Other News

First Bank Denies Hiding NPA Funds
Big Business

First Bank Denies Hiding NPA Funds

In line with the allegations that First Bank and another commercial bank are hiding funds belong to the Nigerian Ports Authority, NPA, First Bank has issued an official statement to refute the allegations. “In view of the media story making the rounds on the NPA funds allegedly concealed in the […]

Abuja To Host EnergyNet Power Nigeria Conference
Policy

Abuja To Host EnergyNet Power Nigeria Conference

Power availability in Nigeria has somewhat improved in the last three weeks. However, Nigeria still does not have a stable power supply that can guarantee an economic expansion. EnergyNet a power generation forums organiser hopes to make a difference. As a result of this challenge, leading development finance institutions and heads […]

BDCs Now Get USD50,000 Weekly
Policy Uncategorized

BDCs Now Get USD50,000 Weekly

The need to increase Dollar (USD) liquidity in the retail side of things has finally forced the CBN to increase weekly sales of forex to Bureau de Change, BDC operators from USD30,000 to USD50,000 weekly. Last week, the CBN had announced that all BDCs will be entiitled to only USD30,000 […]

Former FIFA President Joao Havelange Dies At 100
Sports

Former FIFA President Joao Havelange Dies At 100

If there is someone the footballing world will never forget, it would be erstwhile and longest-serving President of world football governing body, FIFA Joao Havelange, who just passed on. He died at age 100, on Tuesday in Rio de Janeiro’s Samaritano Hospital, according to a statement from the medical center. […]

AG Leventis To Raise Fresh Capital
Big Business

AG Leventis To Raise Fresh Capital

AG Leventis, a composite foods company has disclosed that it will be raising fresh capital to shore its balance sheet as a going concern. The Executive Vice Chairman of A.G Leventis, Mr. Michail Economakis disclosed this at the Nigerian Stock Exchange. He made the disclosure at the ‘Facts behind the figures’ presentation […]