Electricity The Bane of Nigeria Economy

Belije Madu is an Abuja-based electricity consultant.

Electricity The Bane of Nigeria Economy

The creation story of old sets the scene in which the heavens and the earth were covered in darkness. Then there was light. Light was separated from darkness, because light was good. As the story goes, from the start, light was fundamental to the survival, growth and prosperity of man. A significant thread that would […]

Know more about ease-of-doing-business executive order

Know more about ease-of-doing-business executive order

Exercising presidential authority, Yemi Osinbajo, acting president, signed three executive orders into law on Thursday. The three executive orders signed by Osinbajo were “the promotion of transparency and efficiency in the business environment, designed to facilitate ease of doing business in Nigeria; support for local content in public procurement by the government, and timely submission […]

Nigerian banks not creating wealth: Umahi

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Nigerian banks not creating wealth: Umahi

Governor David Umahi of Ebonyi State has challenged banks in Nigeria to create wealth rather than concentrate on acceptance of deposits. Umahi made the call during an interactive meeting with the Financial Inclusion Strategy Implementation team of the Central Bank of Nigeria (CBN) at the Government House, Abakaliki on Thursday. The Governor, who was visibly unhappy […]

Nigerians lodge complaints about N27.6bn wrong deductions

he Chartered Institute of Bankers of Nigeria (CIBN) says its Ethics and Professionalism Division received 136 petitions with claims that amounted to N27.6 billion from bank customers in 2016.

Nigerians lodge complaints about N27.6bn wrong deductions

The Chartered Institute of Bankers of Nigeria (CIBN) says its Ethics and Professionalism Division received 136 petitions with claims that amounted to N27.6 billion from bank customers in 2016. The institute made this known in its 2016 Annual Reports and Accounts signed by the Registrar, Mr Seye Awojobi. The report was released on Saturday in Lagos. It […]

Maggots breeding for animal feeds production – Business opportunity

For some of us that are always looking for Fulani cock because they are big and rugged. Have you ever wondered what they are fed with?

Maggots breeding for animal feeds production – Business opportunity

For some of us that are always looking for Fulani cock because they are big and rugged. Have you ever wondered what they are fed with? The Fulani chickens in the bush feed on the maggots produce from the cow waste. Fish farmers can also attest to always looking for maggots produce by the chicken […]

CBN is milking the masses; Introduces new ATM charge

The Central Bank of Nigeria has introduced a N100 monthly maintenance fee for a naira dominated debit card in the country

CBN is milking the masses; Introduces new ATM charge

The Central Bank of Nigeria has introduced a N100 monthly maintenance fee for a naira dominated debit card in the country. There is also a N50 charge for other months whether the card is used or not. Director financial policy and regulation department,CBN, Kevin Amugo says the apex bank is reviewing the extant Guide to […]

Wema launches Nigeria’s first fully digital bank

Wema Bank Plc has announced the launch of ALAT, which it described as the first fully Digital Bank in Nigeria. This announcement was made by the Managing Director, Mr. Segun Oloketuyi, in a launch event at the Eko Hotel and Suites, Lagos, on Tuesday.

Wema launches Nigeria’s first fully digital bank

Wema Bank Plc has announced the launch of ALAT, which it described as the first fully Digital Bank in Nigeria. This announcement was made by the Managing Director, Mr. Segun Oloketuyi, in a launch event at the Eko Hotel and Suites, Lagos, on Tuesday. Mr. Oloketuyi said Wema Bank is happy to power ALAT as the […]

Ecobank close branches, cut jobs

Ecobank plans to close branches and cut jobs as the Pan-African lender steps up investments in digital platforms, its chief executive said on Wednesday.

Ecobank close branches, cut jobs

Ecobank plans to close branches and cut jobs as the Pan-African lender steps up investments in digital platforms, its chief executive said on Wednesday. Speaking to Reuters on the sidelines of the World Economic Forum for Africa in Durban, Chief Executive Officer Ade Ayeyemi said the bank’s plans to expand its mobile platforms would help […]

FG To Distribute 200 Rice Milling Machines To Farmers – AFAN

Mr Roland Brown, the Chairman of the Rivers chapter of All Farmers Association of Nigeria (AFAN), has applauded the Federal Government’s plans to distribute 200 rice milling machines to rice farmers.

FG To Distribute 200 Rice Milling Machines To Farmers – AFAN

Mr Roland Brown, the Chairman of the Rivers chapter of All Farmers Association of Nigeria (AFAN), has applauded the Federal Government’s plans to distribute 200 rice milling machines to rice farmers. Brown told the News Agency of Nigeria (NAN) in Port Harcourt on Tuesday that the policy was a welcome development, as it would significantly […]

AMCON injects N1.5bn into Arik Air

The Asset Management Company of Nigeria (AMCON) has injected N1.5 billion in Arik Airline Ltd to safeguard its operations since its takeover.

AMCON injects N1.5bn into Arik Air

The Asset Management Company of Nigeria (AMCON) has injected N1.5 billion in Arik Airline Ltd to safeguard its operations since its takeover.  Capt. Roy Ilegbodu, Arik Air Chief Executive Officer, said this at a news conference in Lagos while highlighting the company’s operations since its takeover by AMCON. Ilegbodu said that the funds injected by […]

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