Thursday, January 19, 2017

IFC to invest $1.5 billion in Nigeria

Finance Minister, Ngozi Okonjo-Iweala The Executive Vice President of IFC met with Nigeria’s Finance Minister. The International Finance Corporation, IFC, on Monday said it would invest $1.5 billion (about N246 billion) to support housing and infrastructure development in Nigeria. Jim-Yong … IFC to invest $1.5 billion in Nigeria is a post from: Premium Times Nigeria

FG Approves Sale Of NITEL/MTEL For $252Million

The National Council on Privatisation (NCP) on Thursday approved the sale of the liquidated Nigeria Telecommunication Plc. and its subsidiary, Mtel, toNATCOM Consortium for $252million. The Chairman of NCP’s Technical Committee, Atedo Peterside, told State House correspondents in Abuja that...

World’s Longest Aircraft To Fly Beijing-New York and Beijing-San Francisco Routes

Air China will fly the Boeing 747-8, the world’s longest aircraft on the Beijing-New York and Beijing-San Francisco routes beginning from January, the Chinese flagship carrier said on Thursday. Report says Air China will become the first Asian airline company...

FG crashes cost of SMEs’ registration by 60% –Aganga

BY CHINENYE  ANUFORO The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, yesterday said the Federal Government has reduced the cost of registering Small and Medium scale Enterprises (SMEs) by 60 per cent. The Minister who said this in Lagos...

Naira Rises As Banks Reject

The naira continues to rise against the US dollar this week as Deposit Money Banks reject cash deposit of foreign currencies, The Punch reports. The source notes that the Nigeria’s currency  had appreciated against the dollar from 245 to 220...

NeFF, NIBSS, banks worry over rising fraud cases

BY BLAISE UDUNZE Financial experts are worried over rising cases, sophistication and unreported banking sector frauds as unrelenting fraudsters appear to be developing ingenious ways of fleecing unsuspecting bank customers and corporate organisations of billions of naira in their accounts. The...

Why Money can’t buy you happiness,find out!!

Why Money can’t buy you happiness,find out!! It appears money can’t buy you happiness after all. But more cash in the bank does make you feel less sad on a daily basis, a new study has found. Psychologist Kostadin Kushlev suggested that...

Could Strong Dollar, Weak Euro Be the Catalyst for Fed Interest Rate Hike?

Could Strong Dollar, Weak Euro Be the Catalyst for Fed Interest Rate Hike? With the European Central Bank’s bond-buying initiative a possible variable behind the U.S. Federal Reserve dropping its “patient” approach and raising short-term interest rates, the U.S. dollar...

Aliko Dangote Drops In Latest Forbes Ranking, Drops To 26th Position

Business mogul Aliko Dangote has dropped in the latest Forbes Billionaire rankings. In the latest rankings released, Dangote is now at the 26th spot, down 3 from his former 23rd place, with his net worth also dropping from $25 billion...

My friend invited me to rob his company of workers’ salary–Robber confesses

My friend invited me to rob his company of workers’ salary–Robber confesses 34 year old robbery suspect Chimezie Stephen Osuagwu pictured above who is being held by men of the Special Anti Robbery Squad (SARS) Lagos State Police Command, has...