archiveJanuary 2017

Trade between Nigeria and China stood at 9.5 billion dollars in 2016, Economic and Commercial Counsellor of the Chinese Embassy, Mr Zhao Linxiang, said on Saturday. Linxiang gave the figure at a dinner to host participants of different training courses in China in Abuja. The envoy said though bilateral relations...

The African Union will cease to recognize Yahya Jammeh as Gambia's president as of January 19, 2017, the date he is due to hand power to the winner of the December election, the AU's Peace and Security Council has said. This is according to Reuters report monitored by Business247 News...

To visit Delta, Bayelsa and Rivers States In further demonstration of President Muhammadu Buhari's readiness and determination to comprehensively address the Niger Delta situation, Vice President Yemi Osinbajo (SAN) will be visiting a number of oil communities across some Niger Delta States starting on Monday, January 16, 2017, when he...

L-R: Executive Director, Retail Banking, Skye Bank, Mrs. Markie Idowu, Mr. Seyi Akinmusire (winner of the N100, 000 MoneyGram ‘Receive and Win’ Promo), the Group Head, Retail Banking, Skye Bank, Ndubuisi Osakwe at the cheque presentation event at Skye Bank Head Office, over the weekend....

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...