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Business

10 Dangers You Must Avoid When Starting Poultry Business By Isa Isawade

August 19, 2019 Omoniyi Osadare 0

Poultry business could be very lucrative and profitable if it is embarked upon with full information about the dos and don’ts of running it which ultimately secures the investors from pitfalls of the business. Following […]

Banking

Nigerian Banks: Emefiele 2.0, By Rafiq Raji

August 17, 2019 Omoniyi Osadare 0

“By advancing new measures, pushing banks to extend their lending activities, the CBN is filling the policy void in the prolonged absence of a new cabinet. Unfortunately, neither the new minimum loan-to-deposit ratio nor the […]

Business

Is Nigeria Subsidising Fuel consumption in West Africa? By Melissa Mordi

August 15, 2019 Omoniyi Osadare 0

Boasting a population of 25 million, the markets of Cameroon are full to bursting. Along with dirt roads vermillion, turquoise and saffron handwoven mats are spread out as far as the eye can see, every […]

Business

Gokada Suspends Services To Address Shortcomings

August 14, 2019 Omoniyi Osadare 0

Gokada, a Lagos-based on-demand motorcycle taxi-hailing app, has suspended its services. In a statement sent to users on Wednesday, Gokada said the compulsory break would last for 12 days beginning from Wednesday, August 14 to […]

Business

We’ve Enough Food, Give Nobody Money For Food Importation, Buhari Orders CBN

August 14, 2019 Omoniyi Osadare 0

President Muhammadu Buhari has on Tuesday directed the Central Bank of Nigeria (CBN) not to give money to anybody for food importation. He noted that the country has sufficient food, enough for its citizens. “Don’t […]

Business

‘Leave CBN Alone’ — Moghalu Rejects Buhari’s Directive On Food Importation

August 14, 2019 Omoniyi Osadare 0

Kingsley Moghalu, former deputy governor of the Central Bank of Nigeria (CBN), has criticised President Muhammadu Buhari over his directive to the apex bank to halt foreign exchange for food importation. The president had told […]

Business

Egg Glut Is Killing Poultry Business In Nigeria – Taiwo Adeoye

August 13, 2019 Omoniyi Osadare 0

Mr. Taiwo Adeoye, a renowned animal scientist and President of the Animal Science Association of Nigeria (ASAN) is the Managing Director of Rostal Resources Limited and a very successful poultry farmer. In a recent interview […]

Business

Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020

August 9, 2019 Omoniyi Osadare 0

Africa’s largest oil refinery will not be finished until the end of 2020 due to problems importing steel and other equipment, executives at Dangote, which is building the facility in Lagos said. “We will be […]

Business

Keystone Bank Restrategises To Drive Growth

August 8, 2019 Omoniyi Osadare 0

Keystone Bank Limited has appointed athree executive directors as members of its board of directors as part of a strategy to realign its operations for sustained business growth. The new directors who were appointed at […]

Business

ALERT: Banks Will Now Obtain Your Credit History From Other Institutions Before Giving Loans

August 6, 2019 Omoniyi Osadare 0

The Central Bank of Nigeria (CBN) has directed banks in the country to obtain the credit history of customers before approving loan applications. The directive was contained in the Consumer Protection Guidelines on Responsible Business […]

Business

Is Nigeria Ready for 5G Technology?

August 4, 2019 Omoniyi Osadare 0

Emma Okonji writes that Nigeria, which still is struggling to launch 4G network, has a long way to go in 5G deployment, as developed countries of the world are already gearing up to launch the […]

Business

Stakeholders Renew Calls For Backyard Farming By Gbenga Akinfenwa

August 4, 2019 Omoniyi Osadare 0

There is a renewed call for all Nigerians to embrace the practice of backyard farming, described as the best way to reduce poverty, improve the country’s food security and means of creating wealth and job […]

Business

UBA, Shell, Kashamu, Ubah, Babalakin, Ibrahim, Others Among AMCON Biggest Debtors [Full list]

August 3, 2019 Omoniyi Osadare 0

The list of individuals and companies owing Assets Management Corporation of Nigeria (AMCON) has emerged. The Nigerian government on Tuesday renewed effort to ensure the effective recovery of over N5trillion being outstanding debts and has […]

Business

Obiano Reserves 60 Per Cent of CBN’s N4 Bln Grant For Women

August 3, 2019 Omoniyi Osadare 0

Gov. Willie Obiano of Anambra said on Friday that 60 percent of the N3.5bn agriculture grant, secured from the CBN would be given to women farmers and entrepreneurs in the state. Obiano made the disclosure […]

Business

China Begins Export of Used Cars To Nigeria, Others

July 30, 2019 Omoniyi Osadare 0

The Chinese Ministry of Commerce has said that it has commenced the export of used cars to Africa, Asia and Europe, with Nigeria as one of the major destinations for the first batch of 300 […]

Banking

Access Bank Issues Tier II N30bn Local Bond

July 29, 2019 Omoniyi Osadare 0

To further strengthen its funding base, Access Bank Plc at the weekend announced that it has successfully issued a Tier II N30 billion fixed rate subordinated unsecured bond. The bond was oversubscribed, which according to […]

Business

Importation: Nigeria’s Steel Plants Producing Less Than 200,000 Tonnes Yearly

July 24, 2019 Omoniyi Osadare 0

Manufacturers raise alarm over looming job losses The Basic Metal, Iron and Steel and Fabricated Metal Products Sectoral Group of the Manufacturers Association of Nigeria (MAN), has raised an alarm over possible massive retrenchment of […]

Business

Will Nigeria Be Able To Float The Naira? By Lukman Otunuga

July 19, 2019 Omoniyi Osadare 0

The stabilizing economic conditions in Egypt almost three years after allowing its currency to float serves as a clear reminder to Nigeria that Egypt made the right decision. Today, when comparing the two nations side-by-side […]

Business

HURRAY! NERC Says You Can Get Prepaid Meters and Pay Later

July 19, 2019 Omoniyi Osadare 0

The Nigerian Electricity Regulatory Commission (NERC) says electricity customers will be allowed to get prepaid meters and pay later. Speaking at a press conference in Lagos on Thursday, Nathan Shatti, NERC’s commissioner for finance and […]

Business

Handicap-The-Naira Exchange Rate System By Adaighofua Ojomaikre

July 17, 2019 Omoniyi Osadare 0

The Central Bank of Nigeria Governor Godwin Emefiele has said, “We will continue to operate a managed float exchange rate regime in order to reduce the impact with continuous volatility in which the exchange rate […]

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