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Category: Economy

Avaition | Transport Economy

Buhari sacks heads of 4 aviation agencies

Iheanyi Ejiofor January 9, 2017

Ebun Francis President Muhammadu Buhari, Monday approved the sack of Four heads of parastatal agencies and college in the Nigeria’s aviation industry, a government statement said on Monday. Those affected…

Read More Buhari sacks heads of 4 aviation agencies
Business Economy

External reserves declined by $3.22 bn in 2016 – CBN

Iheanyi Ejiofor January 9, 2017

Nigeria’s external reserves closed last year with a total balance of $25.84 billion – 30 December – showing a decline of $3.22 billion  compared with $29.06 billion it stood as…

Read More External reserves declined by $3.22 bn in 2016 – CBN
Economy News

Diezani forfeits $153m to FG

Iheanyi Ejiofor January 7, 2017

Chidi Samuel with Agency report  Diezani Alison-Madueke, the former Minister of Petroleum resources temporarily forfeited  $153.3 million  to the Nigerian government Friday, sequel to an order by a Federal High Court…

Read More Diezani forfeits $153m to FG
Business Economy

CBN sells N173b T-Bills, fixed income securities’ yields rise

Iheanyi Ejiofor January 6, 2017

The Central Bank of Nigeria (CBN) has sold N172.85 billion ($550 million) at its first treasury bill (T-Bills) auction of the year with yields unchanged from the previous auction, held…

Read More CBN sells N173b T-Bills, fixed income securities’ yields rise
Business Economy

Dangote tomato factory to resume production February

Iheanyi Ejiofor January 4, 2017

The Dangote Tomato Processing Factor in Kadawa, Kura Local Government Area of Kano State is to resume production in February. The Managing Director of the company, Abdulkadir Kaita, disclosed this…

Read More Dangote tomato factory to resume production February

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