Business

Senate Committee approves second term for Emefiele as CBN Governor

Senate Committee approves second term for Emefiele as CBN Governor

Business, News May 15, 2019 at 6:56 pm 0 comments

The Senate Committee on Banking, Insurance and other Financial Institutions on Wednesday approved a second term for the Central Bank of Nigeria, CBN, Governor, Godwin Emefiele.
The committee also dismissed allegations of stolen N500 billion at the CBN.
Chairman of the Committee,

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Business: 130 textile firms died to lack of power, finance, others – Emefiele

Business: 130 textile firms died to lack of power, finance, others – Emefiele

Business May 8, 2019 at 9:34 am 0 comments

The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele has said that no fewer than 130 textile companies have died in the country in recent times due to some constraints.
Emefiele made the statement during a courtesy call on Gov. Aminu Masari of Katsina State on Monday.
‘’Textile

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Bank customers lose N3.6bn to cyberfraud

Bank customers lose N3.6bn to cyberfraud

Business, Crime, News May 6, 2019 at 9:43 am 0 comments

A total of 63 ,895 bank customers lost N 3. 6bn to cyberfraud in two years , 2017 and 2018, the Nigeria Electronic Fraud Forum has disclosed .
The Chairman , NeFF , Sam Okojere , who is also the Director , Payments System Management Department, Central Bank of Nigeria

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Federal Govt. not removing fuel subsidy – Finance Minister

Federal Govt. not removing fuel subsidy – Finance Minister

Business, News April 18, 2019 at 10:07 am 0 comments

The Minister of Finance, Mrs Zainab Ahmed, on Wednesday refuted media reports that the Federal Government had agreed with the International Monetary Fund’s (IMF) advice on the removal of fuel subsidy.
The minister stated this when she fielded questions from State House correspondents after the meeting of the Federal Executive

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Nigerians lose millions of dollars to cryptocurrency firm

Nigerians lose millions of dollars to cryptocurrency firm

Business April 7, 2019 at 12:55 pm 0 comments

A cryptocurrency firm, Paxful Incorporated , has been accused of defrauding thousands of Nigerians of millions of dollars earned from online trade in digital currencies .
The Estonia- based company allegedly suspended the accounts of its Nigerian subscribers , thereby denying them access to millions of dollars in their online

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American David Malpass named World Bank president

American David Malpass named World Bank president

Business April 5, 2019 at 10:10 pm 0 comments

David Malpass , a senior US Treasury official in President Donald Trump ’s administration , was unanimously chosen Friday as the next president of the World Bank .
The selection of Malpass by the bank ’s board of directors followed an “open , transparent ” nomination process in which citizens

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