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Category: Economy

Business Economy

Court orders OPL 245 returned to Nigerian government

Iheanyi Ejiofor January 26, 2017

Ebun Francis Justice John Tsoho of the Federal High Court on Thursday granted an order mandating the return of the controversial OPL245 to the Federal Government of Nigeria, pending “the…

Read More Court orders OPL 245 returned to Nigerian government
Economy

CBN warns against reckless forex spending

Iheanyi Ejiofor January 25, 2017

Ebun Francis Mr Godwin Emefiele, Nigeria’s Central Bank Governor, has warned against reckless spending of the country’s scarce forex resources even as Nigeria’s foreign reserve rises to $28.9 billion. Rising from…

Read More CBN warns against reckless forex spending
Economy

GE offers investment in Nigeria’s refineries

Iheanyi Ejiofor January 24, 2017

General Electric, GE, a US multinational company, Tuesday in Abuja, proposed to invest in the nation’s three refineries located in Port Harcourt, Warri and Kaduna. GE, in a presentation to…

Read More GE offers investment in Nigeria’s refineries
Economy

Diezani’s $153m: Court rules February on forfeiture

Iheanyi Ejiofor January 24, 2017

A Federal High Court Lagos on Tuesday fixed Feb. 16 to deliver judgment in a suit by the Economic and Financial Crimes Commission (EFCC) seeking forfeiture of funds linked to…

Read More Diezani’s $153m: Court rules February on forfeiture
Breaking Business Economy

(Updated) CBN MPC retains interest rate at record high

Iheanyi Ejiofor January 24, 2017

 The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) Tuesday voted to retain benchmark interest rates at record high of 14 percent. Central Bank Governor, Godwin Emefiele, announced that…

Read More (Updated) CBN MPC retains interest rate at record high

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