13 Ships Laden with Petrol, Rice Arrive Lagos   

Thirteen ships laden with petroleum products and bulk rice have sailed into Lagos ports, waiting to berth. The Nigerian Ports Authority (NPA) stated this in its daily publication – `Shipping…

Brent Oil Climbs Above $58 on Weaker Dollar, Iraq Fighting

Brent oil futures rose more than a dollar to above $58 a barrel on Thursday as the dollar weakened and Iraqi security forces battled Islamic State fighters in Tikrit. Brent…

BOA Grants Collateral-free Loans to Youths   

Mrs Tokunbo Afolabi, the Manager, Bank of Agriculture (BOA), Lagos Branch, on Thursday urged the youth to take advantage of the collateral-free funding opportunities provided by the bank, to empower…

Cameroon Renews MTN Mobile Licence, Approves 3G and 4G   

Cameroon has renewed the operating licence of Africa’s largest telecoms provider MTN, and allowed the firm to start offering third and fourth generation (3G and 4G) services, MTN said on…

Dangote Loses Half His Fortune Due to Naira Depreciation

Aliko Dangote calls his homeland Nigeria as “one of the best-kept secrets.” The 57-year-old billionaire, who reportedly lost $10.3 billion in the last one year, is Africa’s richest man. According…

Why IBEDC’s Pioneer MD, Fortunato Leynes Resigned •Bolanle Onagoruwa takes charge

By Olaolu Bilau Facts have emerged on the reason behind the sudden exit of the immediate past managing director and chief executive officer of Ibadan Electricity Distribution Company (IBEDC), Mr.…

N300 billion Real Sector Support Facility, CBN Offers 9% Interest Rate

The Central Bank of Nigeria has said it is offering 9% interest rate per annum on the newly- established N3000 billion Real Sector Support Facility (RSSF), This was contained in…

The President, Nigerian Council of Registered Insurance Brokers, Mr. Ayodapo Shoderu, says he is troubled by the pervasive incidence and unpleasant trends of rate-cutting, which adversely affecting the operations of…

The Ag. Director General of the Securities and Exchange Commission, Mounir Gwarzo, was appointed the Chairman of The African/Middle East Regional Committee (AMERC) of the International organisation of Securities Commissions…

CBN Orders MDA’s, Customs, NNPC, Others  to Shut Revenue Accounts

• Says no plan to scrap domiciliary accounts’ The Central Bank of Nigeria [CBN] ordered Ministries, Departments and Agencies to close all their revenue accounts in deposit money banks latest…