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Category: Business

Business Economy

Ethiopia blames Eritrea for attack on Dangote

Iheanyi Ejiofor October 10, 2016

Ebun Francis with agency reports The government of Ethiopia on Monday blamed elements in Eritrea for the crisis in the country that lead to the burning and destruction of factories…

Read More Ethiopia blames Eritrea for attack on Dangote
Business

Banks to pay customers for mobile bank fraud- CBN

Iheanyi Ejiofor October 10, 2016

Ebun Francis | The central bank of Nigeria has assured customers who lose money to fraudsters through the mobile money-driven Unstructured Supplementary Service Data (USSD) banking will be reimbursed by their…

Read More Banks to pay customers for mobile bank fraud- CBN
Business

Court orders Amcon to pay Capital Oil N26.5b

Iheanyi Ejiofor October 6, 2016

The Federal High Court, Abuja, on Thursday ordered the Asset Management Corporation of Nigeria (AMCON) to pay Capital Oil and Gas Industry Limited N26.5 billion as contained in a consent…

Read More Court orders Amcon to pay Capital Oil N26.5b
Business

Erisco Foods threatens to shut down plant, sack 1500 workers

Iheanyi Ejiofor October 5, 2016

Ebun Francis with News Agency of Nigeria Chief Eric Umeofia, the chief executive officer of Erisco Foods,an indigenous firm, Erisco Foods and a strong supportef of President Buhari’s administration has…

Read More Erisco Foods threatens to shut down plant, sack 1500 workers
Business

Bad loans in banks above limit-Emefiele

Iheanyi Ejiofor October 4, 2016

Bad loans in Nigeria’s banking system soared to more than double the limit set by the regulator as the industry struggles with an economic downturn. The ratio of non-performing loans…

Read More Bad loans in banks above limit-Emefiele

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