How banks make free money from govt funds — Ex-CBN gov, Sanusi
The oppressive impact of the myriad charges on the transactions of every owner of a bank account in Nigeria was the subject of discussion in this column in recent weeks. Read more
The oppressive impact of the myriad charges on the transactions of every owner of a bank account in Nigeria was the subject of discussion in this column in recent weeks. Read more
AS Fintech and investment into the space continues to gain traction around the globe, the Nigerian Stock Exchange, NSE, said it plans to explore new technologies including blockchain and Distributed Ledger Technology (DLT) for capital raise. Read more
This is where tonne after tonne of household recycling from yellow-topped bins ends up after it is hauled away from kerbs across the city — milk bottles, cereal boxes, tins, beer cans. Read more
The Federal Government’s announcement that it would undertake a gradual phase out of fuel subsidy, weekend, triggered panic buying of Premium Motor Spirit, PMS, also known as petrol, across some states of the federation. Read more
Kachikwu made this known while briefing newsmen after facility tour of ExxonMobil Erha Floating Production Storage and Offloading vessels (FPSO) in Lagos on Sunday. Read more
Out of 390 oil blocks in the country, 211 are yet to be allocated by the Federal Government, latest data obtained from the Department of Petroleum Resources have shown. Read more
There is increasing public concern on the forced burden of the serial rape of tens of millions of bank customers’ accounts, with a multiplicity of charges, which dove-tailed the Central Bank of Nigeria’s facilitation of the cashless policy and related electronic settlement of transactions. Read more
The Nigerian National Petroleum Corporation has recorded a trading surplus of N12.13bn, the monthly financial and operations report of the firm for December 2018, which was released on Sunday in Abuja, has stated. Read more
The Central Bank of Nigeria on Monday unveiled fresh plans to revive the palm oil value chain to enable the sector to generate foreign exchange and reduce the level of unemployment in the country. Read more
Nigeria’s lender, Zenith International Bank PLC, yesterday announced it recorded about N193billion in profit after tax in its Group Accounts for the financial year ended December 31, 2018. Read more
The presidential directive to the Nigerian Petroleum Development Company Limited (NPDC) to takeover operation of the entire Oil Mining Lease (OML) 11 from Petroleum Development Company (SPDC) has been denounced by the Ogoni people. Read more
After more than six decades of production, Nigeria still has over 41 billion barrels of crude oil reserves untapped, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has disclosed. Read more
With India signing an agreement to import 0.6 million barrels of oil from the United States, Nigeria’s crude exports could further be threatened if new markets are not explored, a new report has revealed. Read more
The $42.5 billion foreign reserves as at December last year is enough to guarantee 13-month import cover for the country, a report by the Central Bank of Nigeria (CBN) has shown. Read more
President Donald Trump announced March 13 that the United States was grounding Boeing’s 737 Max 8 and Max 9 aircraft. Boeing lists three major American airlines that currently use the 737 Max — American (24 planes), Read more
A letter in possession of Daily Sun with reference number SH/COS/24/A/8540 addressed to the Group Managing Director of NNPC, Mr. Maikanti Baru, and signed by the Chief of Staff to the President, Mr. Abba Kyari, directed the corporation to take over the operatorship of OML 11. Read more
MTN Nigeria’s planned listing on the Stock Exchange would be actualised when its alleged outstanding $2billion tax issue is resolved. Read more
Nigeria’s provisional balance of payment, which was in deficit in the third quarter of 2018, recorded a surplus of $2.8m in the last quarter of 2018. Read more
The Economic and Financial Crimes Commission has reopened the 10-year-old fraud trial of a former Managing Director of the defunct Intercontinental Bank Plc, Dr Erastus Akingbola. Read more
Ten companies, led by Dangote Cement Plc, account for 71 per cent of the market capitalisation of the equities listed on the Nigerian Stock Exchange (NSE), THISDAY investigation has shown. Read more