The Nigerian National Petroleum Corporation, NNPC, has called on Nigerians to remain calm as not resort to panic buying of petroleum products, as there will be no increase in petrol prices during the festive period. The NNPC, in a statement, said the ex-depot petrol price of N133.38 per litre and the pump price of N143/N145 […]
Continue Reading
Pan-African financial institution, United Bank for Africa (UBA) Plc has once again proven its leadership on the continent, as the Banker Magazine crowned UBA the “African Bank of the Year 2017”. This Banker Award is premier for Nigeria, as it marks the first time a Nigerian-headquartered bank will be wining the prestigious and highly coveted […]
Continue Reading
Independent Petroleum Marketers Association of Nigeria (IPMAN) in Lagos State have threatened to withdraw their services from Dec. 11 over NNPC’s breach of bulk purchase agreement to sell fuel to them at N133.28k per litre. The Lagos State Chapter of IPMAN, on Wednesday said it was set for a showdown with NNPC over irregular fuel […]
Continue Reading
Pan-African financial institution, United Bank for Africa (UBA) Plc, has continued to make waves and positive impact in the local and global financial industry earning more laurels and accolades. Last weekend, UBA carted away two key industry awards emerging the Winner of the 2017 Sectoral Leadership Awards – Financial Services (Banking) organised by the PEARL […]
Continue Reading
The African Development Bank, AfDB, said it has lunched a Presidential Youth Advisory Group, an initiative that will create 25 million jobs for youths. Akinwunmi Adesina, president of the bank said, the initiative would provide insights and innovative solutions for job creation for Africa’s youth as outlined in the Bank’s Jobs for Youth in Africa Strategy. […]
Continue Reading
The federal government of Nigeria has concluded plans to sell some key national assets like: Tafawa Balewa Square, the National Arts Theatre and some selected power plants under the National Integrated Power Projects. But the question is; why? An answer is given by the Director General of Budget Office, Ben Akabueze, who was quoted by […]
Continue Reading
Imported banana, with low prices, has flooded Abuja markets, raising concerns about the country’s food security, the livelihoods of banana farmers and traders as well as the health of consumers. An investigation by News Agency of Nigeria (NAN) at various markets and supermarkets in Utako and Maitama districts of Abuja on Tuesday revealed that the […]
Continue Reading
The Nigeria Deposit Insurance Corporation, NDIC, has revealed that bank loans in the country has risen to N2.4 trillion. NDIC said the economic challenges in the country made the level of non-performing loans in the Deposit Money Banks to rise by 50 per cent from N1.639tn in December 2016 to N2.424tn by September this year. The […]
Continue Reading
The Vice President of Nigeria, Yemi Osinbajo on Monday said payment of high electricity tariffs is inevitable for Nigerian electricity users. Prof. Osinbajo said this while speaking at the Sixth Presidential Business Forum held at the old Banquet Hall of the Presidential Villa, Abuja. The vice president’s media aide, Laolu Akande, quoted Mr. Osinbajo as […]
Continue Reading
Several international bankers have sounded a warning about the mega risks involved in embracing bitcoin, which this week soared to a new record high of more than $8,000. Six years ago, it traded for just one dollar. “It’s the exact definition of a bubble,” the head of Swiss banking giant Credit Suisse, Tidjane Thiam, warned […]
Continue Reading