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Category: Economy

Business Economy

CBN injects $195m into Forex market Ahead of MPC Decisions

Iheanyi Ejiofor July 24, 2017 headline

…Offers $100m to Wholesale segment; …SMEs window receives $50m boost; …BTA, others get $45m Ahead of the decisions of the Monetary Policy Committee (MPC) on Tuesday, July 25, 2017, the…

Read More CBN injects $195m into Forex market Ahead of MPC Decisions
Business Economy

Sterling Bank struggles with rising impairment as loans decline

Iheanyi Ejiofor July 24, 2017 headline

More Sterling Bank’s debtors are not paying back their debts as the size of the bank’s loans and advances reduces. The bank’s financial statements for the first months of 2017…

Read More Sterling Bank struggles with rising impairment as loans decline
Economy Maritime

NIMASA commences 24- hour turnaround time for issuing debit notes

Iheanyi Ejiofor July 23, 2017 headline

In compliance with the Presidential directive on the resumption of 24- hour port operations in Lagos ports, the Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced a 24- hour…

Read More NIMASA commences 24- hour turnaround time for issuing debit notes
Economy Maritime

KLT Customs intercepts N20m worth of substandard cable

Iheanyi Ejiofor July 21, 2017

The Kirikiri Lighter Terminal command of the Nigeria Customs Service has intercepted a 20ft container laden with substandard fire resistant cables with duty paid value of about N20million but which…

Read More KLT Customs intercepts N20m worth of substandard cable
Economy Maritime

NLC wades into Ports and Harbour bill protest —vows to stop National Assembly

Iheanyi Ejiofor July 21, 2017

Funso Olojo || The Nigeria Labour Congress(NLC) has vowed to frustrate the passage of Ports and Harbour Bill by the National Assembly. Comrade Ayuba Wabba, the National President of NLC…

Read More NLC wades into Ports and Harbour bill protest —vows to stop National Assembly

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