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Business

Beware of Unregistered Money Transfer Operators—CBN

August 6, 2016
Nigerians have been advised by the Central Bank of Nigeria (CBN) to be careful of unwholesome activities of some unlicensed International Money Transfer Operators (IMTOs) in Nigeria. CBN said this warning became necessary due to activities of some unregistered IMTOs, whose modes of operation were detrimental to the Nigerian economy. The apex financial institution in Nigeria stressed that all financial
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AMCON Recovers N644b From Debtors

August 6, 2016
Not less than N644 billion has so far been recovered from debtors by the Asset Management Corporation of Nigeria (AMCON). Chief Executive Officer of the agency, Ahmed Kuru, disclosed in a press briefing in Lagos that AMCON would continue to engage debtors to pay up their debts. Kuru said 80 per cent of the bad loans it acquired from banks
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Nigeria, Spain Fortify Ties On Oil & Gas

August 6, 2016
Nigeria and Spain are to make stronger their bilateral trade relationship in oil and gas for the benefit of the two countries. Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Kachalla Baru, disclosed on Thursday in Abuja while receiving the Spanish Ambassador to Nigeria, Mr Alfonso Barnuevo to the NNPC Towers. Baru noted that NNPC as
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EU Entrepreneurs In Nigeria For Investment

August 7, 2016
Business Post Nigeria has learnt that a business delegation from the European Union country is in Nigeria seeking to invest in various sectors of the economy. The European entrepreneurs intend to put their resources in the country despite the present downturn in the Nigerian economy. Director General for economic promotion in the country’s foreign ministry, Vincenzo de Luca, says Italy
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NNPC Remitted N55.96b Into Federation Account In June

August 8, 2016
The Nigerian National Petroleum Corporation (NNPC) has disclosed that in June 2016, it transferred the sum of N55.96 billion into the Federation Account. It further said in the same month, a deficit of N26.51 billion was recorded in its operations. NNPC made disclosed these information and others in its monthly financial report for June released in Abuja on Sunday. “NNPC
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Politics

Binance

Court Adjourns EFCC Case Against Binance, Executives Till May 17

April 24, 2024
By Adedapo Adesanya Justice Emeka Nwite of the Federal High Court sitting in Maitama, Abuja on Tuesday, April 23, 2024, adjourned hearing on the bail application of Binance Holdings Limited and its executive, Mr Tigran Gambaryan till May 17, 2024. Mr Gambaryan alongside Binance Holdings Ltd and Mr Nadeem Anjarwalla, (currently at large) are being prosecuted by the Economic and
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Travel

Latest

Meet Africa Fashion Festival MAFEST

Nigeria’s Environment Ministry Endorses MAFEST

By Modupe Gbadeyanka The Meet Africa Fashion Festival (MAFEST) organised by Mena Communications Limited has received the endorsement of the Federal Ministry of Environment. The four-day international event will have an annual Eco-Friendly workshop as one of the programmes, which has pricked
April 23, 2024
Peer-to-Peer lending

EFCC to Clampdown on Peer-to-Peer FX Traders

By Adedapo Adesanya The Economic and Financial Crimes Commission (EFCC) is intensifying fights against those it believes are manipulating the foreign exchange (FX) market through cryptocurrency exchange platforms. The EFCC Chairman, Mr Ola Olukoyede, said on Tuesday that the anti-graft agency has
April 23, 2024
AXA Mansard Business Grants MSMEs

AXA Mansard Gives Three Female-Owned MSMEs Business Grants

By Aduragbemi Omiyale Business grants worth N1.4 million have been given to three female entrepreneurs in the Medium, Small and Medium Enterprises (MSMEs) sector in Nigeria. The funding support was provided to the female-owned MSMEs by AXA Mansard as part of its
April 23, 2024
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