Business

CBN retains interest rates, warns banks against money laundering
Bank’s Business Business News CBN Central Bank of Nigeria money laundering

CBN retains interest rates, warns banks against money laundering

CBN office The Central Bank of Nigeria (CBN) has retained its more than two-year Monetary Policy Rate (MPR) to close the 2018 fiscal calendar. The decision was reached at the end of its Monetary Policy Committee (MPC) meeting yesterday in Abuja. The MPR, which is the interest rate at which […]

FG to use ICT to boost economic diversification
Business Communications FG ICT Mrs. Nkechi Ejele

FG to use ICT to boost economic diversification

[FILE PHOTO] ICT<br />Photo: Odd Hill Mrs. Nkechi Ejele, the Permanent Secretary in the Federal Ministry of Communications, says the Federal Government is committed to using ICT to boost productivity and economic diversification. Ejele said at the opening ceremony of the sixth Regular Meeting of the National Council on Communication […]

CRD revokes licences of 30 courier operators
Business Communications Courier Regulatory Department CRD Dr. Ishaya Diwa

CRD revokes licences of 30 courier operators

[FILE PHOTO] Courier service The Courier Regulatory Department (CRD) of the Nigerian Postal Service (NIPOST) has revoked licences of 30 courier companies in the country, according to Dr. Ishaya Diwa, general manager, CRD,. Diwa said that the licences of the companies were revoked because the operators were not complying with […]

It’s a movement! Femfunds hosts Over 1000 female entrepreneurs in Lagos
Afua Osei Arese Ugwu Business Business News Chika Uwazie Chinny Ogunro Femfunds Glory Osei LandLagos Moe Odele Oluwatosin Olaseinde Tosin Durotoye

It’s a movement! Femfunds hosts Over 1000 female entrepreneurs in Lagos

It was a large gathering of female entrepreneurs in Nigeria last Saturday when Femfunds played host to more than 1000 women at its Femfunds 2.0 workshop. The workshop with the theme: Knowledge, Food, and Music was held at the Landmark Event Center in Victoria Island, Lagos. Speakers at the event […]

Pound plunges as UK ministers quit over Brexit deal
Brexit Britain Business Business News Dollar Euro Pound

Pound plunges as UK ministers quit over Brexit deal

FILE PHOTO: British five pound banknotes.November 14, 2017. REUTERS/Benoit Tessier/File Photo The pound plunged against the dollar and euro Thursday after ministers, including Britain’s Brexit secretary Dominic Raab, quit in protest against a draft deal to exit the EU. The latest market gyrations came as the nation’s business sector gave […]

ASHON parleys Mauritius firm on capacity building, others
Acoyvis Limited ASHON Association of Stock broking Houses of Nigeria Business Business News Mauritius Patrick Ezeagu

ASHON parleys Mauritius firm on capacity building, others

Association of Stockbroking Houses of Nigeria (ASHON)<br />Photo: ashonng The Association of Stock broking Houses of Nigeria (ASHON), in an exploratory move, is seeking partnership with a leading Mauritius-based, information and communications technology ( ICT) company, Acoyvis Limited.      Acoyvis has proposed an international workshop for ASHON to address global […]

How Nigeria’s economic woes hobble continental integration
AfCFTA Afreximbank Babtunde Fashola Business Business News

How Nigeria’s economic woes hobble continental integration

• AfCFTA’s $80 billion deals in three years at stake • Afreximbank to raise trade integration projects to $25b Nigeria’s economic structure, dominated by commodities and primary products offerings, with a slow-paced, but painful infrastructure development strategy, is now running against its plans to participate in the continent’s market integration […]

Dangote takes Blockmaster cement to Edo, Delta states
Business Business News Dangote Cement Company Joseph Makoju

Dangote takes Blockmaster cement to Edo, Delta states

Dangote Dangote Cement Company has launched its new Portland limestone product, known as BlocMaster, a 42.5R grade cement designed for block moulding and all concrete needs in Edo and Delta State respectively. Addressing distributors, block moulders and building contractors, in Benin City, the state capital, the Group Managing Director, Dangote […]

‘We must step up regulations for technology-driven process’
Business Business News Mary Uduk Securities and Exchange Commission

‘We must step up regulations for technology-driven process’

Uduk Mary Uduk is the Acting Director-General of Nigeria’s Securities and Exchange Commission (SEC). The unassuming professional, whose concern is about repositioning the capital market as a resort for investment financing for the private and public sectors, told the Assistant Editor, Finance/Economy, CHIJIOKE NELSON, that it was time to step up regulations in […]

Disbursements for multi-billion naira projects in agric sector
Business Heritage Bank Ifie Sekibo Money NYPF TAAL YEBTP

Disbursements for multi-billion naira projects in agric sector

Chief Executive Officer, Ifie Sekibo At the dawn of the fall from economic royalty, once enthroned by oil fortunes, Nigeria realised the potential inherent in agriculture and pursued with projects worth billions, in efforts to boost growth through import substitution goals. Of course, food production is a major challenge all […]

CIIN to canvass value creation at education seminar
Business Business News CIIN NEM Insurance Rufus Olubunmi Olumide Yeside Oyetayo

CIIN to canvass value creation at education seminar

Rector of College of Insurance and Financial Management, Dr. Yeside Oyetayo The Chartered Insurance Institute of Nigeria (CIIN) is set to treat stakeholders to a wholesome learning experience at its education seminar scheduled to hold between‪ November 7 and 9, 2018‬, in Oyo State. The seminar, which has been aptly themed: “Increasing […]