Business and Economy
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New CEO for YUDALA
Yudala, Nigeria’s fastest growing composite e-commerce outfit, has announced the strategic appointment of Mr. Wole Ogundare as Chief Executive…
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Why Ponzi schemes thrive despite risks
Largely unheralded for a long time, Ponzi schemes came to the consciousness of the entire nation in 2016. With the…
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FOREX: CBN approves $100m for sale at SMIS
The Central Bank of Nigeria (CBN) has approved the sale of $100 million at the Wholesale Secondary Market Intervention Sales…
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Minister of Niger Delta faults report on NDDC projects in Akwa Ibom
The Minister of Niger Delta, Mr Usani Uguru Usani, has strongly dissociated himself from media reports suggesting that he holds…
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Nwankwo ‘not scheming to extend tenure as DMO DG’
Director-General of the Debt Management of (DMO), Dr. Abraham Nwankwo, is not scheming to extend his stay at the…
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Naira to appreciate ahead of heavy injection of Forex by CBN ….as forex availability excites manufacturers, other stakeholders
Strong indications emerged over the weekend that the Central Bank of Nigeria (CBN) is set to inject more foreign exchange…
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Niger Delta now an investment destination – NDDC MD
The Managing Director of the Niger Delta Development Commission, NDDC, Mr. Nsima Ekere has stated that the current focus of…
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Business woman docked over production of counterfeit product
A Lagos based businesswoman, Nkiru Kalu who was recently arrested by the National Agency for Food and Drug Administration…
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Dangote Sugar to raise 20% of N106 billion growth fund from market
Dangote Sugar Plc has announced that its proposed N106 billion investment directed towards enhancing local sugar production would be…
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FGN Savings Bond designed to favour the poor – DMO DG
The Director General of Debt Management Office (DMO), Mr Abraham Nwankwo has stated that the new Federal Government of Nigeria…
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CBN’s policy on 41 items remains in place
The Central Bank of Nigeria, CBN, has said that its policy making 41 items ineligible for foreign exchange (forex) through…
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Japan lauds Nigeria’s economic reforms, praise ERGP
Japan has applauded Nigeria’s effort in improving the business environment in the country and lauds the country’s Economic Recovery and…
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FOREX: Dealers fail to subscribe fully to CBN $100m offer
The Central Bank of Nigeria (CBN) says authorized dealers were able to subscribe to $65.94 million out of the $100…
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Nigeria’s debt service to revenue ratio will reduce as revenue improves – Udoma
Budget and National Planning Minister, Senator Udoma Udo Udoma has explained that Nigeria’s debt service/revenue ratio appears high because the…
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Forex: CBN wields big stick …bars erring banks from SME Wholesale Forex window …ban takes effect from May 2, 2017
Following persistent complaints that some deposit money banks (DMBs) have deliberately frustrated efforts by many small and medium enterprises…
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Economy: NGE drums support for CBN policies
The Nigerian Guild of Editors (NGE) has urged Nigerians to support the Central Bank of Nigeria (CBN) in its…
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Paris Club refund and Ugwuanyi‘s passion for workers’ welfare By Louis Amoke
When, at the behest of President Muhammadu Buhari, the Federal Government announced the decision to release about N522.74 billion…
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Central Bank, Intelligence Agencies and cash By Austyn Ogannah
Watchers and followers of American history would readily admit that one of the most enduring scandals of the Ronald Reagan…
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Ambode’s making life worth living worth living for Lagosians – Obasanjo … ICAN Award, crowning moment for my career, says Gov
Former President of Nigeria, Chief Olusegun Obasanjo on Friday evening showered encomiums on the Governor of Lagos State, Mr Akinwunmi…
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Forex: Dealers pick $85.69m out of $100m offered by CBN
The Central Bank of Nigeria (CBN) disclosed on Friday, April 28, 2017, that authorized dealers were only able…
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Sterling Bank refutes sack reports
Contrary to report making the round, Sterling Bank Plc, has said that it did not sack 650 staff but only…
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Why ship owners back Dakuku to lead African Maritime revival
Ship Owners Association of Nigeria (SOAN) has given its support to Dr. Dakuku Peterside, the Director General of the…
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Access Bank posts impressive earnings in First Quarter 2017
Access Bank Plc has reported an impressive first quarter profits raising hopes among investors about the Bank’s determination…
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