Category: Money

BUA Cement to Establish Ultra Modern Cement, Power Plant in Adamawa

BUA Cement, one of West Africa’s largest cement companies, is set to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk and Lamurde local…

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Nigeria’s National Assembly Indicted Of Gross Violations in various Accounting records, Auditor-General queries over alleged N2bn mismanagement

The 2015 audit report prepared by the office of the Auditor-General for the Federation which is currently being considered by the Senate Public Accounts Committee has indicted the National Assembly…

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Zainab Ahmed: Why Nigeria can’t stop borrowing

Amid growing concerns over Nigeria’s debt profile, the Minister of Finance, Budget and Planning, Mrs Zainab Ahmed, has said the dual reality of COVID-19 pandemic and the drop in the…

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Lottery Union Vows Tough Action on Anti-Labour Operators

The National Union of Lottery Agents and Employees (NULAE) has urged for more transparent participation of all stakeholders in the gaming industry in Nigeria, if the federal government is to…

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THE RISE AND FALL OF OBI, HUSHPUPPI

Obinwanne Okeke, the CEO of Invictus Group and Forbes – rated young Nigerian entrepreneur, has recently pleaded guilty to computer and wire fraud allegation in an American court. Okeke prominently…

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Over $14m Debt, Court to Hear Sahara Group’s Suit against Ecobank

Justice Rilwan Aikawa of the Federal High Court in Lagos has adjourned further proceedings till Friday, July 3, in an alleged $14million debt case between Sahara Group Limited and Ecobank…

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Nigeria Grapples With Toxic Legacy of 60-Year Oil Boom

It’s one of the most polluted spots on Earth, and prospects of a turnaround only get worse as Covid-19 guts a global industry. Bank supervisor Johnson Banigo avoids wearing light-colored…

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CBN plans increased local production in agric sector

The Central Bank of Nigeria has said it is stimulating local production in the agriculture business to enhance growth and boost employment in the country. Some of the apex bank’s…

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Covid-19: IFC Disburses $50m to Help FCMB Expand lending to SMEs

Nigerian lender, FCMB Plc, has announced that it obtained a $50 million credit facility from the International Finance Corporation (IFC), a member of the World Bank Group, to help support…

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Access Bank Refunds Customers’ Stamp Duty Deductions

Access Bank Plc yesterday began refunding the accumulated charges of stamp duty from February to April, which it deducted from its customers at the weekend. The deductions had elicited outrage…

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