Agency report The naira is one of the world’s four worst performing currencies in 2016, according to a report by Bloomberg LP. The naira was said to have lost 36.68…
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Category: Business
CBN sells $1bn to clear backlog of forex demand
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…
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MTN pays N80 billion of N330 billion fine to Nigerian govt
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…
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Poor service delivery hobbles GTbank bank
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…
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Arik to resume operations as union calls off strike
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…
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