The Rape of the Naira: CBN’s Involvement

By Eric Elezuo After a marathon two days meeting of the Central Bank of Nigeria’s Monetary Policy Committee, chaired by the CBN Governor, Mr. Godwin Emefiele, with 11 of the 12 members present, between March 23 and 24, 2015, the Governor released a communiqué, which considered a whole lot of issues. “In the light of […]

Guinness Nigeria refutes PharmaDeko’s N175m debt claim

Guinness Nigeria Plc confirms that it has responded to a court process at the instance of Pharma Deko Plc which alleges that Guinness Nigeria is contractually indebted to Pharma Deko Plc in the sum of N175, 699, 317.99 representing an arbitral award made against the company and in favour of Pharma Deko Plc and also […]

My High Patronage was a Wakeup Call to Work Harder – David Wej

By Eric Elezuo You will not only be shocked when you meet the man, David Wej for the first time, but will be pleasantly surprised. This is because his achievements goes before him, and presents the image of a larger than life personality. But David Wej is a 40 year old young man, in the […]

NBS: Petrol Price Increases by 36%, Sells at N149

The National Bureau of Statistics said on Wednesday that average price paid by consumers for Premium Motor Spirit known as petrol increased by 35.7 per cent year-on-year in January. This is contained in “Premium Motor Spirit (Petrol) Price Watch for January released by NBS in Abuja. The report stated that Petrol increased by 35.7 per […]

Breaking: FG takes over Arik Air over huge debt

Lifeline seems to have come the way of embattled airline, Arik Air as the Federal Government has taken over its operations today. The Asset Management Corporation of Nigeria (AMCON) said the decision to intervene clearly underscores the government’s commitment to instil sanity in the country’s aviation sector to prevent a major catastrophe in the country. […]

Medview Airlines takes great leap, enters stock market to raise N14billion

Medview Airline, one of Nigeria’s flag carriers will be “Listed by Introduction” on the Nigerian Stock Exchange (NSE) on Tuesday January 31, 2017. Med-View is the first airline to list its shares on the capital in the last decade. The airline also appointed Kedari Capital Limited and Trustyields Securities Limited as financial advisers/issuing house and […]

Independent Marketers Threaten to Stop Lifting Fuel This Week

The over 3, 000 fuel dealers in the South-West geopolitical zone of the country under the aegis of the Independent Petroleum Marketers Association of Nigeria have threatened to stop dispensing fuel in their various outlets this week. It was learnt that many of the marketers had stopped dispensing fuel since last week when they exhausted […]

Opinion: Between Inflation and a hard place by Tokunbo Afikuyomi Jnr

By Tokunbo Afikuyomi Jnr. In its final Monetary Policy Committee meeting for 2016, the Central Bank of Nigeria (CBN) held its main interest rate, the Monetary Policy Rate (MPR), at 14% in November. Price stability and the limitation of monetary policy in affecting output were the main reasons for sticking with its tighter monetary stance, which began with […]

NDIC Begins Secret Staff Recruitment

The Nigerian Deposit Insurance Corporation (NDIC) last week embarked on secret recruitment of staff to fill observed vacancies in the organisation Daily Sun has authoritatively learnt. The latest of such exercise took place last Thursday when scores of applicants were screened for appointments into various cadres in the organisation. But the Corporation said its action […]

NNPC Plans $51bn Investment in Gas Market

Despite the nation’s undiscovered gas potential of 600 trillion Cubic Feet(TCF )the Nigerian National Petroleum Corporation (NNPC) has said about $51 billion investment opportunities exist  in the midstream and downstream gas sector . Group Managing Director of the NNPC, Dr. Maikanti Baru, made this disclosure while delivering a key note address at the Nigerian Gas […]

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