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Godwin Emefiele Exchange Rate

Lawmaker Blasts Emefiele Over “Scary” Exchange Rate

September 14, 2021
By Adedapo Adesanya A member of the House of Representatives, Mr Tajudeen Adefisoye, has lambasted the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, for failing to honour invitations to him to explain to Nigerians his different policies, including the exchange rate regime. The lawmaker, in a post on Twitter, said the central banker behaves as if
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five highest dividend-paying stocks

Top Five Highest Dividend-Paying Stocks on NGX

September 14, 2021
By Dipo Olowookere Investing in stocks on the Nigerian Exchange (NGX) Limited in 2021 has made some investors richer in the midst of the harsh economic environment in the country. Data from the exchange has shown that in this year alone, investors have earned over N700 billion from dividend payout by companies trading their shares on the Lagos-based bourse. Business
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Lagos relaxes curfew

Fitch Upgrades Lagos Ratings to AAA

September 14, 2021
By Adedapo Adesanya Fitch Ratings has upgraded Lagos State ratings from AA+ (nga) to AAA (nga) for its good standing in terms of its debt sustainability and resilience. This was disclosed by the state’s Commissioner for Finance, Mr Rabiu Olowo, who noted that the lifting of Lagos ratings to AAA reflects the state’s strength compared with national peers as well
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Non-Oil Sector

How Exporters Can Boost Non-Oil Export With e-Commerce—NEPC

September 14, 2021
By Ashemiriogwa Emmanuel The Nigerian Export Promotion Council (NEPC) has tasked exporters in the country to explore e-commerce to boost Nigeria’s non-oil export sector and reach global markets. The Regional Coordinator, South West, NEPC, Mr Samuel Oyeyipo, made the call while speaking at a sensitization workshop organized by the agency in Lagos themed Earn Dollars by Selling on Amazon. Speaking
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Solid Minerals Sector

CBN has Abandoned Solid Minerals Sector—Minister

September 14, 2021
By Adedapo Adesanya The Minister of State for Mines and Steel Development, Mr Uche Ogah, has accused the Central Bank of Nigeria (CBN) of neglecting the country’s mines and solid minerals sector. He claimed that the nation’s apex bank seems to have abandoned the sector because it not believe in the industry despite the many potentials it could bring as
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Politics

lagos building permits

Lagos Waives Penal Fees for Property Owners Without Building Permits

April 16, 2024
By Aduragbemi Omiyale Property owners and developers who did not obtain the requisite building permits before erecting their structures in Lagos State now have a 90-day grace to obtain their approvals without the payment of penal fees. A statement signed by the Permanent Secretary in the Ministry of Physical Planning and Urban Development, Mr Oluwole Olumide Sotire, said the Governor
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Travel

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Asian Equities Depreciate as Trade Tensions Worry Investors

By Investors Hub Asian stocks fell on Wednesday to extend recent losses as investors continued to fret about trade tensions and the turbulence in emerging markets, with South Africa slipping into a recession for the first time since 2009. A cautious undertone
September 5, 2018

European Stocks Fall as US, Canada Resume Trade Talks

By Investors Hub European stocks have fallen on Wednesday as increased trade tensions between the U.S. and its key partners as well as the spreading sell-off in emerging market currencies dented investors’ appetite for risk. Markets are also bracing for a potential
September 5, 2018
US Stocks report

Ongoing Trade Concerns May Weigh on US Stocks

By Investors Hub The major U.S. index futures are pointing to a lower opening on Wednesday, with stocks likely to add to the modest losses posted in the previous session. Ongoing trade tensions between the U.S. and its key partners are likely
September 5, 2018

CBN Supports Naira at Forex Market With Fresh $210b

By Dipo Olowookere The foreign exchange market was strengthened on Tuesday with another injection done by the Central Bank of Nigeria (CBN). A statement issued by the apex bank disclosed that the sum of $210 million was injected into the inter-bank segment
September 5, 2018
Patrick Akinwuntan Ecobank Nigeria

Akinwuntan Assures Nigerians More Customer-Friendly Ecobank

By Dipo Olowookere Managing Director and Regional Executive of Ecobank Nigeria, Mr Patrick Akin Akinwuntan, has said Nigerians can expect a more customer-friendly Ecobank under his leadership. Mr Akinwuntan was recently announced by the board of the lender to replace Mr Charles
September 5, 2018
Reserves

Why Nigeria’s Foreign Reserves Lost $2b in 2 Months

By Dipo Olowookere For the second consecutive month, Nigeria’s external reserves depreciated, closing at $45.8 billion at the end of August 2018. In July and August 2018, the total amount lost by the foreign reserves of Africa’s largest economy was $1.95 billion.
September 5, 2018

Diamond Bank, Facebook Train 120 Female SME Owners

By Dipo Olowookere More than 120 female business owners in Calabar, Cross River State were recently trained by Diamond Bank in partnership with Facebook. The event was the commencement of the first phase of training targeted at Small and Medium-scale Enterprises (SME)
September 5, 2018
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