Announcing New Trading Pairs
We are excited to announce the addition of two new trading pairs at GDAX. Customers in Europe can now trade Ethereum and Litecoin on our ETH/EUR and LTC/EUR books. We’re…
Dangote Group to Invest $1bn in Rice Cultivation
The Dangote Group has disclosed plans to invest $1bn in rice cultivation in five states to boost food self-sufficiency in the country. Speaking at the just concluded 2017 Gateway Trade…
PENGASSAN: Nigeria Lost over $235bn to Non-passage of PIB
Oil workers under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has stated that Nigeria has lost over $235 billion as a result of its…
According to this report, only 2 states earn more than they receive as Federal allocation
Economic Confidential magazine has released its Annual States Viability Index (ASVI) for 2016 and the report shows that only 2 states in the country can boast of Internally Generated Revenue…
What Nigerian airlines can learn from British Airways
British airways has confirmed that flights to Nigeria have resumed after a worldwide systems collapse led to cancellations of several flights around the world. The system crashed affected flight plans…
AMCON made a N254 billion loss in 2016
MD of the bad bank Mohammed Kuru said the possibilities of an AMCON II were unlikely. Kuru was of the opinion that doing so, would make banks to cook up…
Wapic Insurance to raise N10 billion in fresh capital
Share holders of Wapic insurance at its Annual General Meeting (AGM) gave management approval to raise up to N10 billion in fresh capital. The company is doing so in order…
CBN has sold over $4 billion defending the Naira since February 2017
The Central Bank of Nigeria (CBN) seems determined to continue with its intervention in the country’s foreign exchange markets, as it has made arrangements for a $100 million special auction.…
#PMBMidterm: How we scored Buhari administration on handling of the economy
May 29, 2017 marks two years since President Buhari assumed power as the leader of the world’s most populous black nation and Africa’s largest economy. Having taken over during a…
[The Nigerian Economy Today 30/5/2017]- Finally, Shell Petroleum commences loading of crude oil from Trans-Forcados pipeline
Summary of the top business, economic & political news in Nigeria. President Muhammadu Buhari’s approval of the withdrawal of Oil Prospecting Licences 2001, 2002 and 2003 in the Utapate Field…