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Category: Economy

Business Economy headline

NNPC denies it has $470.5 million, N8 billion hidden in banks

Iheanyi Ejiofor September 22, 2018 headline

Ebun Francis| The Nigerian National Petroleum Corporation, (NNPC) on Friday dismissed as “misleading” Thursday’s disclosure by Nigeria police that it recovered about $470.5 million and N8 billion of NNPC funds…

Read More NNPC denies it has $470.5 million, N8 billion hidden in banks
Business Economy

CBN injects N786bn into Polaris Bank, assures depositors of defunct Sky Bank

Iheanyi Ejiofor September 22, 2018 headline

Ebun Francis| Following the revocation of the operating licence of Sky Bank plc on Friday by the central bank of Nigeria (CBN) and its take over by Polaris Bank Limited,…

Read More CBN injects N786bn into Polaris Bank, assures depositors of defunct Sky Bank
Business Economy headline

Why we revoked Sky Bank’s license- CBN

Iheanyi Ejiofor September 21, 2018 headline

Ebun Francis| The central bank of Nigeria (CBN) on Friday withdrew the operating licence of Sky Bank Plc. Godwin Emefiele, the apex bank governor told Journalists at a press conference…

Read More Why we revoked Sky Bank’s license- CBN
Business Economy

Forex: CBN injects $317.52m, CNY 58.40m into Retail SMIS

Iheanyi Ejiofor September 21, 2018 headline

The Central Bank of Nigeria (CBN) has continued its intervention in the retail Secondary Market Intervention Sales (SMIS) by injecting a total of $317.52million in that segment of the market…

Read More Forex: CBN injects $317.52m, CNY 58.40m into Retail SMIS
Business Economy headline

Italian court jails Nigerian involved in malabu (OPL245) oil deal

Iheanyi Ejiofor September 20, 2018 headline

A court in Milan, Italy has sentenced a Nigerian, Emeka Obi and Gianluca Di Nardo, an Italian, to a four-year jail term for their complicity in a bribery scandal linked…

Read More Italian court jails Nigerian involved in malabu (OPL245) oil deal

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