Business
CBN directs banks, BDCs to sell Forex to eligible travellers over the counter
Banks risk sanctions for failure to attend to travellers who present all relevant documents.
NSE market capitalisation loses N416 billion in five days
The All-Share Index within the period dipped 1,148.83 or 2.84 per cent to close trading on 39,323.62 compared with 40,472.45 it opened for the week.
Nigeria’s oil export ‘suffers’ as Shell battles pipeline leak
The company deploys containment booms and mobilises its oil spill response teams to clean sites.
Why Nigeria is investors’ best destination now — NBS DG
Capital inflows at over 500 per cent higher in Q1 2018 over last year.
Shareholders endorse Forte Oil’s divestment plans
The firm seeks to divest from its upstream operations.
Nasarawa university produces Nigeria’s ‘first professor of capital markets’
Mr Uwaleke is described by colleagues as a thorough-bred professional.
South Africans defrauded of $80 million in Cryptocurrency scam
“Some of the investors got paid in terms of the agreement. However, the payments suddenly stopped.”
AfDB says it backed African countries in 2017 with $7.7 bn
The bank holds its meeting in Korea.
22 firms scale first hurdle in Nigeria electricity meter supply bidding
The companies will operate the new MAP.
Nigeria makes N50.45 billion from May bonds auction
The amount is lower than N70 billion it targeted, the Debt Management Office says.
What Kaduna’s doing to attract investors despite security challenges – El-Rufai
Kaduna attracted over $500 million foreign direct investment in over two years.
India largest importer of Nigeria’s crude oil in 2017 – NNPC
Report shows that India imported over 131 million barrels of Nigeria’s crude.
![Google Headquarters [Photo Credit: Android Headlines]](https://i2.wp.com/media.premiumtimesng.com/wp-content/files/2017/07/Google-Headquarters.jpg?fit=220%2C115&ssl=1)
Google launches $2 million empowerment initiative for Nigerians
Across Africa, $20 million would be committed over the next three years.
Reps to probe PENCOM’s alleged violation of Public Procurement Act
After contributions by other lawmakers, the motion was unanimously adopted.
![FCMB used to illustrate the story. [Photo credit: Eagle Construction Limited ECL Abuja]](https://i1.wp.com/media.premiumtimesng.com/wp-content/files/2018/03/fcmb-gallery-4.jpg?fit=220%2C165&ssl=1)
Tribunal orders FCMB to pay N989 million decade old debt
The matter had been handled by the SEC, CBN and the Federal High Court over ten years.
Buhari govt has invested $10bn in infrastructure — Osinbajo
The vice president says Nigeria’s foreign reserves are now almost 50 billion dollars.
Why we retained Nigeria’s monetary policy rates for 11th consecutive time – MPC
The committee is waiting for key indicators in the federal budget and the implementation of fiscal policy in 2018 to become clearer.
Nigerian govt restates commitment to float national carrier by December
He said President Muhammadu Buhari has given the National carrier Committee a timeline.
Nigeria, others to record 3.4% economic growth – IMF
He said there was need for prudent fiscal policy to rein in public debt.
American based company set to invest over $10 billion in coastal rail line
The firm says it might take over the Lagos-Calabar coastal line and Port Harcourt from Chinese company
Unity Bank, Milost controversy under investigation – SEC
The bank was in talks with Milost for possible investment.
Naira depreciates amidst Nigeria – China swap deal
Financial experts said that the sealing of the deal was in the right direction.
Nigerian economy maintains strong growth, despite slight decline in Q1 2018 – NBS
Non-oil sector GDP accounted for about 90.4 per cent of the Nigerian economy.
List of 50 crude oil lifters not official – NNPC
A review of the now discredited list fuelled speculations that adequate due diligence was not carried out before it became public.
I want to be Africa’s biggest philanthropist – Dangote
“I do not only want to be known as Africa ’s richest man.”