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Category: Business

Business Economy

The wailers are enemies of Nigerian economy- CBN

Iheanyi Ejiofor January 11, 2017

Chidi Samuel The Central Bank of Nigeria has described as false and fabricated the allegations by a Civil Society Group, The Wailing Wailers, of sharp practices of Forex racketeering, manipulating…

Read More The wailers are enemies of Nigerian economy- CBN
Business Economy

External reserves declined by $3.22 bn in 2016 – CBN

Iheanyi Ejiofor January 9, 2017

Nigeria’s external reserves closed last year with a total balance of $25.84 billion – 30 December – showing a decline of $3.22 billion  compared with $29.06 billion it stood as…

Read More External reserves declined by $3.22 bn in 2016 – CBN
Banks | Financial Institutions Business News

Access Bank staff involved in armed robbery of his bank

Iheanyi Ejiofor January 6, 2017

Chidi Samuel The Nigeria Police, Rivers State Command say they have arrested a senior staff of Access Bank Plc, for his alleged involvement in a foiled armed robbery operation at…

Read More Access Bank staff involved in armed robbery of his bank
Business Economy

CBN sells N173b T-Bills, fixed income securities’ yields rise

Iheanyi Ejiofor January 6, 2017

The Central Bank of Nigeria (CBN) has sold N172.85 billion ($550 million) at its first treasury bill (T-Bills) auction of the year with yields unchanged from the previous auction, held…

Read More CBN sells N173b T-Bills, fixed income securities’ yields rise
Business Economy

Dangote tomato factory to resume production February

Iheanyi Ejiofor January 4, 2017

The Dangote Tomato Processing Factor in Kadawa, Kura Local Government Area of Kano State is to resume production in February. The Managing Director of the company, Abdulkadir Kaita, disclosed this…

Read More Dangote tomato factory to resume production February

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