The Xbox One — is a new generation of consoles from Microsoft. Its main competitors among game platforms of eighth generation are PlayStation 4 by Sony Computer Entertainment and Wii U by Nintendo. Among main Xbox One features we can mention the support of Kinect 2.0 and support of applications compatible with Windows operating systems, […]
Continue ReadingThe Central Bank of Nigeria (CBN), has introduced a new forex regime, one purely determined by market forces. Bellow is the full speech of the CBN governor, introducing Nigeria’s Flexible Exchange Rate Market. Re-introducing and Operationalizing Nigeria’s Flexible […]
Continue ReadingThe Central Bank of Nigeria (CBN) is suggesting that the new band for the naira, pending the direction of market forces, will be between 260 and 270 to the dollar. Godwin Emefiele, the CBN governor, had said the position of the naira will be driven by market forces, but in a new document uploaded by […]
Continue ReadingThe Central Bank of Nigeria (CBN) is set to release new foreign exchange guidelines on Wednesday, June 15, 2016.The apex bank made the announcement via its Twitter account on Tuesday night. In the tweet, the Bank said: “CBN set to release new Guidelines on flexibility in the Foreign Exchange Market structure on Wednesday, June 15, […]
Continue ReadingThe House of Representatives has summoned Minister of Justice and Attorney-General of the Federation, Abubakar Malami, for explanation on the reduction of fine imposed on MTN Nigeria. Also to appear with the minister before the lawmakers are his Communications counterpart, Alhaji Adebayo Shittu and the Executive Vice-Chairman, Nigerian Communications Commission (NCC), Prof. Garba Dambatta. Chairman, […]
Continue ReadingNigeria’s Minister of state for Petroleum Resources, Ibe Kachikwu, has disclosed that President Muhammadu Buhari is yet to allocate oil bloc, but when he eventually starts allocating, south-south skilled indigenes will have their share. Speaking at a town hall meeting in Uyo, capital of Akwa-Ibom state, organised by the ministry of information and culture, the minister […]
Continue ReadingThe Minister of Power, Works and Housing, Mr Babatunde Fashola, on Monday advised Distribution Companies (DISCOs) to patronise local meter manufacturing companies in the country. He gave the advice while inaugurating the Mass Meter Deployment programme in Kano on Monday. The minister said such patronage was necessary to encourage the production of meters by the […]
Continue ReadingThe Sub-committee on Payments Systems and Infrastructure of the Bankers Committee, last week sent a proposal to the Central Bank of Nigeria (CBN), seeking to limit over the counter cash withdrawal by bank customers to N10,000. The proposal was presented at the committee’s meeting but it is not clear whether it was considered. The CBN […]
Continue ReadingThe Teslim Balogun Stadium will on Friday, June 10, 2016 host the finals of the GTBank-Lagos State Principals Cup; the biggest grassroots soccer competition in West Africa. Now in its 7th year, this season’s finals promises to be an exhilarating encounter between two teams as they stake their claim as ultimate champions of the prestigious […]
Continue ReadingThe senate has decided to summon Chris Ngige, minister of labour and employment, over his threat to withdraw the license of any bank that retrenches its staff. Raising the issue on the floor of the senate on Wednesday, Rafiu Ibrahim, chairman senate committee on banking, insurance and other financial institutions, hinted the decision of the […]
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