Business

The Central Bank of Nigeria (CBN) says the poultry sub-sector is the most commercialised of all Nigeria’s agricultural sub-sectors with a current net worth of N1.6 trillion. Godwin Emefiele, governor of the apex bank,…

The African Export-Import Bank (Afreximbank) says it is providing one billion dollars grant to African countries to support the implementation of the Agreement for the African Continental Free…

The Central Bank of Nigeria (CBN) last month expended over $956 million to defend the nation’s currency, the Naira, at the various segments of the foreign exchange (forex) markets. This is in…

To address the funding challenges of the Small and Medium Enterprises (SMEs) in the country, Fidelity Bank Plc in collaboration with PricewaterhouseCoopers (PwC) is set to kick-start the SME funding connect…

With the signing of the African Continental Free Trade Area (AfCFTA) agreement by President Muhammadu Buhari at the opening of the African Union (AU) Summit yesterday in Miami, Niger, Nigeria has…

On Sunday, July 8 2019, Nigeria’s President, Muhammadu Buhari, signed the African Continental Free Trade Agreement (AfCFTA), joining over 50 countries in ratifying what is considered the largest free trade…

Nigerian automobile firm, Coscharis Motor has revealed that it will now produce two Renault models, Logan and Duster, in Nigeria this month. Coscharis Group had earlier sealed a partnership…

President Muhammad Buhari has finally signed the African Continental Free Trade Area (AfCFTA) agreement. The president signed it at the 12th extraordinary session of the assembly of the union on AfCFTA…

Upon the Central Bank of Nigeria’s announcement of a new lending policy for the commercial banks, stakeholders and analysts in the financial and manufacturing sector have held up the policy to a microscope, examining its…

The Nigerian Stock Exchange (NSE) on Friday postponed the planned cross border secondary listing of 3,758,151,504 ordinary shares of Airtel Africa. The Exchange, in a mail, said that the postponement was…

Construction works on the Lagos rice mill project is nearing completion, moving the state to roll out the produce in its efforts to meet the 20 percent rice demand in the country. The project…

THE Department Of Petroleum Resources (DPR) on Thursday sealed two Liquefied Petroleum Gas (LPG) stations in Lagos safety reasons. The first was Petrocam in Ayobo, Alimosho Local Goverment Area…

In another desperate attempt to increase lending to the real sector, the Central Bank of Nigeria (CBN) came out with guidelines to mandate commercial banks to direct credit to real sectors of the…

STATE-RUN oil firm, the Nigerian National Petroleum Corporation (NNPC) is set to introduce the Incorporated Joint Venture (IJV) model to replace all the Joint Venture exploration and production…

The Central Bank of Nigeria (CBN) has issued a circular mandating commercial banks operating in the country to lend out up to 60% of their customer deposits. The Governor of the apex bank, Godwin…

—Reiterates Commitment to Excellent Service Delivery On Wednesday, July 3, 2019, First City Monument Bank (FCMB) opened a new ultra-modern branch in Ile-Ife, Osun State.  The new branch is located at 3, Akarabata Layout (along…

Barely two years after the Nigerian National Petroleum Corporation (NNPC) signed a Cash-call Repayment Agreement with its Joint Venture partners to defray cash-call arrears within a period of five years,…

International Monetary Fund (IMF) Managing Director Ms. Christine Lagarde resigned from the Fund to head European Central Bank. In a statement, she said: “I am honored to have been nominated…

Central Bank Governor, Godwin Emefiele listed conditions under which the naira could be devalued. He made this disclosure at the African Investor Conference which took place in London. The…

National Bureau of Statistics (NBS) said that Nigeria’s total Capital Importaion in the first Quarter of 2019 rose by 34.6 percent year-on-year to $8.5 billion  The Bureau disclosed this in it’s Capital…

The Nigerian Stock Exchange (NSE) has suspended trading on the shares of Conoil Plc for failing to file its accounts by the expiration of the grace period. In a statement released on Tuesday, Godstime…

From one market in Zamfara to another in Anambra, you would spot him with a computer tablet, pacing from one store to the other attending to petty traders who want to grow their businesses but do not have…

Trying to plan a last-minute trip this summer? Check out some interesting locations you can visit on a budget with lots of exciting activities to add to your itinerary. Zanzibar Zanzibar is famous for…

The Securities and Exchange Commission (SEC) is planning to partner the Federal Inland Revenue Service (FIRS), the Corporate Affairs Commission (CAC), and the Nigerian Stock Exchange (NSE), over …