Erisco Foods, one of Africa’s top tomato paste maker, owned by Eric Umeofia, says it is quitting Nigeria for Kenya, Cameroon, Cote d’Ivoire and Ethiopia. Umeofia, who confirmed the development in…
Read More 1,500 workers risk job loss as Erisco quits Nigeria for China, Kenya
Ebun Francis .Names new chairman Fidelity Bank Plc has recorded gross earnings of N110.3 billion in its unaudited financial results for nine months ended September 30. The figure was an…
Read More Fidelity Bank posts N110.3b gross earnings in Q3
Ebun Francis For many Nigerians who are being lured by the prospect of quick and easy money,the Central Bank of Nigeria on Monday warned them against patronising what it called…
Read More CBN warns against patronage of ‘Wonder banks’
The Naira on Monday in Lagos appreciated marginally against the dollar at the parallel market, gaining N2. The currency exchanged at N468 to the dollar as against N470 it traded…
Read More Naira appreciates against the dollar
Ebun Francis About 30% of Nigeria’s forex spending is for the importation of premium motor spirit(fuel) according Mrs Kemi Adeosun, the minister of finance. The minister disclosed this in Lagos at…
Read More 30% of forex spent on fuel import – Adeosun
