Category: Business

Naira Records Fall Against Dollar At Official Market

The naira fell against the dollar for the second consecutive session on Tuesday after the Central Bank of Nigeria sold the green back at its highest level ever on the...

Finance Minister Calls For Extension Of BVN Registration To Microfinance Banks

The Minister of Finance, Mrs. Kemi Adeosun, seek the extension of the Bank Verification Number (BVN) to account holders in Microfinance Banks in order to detect accounts...

Cashew Apples, Nuts Worth N50billion Rot Annually in Kogi – Report

Mr Stephen Ahiaba, Chairman, Kogi Chapter of Cashew Producers Association of Nigeria, on Friday said that about 500,000 tonnes of cashew apples and fruits, worth N50...

Debt Management Office To Issue first Savings Bond

Subscription for the Federal Government of Nigeria Savings Bond (FGNSB) will be made open by the Debt Management Office (DMO) on Monday 13th March, 2017. This according...

Coal Mining Firm Set To Invest $6Billion To Boost Electricity Supply in Nigeria

The Nigerian-based private company, Eta-Zuma Group, is set to invest $6 billion in a coal power plant, aimed at boosting the country’s electricity supply by 1,200MW....

SURE-P and YES Are Not The Same – Bank of Industry

The Bank of Industry (BoI) has affirmed that its Youth Entrepreneurship Support (YES) programme is entirely different from the Subsidy Re-investment and Empowerment...

At Least, 3 Million Nigerians Lost N18bn To MMM – NDIC

The Nigerian Deposit Insurance Corporation (NDIC) has said that at least, three million Nigerians have lost N18bn in the popular Ponzi scheme, Mavrodi Mundial...

Read What Led To Naira Gaining Strength

The Central Bank of Nigeria said the recent appreciation of the Naira against other currencies was the result of its market monitoring and intervention. The acting...

Nigeria To Assemble First Set of Toyota Cars This Year

The Chairman, Toyota Nigeria Limited, Chief Michael Ade-Ojo, has said disclosed that Nigeria will assemble it’s first set of Toyota cars in a couple of months. He...

The Miracle That Salvaged The Crashing Naira at Parallel Market

As the Nira continues to fall, both economist and speculators predicted a further fall to about 600/dollar at the parallel market only for the intervention of the Vice...

Gionee To Launch A1 At Mobile World Congress 2017

Gionee Communication Equipment Co. Ltd, has disclosed that it will launch a brand new smartphone A1, at the Mobile World Congress (MWC). Mobile World Congress is the...

MMM: New guidelines Adopted As Participants applaud Changes

The latest announcement from MMM Nigeria was released on Wednesday, February 22. The message reads: “You constantly reproach us stating we don’t listen to your...

Kogi Assembly Passes N174.8 billion 2017 Budget

Kogi House of Assembly has passed N174.8 billion as the State’s Appropriation Bill for 2017 with a call for the executive to ensure its proper implementation. The...

Recession: Telecoms To Stop Skype, WhatsApp calls

Emerging reports indicates that Telecoms companies in the country plan to block subscribers from accessing Skype and other social media services in order to address...

Recession: FG To Sell 5trillion Asset

The Federal Government is expected to sell $16.4 bn (N 5 trillion at N305 to the dollar ) asset n the next four years to reduce the burden on the public budget. This was...