Business

BABJIDE OKEOWO Central Bank of Nigeria (CBN) has issued an order to all Deposit Money Banks (DMBs) in the country to start implementing the new cheque standard from September 1, 2019. According to CBN, in line with the new cheque…

EMEKA OKOROAYAWU Maritime Workers Union of Nigeria (MWUN) has vowed to close down the country’s sea ports on Wednesday over failure of International Oil Companies (IOCs) to pay dockworkers employed by stevedoring contractors appointed by…

EMEKA OKOROANYANWU Nigeria Employers’ Consultative Association has again expressed concern at the unsustainable fuel subsidy regime and the burdensome debt profile of the country. Director-General, Timothy Olawale said that the…

Banks in the country have successfully linked 38 million accounts with the Bank Verification Numbers (BVNs), according to the Central Bank of Nigeria. As part of its financial inclusion drive, the CBN said it was targeting 100 million…

EMEKA OKOROANYANWU Standard and Poor’s (S&P) Global Ratings has affirmed its ‘B/B’ issuer credit ratings on Access Bank Plc, saying also that the bank’s outlook remains stable. S&P also affirmed its ‘ngA/ngA-1’ Nigeria national…

Governor of Central Bank of Nigeria (CBN), Godwin Emefiele last week unfurled a five-year policy thrust that would support the country’s macro-economic stability and growth.  Areas of emphasis in the Emefiele plan,…

EMEKA OKOROANYAWU Nigeria is set to export about 905,000 barrels of crude oil per day (bpd) to Europe this month, the most since a  five-year high of about 1 million bpd in November. The expected massive shipment follows outages at the…

Since 2006, Nigeria has struggled to no end to meet the deadline for the International Telecommunications Union, ITU, sanctioned Digital Switch-Over. Thrice, the country has set deadlines, thrice the deadline has not been met. The process…

Five Nigerian students drawn from secondary schools across the country have been selected to represent Nigeria at the next First Global Robotics Olympics (GRO) in Dubai in October. Mrs Remi Willoughby, Chief Executive Officer, Roboglobal…

The Central Bank of Nigeria (CBN) on Friday injected the sum of 242.04 million dollars into the retail Secondary Market and 32.3 million Chinese Yuan CNY in the spot and short tenured segment of the inter-bank foreign market. The Bank’s…