Confusion as DBN set to clash with BoI’s activities, targets 20,000 MSMEs in first year
Just as the Bank of Industry (BoI) since the beginning of this has been growing the consolidation of Small and Medium Enterprises (SMEs) via loans, training and grants, the newly licensed Development Bank of Nigeria (DBN) will finance about 20,000…
CBN remains unstoppable in sustaining foreign exchange liquidity—Okoroafor
Contrary to the advice of the International Monetary Fund (IMF), the Central Bank of Nigeria (CBN) on Sunday reiterated its determination to sustain the provision of foreign exchange with a view to ensuring liquidity in the market and enhance accessibility…
Customs expects over N7bn from 3,190 vehicles auctioning seized in 2 years
Considering that within the last two year, the Nigerian Customs Service (NCS) has made car seizure worth N7.75bn, it is likely to rake in about N7bn form vehicles auction as it is not expected to auction bellow market value of…
Lift forex ban on 41 items, criminalize Bureau D’Change to exit recession early—IMF
The long awaited warning from the International Monetary Fund (IMF) finally came and two major contents include that the Federal Government need to lift the remaining foreign exchange restrictions on the 41 items and see how it can outlaw multiple…
Price of cooking gas still high as Nigerians need 3m cylinders yearly – NCDMB
Contrary to claims by the managing director of Nigeria Liquefied Natural Gas (NLNG) that price of cooking will drop before the end of first quarter, checks by Business Hilights Economic Team over the weekend in parts of Abuja, Port Harcourt…
FG begins payment of $5.1b cash calls to IoCs this month to grow activities
The Minister of State for Petroleum Resources, Ibe Kachikwu has weekend gave an indication that Federal Government will begin payment of $5.1 billion joint venture cash calls to International Oil Companies (IoCs) from this month, April 2017. Explaining more in…
Petroleum tanker drivers may begin indefinite strike today, Monday if…
Most sensitive arm of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), Petroleum Tanker Drivers, may begin a nationwide indefinite strike from today considering series of failed efforts of the government over the weekend. President of NUPENG, Comrade…
What is happening to Lagos-Calabar railway, completion of East-West road all in N/Delta?
Considering the charged atmosphere leading to the final inclusion of the N700bn Lagos-Calabar railway scheme, in the 2017 budget, observers believe that construction activities will begin as soon as the 2017 budget is passed into law. However, a scenario of…
Remove abandoned ships, wrecks; NIMASA warns erring owners risk sanctions
The Nigerian territorial waters, the Nigerian Maritime Administration and Safety Agency (NIMASA) has warned all owners of abandoned Ships/Vessels to urgently remove same from the Nigerian territorial waters on or before 28th of April 2017 or risk sanctions ranging from…
ICT group, Amadeus seals new deal with Dana Air on digital services
Leading advanced technology solutions providers for the global travel industry, Amadeus, has announced full content agreement with Nigeria’s Dana Air. The new deal will allow all Amadeus subscribers in Nigeria and worldwide to access Dana Air’s full product range, schedules…
