News Reports

Crude oil extraction [Photo credit: Bloomberg]

Crude Oil Swap: Firms agree to pay $184 million to Nigerian govt

The companies under-delivered fuel over a period of time.

The World Bank

World Bank approves $200 million loan for Nigeria to boost Agriculture

The loan is to support small and mid-scale farmers.

African Union [Photo: Wikipedia]

AU Set On Making African Businesses More Responsive To Human Rights

The consideration and validation of the draft of the Policy Framework was the subject of a gathering of over 50 participants.

Arik Air. (Photo Credit: Punch)

Court fixes date for ruling on Arik Air’s AMCON takeover

A lawyer representing AMCON is accused of professional misconduct.

Bureau De Change

Naira consolidates strength against dollar

CBN-licenced BDCs would incur regulatory losses of N130 million this week.

Buhari read

Buhari appoints new executives for Nigeria’s Bank of Agriculture

The new heads include an interim managing director and other executive directors.

Arik Airline

Arik ‘resolves’ industrial disputes, resumes flight operations

The NCAA brokered a peace meeting held Thursday evening.

Central bank of Nigeria

Forex: Central Bank injects fresh $100 million into interbank market

“We the dealers are anxious to dispose whatever we have at our disposal, because we do not want to suffer a loss.”

Bureau De Change

Dollar records further loss, sells for N390 at parallel market

The last time the naira traded at between N390 and N400 to the dollar at the parallel market was in August 2016.

Dollar and Naira bills [Photo credit: NairaFX]

Naira sells at N400 to dollar

Naira exchanged at N410 a dollar on Wednesday.

Stanbic IBTC

Stanbic IBTC announces 59 per cent improved earnings for 2016

“The strong growth was driven by a 78 per cent increase in retail fees to N14.3 billion.”

Arik Air. (Photo Credit: Punch)

AMCON condemns workers’ union over Arik airline shutdown

Aviation unions had in the early hours of Thursday shut down the operations of Arik Air.

Minister of Budget and National Planning Senator Udoma Udo Udoma [Photo Credit: Channels TV]

Merits, defects of Nigeria’s economic recovery, growth plan – Experts

The Federal Government unveiled the National Economic Recovery and Growth Plan two weeks ago.

Sunil Sawhney

Seven-Up Plc gets new vice chairman

The company’s managing director is now vice chairman.

CAdbury products on a shelf

Cadbury Nigeria Plc announces N562 million loss for 2016

The company’s revenue for 2016 stood at N29.9 billion, as against N27.8 billion posted last year.


Nigerian firm gets South African govt. sponsorship

The firm is amongst the chosen four chosen by South Africa.

First Nation
Photo credit: daily

Abuja Airport closure: FirstNation seeks compensation

The Abuja airport was closed for six weeks.

Buhari at NEC

Buhari approves new board members for Nigeria’s sovereign wealth agency

The new board will be chaired by Olajide Zeitlin.

Peterside Atedo, Stanbic IBTC bank Chairman

Atedo Peterside resigns as Stanbic IBTC Bank Chairman

His resignation takes effect from March 31.

Bureau De Change

Naira continues rise against dollar, sells N420-N430 per dollar

The Naira remained stable at the interbank market, exchanging at N307.50 to a dollar.

Godwin Emefiele, CBN Governor

CBN will sustain forex market intervention – Emefiele

Mr. Emefiele says the bank was not directed by the National Economic Council to intervene.

Lead mining sites

Nigerian govt sanctions 313 mining companies — Official

The government revoked the licences of five companies.