archiveJanuary 2017

Urges Nigerians to stop panic buying of petroleum products Nigerian National Petroleum Corporation (NNPC) has enjoined motorists in Abuja and its environs, and indeed the federation, not to engage in panic buying of petroleum products as the country is not planning to increase in the prices of petroleum products. NNPC...

The Board of Directors, Wema Bank Plc. has appointed Ademola Adebise as the Deputy Managing Director of the bank. The board announced this at a retreat held recently in Lagos. The Central Bank of Nigeria (CBN) has now approved the appointment. In a letter to the bank, the CBN said...

By Abdul Olalekan The Pension Transitional Arrangement Directorate (PTAD) will soon commence pension verification exercise for Nigerians in the Diaspora. Executive Secretary, PTAD, Mrs Sharon Ikeazor, who gave the hint when she visited the Senior Special Assistant to the President on Foreign Affairs and Diaspora, Hon. Abike Dabiri-Erewa, in Abuja,...

Loans to banks by the Central Bank of Nigeria (CBN) dropped sharply last week by 3.8 per cent to N168 billion. Busiesss247 News Online revealed that lending to banks through the CBN’s Standing Lending Facility (SLF) dropped from N174 billion the previous week Thursday to N168 billion at the close...

By ABDUL OLALEKAN Economic experts are expected to converge in Lagos to discuss and proffer solutions to social and economic challenges facing African countries, especially Nigeria. The experts, who will be led by a renowned scholar and Professor of African Economies at Oxford University, U.K, Professor Paul Collier, will discuss...

The Nigerian equities market closed lower for the second consecutive session, with the All-Share Index declining by 0.12 per cent to close at 26,247.02 basis points, as  against 26,278.20 basis point it opened Wednesday trading. Today’s bearish performance increased the Year-to-Date loss to 2.34 per cent, attributable to volatile, given...

Wema Bank Plc. has launched a new mobile branch “Wema Bank on Wheels” which will be operating on solar power in order to be accessible to everyone in all parts of the country. The new truck where normal branch services are offered is also fitted with two automated teller machines...

Buhari's economic recovery growth plan to be launched soon Empowerment of Nigerians is at the heart of the Social Investment Programmes of the Buhari administration,  though it also has a social welfare component to help the people survive as they are being empowered, Vice President Yemi Osinbajo (SAN) has said....

...says Sylva takeover rumour is totally false ...it’s a ploy to heat up the polity, create insecurity The Peoples Democratic Party (PDP) in Bayelsa State has condemned in strong terms, the rumours making the rounds that the Supreme Court has reversed its decision on the state governorship election. A statement...

Second in Nigeria in months Africa's richest man Aliko Dangote has shut his new tomato paste plant in Nigeria due to a shortage of dollars needed to import raw materials, a senior executive said, the second such closure in months in a blow to official plans to diversify the economy....