Business

Federal Government Set To Convert Nigeria’s Foreign Reserves Into Renminbi (China Currency)

Federal Government Set To Convert Nigeria’s Foreign Reserves Into Renminbi (China Currency)

Business October 28, 2013 at 7:57 am 0 comments

FROM ISAAC ANUMIHE

The Federal Government has concluded arrangement to convert the nation’s reserves into Renminbi (RMB),the Republic of China’s currency. The Director General of Nigeria Sovereign Investment Authority (NSIA), Mr Uche Orji, who confirmed this while fielding

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The Gold Mine By Name Africa: Investor’s Guide

The Gold Mine By Name Africa: Investor’s Guide

Business October 17, 2013 at 10:19 pm 0 comments

Does it make any sense that Botswana has nearly half of the entire world’s diamonds, yet the country make only about $2 billion?Israel, on the other hand, doesn’t have a single diamond and they make $9 billion from the diamond industry.You don’t need a PhD to find out why-It

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We Need Investors! Nigeria Slashes CAC Fee By 50%

We Need Investors! Nigeria Slashes CAC Fee By 50%

Business October 9, 2013 at 6:54 pm 0 comments

By Lanre Oguntoyinbo:

The Federal Government has slashed the costs of registering businesses in Nigeria by half, in a bid to encourage investment in the country.

The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, said this on Tuesday in Abuja during the signing of

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US Shut Down $1.2 Billion Criminal Internet Website

US Shut Down $1.2 Billion Criminal Internet Website

Business, Foreign October 3, 2013 at 7:42 am 0 comments

Federal authorities have shut down what they called the “most sophisticated and extensive criminal marketplace on the Internet today,” an underground operation responsible for distributing illegal drugs and other black market goods and services.
The site’s alleged owner, Ross William Ulbricht, was arrested and $3.6 million in anonymous digital

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Cashless Policy Has Helped Improve Our IGR- OGSG

Cashless Policy Has Helped Improve Our IGR- OGSG

Business October 3, 2013 at 7:39 am 0 comments

The cashless policy adopted by the Ogun State Government has been yielding positive results as the Internally Generated Revenue from higher institutions in the State has increased by over 198%.
Permanent Secretary, Ministry of Finance, Mrs. Ajibola Chokor disclosed this today in Abeokuta while addressing members of the

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No More Dollar Payments For Western Union And Money Gram Customers ~ CBN

Business September 27, 2013 at 9:24 pm 0 comments

By Lanre Oguntoyinbo

The Central Bank of Nigeria (CBN) says it has suspended its Wholesale Dutch Auctions (WDAS) to check money laundering in the foreign exchange market.

A circular by CBN to Bureau De Change (BDC) operators on Friday said that the twice-weekly wholesale foreign exchange auction had

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