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Category: Economy

Economy Maritime

FG lauds NIWA for initiating River Niger dredging

Iheanyi Ejiofor July 25, 2017

The Minister of Transportation, Rotimi Ameachi, has commended the management of National Inland Waterways Authority (NIWA) for its initiative to commence the dredging of Ajaokuta to Onisha channels of River…

Read More FG lauds NIWA for initiating River Niger dredging
Business Economy

Why MPC retained interest rate at 14% – Emefiele

Iheanyi Ejiofor July 25, 2017 headline

The CBN Monetary Policy Committee (MPC) has again retained the Monetary Policy Rate (MPR) at 14 per cent due to uncertainties in some areas of the country and the global…

Read More Why MPC retained interest rate at 14% – Emefiele
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

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