Sunday, November 18, 2018
Advertisement
    US, UK say MTN’s troubles discouraged potential investors

US, UK say MTN’s troubles discouraged potential investors

John Bray, US consul general, and Laura Beaufils, British deputy high commissioner to Nigeria, say the issues faced by MTN in recent times sent bad signals to foreign investors.The US and UK envoys made the assertion on Thursday on the sidelines of a conference organised by the Lagos Chamber of Commerce and Industry (LCCI) during the 2018 Lagos International Trade [...]

1 comment Read Full Article
    Finance ministry: We’re not aware of alleged $3.5 billion subsidy fund

Finance ministry: We’re not aware of alleged $3.5 billion subsidy fund

The federal ministry of finance has denied knowledge of a $3.5 billion fund allegedly kept and utilised by the Nigeria National Petroleum Corporation (NNPC) for fuel subsidy.Mahmoud Isa-Dutse, permanent secretary, gave the ministry’s position when he appeared before the senate ad hoc committee probing the allegation in Abuja on Thursday.Isa-Dutse’s claim appeared to corroborate Maikanti Baru, the group managing director [...]

0 comments Read Full Article
    Atiku will reduce petrol pump price to N90 per litre, says PDP

Atiku will reduce petrol pump price to N90 per litre, says PDP

The Peoples Democratic Party (PDP) says its presidential candidate will reduce the cost of premium motor spirit (PMS), popularly know as petrol to N87-N90 per litre.In a statement by Kola Ologbondiyan, spokesman of the Peoples Democratic Party (PDP) on Thursday, the party said former vice-president Atiku Abubakar had consulted with international players in the oil industry and found that the [...]

1 comment Read Full Article
    Aquitane: We’re not owing AMCON

Aquitane: We’re not owing AMCON

Aquitane Oil and Gas Limited says it is not indebted to the Assets Management Corporation of Nigeria (AMCON).In a letter sent to TheCable and signed by Ikechukwu Okolo, its managing director, the company said its name was erroneously included in the list of 105 delinquent debtors published by AMCON."We wish to draw to your attention to this publication and at [...]

0 comments Read Full Article
    Nigeria’s foreign reserves fall by $2.2bn in Oct — biggest monthly drop since 2015

Nigeria’s foreign reserves fall by $2.2bn in Oct — biggest monthly drop since 2015

Defending the naira has become more expensive as Nigeria's foreign reserves declined by $2.2 billion in October 2018 alone -- the largest monthly drop since 2015.Data from the Central Bank of Nigeria (CBN) has shown that the reserves shed $2,243,157,059 in October, moving from $44,305,099,104 on the last working day of September to $42,061,942,045 as at October 30, 2018.The country's foreign [...]

0 comments Read Full Article
    FG approves national leather policy

FG approves national leather policy

The federal executive council has approved the Nigerian leather policy, aimed at boosting the business opportunities in the leather sector.Ogbonnaya Onu, minister of science and technology, says the policy can generate $900 million if well harnessed.Onu said the leather industry generated $921million for the government in 2013, a feat that can be replicated."We resolved to harness the national leather and [...]

0 comments Read Full Article
    Our online portal is secure, says Arik

Our online portal is secure, says Arik

Arik Air has reassured its customers that its online portal is secure.This follows a report that data belonging to the airline’s customers between December 2017 and March 2018 was leaked.Justin Paine, head of trust & safety at Cloudflare, had said he discovered massive leak from the airline’s customer database during a routine search for “open, exposed, or vulnerable Amazon S3 [...]

0 comments Read Full Article
    ALERT: Did you book an Arik flight online in 2017? Your data might have leaked

ALERT: Did you book an Arik flight online in 2017? Your data might have leaked

If you flew Arik Air between December 31 and March 16, 2017, then your data might have been compromised.On Wednesday, Justin Paine, head of trust & safety at Cloudflare, announced that he uncovered a data leak of the airline during a routine search for “open, exposed, or vulnerable Amazon S3 buckets”.An Amazon Simple Storage Service (Amazon S3) bucket is a [...]

0 comments Read Full Article
    Nigeria drops on World Bank’s Ease of Doing Business ranking

Nigeria drops on World Bank’s Ease of Doing Business ranking

Nigeria has dropped a spot on the latest World Bank Ease of Doing Business ranking.The bank released the report themed 'Doing Business 2019: A Year of Record Reforms, Rising' on Wednesday.In the 2017 edition of the report, Nigeria moved 24 places from its 2016 spot of 169 to 145.In the 2018 edition, Nigeria ranked 146. Mali took Nigeria's 2017 spot.The [...]

0 comments Read Full Article
    Computer Village businesses need help, says Mojoy Computers CEO

Computer Village businesses need help, says Mojoy Computers CEO

Nike Shittu, the chief executive officer of Mojoy Computers Limited, says small and medium enterprises in Computer Village, Ikeja, need help.Computer Village in Ikeja, Lagos, is commonly regarded as Nigeria's largest technology market."We need help within that cluster, and I don't think that we can be seen from afar by the Federal Government alone. I think that there are bodies [...]

0 comments Read Full Article
Advertisement
Advertisement
Advertisement

Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement