Business & Economy

Despite the challenge of not being at the main operational entry points (Ports) in the country, the Standards Organisation of Nigeria (SON) has been vibrant and alive to its statuary function of ridding the country of sub-standard…

THE Central Bank of Nigeria (CBN) said it will grant more licences for payment service banks but set a minimum capital base of N5 billion ($13 million) which could deter telecoms firms and some other potential new entrants to the digital…

Chidi Ogbuokiri In keeping with the times as occasioned by the Covid-19 pandemic, PZ Wilmar through its premium brand; Mamador, successfully hosted the first ever virtual August Women Meeting. The Mamador August Women Meeting which was…

The Bank of Industry won two awards at the 202o African Banker Awards that recently held on the sidelines of the African Development Bank (AfDB) annual meeting. BOI was named the SME bank of the year and was also recognised for raising…

Chidi Ogbuokiri The Federal Government has saved $2 billion on Engineering Procurement and Construction (EPC) contract for Nigeria LNG Train 7 Project through the Nigerian Oil and Gas Industry Content Development (NOGICD) Act…

Chidi Ogbuokiri The Central Bank of Nigeria’s decision to resume the supply of dollars to Bureau de Change operators is raising the risk unscrupulous traders profiting from the country’s multiple exchange rates, according to Rand…

The Petroleum and Natural Gas Senior Staff Association of Nigeria has elected Festus Osifo as its new president. Osifo won the election that took place on Thursday at the 6th Triennial National Delegates Conference of the union at…

The Nigerian Senate has instructed the Accountant General of the Federation, Ahmed Idris to investigate payments totalling $18 billion as dividends from Nigeria’s investment in Nigeria Liquefied Natural Gas (NLNG) between 2004 and 2019,…

Chidi Ogbuokiri The Central Bank of Nigeria (CBN) is trying to force non-oil exporters to process dollar proceeds through domestic lenders to increase dollar liquidity and support the ailing currency, a circular seen by Reuters showed. …

Chidi Ogbuokiri The Standards Organisation of Nigeria (SON) yesterday in Lagos destroyed substandard LPG Cylinders and roofing sheets worth over N450 million A breakdown of the products which SON said were imported from China and…