Nigeria out of recession in June – Emefiele
…FG, states, LGs share N467.8bn ADEKUNLE ADESUJI and PAULETTE ORJIME, Abuja Governor of the Central Bank of Nigeria (CBN) ,Godwin Emefiele on Tuesday stated that Nigeria will be completely out of the...
View ArticleKudi Capital Management launches online lending platform
Kudi Capital Management Ltd on Wednesday publicly launched Kudimoney.com, a fully licensed online lending platform offering unsecured personal loans to consumers in Nigeria. At kudimoney.com,...
View ArticleRevitalization of ALSCON crucial to FG’s diversification plan- Fayemi
FAVOUR SHUAIB , Abuja The Minister of Mines and Steel Development, Dr Kayode Fayemi has said that the revitalisation of the Aluminium Smelting Company of Nigeria (ALSCON) in Ikot-Abasi, Akwa Ibom State...
View ArticleAnchor Borrower: Agric improvement impacting on food prices -CBN
COMFORT EKELEME The Central Bank of Nigeria (CBN) on Thursday said it has significantly eased off the problem of manufactures and Small and Medium Scale Enterprises (SMEs) in the forex market. This is...
View ArticleShip owners back Peterside to lead African maritime revival
Ship Owners Association of Nigeria (SOAN) has given its support to Dr. Dakuku Peterside, the Director General of the Nigerian Maritime Administration and safety Agency (NIMASA) to lead African...
View ArticleWorkers restive over minimum wage – TUC
The Trade Union Congress (TUC) has warned that workers were running out of patience with the Federal Government over delay in negotiation of a new minimum wage. Nigeria’s current minimum wage is...
View ArticleALSCON: Nigerian Minister Fayemi ‘ignores’ Supreme Court rulings on...
This week’s pledge by the Minister of Mines & Steel Development, Kayode Fayemi, to work with a Russian firm to reactivate the Aluminium Smelting Company of Nigeria, ALSCON, in Ikot-Abasi, is in...
View ArticleNigeria’s economic recession consequence of failed leadership –Prof Utomi
A political economist, Professor Pat Utomi has blamed Nigeria’s current economic woes on failed knowledgeable leadership by past and current political leaders at all levels. He stated this during a...
View ArticleNSE RoundUp! Nigerian equities haul N197bn in Q1 earnings rally
Nigerian equities surged ahead of most global equities in the immediate past week as considerably impressive first quarter earnings by quoted companies quickened investors’ appetite for corporate...
View ArticleVenezuela workers get 60% pay rise
Venezuela’s President Nicolas Maduro has ordered a 60 per cent increase in the country’s minimum wage, effective from Monday. Including food subsidies, the worst-paid workers will now take home about...
View ArticleSokoto: NLC demands N25, 000 minimum pension
The Nigeria Labour Congress (NLC), has demanded a review of pension to a minimum of N25,000, per month, in Sokoto State, as against the four thousand naira being paid for the past twelve years. The...
View ArticlePhasing out danfo buses will create more jobs than losses -Ambode …Promises...
Lagos State Governor, Mr. Akinwunmi Ambode on Monday allayed fears that plans by his administration to phase out the yellow commercial buses, popularly known as Danfo would lead to massive job losses,...
View ArticleMining: Ministry holds training workshop for journalists
The Federal Ministry of Mines and Steel Development, in collaboration with Open Society Initiative for West Africa (OSIWA), will be holding a three-day capacity building workshop for journalists...
View ArticleShareholders commend FCMB’s performance in 2016 ….Approve dividend
COMFORT EKELEME Shareholders of FCMB Group Plc have applauded the financial bank for its resilience, dynamism and enhanced performance recorded in 2016 financial year despite the challenging operating...
View ArticleDangote Sugar’s revenue hits N59.53bn in Q1 2017
COMFORT EKELEME Dangote Sugar Refinery Plc said its revenue grew by 88 per cent to N59.53 billion in the first quarter of 2017 as against the N32.6 billion recorded in same period in 2016. The company...
View ArticleNigeria aims for more flexible system of forex allocation – Osinbajo
COMFORT EKELEME Nigeria aims to end its use of a list of 41 import items for which local firms cannot get hard currency from the central bank and instead focus on trade policy-driven curbs on access to...
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The Lagos State government has saved N2.4 billion with the stoppage of annual sponsorship of pilgrims to Jerusalem and Mecca, even as the 2016 pilgrimages conducted by the State were adjudged the best...
View ArticleMyStocKIT: Heritage Bank launches MSME app for ease of doing business
To ensure swift expansion of the Micro Small Medium Enterprises (MSMEs) market segment, Heritage Bank has introduced ‘MyStocKIT’, an android hand-held solution that enables clients to track stock...
View ArticleCBN bars erring banks from SME wholesale forex window
COMFORT EKELEME Following persistent complaints that some Deposit Money Banks (DMBs) have deliberately frustrated efforts by many Small and Medium Enterprises (SMEs) to access forex from the new window...
View ArticleMTN records higher Q1 revenue
MTN Group reported a 7.1 per cent rise in first-quarter group revenue helped by a strong performance in data services, the mobile phone operator said on Wednesday. MTN said in Johannesburg that data...
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