115 abandoned skyscrapers, others in VI, Ikoyi may be auctioned—LASG
Lagos State government has compiled a list of more than 115 abandoned properties in Ikoyi and Victoria Island. This is to find out from the owners plans they have for them or government may either demolish them for safety reasons…
N1tn social housing scheme underway, says FG
The Federal Government has said it is working out modalities with the private sector to raise N1 trillion for the financing of housing mortgages for low-income earners. This will ride on the back of social housing programme of the present…
GTB, 2 others suspend ATM card usage abroad
Fresh angle has emerged on the frustrating scenario caused by the scarcity of dollar in Nigeria. Friday, some commercial banks announced the suspension of overseas Automated Teller Machine (ATM) card services and online transactions denominated in foreign currencies. Standard Chartered…
Paying contractors will ease recession, says Fashola
The Minister of Power, Works and Housing, Mr. Babatunde Fashola has revealed that part of his ministry’s contributions to the fight against recession is to ensure prompt payments of contractors handling jobs for the federal government. Speaking at the annual…
Why CBN allowed only First Bank to sell Dollar to BDCs
More facts have emerged as to why the Central Bank of Nigeria (CBN), last week banned other commercial banks from selling forex to Bureaux De Change (BDCs) except First Bank Plc. Investigations revealed that whereas First bank have continued to…
Development Bank of Nigeria coming before year end–FG
President Muhammadu Buhari has hinted that a new financial institution, Development Bank of Nigeria (DBN) would soon begin operations to strengthen the government’s economic diversification programme. A statement issued by the Senior Special Assistant (SSA) to the President on Media…
Confusion in Seme border as $3Bn Nigeria-bound rice hang in balance
More facts are beginning to emerge as to why a set of elements in the Customs and their allies in online media for spreading a fake news that the Nigerian Customs Service (NCS) has delisted Rice from ban on land…
Business Hilights Weekly Stock market (Oct 10 to Oct 14, 2016) report
The Nigerian Stock Exchange (NSE) recorded a turnover of 1.163 billion shares worth N9.251 billion in 14,992 deals were traded last week that ended Friday, October 14, 2016 by investors on the floor of the Exchange in contrast to a…
Former bank executives point way out of recession
Former Group Managing Director, Ecobank Transnational, Mr. Arnold Ekpe, has advised the federal government to reflate the economy through infrastructure development to create economic activities. This is as former Managing Director of defunct Intercontinental Bank Plc, Erastus Akingbola also asked…
