Ebun Francis In the face of worsening economic crisis, the Central Bank’s Monetary Policy Committee has decided to retain current interest rates. Godwin Emefiele, the CBN governor briefed journalists on the…
Read More MPC Meeting Ends With Rates UnchangedCategory: Business
1,500 workers risk job loss as Erisco quits Nigeria for China, Kenya
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
Fidelity Bank posts N110.3b gross earnings in Q3
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…
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CBN warns against patronage of ‘Wonder banks’
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…
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Naira appreciates against the dollar
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…
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