Less than a week after Lagos State Government directed all its Agencies, Ministries and parastatals to increase business relationship with Skye Bank,…
Economy
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Nigerian inflation accelerated to the highest rate in almost 11 years in June, complicating the task of the central bank in an…
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Guaranty Trust Bank, Stanbic IBTC and Keystone Bank have been queried by the Accountant General of the federation for violating the Treasury…
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The Nigeria Liquefied Natural Gas Limited (NLNG), today, appointed Mr. Tony Attah, as its Managing Director and Chief Executive Officer, to take…
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—we will make every naira countMinister of Finance, Mrs. Kemi Adeosun yesterday in Kano said that the federal government has identified over…
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A Federal High Court in Lagos, has halt the electricity tariff increment announced by the Nigerian Electricity Regulatory Commission, NERC. The judge,…
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BusinessEconomyMaritimeNews
Buhari fires Abdullai, appoints Ms. Hadiza as new Managing Director, NPA
President Muhammadu Buhari has appointed Ms. Hadiza Bala Usman, the founder of the Bring Back Our Girls Group as Managing Director of…
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Nigeria’s multi-billion dollar investment in the West African Gas Pipeline Company, WAPCO, is in jeopardy as management of the company, yesterday, raised…
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Nigeria’s advertising industry recorded media spend of N97.9 billion in 2015 against the N93.1 billion recorded in 2014; representing an increase of…
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Central Bank of Nigeria (CBN) has said that no bank in Nigeria is distressed. In a statement signed by its Acting Head…
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BusinessEconomyFinanceNews
Skye Bank’s New GMD Explains CBN Action, Assures Customers of Safety of Funds
The new Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Tokunbo Abiru, has affirmed the Central Bank of Nigeria’s (CBN) statement…
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Nigerian oil output rose last month following repairs to infrastructure that had been damaged by militant attacks. Nigeria pumped an average of…
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West Africa Container Terminal (WACT) and The APM Terminals Apapa Ltd are to provide weighing services to exporters. They have installed controls…
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A new Group Managing Director has been appointed for the Nigeria National Petroleum Corporation NNPC. He is Dr Maikanti Kacalla Baru. By…
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The Central Bank of Nigeria (CBN) has disclosed that the Nigeria economy is in recession as economic activities declined faster in June…