Dangote Sugar Rakes In N59.53bn Revenue
BY CHINYERE OBIORA, LAGOS – Dangote Sugar Refinery (DSR) has recorded an impressive revenue figure of N59.53 billion in the first quarter of the financial year ended March 31, 2017. The…
ECONOMY
Forex Hoarding: Eight Banks Escape CBN’s Hammer
…As 14 Others Face Ban – The Central Bank of Nigeria (CBN) has declared only eight Deposit Money Banks (DMBs) fit to participate in the weekly Small and Medium Scale…
Inter-Bank Market: CBN Injects More Dollars
BY CHINYERE OBIORA, LAGOS – Strong indications emerged that the nation’s currency, the Naira will rebound further after the May 1 Workers’ Day celebrations with the Central Bank of Nigeria…
Inflation, Devaluation: Dogora Okays Workers’ Salary Increase
BY AMOS DUNIA, ABUJA – Speaker of the House of Representatives, Hon Yakubu Dogara says increasing workers’ salaries and wages have become necessary given the current inflation, Naira devaluation and rising…
Tough Times Await Fraudsters – Bankers’ Committee
…Deploys Database To Combat Scams BY CHINYERE OBIORA, LAGOS – The Central Bank of…
CBN Floats $100m In Wholesale Forwards
BY CHINYERE OBIORA, LAGOS – The Central Bank of Nigeria (CBN) on Thursday moved to strengthen the gains of its foreign exchange market interventions and stability by offering 100 million…
Stop Illegal Logging – US Envoy Tells Nigerians
BY UBON EKANEM, CALABAR – The United States Ambassador to Nigeria, Mr. Stuart Symington says illicit logging and other harmful environmental practices have given Nigeria the notorious rating as…
Pension Funds Safe, PenCom Assures Nigerians
BY COBHAM NSA, ABUJA – The National Pension Commission (PenCom) says the recent presidential order that swept off the Commission’s management team will not adversely affect the Contributory Pension Scheme…
No One Will Loot Recovered Funds – Adeosun
FROM COBHAM NSA, ABUJA – There is no chance for anyone to loot cash recoveries made in the on-going anti-corruption war by government agencies, Minister of finance, Kemi Adeosun has…
Privatised Firms Must Be Efficient – New BPE Boss
BY COBHAM NSA, ABUJA – The Bureau of Public Enterprises (BPE) will rejig its processes to ensure all privatized enterprises in the country are functional and provide quality services…