archiveJanuary 13, 2017

Participants in the Mavrodi Mondial Movement (MMM) on Friday were put in a happy mode as the money-spinning venture promoters announced its resumption, one day earlier than the scheduled date, after one month break that left them in suspense. Business 247 News Online gathered MMM promoters in a message to...

Trading on the Nigerian Stock Exchange (NSE) closed the week on a negative note as All-Share Index dropped 0.02 per cent to close at 26,325.93 basis points Investors thus lost N1.5 billion on Friday as market capitalization settled at N9.058 trillion. Market breadth, however, improved as 20 companies recorded gains...

The Central Bank of Nigeria (CBN) has no plans to devalue the naira, the head of a money changers’ body said after meeting policy makers, according to Bloomberg report. Officials are “not looking at devaluation” as rising oil prices boost reserves, according to the Association of Bureaux De Change Operators...

The National Bureau of Statistic (NBS) has said that inflation rate increased to 18.6 per cent in December 2016, 0.07 per cent above 18.48 per cent recorded in November. During the month, the Bureau said hikes were seen in housing, water, electricity, gas and other fuels, clothing and footwear and...

Heritage Bank Plc has disclosed plans to revolutionise the agricultural value-chain field, particularly the rice farming that will enhance agribusiness and aid economic development through its direct participation in the much lauded Anchor Borrowers’ Programme (ABP) of the Central Bank of Nigeria. Group Head, Agriculture Finance, Heritage Bank, Olugbenga Awe,...

  There are indications that a total number of 6,488 Point of Sales (PoS) merchants in the country have stopped using the terminal as a result of the excess charges imposed by the regulatory body. It will be noted that there was a total number of declined from 142,814 in...

By Abdul Olalekan Sovereign Trust Insurance (STI) Plc has paid N1 billion as claims in the third quarter of 2016. The company, in a statement made available to Business 247 News Online on Friday, promised to continue to pay genuine claims as and when due. Giving the breakdown of the...

Many Nigerian who are members of the global Ponzi scheme – Mavrodi Mondial Moneybox, otherwise known as MMM, are worried of what is ahead of them even as Saturday, January 14, the date set by the scheme founders to lift the current ban placed on deposits  approaches. Business247 News Online...

Targets N2.5b monthly IGR from December 2017 Abia State government on Thursday said it had commenced the process of disbursing the N5.3 billion Paris Club refund for payment of arrears of salaries owed Abia workers. The State Commissioner for Finance, Mr. Obinna Oriaku disclosed this in an interview with journalists...