CBN to borrow N1.07tn via treasury bills in Q2:
The Central Bank of Nigeria is planning to borrow N1.07tn via treasury bills issuance in the second quarter of 2016.
Senate, House disagree on NNPC restructuring:
The two chambers of the National Assembly have disagreed with the Minister of State for Petroleum Resources, Ibe Kachikwu, over the restructuring of the Nigerian National Petroleum Corporation.
Seven great reasons to buy vacant land:
Investing in real estate can be done in different ways. There is the aspect of buying vacant land and then developing it. There is the aspect of buying an already developed property and using it as it is or with very little renovation. In addition, there are opportunities in the areas of buying dilapidated properties that are then demolished completely.
High Exchange Rate Threatens Future of Domestic Airlines:
Nigerian airlines are now spending more money on aircraft maintenance and purchase of aircraft spare parts as checks by THISDAY revealed that the cost of maintenance has risen by over 35percent in recent times due to the high exchange rate.
PETAN, LADOL collaborate against falling crude oil prices:
Petroleum Technology Association of Nigeria (PETAN) and the Lagos Deep Offshore Logistics Base (LADOL) have expressed confidence that the declining crude oil prices pose great opportunities for patronage of indigenous companies.
Two telecoms firms seal multi-billion dollar deal to boost telecoms infrastructure:
In a landmark achievement in the country’s mobile telecommunications industry, two infrastructure providers and competitors, IHS Holding Limited and Helios Towers Nigeria (HTN) Limited have agreed to merge their operations and form one company.
N1.4 tr fine: MTN proposes N300b settlement deal:
The Senate Committee on Communications yesterday took exception to the way and manner the out-of-court settlement arrangement between the Federal Government and MTN is being conducted regarding the N1.04 trillion fine imposed on MTN.
‘Nigeria’s spirits market worth $2b’:
Nigeria’s spirits market is worth $2 billion and it is increasing at six per cent average yearly, a report by the Global Agricultural Information Network (GAIN) has said.
PZ Wilmar spends N20m on promo:
PZ Wilmar, producers of Mamador cooking oil has spent over N20 million including three brand new Hyundai Accent cars to appreciate customers in its ‘Mamador cook and cruise promo.’
CBN officials suspended over multi-million dollar fraud:
The Federal Government has placed some very senior officials of the Central Bank of Nigeria (CBN) on suspension for fraud running into hundreds of millions of dollars.