Business & Economy

The Bank of Industry won two awards at the 202o African Banker Awards that recently held on the sidelines of the African Development Bank (AfDB) annual meeting. BOI was named the SME bank of the year and was also recognised for raising…

Chidi Ogbuokiri The Federal Government has saved $2 billion on Engineering Procurement and Construction (EPC) contract for Nigeria LNG Train 7 Project through the Nigerian Oil and Gas Industry Content Development (NOGICD) Act…

Chidi Ogbuokiri The Central Bank of Nigeria’s decision to resume the supply of dollars to Bureau de Change operators is raising the risk unscrupulous traders profiting from the country’s multiple exchange rates, according to Rand…

The Petroleum and Natural Gas Senior Staff Association of Nigeria has elected Festus Osifo as its new president. Osifo won the election that took place on Thursday at the 6th Triennial National Delegates Conference of the union at…

The Nigerian Senate has instructed the Accountant General of the Federation, Ahmed Idris to investigate payments totalling $18 billion as dividends from Nigeria’s investment in Nigeria Liquefied Natural Gas (NLNG) between 2004 and 2019,…

Chidi Ogbuokiri The Central Bank of Nigeria (CBN) is trying to force non-oil exporters to process dollar proceeds through domestic lenders to increase dollar liquidity and support the ailing currency, a circular seen by Reuters showed. …

Chidi Ogbuokiri The Standards Organisation of Nigeria (SON) yesterday in Lagos destroyed substandard LPG Cylinders and roofing sheets worth over N450 million A breakdown of the products which SON said were imported from China and…

Gas, transmission, distribution and other constraints made Nigeria’s power sector to lose about N468.4bn between January and August 21 this year, latest documents on the industry’s performance have shown. Also, the constraints in the…

The Assets Management Corporation of Nigeria has handed over a landed property and all the assets on it popularly called the Ambrosini Property at Ebute Meta to the Cathedral Church of St. Jude after almost 100 years that it was leased…

New York (CNN Business)America remains in a deep downturn and is running a serious risk of a worsening recession that will last at least another year, economists warned Monday.About half of the National Association of Business Economists …