Ebun Francis The Managing Director of Nigerian National Petroleum Corporation, Dr Maikanti Baru on Thursday explained the difficulties being experienced in the aviation sector was not as a result of…
Read More Airlines can’t pay for aviation fuel -NNPCCategory: Economy
Naira among four worst global currencies in 2016
Agency report The naira is one of the world’s four worst performing currencies in 2016, according to a report by Bloomberg LP. The naira was said to have lost 36.68…
Read More Naira among four worst global currencies in 2016CBN sells $1bn to clear backlog of forex demand
Ebun Francis with agency reports The Central Bank of Nigeria sold about $1bn on the forward market to clear a backlog of dollar obligations in selected sectors, according to foreign…
Read More CBN sells $1bn to clear backlog of forex demandPastor Ashimolowo loses $5m to Ponzi scheme
Kingsway International Christian Centre, a 12,000-member megachurch in Britain headed by Nigeria’s Pastor Mathew Ashimolowo, lost $4.8 million to a Ponzi scheme after trustees carelessly invested money in it. The…
Read More Pastor Ashimolowo loses $5m to Ponzi schemeMMM is a divine arrangement, it will not fail- Mbanefo
Chidi Samuel Pastor Ernest Chigozie Mbanefo, has once again denied ownership MMM Nigeria, insisting that he is only a participant who has invested N3 million in the scheme like so…
Read More MMM is a divine arrangement, it will not fail- Mbanefo
