[Forex Ban] CBN and OPS Point Fingers at Each Other Whilst Dollar Hits N234

At an average of $300 million spent on 41 items on its restriction list from subsidised official foreign exchange window,...

The Chinese Stock Market Is Crashing, Why Nigeria Should Worry

In Mark Twain’s words “History doesnt repeat itself, but it does rhyme”. The Chinese stock market is crashing, and again one can say the Chinese...

CBN May Blink On Forex Restriction List

The Central Bank of Nigeria (CBN) may take another look at the list of the 41 products that it recently...
CBN Gov Godiwn Emefiele

[Eye Service?] Emefiele Says Reserves Are Recovering Because of Buhari

The Central Bank Governor Godwin Emefiele has said that Nigeria's foreign exchange reserves have begun a "gradual recovery" thanks to the central bank's management of...

Dangote Will Expand Its Cement Capacity in Cameroon

Dangote Group plans to expand the capacity of its Douala, Cameroon cement plant from the current 1.5 million metric tonnes...

Bailout: Workers, Others Warn Governors Against Wasteful Spending

Workers from across the country have welcomed the news of the approval by President Muhammadu Buhari of a special bailout...

VW resumes car assembly in Nigeria for first time in 25 years

Who says the new auto policy can’t work? Volkswagen AG resumed building vehicles in Nigeria for the first time in 25 years in a bid...

Mattress Maker Mouka Sells Majority Stake To Abraaj Group

Private equity group Abraaj has bought a majority stake in Mouka, a Nigerian mattress manufacturer, and plans to expand the...

6 reasons why oil has re-entered a bear market

Oil re-entered a bear market on Tuesday extending the previous day’s losses, when Brent crude — the international benchmark — recorded its biggest one-day...

All States Must Submit Loan Details – CBN Directs

The Central Bank of Nigeria has asked state governments to furnish it with the details of their loan obligations latest...

[ANALYSIS] Nigerian economy now faces an even bigger threat

The economy could now be set to face another major headwind – falling aggregate spending by households or consumers in the economy. And this...

Nigeria Records N700b Mobile Money Transactions In 3 Years

Nigeria has recorded a total transaction of ₦700 billion through the mobile money banking system since 2012, Dipo Fatokun, the...

In 2014, NDIC Paid N94.7b To Failed Banks Depositors

The Nigeria Deposit Insurance Corporation (NDIC) financial result for year ended 2014 has shown that it paid N94.74 billion as...

CBN Shifts MPC Meeting To July 23

The July meeting of the Monetary Policy Committee (MPC) earlier scheduled to hold on the 20th and 21st of this...

Citibank Is Ready For Consumer Banking In Nigeria

Citigroup Incorporated has lauded government for its efforts towards addressing impersonation in the country, saying this made the country conductive...

AfDB Will Render Assistance To FERMA

The African Development Bank (AfDB) has said the continental financial institution has a loan scheme to assist member-nations to develop...
Nigerian Bonds

FG Will Sell Bonds Worth N70 Billion

The Debt Management Office (DMO) plans to sell ₦70 billion ($351.85 million) worth of bonds next week, its seventh debt...

Nigeria Takes Critical Legal Steps To Launch As Africa’s Financial Hub

Nigeria has set up critical legal frameworks that would enable the creation of a robust global financial market, and hopefully...

Honda Will Produce In Nigeria, The First In Africa – Chief Executive

Honda's new chief has steered the carmaker away from a policy of targeting aggressive volume growth in an effort to...

Honda Will Start Producing Accord Sedans In Nigeria

Car manufacturers, Honda Motor Corporation says it has started building cars in Nigeria by retooling part of its factory that...

5 Charts that tell Nigeria’s economic woes

...Presented without comments USD/ NGN : 1 year NSE All Share Index: 1 year Brent...

Singaporean Bitcoin Exchange BitX Enters Nigerian Markets

Singaporean Bitcoin Exchange BitX recently expanded its operations to Nigeria, a step that will enable its natives to sell, purchase...

NAFDAC Seals Another, This Time Its A Lagos Mall

A popular Lagos mall that stocks and sells fake wines and spirit was yesterday sealed up by operatives of the...

UBA Introduces Short Code For Verificiation

 The United Bank for Africa (UBA) Plc has introduced a simple, convenient and hassle free process for customers of the...

This Latest CBN Circular Shows How they will Use BVN to Track Your Every...

The CBN has released a new circular (Tuesday) updating banks on their earlier instruction to restrict daily usage of FX usage by individuals abroad....

Shoreline Arrange $2 Billion Bonds To Buy Africa Energy Assets

Shoreline Group, a Nigerian company with interests from oil production to rope-making across six African countries, plans to sell $2...

NERC’s Consumption Cap Will Cut Power Sector’s Annual Income By N12bn:

    A model framework developed by the Nigerian Electricity Regulatory Commission (NERC) to cap revenues accruable to electricity distribution companies...

Only $300 Million Is Left As FG And States Share $1.7Billion From ECA

The Federal Government and the 36 states have agreed to share $1.7billion of the $2billion balance in the Excess Crude...

This Is Why Nigeria Loses N700bn To Tourism Annually

Fresh facts have revealed that Nigeria loses over seven hundred billion naira (N700 billion) to tourism annually due to poor...

To Enhance Its Revenue, FAAN Sets Up Task Force

The Managing Director of the Federal Airports Authority of Nigeria (FAAN) Engr. Saleh Dunoma, has established a special task force...

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ENI

ENI’s MD is furious after being linked to Nigerian fraud case

Claudio Descalzi, the Chief Executive Officer of the embattled Italian energy firm, ENI S.p.A, has instituted legal action against Piero Amara, the company's former legal adviser whose recent testimony allegedly defamed the CEO.
Mr. Biggs restuarants in Nigeria, Mr. Biggs resturant address in Nigeria, Mr. Biggs office, Quick Service Restuarants in Nigeria

46-years after, Mr. Bigg’s is not so big anymore

From the late 1970s to early 2000s, @mrbiggsng was the most sought-after fast food restaurant, but 46 years later, the company is gradually winding up, becoming a fading memory in an era of competition; the fall of this giant will, however, cost Nigerians a lot.
President Muhammadu Buhari, new minimum wage

FG’s new minimum wage implementation does not apply to everyone

President Muhammadu Buhari has ordered the immediate implementation of the N30,000 new minimum wage, but it is not for everyone.