CATEGORY: NEWS REVIEWS

GE’s $2.2 billion railway business plan has been approved by the FG

Following the Federal Government’s approval of GE’s outline business case for the concessioning of the narrow gauge railway lines...


Why Valentine farms may not get a N2bn CBN loan

Valentine farms, one of the 13 Shongai farms may not be accessing a N2 billion loan from the Central...




CBN to engage in tweet chat today by 5pm

In perhaps what is the first move ever in the world by a central bank to comprehensively address a...


Ntel plans to raise $300 million to fund network expansion

Ntel, a Nigerian fourth-generation telecommunication services operator, is hoping to continue its vision for the company by launching an...


Nigerian Senate Passes Petroleum Industry Bill

The Nigerian Senate has passed the Petroleum Industry and Governance Bill. The senate announced this via its twitter handle...


In defiance, UACN insist on real estate despite mega losses

The Chairman of UACN Property Development Company (UPDC) Plc, Larry Ettah, presented the company’s 2016 financial report at its...


In a rare consensus, CBN, IMF and World Bank all share the same view about Nigeria’s spiraling debt

The economic recession that hit Nigeria last year meant that desperate measures had to be taken in order to...


Development Bank of Nigeria to start lending in August.

Managing Director of the Development Bank of Nigeria (DBN) Mr Tony Okpanachi revealed the bank will give loans with...


FG includes additional loans in 2016-2018 external borrowing plan

The federal government has sought the approval of the National assembly to take additional loans under the 2016-2018 external...


Leventis Motors stops distribution of JCB construction equipment

Mr. Nikolaos Giannousas, general manager Leventis motors says the company will no longer distribute JCB construction equipment in Nigeria....




Low down on Adeosun’s plan to hike interest rates on unpaid taxes

Nairametrics| Individuals who default in paying taxes will face a hike in the interest rates on arrears . Minister...




Kachikwu tells BBC he may step down in 2019 if refineries don’t work

Nairametrics| Minister of state for petroleum, Ibe Kachikwu has promised to step down from his post if Nigeria does...


Why the FG is increasing its stake in the Islamic Development Bank

Nairametrics| Nigeria has decided to reinvest its dividends from the Islamic Development Bank (IDB) for the year 2016. This...



5 takeaways from CBN’s February Banking Report

Nairametrics| The Central Bank of Nigeria (CBN) has released its February report on the banking industry. With not so...


Amcon’s reasons for taking over Wokson International

Nairametrics| The Asset Management Corporation of Nigeria (AMCON) on Friday took over the assets of Woksons International and its...


Banks to now charge N600 (up from N50) as annual ATM card maintenance fee

Recently revised bank charges by the Central Bank of Nigeria will take effect this month. The CBN had earlier...


Real Estate Weekly: Skye Bank gets court order to takeover Intercontinental hotel

This is Nairametrics weekly roundup of major Real Estate News for the week ended May 19, 2017. To get...



FCT hotels fear closure over these 2 tax issues

What is a Bicycle and Cart tax in an...


Alert: Microsoft announces plans to deliver Cloud services from Datacentres in Africa

Microsoft’s new investment will provide highly available, scalable, and secure cloud services across Africa with the option of data...


Medview Airlines says EU ban is not total

Nairametrics In a statement issued yesterday on its twitter handle, Medview airlines says its EU operations are operating as scheduled...



Dangote shuts down tomato factory. Again.

Nairametrics|Barely three months after resumption, Africa’s richest man Aliko Dangote has been forced to close it down again, due...


EU Bans Medview Airlines from flying into Europe

Nairametrics|The European Commission yesterday banned several airlines from flying into European airspace. Several airlines were banned including a Nigerian...