CBN Stops Forex Sales to Bureau De Change Operators
The Governor of the Central Bank of Nigeria disclosed after the Monetary Policy Committee two-day meeting in Abuja on Tuesday that the apex bank has stopped the sales of forex…
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Nigeria’s Elite Banks Gave out N50trn as Loans to Customers in 5 Years – Report
The top five elite banks in Nigeria have collectively lent out a total of N49.999 trillion (about $121 billion) as loans and advances to their numerous customers between January 2016…
Continue readingAnother Corruption Scandal Hits NNPC, Ex-Glencore Employee Admits Bribing Nigerian Officials
Another round of corruption scandal has rocked the Nigerian National Petroleum Corporation (NNPC), after a former employee of Glencore Commodity Trading Company, Anthony Stimler, pleaded guilty to bribing Nigerian government…
Continue readingNigerian stocks that are likely to pay interim dividends this year
It was a brief trading week as the Federal Government of Nigeria declared Tuesday 20th and Wednesday 21st July 2021 as Public Holidays to commemorate the Eid el-Kabir celebration. A…
Continue readingAfrica’s Richest Man, Aliko Dangote, completes new $1billion Edo Cement Factory
In a bid to increase the availability of cement at affordable prices nationwide, Africa’s richest man, Aliko Dangote, has completed his new cement factory at Edo State, worth approximately $1billion….
Continue readingDigital Currency: CBN Targets October for the Launch
The Central Bank of Nigeria (CBN) yesterday disclosed through its Director, IT Department, Mrs. Rakiya Mohammed during a private webinar that its much-anticipated digital currency will be launched on October…
Continue readingEroton Exploration And Production Company Limited- Invitation To Tender For Cawthorne Channel Gas Plant (CCGP) Analyzer System Revamping Contract
DEADLINE: 12TH AUGUST, 2021 EROTON EXPLORATION & PRODUCTION COMPANY LIMITED (EROTON) OPERATOR OF THE OML 18 ASSET RC1137060 TENDER OPPORTUNITY FOR CAWTHORNE CHANNEL GAS PLANT…
Continue reading$5bn Diasporan Remittances Wiped Off by COVID-19
The Federal Government has disclosed at a press briefing in Abuja on Thursday that COVID-19 pandemic has wiped off 20 per cent from the $25bn annual diasporan remittances to Nigeria….
Continue readingRetailers, Customers Lament as Cooking Gas Price Soars to N500/kg
Price of Liquefied Petroleum Gas, otherwise known as cooking gas, has skyrocketed to a record high of N500 per kilogramme. This development has forced some Nigerians to turn to alternatives…
Continue readingCheck out 10 Nigerian stocks that returned over 50% in the First Half of 2021
The Nigerian economy just like every other economies experienced a difficult spell due to a devastating impact of the Covid-19 pandemic. Even the most sophisticated and industrialized countries were not…
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