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Nigerians groan as prices of commodities soar

  With an unpleasant facial expression that depicts weariness, Mrs. Ayomiku Immanuel, a resident on the mainland of Lagos walks awkwardly up and down the ancient Ojuwoye market in Mushin area of Lagos state, obviously worried about the persistent hike in the prices of groceries and other items. For one, the thought of paying more […]

Dangote: 20million in Kano share 35mw of power

  Aliko Dangote, Africa’s richest man, has underscored the power problem in Africa by revealing that in his home state of Kano, 20 million people share 35 megawatts of electricity. Speaking at the Africa CEO forum in Abidjan, the president of Dangote group revealed of the decisions that has made his conglomerate so successful. “Where I […]

CBN Earmarks N10m For Corps Members Under YIEDP Scheme

The Central Bank of Nigeria (CBN) has set aside about N10 million to support corps members and ex-corps members that are not more than five years post-service experience, under the Youth Innovative Entrepreneurship Development Programme (YIEDP). The CBN governor, Mr.Godwin Emefiele, disclosed this in Abuja yesterday at the launch of YIEDP in conjunction with the […]

Banks’ ATM Maintenance Fee Rises By 500%

Bank customers may have to pay up to N600 per annum for debit card maintenance fee as against the current N100 that customers are charged annually by banks. This is according to the exposure draft of the revised Guide to Bank Charges that was released by the Central Bank of Nigeria (CBN) at the weekend. […]

5 Nigerians on Forbes 2016 list of world billionaires

  The influential magazine, Forbes, has released its 2016 list of the richest people in the world and five Nigerians are featured on the list. Bill Gates is still number one on the list with a net worth of $75 billion, despite being $4.2 billion poorer than a year ago. The Forbes 2016 world’s billionaires […]

The call for emergency economic summit

  Late last year I made a call asking that we should declare a state of emergency on our economy. As I watched the oil prices plummet without restrain, income drop with such rapidity, the Naira depreciate against the dollar and other foreign currencies at rates never seen before, and as President Buhari (PMB) take…

Four SWFs make $100m commitment to NSIA real estate co-investment fund

  Four unnamed global Sovereign Wealth Funds (SWFs) have committed $100 million each into the Nigerian Sovereign Investment Authority (NSIA) proposed $1 billion Real Estate Co-Investment Fund which will invest in the re-development of Nigeria’s existing buildings and also plans new Greenfield opportunities in the real estate industry, according to Uche Orji, Managing Director, NSIA. […]