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Category: Economy

Economy headline

New Minimum Wage: Strike begins Sept 26, start preparing – NLC tells Nigerians

Iheanyi Ejiofor September 24, 2018 headline

The organised labour on Monday began preparations for its nationwide strike over Federal Government’s delay in the implementation of a new National Minimum Wage. Labour reminded Nigerians that the 14-day ultimatum…

Read More New Minimum Wage: Strike begins Sept 26, start preparing – NLC tells Nigerians
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

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