BUSINESS
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CBN injects $186m into SMIS
Following Tuesday’s assurances by Godwin Emefiele, the CBN says it will continue to intervene in the foreign exchange market, as…
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PHED attributes blackout to facility shutdown
The Port Harcourt Electricity Distribution Company (PHED) on Wednesday said the electricity blackout in Akwa Ibom, Bayelsa, Cross River and…
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Lagos concludes plan to relocate Computer Village
The Lagos state government has concluded plans to relocate the popular Computer Village from Ikeja, before the end of 2017.…
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Nigeria should be out of recession by 3rd quarter- Emefiele
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says the country should be out of recession by the…
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FMDQ OTC records ₦13.42tn turnover
FMDQ OTC Securities Exchange recorded ₦13.42tn worth of transactions in fixed income and currency markets in March. This is contained…
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Senate to pass petroleum bill soon – Lawmaker
Sen. Clifford Odia (PDP-Edo Central) on Monday said that the Senate would soon pass the Petroleum Industry Bill. Odia gave…
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Fashola’s power sector plan is realistic, says World Bank
The World Bank and some multilateral agencies in Washington have applauded Babatunde Fashola’s power sector recovery plan, offering financial support. According…
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SON impounds substandard products worth N150m in 2016
The Standards Organisation of Nigeria (SON) on Sunday said it confiscated substandard goods worth N150 million in the southwest region…
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CBN Suspends Nationwide Cashless Policy, Creates FX Window for Investors, Exporters
The Central Bank of Nigeria (CBN) has once again suspended the nation-wide implementation of the cashless policy which commenced this…
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Fear sparked among passengers as 2 Air Peace aircraft collide at Lagos airport
Two Air Peace aircraft on Thursday collided at the departure ramp of Murtala Muhammed Airport in Lagos. One of the…
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