Mr Waheed Olagunju, Acting Managing Director, Bank of Industry (BoI) says the bank will assist Small and Medium Enterprises (SMEs) with N376 billion before the end of 2019. Olagunju spoke in Makurdi while presenting a paper entitled; “Target Financing for Read more
The Central Bank of Nigeria yesterday continued its intervention in the foreign exchange segment of the financial market with the injection of fresh $220 million into the various sectors of the economy. The CBN, in a statement issued by the Read more
Ethiopian Airline’s Airbus 350 plane was the first aircraft to land at the Nnamdi Azikiwe International Airport, Abuja after the airport opened for use 24 hours ahead of schedule. The plane touched down at the airport at 12.10p.m. to mark Read more
Owing to the fall in the naira, which forced banks to violate foreign currency loan limits, the Central Bank of Nigeria (CBN) has extended the guideline to accommodate more borrowings. The new regulation replaces a 2014 rule capping foreign borrowings, Read more
All appears set for the reopening of the Nnamdi Azikiwe International Airport (NAIA), Abuja, after six weeks of runway rehabilitation exercise. While workers are busy with finishing touches on the critical infrastructure, local airlines and their foreign counterparts have reopened Read more
Apex bank pledges to sustain forex supply The Central Bank of Nigeria (CBN) has auctioned $418 million at the marginal rate of N310 to a dollar to airlines, agriculture, petroleum and raw materials sub sectors. The CBN acting Director, Corporate Read more
Some financial experts have expressed optimism that there would be increased liquidity in the capital market in the second quarter of this year. They told the News Agency of Nigeria (NAN) in Lagos on Wednesday that the sustained economic recovery Read more
Lagos State Governor,Akinwunmi Ambode, has restated his administration’s commitment at promoting made in Nigeria products.Speaking at the Nigeria Association of Small Scale Industrialists (NASSI) MSME Trade Fair, in Lagos, he noted that Nigeria has depended so much on oil to Read more
Oando Plc, Nigeria’s indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange has earned a Profit-After-Tax of N3.5 billion in 2016 compared to a loss of N47.6 billion in 2015. This represents an increased of 107 per Read more
To consolidate its earnings and position in the sugar industry, Dangote Sugar Refinery Plc has concluded plans to intensify its refined sugar from locally grown sugarcane. The move will aid self-sufficiency in sugar production and eliminate reliance on foreign exchange, Read more