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Business

Money makes the world go round, learn about those who spin the wheel

Business

Nigeria: CBN Suspends 19 Banks From Forex Sale To BDCs

Ella Ukairo | Tech Reporter -
The Central Bank of Nigeria, CBN, has suspended all the banks, with exception of First Bank, from selling dollars proceeds of international money transfer...
Business

Tobacco Giant, Philip Morris To Begin Manufacturing In Nigeria

Ogala Osoka | Staff Reporter -
Philip Morris International, the world's largest tobacco company, has concluded plans to begin manufacturing in Nigeria before the end of 2016. Although they have long...
Business

It’s Illegal To Sell A Dollar For More Than N356 – ABCON President

Agency Reports -
Aminu Gwadabe, president of the association of bureau de change operators of Nigeria (ABCON), says it is illegal for any of his members to...
Business

Chad Slams Exxon Mobil With $74 Billion Fine (7 Times The Country’s GDP)

Wires | The Trent -
A court in the central African nation of Chad has ordered Exxon Mobil to pay $74 billion in fines, a record figure that is...
Business

Forex Regime: Erisco Foods To Shut Down Operations Ending 1,500 Jobs

Agency Reports -
An indigenous firm, Erisco Foods, has said it may be forced to shut down its production in the country due to its inability to...
Business

$150 Million Investment Not $2.2 Billion: General Electric Faults Buhari’s Claim 

Ogala Osoka | Staff Reporter -
General Electric, GE, a US firm has announced that it plans to invest around $150million in Nigeria by 2017. The announcement was made by Jay...
Business

Nigerian Gov’t Accuses Shell Of Oil Theft, Demands $406.7 Million Payment

Agency Reports -
The Nigerian government is demanding $406.75 million from Shell Petroleum Development Company of Nigeria Limited and its surrogate Shell Western Supply & Trading Limited...
Business

Analysis: Much Ado About NiTel/MTel Sale To NatComs

Opinions | The Trent -
On October 8, 2016, ntel, Nigeria’s fifth mobile network and, according to their website and social media platforms, Nigeria’s first pure play 4G/LTE advanced...
Business

Blackberry Finally Nails The Coffin On Its Iconic Smartphones

Wires | The Trent -
It's the end of an era for BlackBerry. The Canadian company, which helped usher in the smartphone race nearly 20 years ago, on Wednesday, September...
Business

MTN Responds To Dino Melaye’s $12 Billion Money Laundering Allegation

Ekamma Jacobs | Staff Reporter -
South African telecoms giant MTN on Wednesday, September 28, 2016 denied an allegation that it had illegally repatriated $13.92 billion from Nigeria, saying the...
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