Business

Naira Accepted as Legal Tender in Britain

February 12, 2018 Felix 0

According to statement by the UK finance agency, the British government has agreed to accept the naira for trade payment in the country. According to reports, the development would help UK exporters compete for major foreign contracts and also allow foreign traders access long term finance in their local currencies {Read More..}

Business

BoI Pledges Commitment to SMEs

January 31, 2018 Felix 0

The Bank of Industry (BoI)  has said it is committed to ensuring that more industries are created while existing ones are supported in order not to go into extinction. The Managing Director of BoI, Mr Olukayode Pitan, stated this at Ibadan when he paid  curtsy call on Governor Abiola Ajimobi. {Read More..}

Business

Bayelsa State Government to Commence Fish Export Soon

January 25, 2018 Felix 0

The Bayelsa State Government has announced that it would soon embark on exportation of fish from its aqua farm. The state’s Commissioner for Agriculture and Natural Resources, Mr Doodei Week, made the disclosure at the inter-ministerial and agency briefing in Yenegoa, the state capital. Mr Week disclosed that one of {Read More..}

Business

Federal Government to Create Special Economic Development Zones

January 25, 2018 Felix 0

The Vice President, Prof Yemi Osinbajo has revealed that the Federal Government is to create special economic development zones across the country to spur the country’s development. Prof Osinbajo made the disclosure during a session at the ongoing World Economic Forum in Davos, Switzerland. The Vice President said that the {Read More..}

Business

Federal Government to Boost the Nigerian Manufacturing Sector

January 24, 2018 Felix 0

The Vice President, Prof Yemi Osinbajo, has stated that the Federal Government is currently working with the private sector to boost the Nigerian manufacturing sector in partnership with international partners. Prof Osinbajo made the disclosure at the ongoing World Economic Forum in Dovas, Switzerland, while meeting with the delegation of a {Read More..}

Business

CBN Maps out N220 Billion for SME’s

January 22, 2018 Felix 0

The Central Bank of Nigeria (CBN) has announced that it would focus its attention more on the development of small and medium scale industries. The Director Governance Office of CBN, Dr Anthony Ifechukwu, made the disclosure in Abuja at an empowerment seminar organised by a non-governmental organisation (NGO). Dr Ifechukwu {Read More..}

Business

Nigeria’s Foreign Reserve Rises to $44.4 Billion

January 9, 2018 Felix 0

In a statement by the Central Bank of Nigeria (CBN), the figure represents an increase of about $1 billion between December last year and this month. According to the CBN Acting Director of Corporate Communications, Mr Issac Okoroafor, the rise is as a result of the apex banks management of {Read More..}

Business

Today in World History (January 4th, 2018)

January 4, 2018 Felix 0

On January 4th, 1999, exactly 19 years ago today, the euro replaced the currency of 11 European nations. The idea was to create a unified Europe and to take on the mighty dollar. Hence, overnight, the euro became the world’s second largest currency as the European shared common legal tender {Read More..}

Business

Pump Price Of Petrol Is On The Increase Again

December 4, 2017 Joshua Samuel 0

The Ore depot branch of the Independent Petroleum Marketers Association of Nigeria, PMAN, has undermined to build the cost of oil from the affirmed cost of N145 to about N160 per liter. The chairman of the branch, Shina Amoo, revealed to Punch that marketers in a few states in the {Read More..}

Business

Today in Wold History (November, 15)

November 15, 2017 Felix 0

On November 15, 1867, exactly 150 years ago today, the Wall Street started ticking, literally, with the brainchild of Edward Calahan, who configured a telegraph machine to print stock quotes on streams of paper tape. It was the day the first stock ticker got unveiled in New York City with tremendous {Read More..}

Business

2018 Budget Proposal: A Breakdown

November 8, 2017 Felix 0

Below is a breakdown of the N 8.612 trillion 2018 budget expenditure proposal presented by President Muhammadu Buhari to the a joint session of the National Assembly yesterday, November 7. Assumptions, projections • Benchmark crude oil price-US$45 per barrel • Oil production estimate – 2.3 million barrels per day • {Read More..}