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Tuesday, December 12, 2017
Business

Business

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Telecommunications giant, MTN has admitted contravening laws regulating the transfer of huge funds out of the country without obtaining a Certificate Of Capital Importation (CCI) before the Senate according to its Chief Executive Officer, Fedi Moolman. The Senate committee on...
Nigeria hopes crude prices will stabilise in a range around $42 to $50 a barrel, the Minister of Finance, Kemi Adeosun, said on Friday in London. Adeosun said: “The oil price now looks stable and that is a good thing...
The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammed Barkindo, on Monday disclosed that the organisation lost $1 trillion to dwindling oil prices. Barkindo, who is in Nigeria on a four-day working visit, said this at a...
In pursuit of its borrowing plans for budget deficit funding, the Debt Management Office, DMO, yesterday, said it would raise N100 billion in local currency denominated bonds on behalf of the government next week. This came against the plan to...
The Abuja-Kaduna high speed train project is ready. The official test-run of the transport system took place yesterday. It begins full commercial operations once it is inaugurated by President Buhari in July. See more photos:
Aliko Dangote, president of Dangote Group, is building the world’s largest greenfield refinery, with a starting refining capacity of about 600,000 barrels of oil per day. Much more interesting is the geographical size of the refinery, which Dangote puts at...
Nigeria will have to devalue the naira and loosen monetary policy to stimulate Africa's biggest economy hit by a plunge in oil prices, former central bank governor Lamido Sanusi said on Friday, criticising the bank's currency policy. Sanusi was removed...
The Lagos State Commissioner for Science and  Technology, Mr Olufemi Odubiyi has inaugurated the Digital Bananas Technology hub (DBT) at Onikan, Lagos. The DBT is  set to empower thousands of Nigerian youths in the acquisition of practical and relevant work experience...
The Central Bank of Nigeria (CBN) yesterday said it is working out regulatory framework that would enable it to either blacklist fraudulent bank customers, or at least, place them on watch-list across the banking industry. CBN Director, Banking and Payment...
Ghana’s transport minister has resigned after reports that her ministry overspent 3.6 million cedis ($947,000) to paint more than 100 buses in national colours and with portraits of Ghana’s recent leaders. The branding, by a private firm, involved respraying the...
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