Business News

Naira may appreciate to N300 per dollar BDC operator

A Bureau De Change (BDC) operator, Mr Harrison Owoh, on Monday predicted that the Naira might appreciate to N300 against the dollar within a week. Owoh said the CBN’s directive to banks to sell $30,000 to BDCs weekly could be responsible for the imminent gain against the dollar. In an interview in Lagos, the Managing Director, H J Trust and ...

Read More »

Ekiti rejects grazing reserves, opts to establish ranches

By Sunday Aloba, Ado Ekiti Ekiti State Government has rejected any planned moves by the Federal Government to establish grazing reserves in the state, rather it has opted to establish cattle ranches across the three senatorial districts of the state. This was made known to the media on Wednesday by the member representing Ikole State Constituency 1, Hon. Gboyega Aribisogan ...

Read More »

UK launches 24-hour visa service in Nigeria

The United Kingdom has launched Super Priority Visa Service in Nigeria, which the High Commission in the country stated is to allow customers to process their applications within 24 hours. According to a statement on its website, the High Commission said the new service was to particularly meet the needs of those who required urgent service to travel. The statement ...

Read More »

‘Forex allocation for Hajj pilgrims predates current fiscal adjustment’

By Abimbola Fashakin, Lagos The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele has reacted to criticism trailing the decision of the apex bank to sell the Dollar to Muslim pilgrims at N197.

Read More »

Buhari laments wastage in animal husbandry value chain

By Wahab Akanji, Abuja President Muhammadu Buhari has decried the culture of waste foisted on the country, due to lack of means of preservation of agricultural products. He spoke while receiving in audience, the Global Chief Executive Officer of Friesland Campina, The Netherlands, Mr Roelf Joosten, at State House, Abujaon Tuesday. Specifically, the President Buhari lamented the situation in which ...

Read More »

Sale of kerosene at 150 per litre excites NUPENG

By Abimbola Fashakin, Lagos The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has expressed delight that Nigeria National Petroleum Corporation (NNPC) has fixed the official depot price of kerosene at the rate of N150 per litre. Speaking the media over the weekend, the South-West Chairman of the union, Alhaji Tokunbo Korodo said the new price regime will encourage ...

Read More »

Oil marketers drum up support for Buhari’s policy on petroleum pricing

By Abimbola Fashakin, Lagos National President, Independent Petroleum Marketers Association of Nigeria (IPMAN), Chief Lawson Obasi has called on members to support Federal Government policy on liberalisation  of petroleum industry for the advancement of the country. Addressing newsmen in Lagos, Lawson said, “I want to say that the Federal Government policy on the liberalisation of the petroleum industry that we ...

Read More »

Med-view Airline acquires new aircraft for Lagos-London route

By Abimbola Fashakin, Abuja Domestic operator, Medview Airlines has switched airplane operating its Lagos-London route with B737-300ER to its newly acquired B747-400 aircraft. 

Read More »

Sterling Bank moves to raise N35bn from capital market

By Abimbola Fashakin, Lagos ‎The management of Sterling Bank Plc. has expressed the desire of the bank to raise the sum of N35 billion by the second half of 2016.

Read More »

Agric loan: CBN orders banks to start account verification of farmers

By Abimbola Fashakin, Lagos The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to begin Bank Verification Number (BVN) registration of farmers under the Federal Government’s  Anchors Borrowers’ Programme (ABP).

Read More »