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CBN approves six companies for dairy products importation

The Central Bank of Nigeria (CBN), has approved six dairy companies operating in the country for the importation of milk products and its derivatives.
Edo State Governor Godwin Obaseki, has asked the Peoples Democratic Party to show proof of allegations that the state treasury is empty.

Governor Obaseki: Digital economy is Nigeria’s most promising alternative to oil

The Edo State Governor, Mr Godwin Obaseki has called for the adoption of smart Information and Communication Technology (ICT) tools and solutions as an alternative to oil in diversifying the Nigerian economy, warning that the country will not develop if the bulk of the country’s savings is still tied to buying foreign exchange for importation.
Angola has reached out to a number of countries for help in recouping funds lost to corruption in the past, the country’s minister of state for economic coordination, Manuel Jose Nunes Junior, said yesterday.

Angola reach out to other countries in corruption crackdown

Angola has reached out to a number of countries for help in recouping funds lost to corruption in the past, the country’s minister of state for economic coordination, Manuel Jose Nunes Junior, said yesterday.
A former banker, Seye Onigbinde, has been arrested by men of the Lagos State Police Command for allegedly defrauding 354 Nigerians to the tune of over N500m in illegal foreign exchange deals.

Ex-banker ‘defrauds’ 354 Nigerians of over N500 million

A former banker, Seye Onigbinde, has been arrested by men of the Lagos State Police Command for allegedly defrauding 354 Nigerians to the tune of over N500m in illegal foreign exchange deals.
The trial of suspected internet fraudster Ismaila Mustapha alias Mompha started today while he was admitted to bail.

EFCC resumes ‘N33 billion fraud trial’ of Mompha

The N32.9 billion fraud trial of alleged internet celebrity, Ismaila Mustapha (alias Mompha), on Wednesday, continued before a Federal High Court in Lagos State.

Cowry Asset: Forex market to witness stability in 2020

The foreign exchange (forex) market will witness stability in 2020, while the Central Bank of Nigeria (CBN) will continue to sustain its Open Market Operation (OMO) sales at high interest to continue to attract foreign investors.

NDPR refining capacity hits 5,000 bpd

The Niger Delta Petroleum Resources Limited (NDPR), a subsidiary of Niger Delta Exploration & Production Plc (NDEP), has increased its diesel topping refining plant from 1,000 barrels per day (bpd) to 5,000 bpd in its effort to guarantee energy sufficiency in Nigeria.

$600 million steel plant to create 3,000 jobs, save forex

The Group Managing Director, African Industries Group, Mr. Alok Gupta, on Thursday said Nigeria will gain a lot from the company’s huge $60 0million steel plant in Kaduna State.
The trial of suspected internet fraudster Ismaila Mustapha alias Mompha started today while he was admitted to bail.

Mompha’s ‘N33 billion money laundering’ trial resumes January 15

A Federal High Court in Lagos on Wednesday fixed January 15, 2020 to resume the alleged N33bn money laundering trial of a suspected internet fraudster Ismaila Mustapha, alias Mompha.
Success in the foreign exchange market largely depends on the strength of forecasting skills. Here are the main factors influencing the dynamics of Forex.

Discover effective methods of prediction in the Forex market

Success in the foreign exchange market largely depends on the strength of forecasting skills. Here are the main factors influencing the dynamics of Forex.

Central bank targets forex earnings from artificial intelligence, software development

Briefing the media Saturday in Ogere, Ogun State, after the Bankers’ Committee Retreat, the CBN Governor, Mr Godwin Emefiele, said the initiatives are in consonance with theme of the event, ‘Delivering increasing Growth through Digital Finance for the Nigerian Economy.’

NAICOM okays new directors for standard alliance insurance

The National Insurance Commission (NAICOM) has approved the appointment of Haruna Mohammed and Uzoma Igbonwa as the nonexecutive directors for Standard Alliance Insurance Plc.

Border closure: Are Babalola urges Nigerians to endure pains in national interest

The Founder, Afe Babalola University, Ado Ekiti (ABUAD), Chief Afe Babalola (SAN) has implored Nigerians to endure the economic hardship brought by the partial closure of land borders in the country’s interest.
Mary Uduk

SEC assured on development of vibrant commodities trading ecosystem

The Securities and Exchange Commission (SEC) says the commission is committed toward ensuring that the commodities trading ecosystem in the country becomes vibrant to contribute to economic development.
South Africa Football Association (SAFA), have finally received the R15-million prize money the South Africa national team earned at the Africa Cup of Nations.

South Africa FA receives $1 million AFCON money

South Africa Football Association (SAFA), have finally received the R15-million prize money the South Africa national team earned at the Africa Cup of Nations.

Godwin Emefiele: CBN’s unconventional growth policy paying off

Central Bank of Nigeria Governor, Godwin Emefiele, has said that ensuring price stability and growing the nation’s economy through unconventional policy is paying off.

Godwin Emefiele: Edo can generate 200,000 jobs from palm oil

The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, said on Friday Edo State can generate more than 200,000 jobs and millions of dollars in foreign exchange from cultivation and palm oil processing.
Abubakar Malami

Federal government urges youth on automotive industry

The Federal Government has advised youths to leverage their creativity and potential to the nation’s automotive industrial creation.

Recent Stories

NPFL: Lobi Stars thrashed 4-0 by Wikki Tourists in Bauchi

Wikki Tourist threw a spanner at the wheels of the league title chances of Lobi Stars following their 4-0 bashing of Gbenga Ogunbote’s men in Bauchi on Sunday.

14-year-old boy arrested for stabbing student to death

A 14-year-old boy has been arrested and charged in the stabbing death of a New York university student, authorities said Saturday, in a case that is being closely watched due to its racial dynamics.
Yekini Nabena

Bayelsa guber: APC insist on fresh election

Yekini Nabena, Deputy National Publicity Secretary of the All Progressives Congress (APC), has said the profuse commendation that issued from the PDP to the Supreme Court and the Independent National Electoral Commission (INEC) following the judgement nullifying the victory of candidate of the APC has given out the main opposition party as double faced and fraudulent.
Timipre Sylva

Bayelsa guber: Supreme Court verdict provocative – minister

Minister of State for Petroleum Resources, Chief Timipre Sylva, yesterday, described the Supreme Court judgement that declared the candidate of the People’s Democratic Party, PDP, as winner of the Bayelsa State governorship election as provocative, while he called on the people of the state to eschew violence and remain calm.
Sadio Mane struck as Liverpool overcame Storm Dennis and feisty basement club Norwich to extend their lead at the top of the Premier League table to 25 points on Saturday.

Joe Gomez: Sadio Mane lifts Liverpool and psychologically hurts opponents

Joe Gomez says Sadio Mane's presence provides Liverpool with a big boost in confidence while also psychologically damaging their opponents after the winger's winning goal against Norwich on Saturday.