Pay contractors to ease liquidity squeeze, CBN tells FG
The Central Bank of Nigeria (CBN) has called on the federal government to make haste and pay the contractors doing business in the economy so that more cash can move into the economy to spike activities. This formed part of…
Raids on illegal forex dealers now endless—Emefiele
Indications have emerged from the corridors of the Central Bank of Nigeria (CBN) that the ongoing nationwide crackdown on street operators of Bureau De Change (BDC) across the nation shall continue until the last operator is out of the street….
UBA hits N40bn PBT, grows balance sheet by 20%
Whereas recession and forex squeeze continue to hobble some financial institutions, the United Bank for Africa Plc (UBA) has announced its audited 2016 Half Year Financial Results for the period ended 30 June 2016, showing the bank recorded gross earnings…
FCMB plans customer forum for exporters in Kano next week
Leading commercial bank, FCMB has concluded arrangements to drill business owners and other stakeholders involved in export trade in Kano next week Wednesday during the customer forum. The training programme is coming in partnership with the Nigerian Export Promotion Council…
Dangote to end importation of coal used for cement production in March 2017
Logistics are getting set by leading cement manufacturers, Dangote Cement Industries to begin the mining and sourcing of coal for its cement production within Nigeria in March next year. Before now, the company has been sourcing the material overseas at…
NSCCIMA looking for international market to sell Nsukka-Pepper
More jobs still need to be done by the federal government in its plan to deepen the exportation drive for local agricultural products as the Nsukka Chamber of Commerce, Industry, Mines and Agriculture (NSCCIMA) says it is seeking international market…
Again, PENGASSAN warns FG against fuel price hike
The President of the Petroleum and Natural Gas Senior Staff of Nigeria, PENGASSAN, Olabode Johnson, has again warned the federal government against any plan to raise the pump price of petrol, saying such thought will destabilize the country as Nigerians…
Huge capital needed by oil firms to deliver renewable energy drive—Report
A new study by Wood Mackenzie, which shows the impact of rapid growth in renewable energy on global oil companies, indicates that while there is strong rhetoric on diversification into renewables, a much greater proportion of capital will be needed…
Crude closing in on $50 over fears of OPEC-planned production cut
Oil prices extended gains earlier in the week, up to their highest level since October, as investors expect an output cut from the Organization of the Petroleum Exporting Countries (OPEC) next week. Brent crude surged on Wednesday as high as…
Turkish Airlines introduces new audio tech onboard for relaxation of travellers
Europe’s best airline for six consecutive years according to the recent Skytrax results, Turkish Airlines, has taken its in-flight experience even further. Having the passenger’ satisfaction as the company’s priority, the entertainment selection was broadened in order to reach the…
