archiveDecember 2016

The President, African Development Bank (AfDB), Dr. Akinwumi Adesina has disclosed plans to launch $800 million scheme to support the agriculture sector. Adesina said the initiative called the Technology for African Agriculture Transformation (TAAT) was part of efforts designed to encourage technological innovation in the sector. He made this known...

Two civil rights organisations, International Society for Civil Liberties and the Rule of Law and the South East Based Coalition of Human Rights Organisations, have called on the South East Governors and National Assembly legislators to intervene and stop militarisation and extortion in Igbo Land. They said it was part...

Two Chinese companies, Ningbo  Cgas Valve company Limited and Hangzhou Tianlong Steel Cylinder Company Limited, are set to declare an international trade dispute with Ecobank Nigeria over an alleged non- remittance by the bank of $112,166.00(N52,718.020) being an accrued sales proceeds from goods sold to a Nigerian importer, Mr Ejimofor...

The Nigerian Stock Exchange (NSE) began this week with a marginally gain of 0.01 per cent on Monday to extend uptrend to the fourth day in a row. Leading indicator, the All-Share Index (ASI) rose by 2.21 basis points to 25,743.03 points from 25,740.83 basis points it closed on Friday....

The National Chairman of the All Progressives Congress (APC), Chief John Odigie-Oyegun, has explained that the present economic realities in the country were enough justification for the $29.9 billion external borrowing that the President Muhammadu Buhari administration is seeking. It would be recalled that the Senate had earlier turned down...

The Central Bank of Nigeria (CBN) has asked banks to submit bids for a "special currency auction" targeting fuel importers to meet demand for matured letters of credit, traders said on Monday. According to Reuters’ report monitored by Business247 News Online, traders said the central bank sent a message to...

The President of Fund Managers Association of Nigeria (FMAN), Dr. Ore Sofekun has said that the association was working with the Securities and Exchange Commission (SEC) on electronic transfer of funds so as to boost financial inclusion. Speaking at the annual workshop of Capital Market Correspondents Association (CAMCAN) of Nigeria...

The Kogi State government has challenged the 4,521 beneficiaries of the N-power program in the state to be prepared to offer dedicated service to communities where they will be posted to serve. The N-Power programme was designed by the Federal Government to drastically reduce youth unemployment. The focus is to...

A global online payment service provider "PayU" has been introduced in Nigeria with innovations that will continue to make the market more competitive. The PayU Payments Nigeria Limited with trading name as "PayU", according to its Country Manager, Juliet Nwanguma, is a recently established payment business in Nigeria and fully...

A former Chairman of the Economic and Financial Crimes Commission, EFCC, Mrs Farida Waziri has warned her predecessor, Nuhu Nuhu Ribadu against using her name anytime he needs public attention or sympathy. Her reaction was contained in a statement signed by her Personal Assistant, Ms Omolara Oluremi on Saturday in...