Business & Economy
Etisalat, lenders disagree over $1.2bn loan repayment
Akinpelu Dada and Ozioma Ubabukoh The controversies surrounding Etisalat Nigeria’s indebtedness to a consortium of 13 banks deepened on Thursday with the telecoms...
Nigeria begins yam export to Europe, U.S. June 29
The Minister of Agriculture and Rural Development, Audu Ogbeh, has said the country will commence yam exports to Europe and america on June 29....
FG to mobilise N2.5bn private investment for YouWin SMEs
Ifeanyi Onuba, Abuja The Federal Government on Thursday said it would mobilise N2.5bn annually as equity investment through qualified fund managers for Small...
Nigeria loses N140bn weekly to Apapa gridlock – Dangote
Akinpelu Dada The President, Dangote Group, Aliko Dangote, has lauded the decision of the Federal Government to reconstruct the failed Apapa Wharf Road...
We won’t allow AMCON to acquire new debts – Reps
Akinpelu Dada The Chairman, House of Representatives Committee on Banking and Currency, Jones Onyereri, has said the House will not be lured into...
Debt servicing compromising Nigeria’s development – NGO
Everest Amaefule, Abuja The cost of debt servicing is compromising the rate of development of the country, a non-governmental organisation, Social Action, has...
Power: Discos, service providers owe market operator N252bn
OkechukwuNnodim, Abuja The total shortfall in remittances to the power sector by electricity distribution companies and service providers since the commencement of the...
Why CBN can’t cut interest rate now – Officials
Ifeanyi Onuba There are strong indications that the Central Bank of Nigeria may not reduce the benchmark lending rate anytime soon owing to...
Digital switchover: NBC spends $26m on set-top boxes
Success Nwogu, Ilorin The Director-General, National Broadcasting Commission, Mr. Modibo Kawu, has said that the agency has spent $26m to procure 620,000 set-top...
NUPENG threatens strike over P’Harcourt refinery sale
Ife Ogunfuwa The Nigeria Union of Petroleum and Natural Gas Workers has vowed to shut down the oil sector if the Federal Government...
Senate wants tolls back on federal roads
Leke Baiyewu, Abuja The Senate is proposing the return of tolls on federal roads and the setting aside of 0.5 per cent of...
Recession puts CBN’s financial inclusion target at risk
Ifeanyi Onuba, Abuja The current economic challenges, which have led to massive job losses in some sectors of the economy, as well as...
MTN, MultiChoice to conclude acquisition talks in June
Ozioma Ubabukoh Top management employees at the MTN Group head office in Johannesburg, South Africa, have hinted that the company will take a...
Banks lost N2.19bn to fraudsters in 2016 – CBN
Ifeanyi Onuba, Abuja The Central Bank of Nigeria on Tuesday said that Deposit Money Banks in the country lost a total of N2.19bn...
Controversy trails oil block revocation by Buhari
Okechukwu Nnodim, Abuja President Muhammadu Buhari’s approval of the withdrawal of Oil Prospecting Licences 2001, 2002 and 2003 in the Utapate Field won...
