The CBN needs to do a better job of promoting mobile money services. While it frequently talks about its cashless initiative, it appears to make little reference to the services that will help it achieve that end.
As stock values plummeted consecutively for three days, the Nigerian Stock Exchange on Wednesday appealed to shareholders to the halt further dumping of their stocks.
The ever-rising prices of commodities in Nigerian markets, a nation blessed with numerous human, natural and material resources, is alarming. Unless government rises to curtail this trend, the masses should expect perpetual suffering.
Succor has come the way of users of palm oil in Nigeria . Malaysia , the country, which took the oil palm seeds away from Nigeria several years ago, is planning to flood the market from its silos in Ghana . Besides, some 5,000 metric tonnes of the commodity have arrived at the Apapa Bulk [...]
The Central Bank of Nigeria (CBN) and the management of the Savannah bank are soon to finalise arrangement for the commercial bank to resume full banking activities. The bank has since concluded its due diligence with the Nigerian Deposit Insurance Corporation (NDIC), the apex insurer of depositor’s funds. The apex bank would verify the funds [...]
Anyone who has experienced the “molues” and “danfoes” – the notorious buses and minibuses of Lagos – will understand the word anarchy. They carry huge numbers of people round the African mega-city but they respect no traffic lanes, bus-stops or policemen, many are falling apart and they belch some of the the dirtiest smoke in [...]
A British businessman helped to channel bribes totalling more than $100m (£65m) to top Nigerian politicians to land lucrative gas contracts, an extradition hearing was told yesterday. US prosecutors want to fly 72-year-old retired sales executive, Wojciech Chodan, to Texas to stand trial for his alleged involvement in a decade-long bribery scheme. He faces up [...]
For the first time the history of the country, price of properties are on the down ward trend falling as much as ten percent. Real sector experts attribute this unprecedented turn around in fortunes to the on going banking sector reforms. Investigations reveal that price of some properties, mostly in the high end of Lagos [...]
