CBN Receives Applause From Connoisseurs Over The Extension Of The Naria4Dollar Scheme
Connoisseurs on Thursday applauded the Central Bank of Nigeria (CBN) for extending the Naira4Dollar scheme required to close on May 8. The experts gave the appreciation in an interview with the News Agency of Nigeria (NAN) in Lagos. The apex bank had on Thursday in a circular titled “Re: Introduction of the CBN’s “Naira4Dollar Scheme” […]
No End In Sight To The Plight Of Nigerian Traders In Ghana
Nigerians’ Shops Remain Shut In Ghana, five months after a series of bilateral talks between the Nigerian government and authorities in Ghana aimed at addressing the nearly a decade-long controversy that led to the closure of Nigerian traders’ shops in Ghana, the issues have not been resolved. Dozens of shops belonging to Nigerians are still […]
4 Trucks With Suspected Stolen Petroleum Products Apprehended By IPMAN
The Independent Petroleum Marketers Association of Nigeria, IPMAN has apprehended four trucks loaded with stolen Automotive Gas Oil, AGO. The suspects, (names withheld) with vehicle registration numbers: NSR 357 G, KT650ZZ, GXH27XA, and XD242HAG respectively were arrested at the Delta State Polytechnic Community of Uzoro in the early hours of yesterday on their way to […]
NDPHC, NCP Approves The Sales Of Five Power Generating Companies In Nigeria
The Niger Delta Power Holding Company, NDPHC, Board of Directors, and the National Council on Privatisation have approved the sale of five generating companies in the country through a competitive bidding process. This is coming even as the Bureau of Public Enterprises, BPE has called on prospective investors to express interest in purchasing 100 percent […]
I Acted in First Bank’s Interest, Sacked Chairman Awosika Says
The sacked Chairman of First Bank Nigeria Limited, Mrs. Ibukun Awosika, has said she acted in truth and honesty in the interest of the bank, its stakeholders, and Nigeria during her 11 years sway at the institution. Awosika said this in a statement titled, “My FBN Group Journey,” she posted on Instagram at the weekend. […]
SEC Retains The Continuance Of OANDO PLC AGM Suspension
The Securities and Exchange Commission, SEC, has retained the suspension of the Annual General Meeting of Oando Plc in 2017 despite a recent court ruling. SEC in a statement on Friday said due to conflicting courts ruling in cases challenging its directives, the suspension order remains. The Commission stated: “Given the conflicting judgments of the […]
CBN’s MPC Members In Agreement Crisis Over Growth, Inflation
The members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria, CBN, have indicated that the apex bank’s meeting in March was largely concerned with the twin problem of growth stimulant of economic growth and containment of inflation. The MPC is the highest monetary policymaking body in the Nigerian economy. The committee […]
Crypto Trading – Nigeria Emerges As The Biggest Market For Paxful
Maugre the ban on cryptocurrency trading in Nigeria, the country has emerged as the biggest market for Paxful, a global peer-to-peer fintech, and cryptocurrency trading platform, with an impressive volume which currently stands at $1.5 billion and 1.5 million users. As of April 2021, the top four countries by volume on Paxful aside from Nigeria […]
Fidelity Bank Confirms 53.9% PBT Growth In First Quarter 2021
Fidelity Bank Plc has confirmed a 53.9 percent growth in Profit Before Tax (PBT) to N10.1 billion for the first quarter ended March 31, 2021 (Q1’21) as against N6.6 billion posted in the corresponding period of 2020 (Q1’20). Features of the unaudited results, released at the Nigerian Exchange Limited (NGX) revealed that the net revenue […]
OPEC Resolves To Stick To Plan, Cancels Ministers’ Meeting
The Organisation of Petroleum Exporting Countries (OPEC) and its allies on Tuesday resolved to stick to plans for a phased easing of oil production restrictions from May to July. The cartel, along with its partners known as OPEC+ also ditched plans to hold a ministerial meeting today since the group decided to adhere to policies […]
