Why West Africa nations’ economies stagnate, by experts
By Theresa Igata West African countries have been warned against dependence on primary commodity exports which has grave implications for their long term macroeconomic stability and their ability to withstand…
Financial Inclusion: First Bank storms over 3,000 schools
First Bank of Nigeria Ltd., a member of FBN Holdings Plc, on Tuesday commenced its Corporate Responsibility and Sustainability (CR&S) Week in over 3,000 secondary schools across the country to…
Fidelity Bank activates keyboard payment solution
Fidelity Bank Plc has inaugurated an innovative solution, tagged “Flashkey”, designed primarily to allow customers send money and pay bills using their phone keyboards without recourse to online banking platform….
20 German firms want to invest in Nigeria
No fewer than 20 German firms are in Nigeria to explore investment opportunities in the country. The Chief Executives of the visiting firms, led by the Minister of Industry, Trade…
Nigeria’s inflation drops to 11.61 % in May – NBS
The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI), which measures inflation for May, decreased to 11.61 per cent (year-on-year) from 13.34 per cent recorded in April….
Malabu oil deal: Italy Supreme Court rejects Shell’s plea to reverse trial
Italy’s Supreme Court threw out an appeal from Shell and four former Shell managers to stymie a corruption trial that has also involved Eni’s chief executive, legal sources said on…
The Naira strengthens against dollar at parallel market
June 13, 2018 The Naira on Wednesday gained 50 kobo to firm against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Nigerian…
Panel recovers $7m stolen money lodged in Heritage Bank; probes Celtel, others
The Special Presidential Investigation Panel (SPIP) for the Recovery of Public Property has recovered seven million dollars (N2.1 billion at official rate) illegally kept in Heritage Bank. Chairman of the…
Global security targets Nigerians, others with properties in Dubai
Investigations by the Organised Crime and Corruption Reporting Project (OCCRP) and the Centre for Advanced Defence Studies (C4ADS) released today raise global red flags that Dubai has become an open…
Global oil prices numb to historic Trump-Kim Summit
The markets shrugged at the historic meeting between President Trump and North Korean dictator Kim Jong Un. Both sides hailed the summit as a breakthrough, with a pledge towards denuclearization,…