Corruption: World Bank blacklists six Chinese firms in Nigeria
The World Bank has blacklisted six Chinese companies currently operating in Nigeria over alleged fraud and corruption. The companies, according to an announcement published on the World Bank’s website,...
View ArticleWorries over oil sector as Buhari remains minister
President Muhammadu Buhari yesterday disclosed he would retain his position as Minister of Petroleum Resources, working alongside former Bayelsa State Governor Timipre Sylva who will serve as the...
View ArticleCBN Warns Nigerians against Fraudulent Loan Offers
The Central Bank of Nigeria (CBN) has warned Nigerians against fraudulent loan offers being circulated across social media platforms. In a statement issued today, the Director, Corporate...
View ArticleTeller Jobs at Risk as Banks Review Business Model
In line with new technological changes, banks are reviewing their business models which could lead to the scrapping of teller jobs in the next two to three years. This disclosure was made at the 2019...
View ArticleProtest against Customs seizure of 700 bags of rice in Ilorin
Scores disrupted activities at the popular Oja-Tuntun Market in Ilorin, the Kwara state capital on Thursday August,29th,2019 to protest against seizure of seven hundred bags of rice from a warehouse....
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In order to show support for government’s decision to close the country’s border at Seme to rice smuggling, rice processors in Nigeria have pegged the retail price of rice at not more than fifteen...
View ArticleNLC promises to agree with Minimum wage negotiating council’s decision
The Nigeria Labour Congress has promised to support any position taken by the Public Service Negotiating Council at its meeting on the new national minimum wage scheduled for today. The President of...
View ArticleNigeria’s GDP slows to one-point-nine-six percent
The nation’s gross domestic product (GDP) declined to one-point-nine-four percent in the second quarter of 2019. According to the second-quarter GDP report released by the National Bureau of Statistics...
View ArticleMiyetti Allah says its members can meet Nigeria’s milk needs
The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), has said that Nigeria has more than enough cows and pastoralists to meet its citizens’ milk requirements. General Secretary, MACBAN,...
View ArticleCBN leaves benchmark lending rate unchanged at thirteen-point-five percent
The Monetary Policy Committee of the Central Bank of Nigeria has left the Monetary Policy Rate unchanged at thirteen-point-five per cent. The CBN Governor, Mr Godwin Emefiele, announced the decision of...
View ArticleUS and Japan agree initial trade deal focusing on agriculture
The US and Japan have agreed an initial trade deal that will eliminate or lower tariffs on certain products traded between them. Duties on some agricultural goods will be removed or lowered, while...
View ArticleManufactures Association of Nigeria warns Cashless policy implementation may...
The Manufacturers Association of Nigeria has said that the implementation of the cashless policy may have negative impact on the Micro, Small and Medium Enterprises. The association’s Director-General,...
View ArticleBREAKING: Customs orders complete border import, export ban
The Comptroller-General, Nigerian Customs Service, retired Col. Hameed Ali insisted that all import and export of goods from the nation’s land borders remain banned until there is an agreement with...
View ArticleNigeria moves up by fifteen spots on World Bank’s Ease Of Doing Business Index
Nigeria has moved up by 15 places to 131 in the World Bank’s Ease of Doing Business ranking from the 146th position it was in 2018. This comes after the World Bank ranked the country in the top 10...
View ArticleHarmony Holdings undergoing reform for citizen’s benefit — New GMD
• Says firm committed to workers’ welfare Group Managing Director of the Harmony Holdings Limited Abdullahi AbdulMajeed on Monday said the investment firm is being repositioned to truly benefit and be...
View ArticleKwara: AbdulRazaq explains reasons behind creation of Ministry of Enterprise
•Hails KAM Holding’s chief Kwara has dedicated a whole ministry to enterprise as part of its larger strategies to grow businesses, encourage creativity, create more jobs and widen revenue generation...
View ArticleBorder Communities: Customs Warns Kwara Residents against Aiding, Abetting...
The Coordinator Joint Border Operations in charge of North Central Zone, Ilorin Sector 3, Compt. Mohammed Uba Garba has warned residents of border communities against aiding and abetting of smuggling....
View ArticleWorld’s central banks offer more seats to emerging markets
The Bank for International Settlements (BIS) has decided to expand its central bank membership base and to increase collaboration by inviting central banks of more emerging market economies to join...
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