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Innoson Sues GTbank N400bn For Character Assasination And Defamation

Innoson Sues GTbank N400bn For Character Assasination And Defamation

Chief Innocent Chukwuma, OFR, and Innoson Nig Ltd. have filed a fresh lawsuit against Guaranty Trust Bank PLC in the High Court of Federal Capital Territory, Abuja claiming a total sum of 400 billion Naira damages for injury to their reputation, moral character, credibility, office, vocation and trade. They also seek for an order of […]

New $1.5bn Fertiliser Plant To Boost Agriculture Sector

New $1.5bn Fertiliser Plant To Boost Agriculture Sector

Nigeria’s acting president Yemi Osinbajo on Thursday opened a $1.5 billion fertiliser plant in the southeastern city of Port Harcourt, highlighting efforts by Africa’s largest economy to boost its agriculture industry. Nigeria has for decades been dependent on exports of oil to support its economy, but as global crude prices have dropped and production has […]

Globalisation: Implications For President Buhari’s Economic Agenda

Globalisation: Implications For President Buhari’s Economic Agenda

Globalization is a blessing and a curse. For Nigeria, the realization that there must be a balance between economic nationalism and globalization remains the way to go. President Muhammadu Buhari’s determination to boost the nation’s economy does not seem to click with the tenets of globalization of trade as enunciated by the Western world. This […]

YouWin Connect Programme 2017

YouWin Connect Programme 2017

YouWiN! Connect is a multimedia based relaunch of the YouWiN! programme of the Federal Ministry of Finance. It aims to support young entrepreneurs as they PLAN, START and GROW their businesses, by providing Enterprise Education as well as access to technical and consulting services. The programme aims to promote entrepreneurship, job creation and wealth via […]

Senate Approves N200/$ Forex Discount For Hajj Pilgrims

Senate Approves N200/$ Forex Discount For Hajj Pilgrims

The Nigeria Senate on Thursday, approved the recommendation by its Committee on Foreign Affairs that the Federal Government should grant a concession of N200 to a United States dollar for Nigerian Muslims’ pilgrimage to Saudi Arabia in 2017. The recommendation was contained in a report by the committee, which was considered by the Senate at […]

Zenith Bank Set For Basketball Final 8 In Lagos

Zenith Bank Set For Basketball Final 8 In Lagos

Eight teams have qualified for the Final 8 of the competition after the conclusion of the third and fourth phases of the league which held in Asaba and Ibadan respectively All is set for the Final 8 of the 13th  Zenith Women Basketball League which is expected to start in Lagos this weekend. Basketball Sponsors […]

Hackers Steal $32 Million Worth Of Digital Currency Ether

Hackers Steal $32 Million Worth Of Digital Currency Ether

More than 150,000 ether tokens, a digital currency similar to bitcoin, worth around $30 million were on Wednesday stolen by cybercriminals. Around 153,000 tokens were taken by hackers, according to data from Etherscan. 44,055 tokens were stolen from commerce platform Swarm City. The theft was noticed at 12:30 p.m. ET on Wednesday, according to Swarm […]

Paris Club Refund: FG Releases Details Of Payment To 36 States And FCT

Paris Club Refund: FG Releases Details Of Payment To 36 States And FCT

This is the second tranche of the refunds to the states. The Federal Government has released details of payments to the 36 states as the refund of “over-deductions on Paris Club, London Club Loans and Multilateral debts on the accounts of States and Local Governments (1995-2002).” This is the second tranche of the refunds to […]

CBN Wants Financial Education Included In School Curricula

CBN Wants Financial Education Included In School Curricula

CBN on behalf of the Financial Literacy Working Group of the Financial Inclusion Technical Committee approached the Federal Ministry of Education, and the NERDC earlier this year with a request that financial education be included in school curriculum Efforts by the Federal Government to enhance financial literacy in Nigeria received a major breakthrough, as the […]

Nigerian Annual Inflation In June Still Above 16 Percent

Annual inflation in Nigeria eased for a fifth straight month in June, slowing to 16.1 percent, the National Bureau of Statistics (NBS) said on Monday. A separate food price index showed inflation at 19.91 percent, up from 19.27 percent in May, indicating continued pressure on food prices, the NBS said in a report. Annual inflation […]

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