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Central Bank disbursed N299 billion loans through these Agricultural schemes in 2018
The Central Bank of Nigeria (CBN) disbursed the sum of N299.16 billion through six (6) Agricultural Schemes in 2018. According to the Central Bank’s annual report…
Nigeria makes World Bank’s list for top-20 “improvers in doing business”
The World Bank Doing Business (DB) team has announced Nigeria as one of the top-20 improvers in doing business out of 190 countries. Dr Jumoke Oduwole, Special…
Calabar Seaport Receives 1st Container Vessel In 13 Years
Thirteen years after its concession, Calabar Port Complex has received its maiden Marguisa Shipping Line’s container vessel. The port has not enjoyed patronage of container liners due to draft limitations on the…
Why Warren Buffet’s $4.6m lunch with Bitcoin entrepreneur is experiencing delay
Year in, Year out, Warren Buffet auctions off a three-hour lunch date tagged The Power Meal. This is an exciting adventure for those who can afford it as they get a chance to…
16,000 people to be repatriated after Thomas Cook collapse
Britain’s Civil Aviation Authority (CAA) said more than 70 flights were scheduled for Thursday to bring back 16,000 people to the country following the collapse of Thomas Cook.…
Irish Authorities And AIB Drawn Into $9.6bn Nigerian Dispute
Irish authorities and AIB are being drawn into a high-profile international legal dispute between Nigeria and a company founded by Irish investors that is claiming $9.6 billion…
We want govt to make it mandatory for companies to fortify rice, says Dangote
Aliko Dangote, the president of the Dangote Group, says his company wants the government to make it mandatory for companies to fortify all rice product consumed in the country. The…
How N300b VAS market crashed to N79b
The Value Added Service VAS segment of the Information and Communications Technology, the ICT industry is one of those that built the sector’s confidence to take over from oil as the mainstay of the economy.The…
Seme Border closure: West African CFA Franc crashes
The West African currency, CFA Franc, has crashed against the Naira to a new record low at the black market trading at 10,000 CFA early Wednesday to N5,850 due to the closure of Nigeria’s land borders.Our…
How So Fresh founder dumped oil money to sell fruits and salads
How “crazy” are you? Crazy enough to quit a job in an oil and gas company to sell fruits and salads? In 2017 when singer, Mr Eazi, disclosed that he resigned from his oil and…
Wedding misery for man named Thomas Cook as travel firm collapses
British man named Thomas Cook said Monday he feared his dream wedding in Greece was ruined after the collapse of the holiday firm with the same name. Cook, 29, is on the island of…
Nigeria breaks negative foreign portfolio flows
For the first time in 12 months, Nigeria has recorded positive foreign investment flow as foreign portfolio investors (FPIs) appeared to be showing renewed interests…
178 years-old Thomas Cook collapses, strands 600,000
Thomas Cook, the world’s oldest travel firm, collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.Chief…
N5trn AMCON Debt: FG May Bar Debtors From Holding Public Office
Tough time awaits Nigerians and corporate bodies involved in the lingering N5 trillion debt to the Assets Management Corporation of Nigeria (AMCON). Apart from pursuing the recovering of the debt through the…
Seplat Petroleum Boss, ABC Orjiako’s Redemptive Moves
No doubt, Dr. Ambrose Bryant Chukwueloka Orjiako, Chairman ofSeplat Petroleum Development Company, is wealthy.He knows the ABC of making money. But tongues wagged over his status recently when news broke that his…
95% Of Bank Customers Not Affected By Deposit, Withdrawal Charges – CBN
The Central Bank of Nigeria (CBN) has clarified that the implementation of charges on cash deposits and withdrawals in the six states where the cashless policy is in…
Fear of Boycott Grips South African Brands
For South African brands doing business in Nigeria, the fear of losing money is the beginning of wisdom. The reaction to the recent xenophobic attacks in South Africa couldn’t have been worse for business, as they…
My Indian friend of 30 years wants to take my companies – Octogenarian
Chief Isaac Oluwole Ogini, a retired federal civil servant, whose companies are on the verge of being taken over by his Indian friend, Mr J. B. Gupta, whom…
7.5%VAT: There’s no option, Nigeria has lowest in the world – Emefiele
Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), says the plan to increase Value Added Tax (VAT) from five percent to 7.5 percent is in the right direction to…
Firm launches new POS machines for the unbank
Click Power Enterprise Limited in partnership with a Chinese firm, SZFP Technology Limited has launched a new Smart and Mini Point of Sales (POS) Terminal that is handy,…
We’re sorry for cashless policy inconvenience but… – CBN
The Central Bank of Nigeria (CBN) has apologised to bank customers for the inconveniences the newly introduced cashless policy will cause. CBN governor Godwin Emefiele rendered the…
Pressure on Saudi billionaires to buy Aramco shares – Reports
Saudi Arabia is mounting pressure on wealthy nationals into taking part in Aramco’s upcoming IPO, The Financial Times and Bloomberg reported, citing sources in the know. The two news platforms…
Nigerians spent over N1.2bn in cinemas between July-August
Nigerians spent over N1.2bn in cinemas between July and August, according to data obtained by the Cinema Exhibitors Association of Nigeria (CEAN). ‘Bling Lagosians’ led the…
How Nigeria spends $1.2bn to import fish annually – Emefiele
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele says about 1.2 billion dollars worth of fish is imported into the country annually. Emefiele disclosed this in Abuja…