CATEGORY: NEWS REVIEW

Guinea Insurance and Fortis Microfinance bank say late results not their fault

Guinea Insurance and Fortis Microfinance bank say late results not their fault

Two of the 17 companies that were recently suspended by the Nigerian Stock Exchange (NSE) for late submission of results have blamed their primary...


FG to raise $1 million venture capital for the creative Industry

FG to raise $1 million venture capital for the creative Industry

At the two-day creative industry financing conference in Lagos on Monday; the Minister of Information and Culture, Lai Mohammed, disclosed that the federal government...


ChapelHill Denham launches first series N200 billion Nigeria infrastructure debt fund

ChapelHill Denham launches first series N200 billion Nigeria infrastructure debt fund

ChapelHill Denham yesterday launched the first series of its N200 billion Nigeria Infrastructure Debt Fund (NIDF). The fund is reputed as the first-ever listed...



FG, NDDC to create more jobs in Niger Delta through agriculture

FG, NDDC to create more jobs in Niger Delta through agriculture

The federal government recently reiterated its plan to create more opportunities for youth in the Niger Delta through resuscitating the abandoned rice mill in...


Official: Debt service was 44% of FG revenue for May 2017

Official: Debt service was 44% of FG revenue for May 2017

In the recently published May 2017 Central Bank Monthly report, Nigeria earned a total revenue of about N185.6 billion the lowest monthly collection since...


AMCON CEO, Kuru, admits failure to recover debts and meet its obligations to CBN

AMCON CEO, Kuru, admits failure to recover debts and meet its obligations to CBN

The Managing Director and Chief Executive Officer of AMCON, Ahmed Kuru has admitted that the corporation which he heads has failed in its recent...


ICE3X exchange introduces Naira-Ethereum  Trading

ICE3X exchange introduces Naira-Ethereum Trading

ICE3X, a cryptocurrency exchange based in South Africa has announced direct Naira Ethereum trading. This means customers will no longer have to convert their...


Inflation rate declines in 5th consecutive month to 16.10%

Inflation rate declines in 5th consecutive month to 16.10%

Nigeria’s inflation rate rose by 16.1% for the month of June 2017 compared to 16.5% in the month of May 2017. This is the...


U-Turn: Nigeria will keep on borrowing – Adeosun

U-Turn: Nigeria will keep on borrowing – Adeosun

In what seems to be a conflicting statement, the Minister of Finance, Mrs Kemi Adeosun remarked that Nigeria would continue on its borrowing spree....


Another N600 million CBN grant on its way to farmers for rice and tomato production

Another N600 million CBN grant on its way to farmers for rice and tomato production

Farmers in Gombe state now have cause to cheer as the Central Bank of Nigeria (CBN) yesterday said it will disburse the sum of...


Revealed: The signed 2017 budget is being altered

Revealed: The signed 2017 budget is being altered

The 2017 Federal Budget, which has been signed by the Acting President, Professor Yemi Osinbajo is currently being altered by officials in the Presidency....


Oando berates media for reporting that it is under investigation by SEC; Channels pull down story

Oando berates media for reporting that it is under investigation by SEC; Channels pull down story

In an uncanny press release issued on the website of the Nigerian Stock Exchange, Oando Plc berated media houses for reporting that it is...


Nigeria to license drones under “new regulations” governing unmanned aircraft

Nigeria to license drones under “new regulations” governing unmanned aircraft

The Director General of the Nigerian Civil Aviation Authority, Dele Sasegbon, told reporters in Abuja on Thursday, that Nigeria plans to license drones for...


SEC is investigating Oando over ConocoPhillips

SEC is investigating Oando over ConocoPhillips

Foreign investors in upstream producer Oando Plc have sent a petition to the Securities and Exchange Commission (SEC) regarding their concerns over Oando’s financial...


All the major economic news from Nigeria in 5 minutes – 14/7/2017

Summary of the top business, economic and political news in Nigeria today.   The Commissioner of Finance, Economic Planning and Budget, Hon. Akinyemi Ashade,...


CBN has revealed how much Nigerians lost from MMM

CBN has revealed how much Nigerians lost from MMM

The cost of...


Don’t blame government for the flood as only 3% of Lagos residents pay tax, says Ambode

Don’t blame government for the flood as only 3% of Lagos residents pay tax, says Ambode

Ambode claps...


Truecaller has blamed Telcos for making Nigeria 9th most spammed country in the world

Truecaller has blamed Telcos for making Nigeria 9th most spammed country in the world

Truecaller, an app that helps GSM users identifying callers that are not in their phone book has revealed the countries where we have the...


All the major economic news from Nigeria in 5 minutes – 13/7/2017

All the major economic news from Nigeria in 5 minutes – 13/7/2017

Summary of the top business, economic and political nes in Nigeria today.   The Nigerian Content Development and Monitoring Board has said it is...


Nigeria to stop the importation of rice by the end of the year

Nigeria to stop the importation of rice by the end of the year

    Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, has announced that Nigeria will stop the Importation of rice by December...


Nigerian Banks raise dollar limit on Naira debit cards

Nigerian Banks raise dollar limit on Naira debit cards

Nigerians, who execute frequent dollar transactions, now have cause to smile as commercial banks in the country have raised dollar limits on Naira cards. Here...


All the major economic news from Nigeria in 5 minutes – 12/7/2017

All the major economic news from Nigeria in 5 minutes – 12/7/2017

Summary of the top business, economic and political news in Nigeria today.   The Federal Government on Tuesday, disclosed that the current  economic recession  will end in...


All the major economic news from Nigeria in 5 minutes – 11/7/2017

All the major economic news from Nigeria in 5 minutes – 11/7/2017

Summary of the top business, economic and political news in Nigeria today.   Nigeria’s gross domestic product (GDP) is projected to hit $595 billion...


Adeosun admits, “We cannot borrow anymore”

Adeosun admits, “We cannot borrow anymore”

The Minister of Finance, Kemi Adeosun has set alarm bells off after she remarked that Nigeria will no longer borrow to fund the budget, indicating...


All the major economic news from Nigeria in 5 minutes – 10/7/2017

All the major economic news from Nigeria in 5 minutes – 10/7/2017

Summary of the top business, economic and political news in Nigeria today.   . The Federal Government has engaged an asset recovery firm to track...


Local car ‘manufacturers’ have now explained why made in Nigeria vehicles are not selling

Local car ‘manufacturers’ have now explained why made in Nigeria vehicles are not selling

Automobile companies in Nigeria in the last one year have recorded low sales of Made-in-Nigeria cars as vehicle imports continue to dominate sales despite...


Donald Trump donates $128 million to Nigeria

Donald Trump donates $128 million to Nigeria

The US President, Mr Donald Trump has promised $639 million in aid to “feed people left starving because of drought and conflict” in Somalia,...


All the major economic news from Nigeria in 5 minutes – 7/7/2017

All the major economic news from Nigeria in 5 minutes – 7/7/2017

Summary of the top business, economic and political news in Nigeria today.   The Minister of Budget and National Planning, Udoma Udo Udoma, has...


All the major economic news from Nigeria in 5 minutes – 6/7/2017

All the major economic news from Nigeria in 5 minutes – 6/7/2017

Summary of the top business, economic and political news in Nigeria today.   Electricity supply, yesterday, dropped to 3,628 megawatts, mw from 3,808mw on...


MPC Member compares Nigeria to Zimbabwe as FG borrowing from CBN tops N6.5 trillion

MPC Member compares Nigeria to Zimbabwe as FG borrowing from CBN tops N6.5 trillion

Balami Dahiru Hassan, a member of the revered Central Bank Monetary Policy has expressed concerns over the excessive borrowing by the Federal Government. His...