Metro

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, will next week unfold the Bank’s plans for 2019 year, during the first Monetary Policy Committee (MPC) meeting scheduled for January 21 to 22. The Director, Corporate Communications at the CBN, Mr. Isaac Okorafor, disclosed this in a statement. Also, Okorafor confirmed the CBN’s injection of the sum of $263 …

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Managing Director, Ecobank Nigeria, Patrick Akinwuntan has reaffirmed the bank’s commitment to the use its wide and versatile digital capacity to transform the entire value chain for micro, small and medium enterprises (MSMEs) in Nigeria. This according to him would engender more activities in the sub sector leading to the overall growth of the economy. Akinwuntan disclosed that it was …

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As schools reopen for another session following the Christmas and New Year festivities, Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, has reassured parents and guardians of the bank’s readiness to help minimize the financial burden of paying their children/wards fees as well as maximize a stress free payment process through its e-solution offering. The bank said it …

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The Federal Government due to the paucity of funds and in its bids to finance fiscal and infrastructure deficits in the domestic economy raised a total of N1.6 trillion from the capital market in 2018, the Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema has disclosed. This resulted in the NSE fixed income market and market …

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A former Niger State governor, Babangida Aliyu, has said President Muhammadu Buhari will lose the 2019 presidential election. He said critical stakeholders who contributed to the President’s electoral victory in 2015 had all deserted the ruling party. Aliyu said this in an interview with our correspondent during a peace meeting which his reconciliatory committee had with Plateau Peoples Democratic Party …

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The Dangote Oil Refining Company (DORC) Limited last week took delivery of one of the major component of its refinery equipment; the regenerator for the Residual Fluid Catalytic cracker. Fluid catalytic cracking (FCC) is one of the most important conversion processes used in petroleum refineries. It is widely used to convert the high-boiling, high-molecular weight hydrocarbon fractions of petroleum crude oils into more valuable gasoline, olefinic gases, and other products. …

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Business activities were slowed down by an insufficient power supply, high-interest rates and other challenges in 2018 financial period. This was disclosed in the ‘monthly business expectations survey report’ by the Central Bank of Nigeria’s Statistics Department in December 2018. The CBN, in the report, stated that “firms identified insufficient power supply, high-interest rates, unfavourable economic climate, financial problems, unclear …

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From Left: Head, Commercial Banking, Ecobank Nigeria, Mr. Rotimi Morohunfola; Executive Director, Consumer Banking, Ecobank Nigeria, Carol Oyedeji; Managing Director, Ecobank Nigeria, Patrick Akinwuntan; Chairman and Chief Executive Officer, Pamodzi Sports Marketing, Mike Itemuagbor and  Director of Organisation, Okpekpe International Road Race,  Zak Amodu during a courtesy visit of management of Pamodzi  Sports Marketing (organisers of Okpekpe International Road Race) …

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  Dangote Industries Limited (DIL) has denied the ownership of the truck that caused an accident in Iworoko Ekiti, in which 20 people were said to have died at the weekend. The Management of DIL on Sunday issued a statement, frowning at the misleading and unverified report, carried by an Online medium, alleging that a Dangote truck, was responsible for the …

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The International Press Center, Lagos has demanded the immediate release of Yinka Badmus, a photojournalist with Talk Village International in Lagos. In a report by Vanguard Newspaper dated 11th January, 2019, Badmus, 24 was arrested on New Year eve by policemen attached to the Lagos State Anti-Cultism unit for wearing dreadlocks, which the officers allegedly said made him look like …

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