Archives for April, 2017 - Page 2
Access to Forex by SMSEs: CBN vows to sanction defaulters
The Central Bank of Nigeria (CBN) said it deal decisively with any financial institution that deny access to Forex by small and medium-scale enterprises. Fielding questions with journalists on the…
DSS raids PenCom, summons ex-DG
The operatives of the Department of State Service has raided the office of National Pension Commission (PenCom) in Abuja, following the refusal of the former Director General of the commission,…
CBN intervenes with $100m in FOREX Market …Banks only able to pick up $68.51 million …To sell $20,000 to BDCs
Following its injection of $280 million into the Foreign Exchange Market on Tuesday, April 18, 2017, the Central Bank of Nigeria (CBN) again on Wednesday, April 19, 2017, carried out…
Dangote Floor divests from noodles production … sells firm to Indomie maker, Dufil
In a bid to focus on its core areas of business, Dangote Flour Mills (DFM) Tuesday announced that has exited its noodles business, on the ground of not the segment…
World economy shrugs off political risks as prospects across Sub SaharanAfrica improve
Global business confidence rebounded in the first quarter of 2017 and is now at its highest level since the second quarter of 2015 said the latest edition of the Global…
Transcorp listed among top 500 companies in Africa
Transnational Corporation of Nigeria (Transcorp) has made the list of Africa’s top 500 companies recently released by The Africa Report a leading news magazine publication owned by Paris-based media group,…
Law Union & Rock settles N380 million claims in 2017 Q1
Law Union & Rock Insurance Plc. said it has settled claims worth N380 million within the first quarter of this year against billion paid in the 2016 financial year and…
NLNG MD joins NESG Board
Nigeria LNG Limited Managing Director and Chief Executive, Mr Tony Attah, has been appointed to the Board of the Nigerian Economic Summit Group (NESG). NESG is a leading private sector…
FirstBank Provides Secure and Convenient Money Transfer Services to Customers
As the most valuable banking brand in Nigeria, First Bank of Nigeria Limited has been on a journey of strength and dynamism committed to providing the best financial solutions to…
LSETF promotes ‘Made in Lagos’ with Two-Day Export Workshop
In keeping up with its commitment to creating an enabling environment for small businesses to thrive in Lagos State, The Lagos State Employment Trust Fund (LSETF) will hold a two-day…