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Halts Issuance of License To BDCs Retains Lending Rate The Central Bank of Nigeria (CBN) has banned the sale of foreign exchange (Forex) to Bureau De Change (BDCs) operators in a major clampdown on their operations in the country. CBN Governor, Mr Godwin Emefiele, while announcing this on Tuesday hinged the decision on the discovery…
July 27, 2021
President Muhammadu Buhari, on Monday has signed the 2021 Supplementary Appropriation Bill of N982,729,695,343 into law. The Senior Special Assistant to the President on National Assembly Matters, (House of Representatives), Umar El-Yakub, made this disclosure during a press briefing at the Presidential Villa, Abuja. El-Yakub stated that the supplementary budget will be primarily used to…
July 26, 2021
When in February, the Central Bank of Nigeria (CBN) directed banks and other financial institutions to cease transactions in cryptocurrencies and facilitating payment for cryptocurrency exchanges, several stakeholders raised concern about the directive. In the memo, dated February 5, the apex bank instructed banks and other financial institutions to identify individuals or entities that transact…
July 24, 2021
The Federal Government has inaugurated the governing board of the Nigeria Extractive Industries Transparency Initiative to enhance the smooth running of its administration. Secretary to the Government of the Federation, Boss Mustapha, who performed the inauguration on Thursday in Abuja, congratulated the members, saying their appointment as NEITI board members was based on individual merits…
July 22, 2021
With more women moving into traditionally male-dominated industries and a rise of millennial women globally over the past decade, Nigerian women particularly have been taking a cue from the global trajectory as no fewer than eight women are now in the upper echelon of the banking sector in Nigeria, occupying positions that were hitherto reserved…
July 20, 2021
...To 1.829 million bpd The price of brent crude -- international oil benchmark -- dropped by $1.2 to $72.39 per barrel early Monday, less than 24 hours after the Organisation of Petroleum Exporting Countries, (OPEC) and non-OPEC Ministers agreed to increase oil production at a virtual meeting, Sunday. At the 19th OPEC and non-OPEC Ministerial…
July 19, 2021
The Nigerian National Petroleum Corporation (NNPC) started its week with assurance that Nigeria remains on track on the global demand for cleaner energy. Emphasizing on this, the Vice President, Prof. Yemi Osinbajo, at the just concluded 2021 Nigeria Oil and Gas Strategic Conference and Exhibitions (NOG) in Abuja, says the Federal Government is working conscientiously…
July 19, 2021
By Bankole Shakirudeen Adeshina The financialisation of national, family, and individual assets, intellectual properties, and the strategic investment in human capital development and utilisation, have been identified as the new energy fueling global wealth and prosperity. At the 60th Public Lecture of the Nigerian Institute of Management (Charter) held at Idowu Taylor, Victoria Island, Lagos…
July 17, 2021
Chief Executive Officer, Proton Energy, Mr Oti Ikomi has backed the federal government's plan to concession the Transmission Company of Nigeria (TCN) to allow for more efficiency. According to the energy expert, the concession of TCN would transform its operations. The TCN which is currently government-owned was among the 18 companies unbundled from the defunct…
July 17, 2021
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Halts Issuance of License To BDCs Retains Lending Rate The Central Bank of Nigeria (CBN) has banned the sale of foreign exchange (Forex) to Bureau De Change (BDCs) operators in a major clampdown on their operations in the country. CBN Governor, Mr Godwin Emefiele, while announcing this on Tuesday hinged the decision on the discovery…
July 27, 2021
President Muhammadu Buhari, on Monday has signed the 2021 Supplementary Appropriation Bill of N982,729,695,343 into law. The Senior Special Assistant to the President on National Assembly Matters, (House of Representatives), Umar El-Yakub, made this disclosure during a press briefing at the Presidential Villa, Abuja. El-Yakub stated that the supplementary budget will be primarily used to…
July 26, 2021
When in February, the Central Bank of Nigeria (CBN) directed banks and other financial institutions to cease transactions in cryptocurrencies and facilitating payment for cryptocurrency exchanges, several stakeholders raised concern about the directive. In the memo, dated February 5, the apex bank instructed banks and other financial institutions to identify individuals or entities that transact…
July 24, 2021
The Federal Government has inaugurated the governing board of the Nigeria Extractive Industries Transparency Initiative to enhance the smooth running of its administration. Secretary to the Government of the Federation, Boss Mustapha, who performed the inauguration on Thursday in Abuja, congratulated the members, saying their appointment as NEITI board members was based on individual merits…
July 22, 2021
With more women moving into traditionally male-dominated industries and a rise of millennial women globally over the past decade, Nigerian women particularly have been taking a cue from the global trajectory as no fewer than eight women are now in the upper echelon of the banking sector in Nigeria, occupying positions that were hitherto reserved…
July 20, 2021
...To 1.829 million bpd The price of brent crude -- international oil benchmark -- dropped by $1.2 to $72.39 per barrel early Monday, less than 24 hours after the Organisation of Petroleum Exporting Countries, (OPEC) and non-OPEC Ministers agreed to increase oil production at a virtual meeting, Sunday. At the 19th OPEC and non-OPEC Ministerial…
July 19, 2021
The Nigerian National Petroleum Corporation (NNPC) started its week with assurance that Nigeria remains on track on the global demand for cleaner energy. Emphasizing on this, the Vice President, Prof. Yemi Osinbajo, at the just concluded 2021 Nigeria Oil and Gas Strategic Conference and Exhibitions (NOG) in Abuja, says the Federal Government is working conscientiously…
July 19, 2021
By Bankole Shakirudeen Adeshina The financialisation of national, family, and individual assets, intellectual properties, and the strategic investment in human capital development and utilisation, have been identified as the new energy fueling global wealth and prosperity. At the 60th Public Lecture of the Nigerian Institute of Management (Charter) held at Idowu Taylor, Victoria Island, Lagos…
July 17, 2021
Chief Executive Officer, Proton Energy, Mr Oti Ikomi has backed the federal government's plan to concession the Transmission Company of Nigeria (TCN) to allow for more efficiency. According to the energy expert, the concession of TCN would transform its operations. The TCN which is currently government-owned was among the 18 companies unbundled from the defunct…
July 17, 2021
