Category: Business

CBN Confirms MTN Repatriated US$8,1bn Between 2007 and 2015

As previously communicated, the Central Bank of Nigeria has alleged improper repatriation by MTN Nigeria Communications Limited (“MTN Nigeria”) of US$8,1...

Borno Gov. Proposes N125.8bn for 2019 Fiscal Year

Governor Kashim Shettima of Borno State has presented ‎an appropriation bill of N125.8 billion to the State Assembly for 2019 fiscal year. Against the trend in recent...

Customs Intercepts 5000 Bags of Contraband Rice in Akwa Ibom/C’River States 

BY EDIDEM UYA in Calabar• The Nigerian Customs Service has announced the seizure of about 5662 bags of contraband rice in Akwa Ibom and Cross River States. This is in...

Akwa Ibom Govt Plans to Establish Pharmaceutical Company 

BY EDIDEM UYA in Calabar• The Akwa Ibom State government has said it will soon establish a Pharmaceutical company in the state. A plan for the company, which is...

GE Shares Surge after JP Morgan Analyst who Says Stock’s Bottom is Near

A J.P. Morgan analyst who has been long bearish on General Electric upgraded the embattled industrial giant’s shares on Thursday, saying GE now has a more...

Cultural Tourism Still Driver for Socio-economic benefits, Says Minister

The third cultural tourism conference organized jointly between the United Nations World Tourism Organization (UNWTO) and the United Nations Educational, Scientific and...

Heritage Bank receives award for improving “Young Business Owners in Nigeria

Heritage Bank Plc, has been awarded for its Outstanding Contributions toward improving the lives of Young Business Owners in Nigeria at the 5th Anniversary Ceremony of...

Osinbajo launches AfDB funded $258m landmark northeast recovery Programme

The African Development Bank and the Federal Government of Nigeria have launched the Inclusive Basic Service Delivery Livelihood Empowerment Integrated Programme a $258...

Moody’s assigns provisional (P)B2 rating to Access Bank Plc’s senior unsecured notes

Moody’s Investors Service (Moody’s) has assigned provisional ratings of (P)B2 to Access Bank Plc’s (Access) proposed issuance of up to N15 billion...

FG, AfDB Plan  $500m Innovation Fund for ICT

Vice President, Prof. Yemi Osinbajo, Monday, said the Federal Government is working with African Development Bank (AfDB) to establish a 500-million-dollar innovation...