Category Archives: Business

Africapitalism And Amazing Tony Elumelu

By magnus Onyibe. Few Africans have talked about pan Africanism and made it happen. And one of such people is Tony Elumelu, the self appointed champion   of AFRICAPITALISM -Afrocentric entrepreneurship aimed at stimulating economic growth towards the   elimination of poverty in the continent of Africa. The banker turned entrepreneur through his HEIRS holding-a diversified conglomerate, […]

CBN unveils framework for BVN, Watch-list operations

By Elizabeth Adegbesan CENTRAL Bank of Nigeria (CBN) has released a regulatory framework for Bank Verification Number (BVN) operations and watch-lists for Nigerian financial system, in the quest to develop and enhance security of electronic payment systems in the country. File: BVN registration The framework was communicated by the apex bank, yesterday, in a circular […]

SON warns importers against cloning Nigeria-made products

By Godwin Oritse STANDARDS Organisation of Nigeria (SON), yesterday, warned importers against cloning Nigerian made products or risk prosecution. Obasanjo takes delivery of Made-in-Aba shoes. Pledged to step up the promotion of Made-in-Nigeria products. Speaking at a one day stakeholders forum on Ease of Business for port operators in the South West, SON’s Director of […]

Naira depreciates further to N360.30/$ in NAFEX

By Peter Egwuatu The naira, Thursday, depreciated marginally to N360. 30 per dollar in the Investor and Exporter (I&E) Foreign Exchange Window. liquidity Data from the Financial Market Dealers Quote, FMDQ, showed that the indicative exchange rate for the I & E Window, known as Nigerian Autonomous Foreign Exchange, NAFEX, declined to N360.30 per dollar, […]

Shell lifts force majeure on Bonny Light export

By Prince Okafor SHELL Petroleum Development Company of Nigeria, SPDC, Thursday, lifted force majeure on Bonny Light exports, thus signalling the official export of the crude oil grade from Nigeria. The force majeure was placed to protect the company against any liability from importers in different parts of the world after the destruction of its […]