Businessam Staff
Development of 40 acre creative industry park to begin with National Theatre takeover
The Central Bank of Nigeria (CBN) and the Bankers Committee will on Wednesday commence the implementation of the N22 billion…
Nigeria’s oil revenue threatened as India shifts to alternative market
Nigeria is about losing one of its major oil customers, India, as the world’s third-largest oil importer has found a…
Cashless policy: No processing fees, tax, for cash agents says CBN
The Central Bank of Nigeria (CBN) has said to encourage cashless policy, agent locations would be omitted from paying processing…
BUA vows to defend rights over decommissioning of its ports by NPA
By Samson Echenim Leading foods and infrastructure giant, BUA Group and owners of BUA Ports and Terminal, Port Harcourt, has…
Africa’s power distribution problems require modern, decentralized grid
By Anastasia Walsh Electrification is an on-going and foundational investment, and a necessary one to realize all modern-day development objectives.…
Oil, shares fall on potential limit on China investments
Crude oil prices and a gauge of global equity markets fell on Friday after a report said the administration of…
CBN announces commitment to strengthen indigenous money transfer operators
...as remittances to Nigeria make up 6% of GDP The Central Bank of Nigeria has said it is committed to…
Kenya central bank approves merger of lenders NIC, CBA Group
Kenya’s central bank said on Friday that it had approved the merger of Commercial Bank of Africa and NIC Group,…
PwC report: FG spent N2.3trn on oil, electricity subsidies in four years
The federal government expended a total of N2.3 trillion on subsidising the consumption of petrol and electricity from 2015 to…
CBN to banks, PSBs: Eschew de-marketing, embrace collaborations
The Central Bank of Nigeria has said that competition is expected to increase in the banking sector with entrance of…
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