Business

Business News

Lagos ports are not congested’

Akinola  said that both ports were operating at less than 70 per cent capacity. He said the major challenges facing the ports were the access road, which had become dilapidated. “It is important to correct the understanding of the public about the ports. “The hinterland infrastructure leading to the ports in Lagos, such as the […]

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Business GIST

Ecobank trains graduates

NEW set of Graduate Trainees have commenced their entry level development programme at the state of the art Ecobank Nigeria Academy in Lagos. The programme, launched in July this year is an intensive eight-week medley of learning interventions for fresh graduates. The first set of 67 Trainees will graduate at the end of the month […]

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Business Communities

Lifting cash-less banking with multi-currency card

Cashless banking was introduced with fanfare seven years ago and has remained impactful to the financial inclusion and efficiency target of banks and other financial institutions. The scheme has provided opportunity for banks to be more creative on their product offerings as seen in FirstBank introduction of the Visa Multi Currency Card, that allows customers […]

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Business News

EFCC to probe 16bn Dollars power.contract

In a fresh move to unmask the actors in the controversial $16billion power projects of the federal government, the Economic and Financial Crimes Commission (EFCC) has begun the investigation of the administrations of former President Olusegun Obasanjo, his immediate successor, the late Umaru Musa Yar’Adua, and former President Goodluck Jonathan. The three leaders and some […]

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Business News

No plans to move NGC out of Niger Delta….NNPC

The Nigeria National Petroleum Corporation (NNPC) has assured stakeholders that it has no plans to relocate headquarters of its subsidiary, Nigerian Gas Company (NGC) from Delta State. A statement by the Group General Manager, Group Public Affairs Division, Ndu Ughamadu, described as unfortunate, statement credited to Deputy President of the Senate, Ovie Omo-Agege, where he […]

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Business News

Top 20 Debtors to AMCON

The Assets Management Corporation of Nigeria (AMCON) has published the names of its top 20 debtors. According to the corporation, the “delinquent debtors”, owe 67% of the N5 trillion debt. Here is the list of the top 20 debtors as obtained by Naija News. S/N Obligor Name Main Promoter(s) Current Exposure 1 Capital Oil & Gas Industries Limited Ifeanyi […]

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Business

CBN Injects $210m Into Forex Market

CBN Governor Godwin Emefiele. NAN The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market after the transactions on Tuesday, July 30. The bank’s Director, Corporate Communications Department, Isaac Okorafor made this known in a statement in Abuja, on Tuesday. Okorafor explained that authorized dealers […]

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Business Entertainment

Why i am investing in Nigeria Entertainment Industry…..Mr. Dickson Aligbe

CEO, Empire Entertainment, and Empire group of Companies,Mr Dickson Aligbe , based in Minnesota  USA, has revealed why he is spending huge sums of money in the Nigerian media and entertainment industry, amidst daunting economic indices. The Nigerian born Aligbe launched a branch of his Brooklyn-based media concern, Empire Africa, in Divine Estate, Lagos some […]

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Business

MTN To Get New Board

MTN Nigeria on Wednesday, announced a change in the composition of its board which will take effect upon the expiration of the terms in office of some of its members. The company notified the Nigerian Stock Exchange, the investing public and other stakeholders that some non-executive directors; including the Chairman, Dr. Paschal Dozie are retiring from its board after […]

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Business

CBN to restrict foreign exchange on imported milk

The Governor of the Central Bank of Nigeria, Godwin Emefiele,has revealed the plans of the Apex bank to restrict foreign exchange for the importation of milk. Empire News understands that Mr Emefiele made this known on Tuesday while addressing journalists at the end of the two-day meeting of the monetary policy committee of the bank. Emefiele who […]

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