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My nasty encounter with South African High Commission

*Release my international passport From Funke Osae-Brown Towards the end of January this year, I got an invitation to be in South Africa on the 1st of March, 2017 to experience the new BMW 5 Series. It was an event I had looked forward to considering my love for fast cars …

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Nigerian Govt formally closes Abuja Airport from 7th March

Nnamdi Azikiwe Airport Abuja...will be ready on schedule

*To close from 7th March to 19th April Nigerian government has formally announced temporary closure of the Nnamdi Azikwe International Airport, Abuja. The closure is to pave the way for a major rehabilitation of the runway at the airport. A statement by the Federal Airport Authority of Nigeria (FAAN) says …

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Heritage Bank is strong, healthy – Management

Management of Heritage Bank has described as malicious and untrue report trending in some online media that the Bank should be shut down. The story is about the bank’s financial and liquidity condition that questioned the ability of the bank to honour its obligatory engagements with a customer, Geonel Integrated …

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Osinbajo magic further crashes the Dollar again

*As CBN floods market with more foreign currencies In keeping with its determination to increase liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) on Monday released another $100m into the wholesale forwards segment of the market and pumped an additional $80m into the banks specifically for …

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Poor leadership at the root of Nigeria’s stagnation  – Obasanjo

*We don’t recognise indigenes and settlers in Kaduna – el-Rufai *Strengthen institutional and legal frameworks for doing business – Usman Nigeria’s development has been stunted by lack of competent political leadership, former President Olusegun Obasanjo bemoaned on Sunday. Chief Obasanjo, at a seminar at the on-going Kaduna International Trade Fair in …

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FG adds more economic woes on Nigerians

Godwin Emefiele Nigeria's Central Bank Governor...see how 'safe' your banks are

*Re-introduce banking charges to several pilfering billings Central Bank of Nigeria (CBN) has re-introduced charges on deposits and withdrawals despite the very harsh economic hardship that is already strangulating the citizenry. The disclosure was made at the weekend following the Bankers’ Committee 493rd meeting held on Tuesday. In addition to …

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FG establishes agencies to aid export promotion -Awolowo

*Kaduna International Trade Fair on now In a bid to boost export trade and foreign earnings, the Federal Government has mandated the Nigerian Investment Promotion Commission and the Presidential Enabling Business Environment Council (PEBEC) to join the existing export agencies. Disclosing this at the weekend was the Director General of …

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Osinbajo crashes Dollar badly, now N398

Prof Yemi Osinbajo praises DFID, UK government

*Economic pundits applaud tiered exchange rates By Olajide Fashikun Acting President Yemi Osinbajo may have been certain things right such that has led the Central Bank of Nigeria (CBN) to have adopted the tiered exchange rate. Within the last 144 hours, the Naira has been strengthened. As at last night, …

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CBN returns cashless charges on bank deposits

Godwin Emefiele Nigeria's Central Bank Governor...asked for billions for police

Central Bank of Nigeria (CBN) Thursday, returned charges on cash deposits in banks, which would take effect at different dates in different parts of the country. Director, Banking and Payments Systems Department, Mr. Dipo Fatokun, announced this in a circular entitled: “Circular on nationwide implementation of the cashless policy.” The …

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