Category: Business

Kaduna Govt Approves N1.6bn For Pensioners

The Kaduna State Government has released the sum of N1.6 billion for the payment of pensions, gratuities and death benefits to retired civil servants, This was disclosed...

We’ll pursue expansion policies to fight recession – CBN

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the bank will pursue expansionary monetary policies to fight recession because the fiscal...

Julius Berger to diversify into agro-processing

Construction giant, Julius Berger, has said it is looking into diversification opportunities, based on the emerging developments in Nigeria and the resultant reforms by...

CBN prepares for recession, reduces benchmark lending rate to 11.5%

…seeks alternative revenues against rising debt The Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate by 100 basis points from 12.5 per cent to 11.5...

Govt has no business running refineries, says Osinbajo

The Vice President, Prof. Yemi Osinbajo, has said the problems associated with Nigeria’s refineries will persist if the Federal Government continues to own and run...

CBN decries speculation as naira plunges, exchanges for 465/$

Declining export receipts from oil and speculative activities of the Bureau De Change operators among other challenges of the COVID-19 pandemic on the economy will put...

The black-owned coffee firm that became a bestseller

The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to Pernell Cezar and Rod Johnson, founders of US...

Nigerian Breweries donates PPEs, others to UCH

Nigerian Breweries Plc has donated essential supplies including Personal Protective Equipment (PPEs) to the University College Hospital, Ibadan, Oyo State, in...

CBN grants Greenwich Merchant Bank operational licence

The Central Bank of Nigeria has granted Greenwich Trust Limited a licence to operate as a merchant bank in the country. An email from Greenwich Trust Limited on Thursday...

FG apologizes for asking all account holders in financial institutions to re-register

Federal government, Friday apologized to Nigerians for asking all account holders in the financial institutions to re-register. The government had via its official...