AFREXIMBANK opens virtual platform for information on African trade
The new platform was opened to run as part of the forthcoming intra-African Trade Fair (IATF 2018) in Cairo, Egypt next month.
Salaries, wages growing at lowest level since 2008 — ILO
Overall, global wage growth declined to 1.8 per cent in 2017 from 2.4 per cent in 2016, according to the findings, which were based on data from 136 countries.
Three modular refineries to begin operations in 2019 — Kachikwu
“Out of the 40 licenses issued, only 10 have shown progress…”
Continental Reinsurance Africa to acquire Nigerian entity’s outstanding shares
A notice was sent to the Nigerian Stock Exchange on Monday.
General Motors to cut 15% jobs, halt production in plants
The plan, the global firm said, would affect more than 14,000 jobs.
Nigeria’s fiscal deficit may widen in 2018 – World Bank
The Washington-based institution says Nigeria needs to take concrete steps to break its oil dependency to improve its economic and social outcomes.
Prices of selected foodstuff increased in October – NBS
The prices of eggs and imported rice increased.
Volkswagen spearheads workshop to make Nigeria automotive hub
The workshop was organised for Nigeria and Volkswagen to agree on the next steps.
NSE: Indices bow to profit taking by 0.96 per cent
The market capitalisation shed N111 billion to close at N11.565 trillion against N11.676 trillion on Thursday.
Abuja, Cross River, Abia residents paid highest transport fare in October — NBS
The report says states with lowest bus journey fare within city were Rivers, Anambra and Bauchi.
Why it took almost 9 years to uncover MTN’s illegal repatriation of $8.1bn — CBN governor
He rejected accusations that the CBN neglected its monitoring and regulatory role which allowed the illegal transfers thrive.
Why depositors in liquidated Nigerian banks haven’t been paid – NDIC
The suffering of the depositors would continue unless the NDIC enabling Act is speedily amended by the national assembly.
Why CBN is controlling monetary rates for 14th consecutive time – MPC
Foreign reserves down from $42.6 billion in September to $41.53 billion on November 16.
Oil bounces above $63 after slide, but glut worries persist
Brent crude, the global benchmark, was up 92 cents to $63.45 per barrel.
Nigeria signs $60mn development partnership with UNIDO
The partnership is for inclusive and sustainable industrial development in Nigeria for 2018- 2022.
Nissan shares slump after arrest of chairman Carlos Ghosn
The embattled official was arrested and would be fired from Nissan’s board this week, the company said.
Yobe govt. promises to sustain immunisation coverage
The governor said the improvement in security had provided opportunity to reach more women and children for coverage in remote areas.
EXCLUSIVE: 10 Nigerian banks paid over N1 billion as emoluments to top directors in 2017
As the banks raked in billions of naira in profits, they compensated their top directors with fat pay.
NCC decries telecoms operators’ non-compliance to AOL
The commission says it has been inundated with complaints by subscribers on non-compliance with directions on data roll-over.
NDIC pays N1.45bn to bank depositors, recovers N28bn from debtors
NDIC’s operating income increased from N122.68 billion in 2016 to N146.47 billion in 2017.
INTERVIEW: Intra-African trade: Why we must take our destiny in our own hands — AFREXIMBANK VP
The volume of trade between countries in Africa currently accounts for only 15 per cent of total world trade.