Naira Falls To 361 As Dollar Demand Increases
The naira, which has come under pressure in recent days, fell to 361 against the United States dollar at the parallel market on Tuesday,...
Mass Sack: FG Threatens To Revoke Bank Licenses
The federal government has threatened to withdraw the operating license of any bank and telecommunication company that failed to yield to its earlier directive to...
FG Sets Up National Task Force On Rice, Wheat Production
The Federal government has established a National Rice and Wheat Task Force to set up targets that will yield comprehensible and self-evident results in...
World Bank Cuts 2016 Global Growth Forecast To 2.4 percent
The World Bank is downgrading its 2016 global growth forecast to 2.4 percent from the 2.9 percent pace projected in January.
The move is due...
It Takes 7 to 10 Years To Genetically Modify 1 Crop – NABDA
The National Biotechnology Development Agency (NABDA) says it will take between seven to 10 years for scientists to genetically modify one crop.
The Director-General of...
Oil Prices Dip As Dollar Rebounds
Oil prices edged down slightly today but held around 11-month highs thanks to a weaker dollar and forecasts for another drop in US inventories.
The...
Skye Bank Sacks 175 Workers
The recent trend of retrenchment of workers in the financial services sector on Monday extended to Skye Bank Plc, which sent 175 of its...
Adeosun Meets Bond Investors In London Today
Indications have emerged that Nigeria may issue another Eurobond any time soon as a Federal Government delegation led by the Minister of Finance, Mrs....
Blackout In Northeast Over Attack On Power Installations
The destruction of gas installations by the Niger Delta militants and attack on electricity poles, cables and installations along Biu-Damboa-Maiduguri road by Boko Haram...
FG Asks MDAs To Submit Priority Projects For Funding
The Federal Government has ordered Ministries, Departments and Agencies (MDAs) to forward list of ongoing and new projects in order of priority, for immediate...
TSA Implementation Caused Retrenchment In Banks – Group
The Abuja Chamber of Commerce and Industry on Monday blamed the massive retrenchment in the banking sector on the implementation of the Treasury Single...
NLNG Denies Link With $3.1bn Fund Recovery
The Nigerian LNG Limited has said none of its accounts is being investigated by the Economic and Financial Crimes Commission or any other anti-graft...
SEC Probes Stockbroking Firm Over Shares Fraud
Securities and Exchange Commission (SEC) has launched investigation into alleged multi-million Naira shares fraud involving a stockbroking firm, WT Securities Limited, in another high-profile...
Oil chief backs PIB’s unbundling
An oil firm’s chief executive, Emeka Eneh, has lent his support to the unbundling of the petroleum industry sector through the passage of the...
Trade deficit: More job loss likely in banks
Twenty Deposit Money Banks (DMBs) are expected to fire at least 10,000 out of their estimated 110,000 workers before the year-ends, The Nation has...
Report: IoT Will Overtake Mobile Phones By 2018
The latest edition of the Ericsson Mobility Report has revealed that the Internet of Things (IoT) will overtake mobile phones as the largest category...
UBA Promotes e-banking With Dubai Trip, Others
United Bank for Africa Plc says it is committed to promoting electronic banking in the country.
The lender therefore said it had put on offer...
Financing Vital To Business Growth, Says LEAP Africa
Financing is key to the quest to grow entrepreneurship businesses in Nigeria, LEAP Africa, a non-profit organisation, has said.
The Executive Director of LEAP Africa;...
Another 140,000 bpd Shut In As Agip, AITEO Close Operations In Bayelsa
...Navy asks communities to produce militants or face punitive action
Nigeria’s crude oil production capacity has again dropped by 140,000 barrels per day (bpd)...
NERC to Discos: Disconnect All Persistent Electricity Debtors
The Nigerian Electricity Regulatory Commission (NERC) has agreed that the 11 electricity Distribution companies (Discos) should massively disconnect ‘persistent’ debtors.
This order came few days...
