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Economy

Business

CBN Releases List Of Items Valid For Forex

David Abakpa -
The Central Bank of Nigeria (CBN) on Wednesday published a list of items, for which importers can source foreign exchange (Forex) from the market. CBN...
Business

NNPC To Resume Oil Exploration In Borno As Peace Returns To State

David Abakpa -
The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Alhaji Maikanti Baru, has said the corporation has concluded arrangement to mobilize heavy...
Business

Keystone Bank Revamps Branches Nationwide [PHOTOS]

David Abakpa -
On the heels of the announcement of the successful sale of Keystone Bank Limited and the promise of the new investors to take active...
Business

Nigeria’s public finance broken, recurrent expenditure in excess of total revenue – Soludo

David Abakpa -
Former Governor of Central Bank of Nigeria, CBN, Professor Chukwuma Soludo,​ has expressed worry over the public finance system, lamenting that recurrent expenditure was...
Business

NNPC, Partners To Boost Domestic Gas Supply By 285%

David Abakpa -
In a bid to realize the Federal Government’s mandate to deploy the nation’s gas resources to stimulate economic growth, the Nigerian National Petroleum Corporation...
Business

Naira Retains Ground At Parallel Market

David Abakpa -
The naira on Thursday appreciated marginally against the dollar at the parallel market at N390 to the dollar, the News Agency of Nigeria (NAN)...
Business

Amidst Sector Challenges, Oando Posts N1.7bn Profit

David Abakpa -
Despite the challenges affecting the Oil and Gas industry, Oando Nigeria Plc recorded a profit- after- tax of N1.71 billion in its first quarter...
Business

CBN Loans To Banks Drop By 6% To N1.8trn

David Abakpa -
Loans from the Central Bank of Nigeria (CBN) to banks dropped by 6.7 per cent to N1.8 trillion last week. LEADERSHIP can authoritatively reveal that...
Business

CBN Injects $100m Into Forex Market As Naira Depreciates

David Abakpa -
The Central Bank of Nigeria (CBN) on Thursday said it had offered 100 million dollars to authorised dealers as its intervention to stabilise the...
Business

Aero Contractors Explains Why Its Plane Engulfed In Smoke

David Abakpa -
The management of Aero contractors has explained the incident that led to the smoke in the flight NG316 from Port Harcourt International airport to...
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