TSA, forex fuelled sudden undercapitalization of 7 big banks—Report
Dubai-based research driven International Investment bank, Arqaam Capital, has indicated that seven Nigerian banks are undercapitalised to the tune of N1tn ($3.2bn). This is as analysts have fingered the implementation of Treasury Single Account (TSA) as the major culprit for…
Price of Rice to fall next month — Ogbeh
Indications have emerged that going by the quantum of private sector and states governments’ investments in rice farming; next harvesting season of rice which is November will see huge harvest and possible saturation of the market. States where rice is…
ADVAN moves to strengthen growth of SMEs in Nigeria
Advertisers Association of Nigeria (ADVAN) is poised to scale up its goal of growing Small and Medium-Sized Enterprises (SMEs) in Nigeria with the introduction and expansion of some categories of this year’s ADVAN marketing excellence awards. President of the group,…
NASS commends MTN on 4G LTE introduction
President of the Senate and former Governor of Kwara State, Dr. Bukola Saraki has commended MTN Nigeria for investing in the 4G Long Term Evolution. He said the recent launch of the technology will among other things give impetus to…
CBN may revisit forex policy to stimulate real sector again—Emefiele
Indication emerged yesterday that the nation’s grounding economy sector may soon get some reprieve as the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, promised to review some aspects of the bank’s flexible exchange rate policy. He…
We did not conduct irregular recruitment—NSC
After months of quietness, the Nigeria Shippers’ Council (NSC) has come out to deny allegations by a group of its workers that it embarked on irregular recruitment. In August, some workers who described themselves as “Concerned Staff” of the NSC…
CBN set up YIEDP to drive enterprise among Nigerian youths—Alade
The Deputy Governor, Economic Policy of the central Bank of Nigeria (CBN), Dr. Sarah Alade has said that the establishment of Youth Innovative Entrepreneurship Development Programme (YIEDP) by CBN was designed as an interventionist model in the real sector of…
Dangote, 9 others to discuss Africa-Europe trade with Hollande
French President, François Hollande has concluded discussion with top 10 entrepreneurs across Middle East, Europe and Africa in Paris on ways of promoting trade relations with Europe. The dialogue is coming on the heels of serious collapse in the volume…
LADOL seal partnership deal with Norwegian companies
The Lagos Deep Offshore Logistics (LADOL) is currently working out a strategic partnership package with some Norwegian companies towards oil and gas business development in the country. This was made public when a delegation of the Nigerian-Norwegian Chamber of Commerce…
Seme border Customs Command generates 1.129bn in September
The Nigeria Customs Service (NCS), Seme Command, has said it generated 1.1billion revenue in September. The command’s spokesman, Selechang Taupyen, made this known in a press statement issued on Monday. Taupyen said the amount generated in September surpassed the N833,791,678…
