OPEC mulls 2018 oil cut extension with caveat
OPEC and Russia are heading toward prolonging their oil supply cuts for the whole of 2018 but with an option to review the deal in June, OPEC sources said on Tuesday after Moscow expressed concerns the market could overheat. The…
Recovering oil prices push Shell to resume all-cash dividend
Royal Dutch Shell on Tuesday, said it has concluded plans to resume all-cash shareholder dividends, as group profitability improves thanks to recovering oil prices and cost-cutting. The new strategy was made alongside news that the Anglo-Dutch group has raised its…
Like former Zimbabwe, foreigners taking over Nigeria’s agric sector, says FG
There are fears that in no distant time, indigenous investors in agriculture will be overrun by foreign deep pocket investors. It would be recalled that about two to three decades ago, Zimbabwean economy was among the most robust southern region…
Dangote has grown to become pride of Africa, says Gov, Ganduje at Kano fair
Barley few days after President Muhammadu Buhari in far away Congo Brazzaville, during the commissioning of new Dangote Cement described the president of Dangote group as the champion of Africa’s industrial renaissance, Kano State Governor, Dr. Umar Ganduje, at the…
Alakija raises hope for 300 women at 2017 Flourish Africa Conference
Chief Mrs. Folorunso Alakija, one of a handful of successful female entrepreneurs on the continent listed as one of Forbes most powerful women in the world, attended the Africa conference. The 66-year-old business magnate has persistently championed the causes of…
Governors’ Uyo Declaration, being SESSGF Communiqué
COMMUNIQUE OF THE MEETING OF SOUTH-EAST / SOUTH-SOUTH GOVERNORS FORUM HELD IN GOVERNMENT HOUSE, UYO, AKWA IBOM STATE ON SUNDAY, NOVEMBER 26, 2017 The Governors of the South-East and South-South States of the Federal Republic of Nigeria met in Uyo,…
EU releases malaria drugs removed from market, cautions Africa
The list of drugs against malaria removed from the market in the European Union. The underlisted drugs have been proven to be dangerous and are the origin of kidney failure that kills spontaneously. Listed are designation, form unit and laboratory…
You either collaborate with FinTechs or fade away soon, CBN tells Banks
The truth of the century on the future of banking was recently made clear to the Nigerian money deposit banks (MDBs), by the Central Bank of Nigeria (CBN) at the just concluded 2017 annual retreat of the Committee of E-Business…
Non-receipt of VAIDS letter doesn’t mean FG didn’t identify tax evaders—Adeosun
As the Federal Inland Revenue Service (FIRS) began to dispatch letters of tax notice to listed 500 prominent Nigerians with property and trusts abroad, on Monday, the Minister of Finance, Mrs. Kemi Adeosun has made it clear that those in…
If up to $9bn interventions since February can’t converge rates, then…
As the endless wait for all market exchange rates to converge since February this year seems not to be working 10 months after; analysts have started raising issues on the need for the Central Bank of Nigeria (CBN) to change…
