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Category: Business

Business Economy

CBN sells $1bn to clear backlog of forex demand

Iheanyi Ejiofor December 30, 2016

Ebun Francis with agency reports The Central Bank of Nigeria sold about $1bn on the forward market to clear a backlog of dollar obligations in selected sectors, according to foreign…

Read More CBN sells $1bn to clear backlog of forex demand
Business Economy

MTN pays N80 billion of N330 billion fine to Nigerian govt

Iheanyi Ejiofor December 26, 2016

Ebun Francis Adebayo Shittu, Nigeria’s Minister of Communication said MTN, has paid N80 billion of the N330 billion fine imposed on it by the Nigerian government for failing to deactivate…

Read More MTN pays N80 billion of N330 billion fine to Nigerian govt
Business News

Poor service delivery hobbles GTbank bank

Iheanyi Ejiofor December 23, 2016

Gtbank plc used to be the industry leader in customer services but of recent the bank has come under increased criticism from customers for gross incompetence. All efforts made to…

Read More Poor service delivery hobbles GTbank bank
Avaition | Transport Business Economy

Arik to resume operations as union calls off strike

Iheanyi Ejiofor December 20, 2016

Chidi Samuel The three aviation unions whose industrial action early Tuesday lead to the the grounding of all Arik Air operations have called off their strike action, paving way for…

Read More Arik to resume operations as union calls off strike
Business Economy

Refineries to work optimally in 2017 – NNPC

Iheanyi Ejiofor December 20, 2016

Agency report The Nigerian National Petroleum Corporation on Tuesday said it would embark on a comprehensive rehabilitation of the nation’s refineries to achieve optimal capacity utilisation in 2017. NNPC Chief…

Read More Refineries to work optimally in 2017 – NNPC

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