• USA

    Naira reverses loss after dropping to 500/dollar

    Oyetunji Abioye The naira dropped against the United States dollar from 498 to 500 at the parallel market during the early trading hours on Monday, crossing the critical threshold currency analysts had predicted. Foreign exchange traders linked the development to relative scarcity of the greenback in the forex market. The ...

  • Nigeria

    Has CBN’s forex restriction on 41 items helped local industries?

    The restriction of foreign exchange on the importation of 41 items by the Federal Government through the Central Bank of Nigeria has not been helpful generally in the industry. To start with, we have had several engagements with the Federal Government on the list of the 41 items. Our position ...

  • Nigeria

    Reps to probe corruption allegations at NAICOM

    Ifeanyi Onuba, Abuja The leadership of the House of Representatives has mandated its joint committee on Insurance and Actuarial Matters; Finance and Labour; Employment and Productivity to commence investigations into the protracted face-off between the management of the National Insurance Commission and the workers’ union. The workers, under the aegis ...

  • Nigeria

    Market posts N38bn loss as 21 stocks tumble

    Opeyemi Soyoye The Lagos State Government said on Monday that it would partner Service City and Microsoft to create a platform to support operators of small and medium-scaled enterprises and artisans in the state. The Commissioner for Wealth Creation and Employment, Babatunde Durosinmi-Etti, spoke at the Service City/Microsoft Digital Literacy ...

  • Nigeria

    LASG creates platform to support SMEs, artisans

    Opeyemi Soyoye The Lagos State Government said on Monday that it would partner Service City and Microsoft to create a platform to support operators of small and medium-scaled enterprises and artisans in the state. The Commissioner for Wealth Creation and Employment, Babatunde Durosinmi-Etti, spoke at the Service City/Microsoft Digital Literacy ...

  • Nigeria

    Bankole, Obanikoro, Okupe, others meet over S’West economy

    Olufemi Atoyebi, Ibadan   A former Speaker of the House of Representatives, Dimeji Bankole; a former Minister of State for Defence, Musiliu Obanikoro; and a former Senior Special Assistant on Public Affairs to ex-President Goodluck Jonathan, Doyin Okupe; were among members of the Yoruba Patriots Movement that met behind closed ...

  • Nigeria

    Comply with stamp duty ruling, NECA tells CBN

    Ife Ogunfuwa The Nigeria Employers’ Consultative Association has expressed concern over the failure of the Central Bank of Nigeria to comply with the Court of Appeal’s ruling directing all Deposit Money Banks to discontinue charging N50 on every deposit into current accounts above N1,000. The employers’ group, in a statement ...

  • Argentina

    Decomisan casi dos toneladas de tomate ilegal en el Abasto

    Un total de 1.840 kilos de tomate de procedencia argentina, pero sin documentación alguna que respalde su ingreso legal al país, fue decomisado ayer a la tarde en el Mercado Central de Abasto de Asunción.

  • USA Nigeria Regno Unito

    Trump defends travel ban as Obama backs protests

    Business giants kick 1.3m sign petition in UK against president Former United States President Barack Obama yesterday gave his backing to the global protests against the travel ban by President Donald Trump. Citizens of seven mainly-Muslim countries have been banned from entering the United States for 90 days while refugees ...

  • Nigeria

    CBN, AGF trade blame over oil bloc account

    • House summons Kupolokun WHO has the records of Oil Prospecting Licence (OPL) 257’s proceeds? At the public hearing on the investigation of $22billion OPLs and Oil Mining Leases (OMLs) conducted yesterday by the Gideon Gwani-led ad hoc Committee, the Central Bank of Nigeria ( CBN ) and the Office ...