn in the South…
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CBN clarifies operation of Domiciliary Accounts
The Central Bank of Nigeria (CBN) has formally clarified issues surrounding the operations of domiciliary accounts in Nigeria. Making the…
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