Erisco Foods returns to Nigeria, seeks audit of CBN forex allocation to manufacturers
After about two to three months of production outside the country, Erisco Foods Limited which exited the country sometime last year on ground of hostile forex regime is back. The company is known for Tomato paste manufacturing. Giving more details…
Access Bank crosses risky limit as Capital Adequacy Ratio hits 21 per cent
With liquidity ratio at 43 per cent after the implementation of risk management framework, Access Bank Capital Adequacy Ratio (CAR) currently stands at 21 per cent. The CAR for banks in Nigeria stands at 10 percent and 15 percent for…
Rising Nigeria, U.S. trade deals may have compelled FG to dump Chinese Yuan swap deal
More reasons are beginning to emerge as to why the federal government suddenly ran away from nearly completed Chinese Yuan swap over US dollar even after a deal was signed in Beijing by this time last year. Experts say rising…
FG deepens recovery drive, inaugurates committee to expand trade with other countries
As part of new efforts to grow continental trade relations in non-oil deals, the Federal Government on Thursday, opened a window expand Nigeria’s trade with other countries of the world by inaugurating a national committee for the Continental Free Trade…
Kano waste management body, REMASAB pays working visit to LAWMA
More facts have emerged showing that the consolidation of the ageless Lagos Waste Management Authority (LAWMA) has done well and is still on the right track. This stems from the recent working visit by the management of Kano State’s Refuse…
How Boko Haram conflict is derailing Nigeria’s wheat crop productivity
Leading global news group, Bloomberg has disclosed how wheat growers in Nigeria’s northeast have abandoned their farms under the onslaught of the Boko Haram Islamist insurgency, a setback for the country’s efforts to cut imports by boosting local production, a…
Jonathan’s wife kinsmen, Okrika ethnic nationality seeks license to operate modular refinery
Kinsmen of the wife of former President Goodluck Jonathan, Okrika ethnic nationality in Rivers State have joined the league groups in Niger Delta seeking license to operate modular refinery in their community. Part of their plea before the federal government…
NLNG links 50% drop in dividends to militancy, oil price crash in 2016
The management of Nigeria Liquefied Natural Gas (NLNG) has given insights on why dividends payments to the federal government ebbed last year when compared to 2015. The Managing Director of the group, Mr. Tony Attah while rolling out figures and…
Chinese railway firm declares Nigeria biggest, important market in Africa, plans Varsity
Indication has emerged from Beijing, China that China Railway Construction Corporation (CRCC) Limited is set to deliver a University in Nigeria as part of its strategic corporate social responsibility (CSR). Executive President of CRCC Limited, Cao Baogang, made the disclosure…
Nigeria internet penetration 18% higher than other African nations—Jumia Report
Leading online retail marketing group, Jumia Nigeria, has released new report, saying current internet penetration rate in Nigeria is 53 per cent, about 18 per cent faster than other African states. Rolling out its 2017 report on African Mobile trends…
