BUSINESS

Talks About Oil Resumption in Ogoniland is Premature and Useless – MOSOP

Talks About Oil Resumption in Ogoniland is Premature and Useless – MOSOP

Movement for the Survival of the Ogoni People (MOSOP) has described as premature and useless, insinuations that oil resumption in Ogoni is possible without adequate negations and due consideration for the interest of the Ogoni people. President of MOSOP Fegalo Nsuke said this yesterday at the MOSOP Secretariat in Bori, headquarters of Khana local government […]

Nigeria Now On Growth Trajectory, Says Jim Ovia

Nigeria Now On Growth Trajectory, Says Jim Ovia

The Chairman of Zenith Bank Plc, Mr. Jim Ovia (CON), has lauded the federal government’s economic team for pulling the economy out of economic recession, acknowledging that the country’s economic outlook shows that it is now on a growth trajectory. Giving his goodwill message at the Deloitte in Dialogue Nigeria Economic Outlook 2019 event on Thursday, […]

Forex: CBN Makes First Intervention Of 2019

Forex: CBN Makes First Intervention Of 2019

Chris Steven, Abuja  The Central Bank of Nigeria (CBN) on Friday, January 4, 2019, made its first intervention in the inter-bank sector of the Foreign Exchange market for 2019 with a total sum of $210 million injected into the wholesale segment and other sectors of the market. A breakdown of the figures obtained from the […]

Pay Without Card, A C’gate Solution, Makes Debut

Pay Without Card, A C’gate Solution, Makes Debut

CoralPay has deployed the first interoperable USSD and mobile payment platform to Nigerians desirous of a seamless and secure payment solution.  The solution, which fulfills the mantra of being Africa’s Gold Standard for payments, allows for enhanced interoperability amongst stakeholders in the payment ecosystem. The solution, according to the CEO CoralPay Chioma Nkechika, allows customers […]

$8.1bn Repatriation: MTN, CBN To Report Settlement Jan 22, 2019

A Federal High Court, Lagos, today, fixed January 22, 2019, for report of settlement on the dispute between MTN Nigeria and the Central Bank of Nigeria (CBN) over the controversy surrounding the alleged repatriation of $8.1bn profits from Nigeria.At the resumed hearing of the matter today, the lead counsel for MTN Nigeria, Chief Wole Olanipekun, […]

Businessman accuses Fidelity bank of illegal withdrawal of $1.8m

Businessman accuses Fidelity bank of illegal withdrawal of $1.8m

A Federal High Court in Lagos will today (Monday) take evidence from a customer with Fidelity bank, Mr. Laitan Adesanya on how the sum of $1.8m deposited in his domiciliary account number 5090619186 allegedly disappeared from his account. Mr. Adesanya had approached the court for an order declaring that the Fidelity bank is liable to […]

Nigeria Air has not been killed – Sirika

Nigeria Air has not been killed – Sirika

Chris Steven, Abuja The Minister of State, Aviation, Hadi Sirika has clarified that the suspension of the national carrier (Nigeria Air) project was not the end of the project. Sirika in a statement issued in Abuja on Tuesday also corrected insinuation that the suspension was as a result of lack of investors. According to the […]

Depositors’ fund with Skye Bank are safe- Emefiele

Depositors’ fund with Skye Bank are safe- Emefiele

Chris Steven, Abuja The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has allayed fears of depositors who have funds with the Skye Bank, saying that their funds were in safe custody. Emefiele stated this Friday after announcing the revocation of the operational licence of the bank. He also announced that Polaris Bank has […]

Coca-Cola plans to produce marijuana-infused drinks

Coca-Cola plans to produce marijuana-infused drinks

Coca-Cola Co (KO.N) said on Monday it was looking closely at the growing marijuana-infused drinks market, responding to a media report that the world’s largest beverage maker was in talks with Canada’s Aurora Cannabis Inc (ACB.TO). The potential product tie-up, reported by Canadian financial channel BNN Bloomberg, could help Coke’s efforts to overcome sluggish demand […]