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Nigeria’s Cocoa Price Rises 21% In 3 Weeks, as Flooding Cuts...

-- Price per metric ton rose to N700,000 ($2,282.36) from N580,000 The price of cocoa beans in Nigeria, the country’s second-largest export earner after oil,...

Nigeria’s Railway Ambition Suffers Setback as GE Pulls Out of $2...

General Electric(GE) withdraws it's proposed $2 Billion investment deal in Nigeria’s Railway, according to report. Nigeria’s ambition to revamp its old and dilapidated rail network and...

Ongoing Investigations uncover serial alleged frauds by Skye Bank Plc’s managers...

Fraudulent and false accounting, manipulation of accounting records to present false profits and ratios, unlawful loan and credit facilities, non-disclosure of directors’ interests and...

Key to Unlocking Potential of Industry 4.0 for Developing Countries —...

-- Knowledge-Sharing Awareness The potential of Industry 4.0 may not be realised without knowledge-sharing to raise awareness about the challenges and opportunities in it. This was...

Apple iPhone sales fears rock Wall Street as shares sank by...

Apple shares sank by 5% on Monday, dragging down US markets and wiping more than $40bn (£31bn; €35bn) off the tech giant's market value. The...

Oil Firms Move From Worst To Best As Profit Surges —...

-- Access, Ecobank, GTBank, First Bank Holdings, Stanbic IBTC Holdings, United Bank for Africa (UBA), Union Bank of Nigeria, and Zenith Bank- saw cumulative net...

Access Bank Set To Acquire Diamond Bank — in TALK

-- Talks on for Access Bank to acquire Diamond Bank Access Bank is set to add Diamond Bank’s portfolio to its assets in the next...

Report Cases of Illegal Charges By Banks — CBN Tells Customers

-- CBN would not do is to allow your banks to reap you off The Central Bank of Nigeria (CBN) has advised bank customers to...

Rehabilitation of Refineries: NNPC sets to announce investors

-- NNPC, Financiers Negotiate Abroad on Refineries Rehabilitation The Nigerian National Petroleum Corporation looks set to announce investors for the proposed rehabilitation of the nation’s...

Naira appreciates against Dollar amid weekly $210m injection by CBN

The local currency appreciated against the Dollar at the close of the trading last week amid weekly injections of $210 million by Central Bank...

CBN To Sanction Banks For Using A State Code For Another

-- CBN mandates all lenders to activate MICR reject/repair flag on their clearing system, for accurate cheque reject/repair statistics report and good decision making...

FG Insist On Signing AfCFTA Despite Opposition From MAN

Despite opposition from the Manufacturers Association of Nigeria (MAN), sources from the federal government told Real Sector Watch over the weekend that Nigeria will...

Dollar Nears 16-Month High, Sterling Hit By Brexit Uncertainty

Dollar index against other major currencies edged up 0.1 percent on Monday to 97.02, just below its 16-month high of 97.2 hit on Oct....

‘Oil could hit $100/barrel if supply crunch worsens’ — report

An average price of $80 a barrel for this quarter is “realistic,” with spikes to $90 or even $100 possible if further disruptions worsen...

Nigerian Banks lost N12bn to robbery, fraud in 6 months –...

N12bn lost through armed robbery attacks, fraudulent Automated Teller Machine withdrawals , pilfering of cash, stealing, suppression, defalcation, illegal funds transfer and conversion of...

Nigeria loses N128bn in 5 months from flaring commercial gas —...

Nigeria lost $416.224 million, about N127.78 billion to gas flaring in the first five months of the year, as oil and gas companies operating...

Anchor Insurance declares 2Kobo dividend, pays N540m claims

One of Nigeria’s leading underwriting firms, Anchor Insurance, has declared a dividend of 2Kobo per ordinary shares for the year ended 2017. The dividend, which...

Fuel Scarcity: NNPC Dispels Report Of Looming Petroleum Products Shortages

NNPC assures Nigerians the threat of strike action by the Nigeria Labour Congress (NLC) would not affect petrol products across the country The Nigerian National...

Petroleum Products Subsidy Debts

Federal Government of Nigeria owed his members N650 billion in unpaid subsidy arrears -- DAPPMA One of the most troubling issues in Nigeria’s economy today...

CBN and THE CURRENCY HAWKERS over dirty naira currencies in circulation

Culprits will be convicted by the mobile courts deployed nationwide to enforce the law risk a jail term of about six months or a...

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