ABCON tasks CBN on upward review of foreign exchange sales
COMFORT EKELEME Association of Bureau De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to review upward foreign exchange sales margins to N10.00 to enable them cover...
View ArticleHeritage Bank, DSTV present N25m, SUV grand prize to BB Naija winner
COMFORT EKELEME Heritage Bank Plc, one of the proud sponsors of Big Brother Naija Season-2 reality TV show and MultiChoice Nigeria, owners of DSTV has presented the 2017 winner, Efe Ejeba grand prize...
View ArticleForex: CBN opens special window for SMEs
Central Bank of Nigeria (CBN) has opened a special Forex window for Small and Medium Enterprises (SMEs) to enable SMEs import eligible finished and semi-finished items not exceeding $20,000 for an...
View ArticleDiamond bank boss urges European investors to focus on Africa
COMFORT EKELEME The Chief Executive Officer of Diamond Bank Plc, Uzoma Dozie, has urged European entrepreneurs and investors to step-up their investment stakes in Africa, noting that the fundamentals...
View ArticleNigeria-China partnership on infrastructural devt, boost for domestic tourism...
The Minister of Information and Culture, Alhaji Lai Mohammed, has described the partnership between Nigeria and China in the area of infrastructural development as a catalyst for domestic tourism in...
View Article2016: Dangote Flour Mills returns to profitability, posts N12bn profit
Dangote Flour Mills has posted a profit before tax of N11.82 billion for its financial year ended December 31, 2016. According to the results released on the floor of the Nigerian Stock Exchange (NSE),...
View ArticleNigeria to boost production through tax breaks, export incentives – Minister
UGO AMADI, Assistant Business Editor A key trade facilitation agreement (TFA) signed by Nigeria and more than 100 other nations with the World Trade Organisation is expected to provide the country’s...
View ArticleDangote Flour divests from Noodles, cedes assets to Dufil
As part of its regular business portfolio review, Dangote Flour Mills (DFM), has exited its noodles business as it does not consider it strategic. The company has sold the assets of Dangote Noodles to...
View ArticleTask Force on implementation of failed Banks Act to re-arrest absconded...
COMFORT EKELEME The Task Force on the implementation of the Failed Bank Act has given notice to re-arrest for prosecution, directors and officers of licensed banks who had committed banking...
View ArticleEcobank Group sustains resilience in 2016, makes full loans provision
COMFORT EKELEME Ecobank Transnational Incorporate (ETI) has taken a decision to completely clean its books of non-performing risk assets in its legacy loan portfolio, and has made a provision of N221.7...
View ArticleCBN introduces Form X for SMEs
COMFORT EKELEME As part of its determination to increase foreign exchange liquidity and improve retail business, the Central Bank of Nigeria (CBN) has introduced the use of FORM X for the Small and...
View ArticleEcobank Group sustains resilience in 2016, makes full loans provision
COMFORT EKELEME Ecobank Transnational Incorporate (ETI) has taken a decision to completely clean its books of non-performing risk assets in its legacy loan portfolio, and has made a provision of N221.7...
View ArticleWorld Bank to support Nigeria’s agricultural sector with $200 million
The World Bank is set to inject $200 million into Nigeria’s agricultural sector, PREMIUM TIMES has gathered.Adetunji Oredipe, World Bank’s Fadama Team Leader, who disclosed this on Wednesday, said the...
View ArticleCBN hands over TechU buildings to Oyo govt.
The Central bank of Nigeria (CBN) has handed over a Central Library, Blocks of Lecture and Administrative buildings to the Oyo State Government as part of its intervention towards the education sector...
View ArticleCashless Policy: CBN suspends charges on large withdrawals
The Central Bank of Nigeria, has directed Deposit Money Banks to suspend charges on over-the-counter or ATM withdrawals of above N500,000 or deposit of same amount.The apex bank’s Director, Banking and...
View ArticleHeritage Bank gives BB Naija 5 top finalists investment support
In its continual commitment to boost the Small Medium Enterprise (SME) sector, Heritage Bank Plc has rewarded the five top finalists with financial investment support to enhance their entrepreneur...
View ArticleWhy re-opening of Mosimi depot excites NUPENG
UFOMBA UZUEGBU, Asst News Editor Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has expressed delight over the re-opening of Mosimi Depot by the Nigeria National Petroleum Corporation...
View ArticleBPE DG restates commitment pledges better services delivery
UFOMBA UZUEGBU, Asst. News Editor Director- General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, has restated the agency’s commitment to ensuring that privatized enterprises in the...
View ArticleEntrepreneurs will create jobs, not civil service – Edo Govt
EBOJELE AKHERE PATRICK, Benin The Government of Edo State has rectified what it described as the “wrong perception by the public of the nature of the 200,000 jobs” to be created by the Governor Godwin...
View ArticleLagos committed to debt obligations, redeemed N57.5 billion bond
The Lagos State Government has redeemed its N57.5 Billion Bond in line with its avowed commitment to continue to pay and service its debt obligations as and when due. The bond which matured on the 19th...
View Article