The improving sentiment towards the Nigerian economy was dealt a heavy blow in March following reports of the International Monetary Fund’s (IMF) warning of a potential economic collapse if the nation failed to move ahead […]
In spite of the bitter experience that millions of Nigerians have had since the foremost Ponzi scheme in the country, MMM, pulled a break on its operation last December, similar schemes are springing up and […]
The Central Bank of Nigeria (CBN) has directed bureau de change operators (BDCs) to sell the dollar at N362 to Nigerians in need of it. This directive comes barely 24 hours after its directive to […]
The Central Bank of Nigeria (CBN) has activated the new foreign exchange rate for invisibles by pumping a total of $185 million into the foreign exchange market. On Monday, the CBN introduced a cheaper rate […]
The Nigerian National Petroleum Corporation, NNPC, said on Monday it had reached a final settlement with AITEO Group over an outstanding $202.4 million (about N62 billion) debt in respect of under-delivery of petroleum products under […]
– Innoson Vehicle Manufacturing factory, Nnewi, Anambra State It is imperative that we as people resolve to use what we make and make what we use. This implies a conscious decision for us to patronise […]
For one or two years now, the Central Bank of Nigeria’s Monetary Policy Committee has retained the monetary policy rate (MPR) at 14%. The MPR is just a peg, the lowest interest rate a bank […]
No doubts, the administration of President Muhammadu Buhari has restated in its diversification that agriculture, solid minerals and manufacturing were the key sectors identified to jumpstart the country’s economy, which has gone into its first […]
The Asset Management Corporation of Nigeria (AMCON) on Monday announced Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf-Riverbank consortium) as the new investors that have acquired the entire issued and fully […]
Forbes, revered financial magazine, says there are only three dollar-billionaires left in Nigeria; Aliko Dangote, Africa’s richest man; Folorunsho Alakija, the world’s second richest black woman, and Mike Adenuga, founder of Globacom. Via its 2017 […]
The Asset Management Corporation of Nigeria has announced Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf-Riverbank Consortium) as the new investors in relation to the acquisition of the entire issued and […]
The recent decision by the Central Bank of Nigeria, CBN, to reintroduce various charges on large cash transactions in deposit money banks has generated mixed reactions by Nigerians, PREMIUM TIMES investigations have revealed. The regulator […]
When scarce supplies are met with limitless demands, allocation of resources in the most judicious ways are employed to ensure prices don’t spiral out of control. While in the long-term, demands are either managed or […]
The American oil giant, ExxonMobil, has explained why it cannot move its head office in Nigeria, from Lagos to Akwa Ibom State where the company produces oil. The demands for International Oil Companies, IOCs, in […]
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have waded into Etisalat Nigeria multi-billion naira debt crisis. Umar Danbatta, executive vice chairman of the NCC, met with Godwin Emefiele, the CBN […]
Etisalat Nigeria is in talks with 13 Nigerian banks to renegotiate the terms of a $1.2 billion loan it took out four years ago after missing a payment. At current official rate, the loan, without […]
Since Nigeria was confirmed to have slipped into a recession in August 2016, Nigerians, investors from across the world, the World Bank and International Monetary Fund (IMF) have been waiting on the Muhammadu Buhari government […]
– Dr. Sola Adeduntan, MD/CEO, First Bank of Nigeria Ultimately, transformational leaders have one thing in common: they have integrity before their boards, before customers, and very importantly, integrity before their employees. This is one […]
The Naira on Friday depreciated against the dollar at the parallel market after posting days of appreciation. The nation’s currency lost N7 to exchange at N465 to a dollar after closing at N458 on Thursday, […]
There is the Naira’s new strength coming from? The Central Bank of Nigeria (CBN) said yesterday that the currency’s appreciation against others was the result of its market monitoring and intervention. Its spokesman Isaac Okorafor […]
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