South Africa's rand gained slightly against the dollar on Thursday, coming off six week lows ahead of the central bank's interest rate decision later in the session. A Reuters poll forecast the Reserve Bank will keep its key repo rate at 5.5 per cent, taking the view that 650 basis points of cuts since December 2008 is sufficient stimulus to…
Some years ago, I read about the pathetic story of a young man in the South Eastern part of the country. He had participated in the promotion of a drinks company. He had a winning number and he approached the company representatives. However to his chagrin, he was told the winning number was a fake. Through this, he suffered several…
Some of the rescued banks are silent on how far they have gone with their recapitalisation effort and the fate of their subsidiaries, especially those outside the country. Oceanic Bank, one of the banks closed down its outlet in The Gambia last week, citing inability to meet the capital requirements of 150 million dalasi (about US$ 5.6 million) demanded by…
NNPC mega stations operating in Bauchi metropolis and its environs have been taken over by touts and black market operators who virtually control the movements of vehicles in and out of them.
Gov. Adams Oshiomhole of Edo State on Wednesday signed the 2010 Appropriation Bill of N101.96 billion.Gov. Adams Oshiomhole of Edo State on Wednesday signed the 2010 Appropriation Bill of N101.96 billion.Gov. Adams Oshiomhole of Edo State on Wednesday signed the 2010 Appropriation Bill of N101.96 billion.
As investors continue to exercise caution in the new year, listed equities at the Nigerian Stock Exchange (NSE) have displayed 12 per cent growth in just 25 trading days.
Communities around the Ibom Power Plant have complained of unsteady power supply in spite of assurances of improved power supply by the Akwa Ibom Government.
Nigerian government earmarks N100 billion for the revitalisation of the country’s cotton, textile and garment industry, the Minister of Finance, Mansur Mukhtar, has said.
While media commentary abounds that the worst of the recession seems to be over, this festive season is unlikely to be a bumper one for local shops.