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Category: Economy

Business Economy headline

I want to be Africa’s biggest philanthropist – Dangote

Iheanyi Ejiofor May 21, 2018 headline

Africa’s richest man, Aliko Dangote, over the weekend said he wants to be the biggest philanthropist in Africa. The billionaire businessman made the disclosure during the inauguration of the foundation’s…

Read More I want to be Africa’s biggest philanthropist – Dangote
Business Economy headline

Improved trade, FX incomes push Fidelity Bank profit up 7%

Iheanyi Ejiofor May 20, 2018 headline

Despite the tough operating environment, Fidelity Bank plc rode on the back of improved non-interest income, especially tremendous leap in earnings from trade financing and foreign exchange gains, to bolster…

Read More Improved trade, FX incomes push Fidelity Bank profit up 7%
Business Economy headline

41 banned items not qualified under Nigeria-China currency swap- CBN

Iheanyi Ejiofor May 20, 2018 headline

Emeka Ejere| The Central Bank of Nigeria (CBN) said the Nigeria-China currency swap deal would not cover the importation of the 41 items banned in its 2015 circular on items…

Read More 41 banned items not qualified under Nigeria-China currency swap- CBN
Business Economy headline

AMCON takes over Stella Oduah’s assets

Iheanyi Ejiofor May 18, 2018 headline

The Asset Management Corporation of Nigeria (AMCON) on Friday said it has taken over Sea Petroleum Oil & Gas Ltd. and other assets belonging to Sen. Stella Oduah-Ogiemwonyi over an…

Read More AMCON takes over Stella Oduah’s assets
Business Economy

Supreme court rules that Akingbola has case to answer in N5bn fraud suit

Iheanyi Ejiofor May 18, 2018 headline

The Supreme Court on Friday ruled that, Erastus Akingbola, the former managing director of the now-defunct intercontinental bank plc, has a case to answer his alleged five billion Naira fraud…

Read More Supreme court rules that Akingbola has case to answer in N5bn fraud suit

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