Posted in NAIJA BIZ

This is why FG no longer wants to bear cost on TSA

The Accountant-General of the Federation, Ahmed Idris has disclosed that the Federal Government has within a period of two years incurred a total of N16 billion…

Continue Reading...
Posted in NAIJA BIZ

U.S raises alarm over $1.3 billion investment in Nigeria

United States High Commission Consul-General, F. John Bray has raised an alarm over threat to American businesses in Nigeria worth $1.3 billion. The Consul-General who was…

Continue Reading...
Posted in NAIJA BIZ

Airtel Africa moves closer to London Listing

Airtel Africa has named an eight-member board ahead of its planned Listing in London next year June. The member includes Sunil Bharti Mittal, Raghunath Mandava, Akhil…

Continue Reading...
Posted in NAIJA BIZ

World Bank seeks refund of $611 million loan from Nigeria

The World Bank’s Task Team Leader, in charge of Better Education Service Delivery for All (BESDA), Hajiya Aisha Garba has threatened to withdraw its $611 million loan granted…

Continue Reading...
Posted in NAIJA BIZ

International Breweries may be muscling the ‘Big Two’

As consumers across the world switch their consumption of beers to spirits, brewers are feeling the pinch. AB Inbev, one of the world’s largest brewers saw a decline…

Continue Reading...
Posted in NAIJA BIZ

CBN lists 34 Primary Mortgage Banks

No fewer than 34 Primary Mortgage Banks (PMB) have been licensed by the Central Bank of Nigeria (CBN) to operate in the country. While 50…

Continue Reading...
Posted in NAIJA BIZ

PRC no longer required for clearing cargoes -SON

The Director-General, Standards Organisation of Nigeria (SON), Osita Aboloma has announced the parastatal’s decision to remove its Product Registration Certificate (PRC) required for clearing cargoes at the…

Continue Reading...
Posted in NAIJA BIZ

Ghana envoy summoned over Nigerian-Ghanaian traders crisis

Following the closure of over 400 Nigerian businesses in Ghana, the President Muhammadu Buhari-led administration has summoned Ghanaian High Commissioner to Nigeria, Rashid Bawa. The crisis had…

Continue Reading...
Posted in NAIJA BIZ

Could these be the 3 illiquid banks flagged by CBN ?

The Central Bank of Nigeria (CBN) had this week released its economic report for the half year ended June 2018. In a section, the apex bank had stated…

Continue Reading...
Posted in NAIJA BIZ

Two global banks close offices in Nigeria as foreign investment falls

Global banking giants, HSBC Bank and UBS Group have shut their offices in Nigeria. In a report released by the CBN, foreign Investment into the…

Continue Reading...
Posted in NAIJA BIZ

AFC to ink $100 million investment deal in Nigeria’s mining sector

The Senior Vice President of Africa Finance Corporation, Investments, Begna Gebreyes has announced that the financial agency is about to ink a $100 million (N36.5…

Continue Reading...
Posted in NAIJA BIZ

How Nigeria’s PMI keeps growing for 19 consecutive months

The Central Bank of Nigeria (CBN) said the country’s Purchasing Managers’ Index (PMI) continued to grow for the nineteenth consecutive month in October, now standing at…

Continue Reading...
Posted in NAIJA BIZ

NSE lifts suspension on Unity Bank

The Nigerian Stock Exchange (NSE) has lifted suspension in the trading of Unity Bank’s shares. This follows the bank’s release of its results for the full…

Continue Reading...
Posted in NAIJA BIZ

CBN places PSBs on minimum capital requirement of N5 billion

The Central Bank of Nigeria (CBN), has placed a N5 billion minimum capital requirement for Payment Service Banks (PSB) to operate in Nigeria. The apex bank…

Continue Reading...
Posted in NAIJA BIZ

Meet Haleemat Busari, First Bank Director who’s Jimi Agbaje’s running mate

First Bank, Sierra Leone serving Director, Haleemat Busari has been announced as a preferred candidate to run alongside Lagos State governorship aspirant, Jimi Agbaje. In a statement…

Continue Reading...
Posted in NAIJA BIZ

CBN waves red flag at three commercial banks

The Central Bank of Nigeria (CBN), in its economic report for the half year ended June 2018sounded a note of caution concerning three financial institutions in…

Continue Reading...
Posted in NAIJA BIZ

Atikunomics explains how Nigeria’s fuel price can be reasonably reduced

Ahead of Nigeria’s 2019 general elections, the presidential candidate of the People’s Democratic Party (PDP), Alhaji Atiku Abubakar, has intensified his electioneering campaign, this time…

Continue Reading...
Posted in NAIJA BIZ

Ahead of 2019 elections, NNPC signs fuel supply deal with British Petroleum

The Nigerian National Petroleum Corporation (NNPC) has announced the signing of a crude for product deal with the British Petroleum (BP) for the next six…

Continue Reading...
Posted in NAIJA BIZ Uncategorized

Why Kogi State shut down facilities belonging to Airtel, MTN, and Forte Oil

Facilities belonging to the Bank of Agriculture (BoA), Forte Oil, Airtel, and MTN Nigeria were yesterday shut down by the Kogi State Internal Revenue Service as a…

Continue Reading...
Posted in NAIJA BIZ Uncategorized

OPEC recorded its highest output in two years last month

It appears the Organisation of Petroleum Exporting Countries (OPEC) finally succumbed to pressure to increase oil output, as available facts show that its members, last month,…

Continue Reading...