Like Friday last week, naira on Monday appreciated against dollar
Just like last week Friday, the Naira on Monday in Lagos appreciated marginally against the dollar at the parallel market, gaining N2. Experts say if the trend continues for a long time, recession will begin to ease away. The currency…
NIMASA inaugurates review committee on Freight Benchmark
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has inaugurated a committee to review the parameters for charging the three percent freight benchmark currently collected by the Agency. He said the vision of…
Stanbic IBTC moves support to agric value chain
The management of Stanbic IBTC has stressed the readiness of the bank to introduce and sustain products and initiatives that significantly impact on the whole agricultural value chain. This was disclosed by the Chief Executive Officer of the bank, Mrs….
Tompolo’s contract still running in NIMASA- Peterside reveals
Facts have emerged that whereas the running battles between the Federal Government and Chief Government Ekpmuopolo, (Tompolo) lasted at the courts, the management of Nigerian Maritime Safety Agency (NIMASA) has not terminated the 10 years contract awarded to Tompolo through…
Prices to flare up as manufacturers lose confidence in CBN’s forex policy
Indications have emerged that that considering the failure of the CBN’s directive that 60 per cent of the forex supply in the system go to the manufacturing sector had failed, manufacturers are forced to turn back to the killer black…
Drama as OBJ places order for size 42 of Made-in-Aba shoes
As a way of deepening local content drive and support for buying Nigeria, former President, Olusegun Obasanjo weekend placed an order through the Chief Marketing Officer of Made-in-Aba Product and Governor of Abia State, Dr. Okezie Ikpeazu, during the 2016…
SEC begins financial literacy to drive awareness, growth
The Securities and Exchange Commission (SEC) has disclosed new move to commence a financial literacy awareness campaign across the country to deepen market inclusion. The Commission said this will form the basis for the campaign for today’s World Savings Day…
FG plans veiled sale of refineries’ with private sector input in $1.8bn rehab
One of the highlights of the road map for the development of the nation’s oil and gas industry, unveiled by President Muhammadu Buhari in Abuja weekend was to spend between $1.4bn and $1.8bn to rehabilitate the nation’s refineries within two…
FG hails First Bank on new product, FirstGem
First Bank of Nigeria PLc, weekend unveiled a scheme tailored to drive women in financial inclusion and emancipation. Speaking at the launch in Lagos, Minister of Finance, Mrs. Kemi Adeosun said the FirstGem product, is very critical to the country’s…
Naira firms against dollar at interbank market
The Naira weekend appreciated against the dollar at the official interbank market, gaining 50k to exchange at N304.50, from N305 posted on Thursday. But at the Bureau De Change Segment of the market, the naira closed at N385 CBN controlled…
