Thursday, October 18, 2018

Oluseyi Awojulugbe

    Afreximbank lobbies Nigeria to increase shareholding

Afreximbank lobbies Nigeria to increase shareholding

The African Export-Import Bank (Afreximbank) says it is hoping that Nigeria will increase its shareholding in the bank.Benedict Oramah, president of the bank, made this known to journalists on Wednesday while addressing journalists on the sidelines of the ongoing annual meetings of the World Bank Group and International Monetary Fund (IMF)."Nigeria is still a major shareholder of the bank although [...]

0 comment Read Full Article
    Udoma: FG has released N460bn out of N9.12trn 2018 budget

Udoma: FG has released N460bn out of N9.12trn 2018 budget

Udoma Udo Udoma, minister of budget and national planning, says the federal government has released N460 billion as part of the funds for the implementation of the 2018 budget.Addressing journalists on Wednesday on the sidelines of the ongoing annual meetings of the World Bank Group and International Monetary Fund in Bali, Indonesia."N460 billion has been released for the 2018 budget," [...]

0 comment Read Full Article
    IMF says Nigeria’s economy doing poorly, cuts growth projection

IMF says Nigeria’s economy doing poorly, cuts growth projection

The International Monetary Fund (IMF) has cut the growth projections made for Nigeria saying the country's economy is doing poorly.Gian Maria Milesi-Ferretti, deputy director at IMF's research department made this known on Tuesday while addressing journalists at the ongoing annual meetings of the International Monetary Fund and World Bank Group in Bali, Indonesia.He said the aggregate growth rate of Africa is [...]

0 comment Read Full Article
    Venom, That Which Binds Us… 10 movies you should see this weekend

Venom, That Which Binds Us… 10 movies you should see this weekend

[...]

0 comment Read Full Article
    Zainab Ahmed: We’ll prosecute all those responsible for Skye Bank’s failure

Zainab Ahmed: We’ll prosecute all those responsible for Skye Bank’s failure

Zainab Ahmed, minister of finance, says all those responsible for the failure of Skye Bank will be prosecuted.The minister made this known on Friday when she paid a courtesy visit to the Nigerian Deposit Insurance Corporation (NDIC) in Abuja.The Central Bank of Nigeria had revoked the operating license of the bank saying it could no longer survive on its indefinite [...]

0 comment Read Full Article
    Teni, Mayorkun to join Niniola at ‘Human Radio Concert’

Teni, Mayorkun to join Niniola at ‘Human Radio Concert’

[...]

0 comment Read Full Article
    ALERT: You may be arrested, jailed for spraying naira notes at parties

ALERT: You may be arrested, jailed for spraying naira notes at parties

The Central Bank of Nigeria (CBN) and commercial banks have resolved to introduce mobile courts to arrest currency hawkers and people who spray at parties.Hamda Ambah, managing director, FSDH Merchant Bank, made this known on Thursday while briefing journalists on the resolutions of the Bankers' Committee."We are going to be disseminating information on the right way to handle the naira [...]

0 comment Read Full Article
    Tony Ojobo, NCC public affairs director, retires

Tony Ojobo, NCC public affairs director, retires

Tony Ojobo, public affairs director at the Nigerian Communications Commission, has retired.In a letter dated October 4, 2018, Ojobo said he will pursue other interests in retirement, including the completion of his doctoral program in Entrepreneurship and Leadership at Walden University, Minnesota, US.Chronicling his work, Ojobo said his work at the commission started in March 2000."My job at the Commission started [...]

0 comment Read Full Article
    NNPC reports $416m from June crude sales

NNPC reports $416m from June crude sales

[...]

0 comment Read Full Article
    CBN: Why foreign reserves are dropping

CBN: Why foreign reserves are dropping

The Central Bank of Nigeria (CBN) says there is no cause for alarm over the country's dwindling foreign reserves.Speaking in Abuja on Thursday, Isaac Okorafor, CBN spokesman, said the fall in reserves is due to a hike in interest rates by US Federal Reserve and the bank's interventions in the forex market"It’s also on social media that our reserves dropped [...]

1 comment Read Full Article
    ‘Lara and the Beat’ to be adapted into television series

‘Lara and the Beat’ to be adapted into television series

[...]

0 comment Read Full Article
    For the next 90 days, business registration will cost only N5,000

For the next 90 days, business registration will cost only N5,000

From October 1 to December 31st, business registration will cost N5000.According to a statement released on Tuesday, Vice President Yemi Osinbajo made the announcement in Enugu at the launch of the 19th edition of the Micro, Small and Medium Enterprises (MSMEs) Clinics.At present, business registration with the Corporate Affairs Commission (CAC) costs N10,000."It was observed during some of the earlier [...]

6 comments Read Full Article
    MTN ‘exploring other options’ in place of NSE listing

MTN ‘exploring other options’ in place of NSE listing

MTN Nigeria is exploring ways of getting the public to trade its shares without listing on the Nigerian Stock Exchange (NSE) via the initial public offering (IPO).Ralph Mupita, MTN's chief financial officer, said the company will not get a fair price for its shares under the current market conditions.MTN recently had a dispute with the Central Bank of Nigeria (CBN) [...]

0 comment Read Full Article
    Kanye West coming to record ‘Yandhi’ album in Africa

Kanye West coming to record ‘Yandhi’ album in Africa

[...]

0 comment Read Full Article
    Onyema: Nigerian airlines not working well because of govt policies

Onyema: Nigerian airlines not working well because of govt policies

Allen Onyema, the chief executive officer of Air Peace, says government policies are the reasons Nigerian airlines are not working well.The Air Peace boss commended President Muhammadu Buhari on the federal executive council's decision to suspend the national carrier project saying other countries are running from owning a national carrier."There is this talk that domestic airlines are not doing well. [...]

0 comment Read Full Article
    ICS CEO: Outsourced staff entitled to employee benefits

ICS CEO: Outsourced staff entitled to employee benefits

Peter Akindeju, the chief executive officer of ICS Sourcing, says it is not correct to think that outsourced staff are casual staff.Akindeju corrected the notion recently while addressing the press at the unveiling of a new name and logo for his company."Every employee outsourced is a full employee, entitled to medical insurance, contributory pension and annual leave. They also pay [...]

0 comment Read Full Article
Advertisement

 

Advertisement

Advertisement

Exchange Rates

October 15, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement