Exchange Rates: BUY/SELL 1 USD=361/363 NGN, 1 GBP=480/485 NGN, 1 EURO=425/431 NGN

BUSINESS

President Buhari to launch Economic recovery and growth plan tomorrow

President Buhari to launch Economic recovery and growth plan tomorrow

President Buhari will launch the Economic Recovery and Growth Plan (ERGP) 2017-2020 tomorrow April 5th.A statement released by Special Adviser to President Buhari on media and publicity, Femi Adesina, states that the launch of the Economic recovery plan would help in the furtherance of the current administration’s drive to sustain and build on the successes so far recorded in tackling ...

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Tecno launches the PhonePad 3 at a glamorous event in Lagos

Tecno launches the PhonePad 3 at a glamorous event in Lagos

Africa’s frontier phone maker, TECNO Mobile unveiled its latest device at a launch hosted at the alluring Sheraton Hotel, Ikeja, Lagoson Monday, March 27, 2017.L-R Eason Duan, County Manager Tecno Mobile, Nigeria; Attai Oguche, Deputy Marketing Manager, PR and Sponsorships; Chidi Okonkwo, Regional Director, Transsion Holdings, West Africa; King Dong, Marketing Manager, TECNO Tablet Division; Eric iu, TenoTablet Division Manager; Emeka ...

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CBN reduces exchange rate from N370 to N360 for travel allowances, medicals and school fees

CBN reduces exchange rate from N370 to N360 for travel allowances, medicals and school fees

The Central Bank of Nigeria, announced that the exchange rate will be reduce from N370 to N360 for travel  allowances, medicals, and school fees. CBN made the announcement of it’s twitter page.

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AMCON hands over Keystone Bank to new investors

AMCON hands over Keystone Bank to new investors

Following the sale of Keystone Bank to Sigma Golf-Riverbank Consortium by the Asset Management Corporation of Nigeria (AMCON), the new investors have finally taken possession with a view to repositioning the bank immediately.A statement from the bank said the handover took place last Friday after the Completion Board Meeting to consummate the acquisition and pave way for the takeover was ...

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Photos: Pres Buhari receives briefing from CBN governor, Godwin Emefiele

Photos: Pres Buhari receives briefing from CBN governor, Godwin Emefiele

President Buhari today received briefing from CBN governor, Godwin Emefiele at the state house Abuja. He also signed the instrument of ratification of the treaty on the establishment of the Abidjan-Lagos corridor among the Governments of Republic of Benin, Cote D’ivoire, Ghana, Togo and Nigeria. See photos below:

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FG denies reopenning of N-Power portal for new applicants

FG denies reopenning of N-Power portal for new applicants

The Federal Government has denied reports that its has reopened the N-Power portal for new applicants. The Senior Special Assistant on Media & Publicity to the President, Laolu Akande made this known in disclaimer on Tuesday. He said the reports circulating especially on the Social Media that new N-Power applications are now being is false and fraudulent. The disclaimer read thus: ‘Our attention ...

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Cashthrills gives you 200% of your investment

Cashthrills gives you 200% of your investment

This is a sponsored post Cashthrills is a community of people who participate in a peer-to-peer passive income generation. This is a community of like-minds. The need to invest wisely have always been emphasized. Humans always have the desire to increase in wealth. Those who do not mind an extra income, passively flowing into their pockets with ZERO risk. Cashthrills ...

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Facts you need to know about the new mobile electricity service powered by MTN

Facts you need to know about the new mobile electricity service powered by MTN

Recently, MTN Nigeria launched a new initiative to help ease power issues in the country. The company partnered with global solar experts, Lumos, to introduce an innovative alternative source of power supply to homes and small business owners. The Mobile Electricity device is an alternative power supply device that only needs solar energy and an active MTN line to supply power for ...

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Recession: NCC reveals that the internet users in Nigeria declined to 91.2 million in January 2017

Recession: NCC reveals that the internet users in Nigeria declined to 91.2 million in January 2017

The Nigerian Communications Commission (NCC) has revealed that the number of internet users in Nigeria’s telecommunications networks declined to 91, 274,446 in January. This was disclosed in its Monthly Internet Subscribers Data for January 2017. Internet users dropped to 91,274,446 in January as against 91,880.032 users recorded in December 2016, showing a decline of 605,586. GSM service providers, according to the ...

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FG appoints five Directors, GM for NCAA

FG appoints five Directors, GM for NCAA

The Federal government has appointed five new directors and a general manager for Nigerian Civil Aviation Authority NCAA. According to a statement released by the General Manager, Public Affairs of NCAA, Sam Adurogboye, today, February 27th, 2017, announced the newly appointees Which include: Captain Edem Oyo-Ita (Director of Air Transport Regulations, DATR); Ahmed Abbas Sanusi (Director, Human Resources and Administration, DHR & ...

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Naira Extends Gain at Parallel Market, Now N460 to $1

Naira Extends Gain at Parallel Market, Now N460 to $1

The Naira has been gaining steadily against the Dollar as well as other foreign currencies in the parallel market since Tuesday. As at Tuesday the dollar sold for N510 and has dropped to N460 Friday afternoon. This is coming after the Central Bank of Nigeria (CBN) released $500m to the interbank market, of which 23 banks bought $371m. The Pound Sterling and ...

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Imo state launches airline, Imo Air

Imo state launches airline, Imo Air

Imo State Government has entered into a partnership with Dana Air to launch Imo Air, to be operated by the airline. Governor Owelle Rochas Okorocha together with members of the State Executive Council and Imo state residents/indigenes were at the Sam Mbakwe Cargo Airport yesterday to celebrate the acquisition of the first Imo state owned flight. The 140-Seater plane is reportedly one of five ...

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Nigeria Central Bank bars banks from Bitcoins transactions

Nigeria Central Bank bars banks from virtual currency transactions

The Central Bank of Nigeria, CBN, releases a statement signed by its director, financial policy and ‎regulation department, Kelvin Amugo, barring banks in the country from doing any transaction using Bitcoin or any other kind of virtual currency. A virtual currency or virtual money is a type of unregulated, digital money, which is issued and usually controlled by its developers, and used ...

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IMF predicts Nigeria to recover from recession this year

IMF predicts Nigeria to recover from recession this year

The International Monetary Fund IMF, has predicted Nigeria will recover from the current economic recession this year. The international body stated this in its latest World Economic Outlook released yesterday Monday January 16th. According to the outlook, Nigeria’s Gross Domestic Product is expected to grow by 0.8 per cent this year and 2.3 per cent in 2018 due to increased oil production ...

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Union Bank launches Elite Banking in Abuja

Union Bank launches Elite Banking in Abuja

As part of its commitment to provide a range of personalized banking services to its customers, Union Bank, a leading financial institution, recently launched its Elite Banking Segment for the emerging and established middle class in Abuja.At the segment launch which took place at Union Bank’s Abuja Main Branch, elated guests and customers of the bank commented on why Union ...

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MMM unfreeze users account

MMM unfreeze users account

MMM unfreeze users account today, 13th January, 2016, earlier than the date stipulated by the ponzi scheme. It can be racall that MMM had notified its users on 14th December, 2016, that all account will be frozen till 14th January, 2017, and this will prevent users for getting back the investment. But the ponzi scheme has now announced its return ...

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Dangote Tomato factory reopens in February

Dangote Tomato factory reopens in February

The Dangote Tomato Processing Factory in Kadawa, Kura Local Government, will resume production in February. The Factory was suspended in February 2016, due to lack of raw materials. The Managing Director of the Company, Alhaji Abdulkadir Kaita, told  News Agency of Nigeria (NAN), in an interview on Tuesday, in Kano State. He said that: “Preparation for production to resume was ...

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British Airways to stage 48-hour strike from Jan. 10

British Airways to stage 48-hour strike from Jan. 10

Cabin  Crew at British Airways are set to hold a 48-hour strike from January 10, due to an ongoing pay dispute,  the Press Association said on Tuesday, citing the Unite Trade Union. The walkout comes after Unite members voted by 7 to 1 to reject a pay offer from the airline. The strike action which was originally scheduled to hold ...

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Buratai: Civil Rights Attorney issues Fayose 7-days ultimatum to withdraw statement

Buratai: Civil Rights Attorney issues Fayose 7-days ultimatum to withdraw statement

A Civil Rights Attorney, Osuagwu Ugochukwu Esq has asked the Ekiti state Governor, Mr Ayodele Fayose to, within seven days, retract his statement which attempted to cast aspersion on the person of the Chief Of Army Staff (COAS), Lt. Gen TY Buratai or face legal action. The attorney in a statement made available to journalists in Imo state said Fayose ...

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LASG to roll out :Lake Rice” at N13,000 on December 15

LASG to roll out :Lake Rice” at N13,000 on December 15

The Lagos State Government on Thursday said it was ready to roll out Lake Rice on December 15 to Lagosians at N13,000 per 50 kg for the Yuletide celebrations. Sanni Okanlawan, Special Adviser on Food Security to Governor Akinwumi Ambode, made the disclosure in Lagos during the Lagos Chamber of Commerce and Industry (LCCI) National Agriculture Stakeholders Summit. Okanlawan said ...

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