Posts in category

Economy/Business


CBN’s new GSI Policy: What bank customers need to know about credit repayment culture in Nigeria

Read More

Diezani: Dominica Falls Victim To Fake News

Read More

African Development Bank loans Nigeria almost $300m

Read More

On August 1, a new policy that will deny serial bad debtors any cover to operate went live in the Nigerian banking system. The Central Bank of Nigeria (CBN) says the Global Standing Instruction (GSI) policy will facilitate improved credit repayment culture in the country; reduce non-performing loans (NPLs), and promote watch-listing of chronic loan defaulters in …

0 41
google.com, pub-3980516045669796, DIRECT, f08c47fec0942fa0

The Country Director for Chastex Consult, Ini Archibong, in a telephone conversation with Vanguard, said: “Shoprite is not leaving Nigeria. “We have only just opened to Nigerian investors which we have also been talking to just before now. We are not leaving, who leaves over a $30billion invest and close shop? It doesn’t sound right. “We …

0 43
google.com, pub-3980516045669796, DIRECT, f08c47fec0942fa0

Bond to Take Care of Construction and Upgrade of Hospitals, Ibadan Dry Port and Rail Corridor Development  – Commissioner The Oyo State Executive Council on Tuesday approved the issuance of a N100 billion private bond tagged “Oyo Prosperity Bond” to facilitate the execution of priority projects that will further drive economic development in the State. …

0 118
google.com, pub-3980516045669796, DIRECT, f08c47fec0942fa0

U.S. payrolls grew by 4.8 million in June, the Labor Department said Thursday, New York Times reports.   It was the second month of gains after a loss of more than 20 million in April, when the pandemic put a large swath of economic activity on ice. The unemployment rate fell to 11.1 percent, down from …

0 79
google.com, pub-3980516045669796, DIRECT, f08c47fec0942fa0

What started like a peaceful committee meeting between the Minister of State for Labour and Employment, Festus Keyamo, and the Joint Committee of the National Assembly on Employment and Labour on Tuesday ended in chaos as both parties began exchanging words. The meeting was aimed at discussing the progress of the planned employment of 774,000 Nigerians …

0 56
google.com, pub-3980516045669796, DIRECT, f08c47fec0942fa0

“You want to hear the truth? If it were within my powers this is the time to lockdown..”

0 148
google.com, pub-3980516045669796, DIRECT, f08c47fec0942fa0

Oyo State government has signed a memorandum of understanding (MoU) with four private investors in Nigeria, towards the development of real estate in the State through concessional agreement. The MoU signing which was done on Tuesday at Ibadan by the Director-General, Oyo State Investment and Public Private Partnership Agency, Hon Segun Ogunwuyi and four investors …

0 59
google.com, pub-3980516045669796, DIRECT, f08c47fec0942fa0

NATIONAL BROADCAST BY PRESIDENT MUHAMMADU BUHARI ON DEMOCRACY DAY, JUNE 12TH 2020 Fellow Nigerians, 1. The 2020 celebration of Democracy Day marks 21 years of uninterrupted civil administration in our dear country. This day provides us an opportunity to reflect on our journey as a nation, our achievements and struggles. 2. It is a day …

0 53
google.com, pub-3980516045669796, DIRECT, f08c47fec0942fa0

In a woeful attempt to tarnish the reputation of the small-island nation of Dominica, images of a Dominican passport belonging to alleged fraudster, Brenda Smith, have been used exploitatively in an article by “the Inquirer” to report her recent grand jury charge. Smith, a national of the United States, was arrested in August 2019 and subsequently charged …

0 192
google.com, pub-3980516045669796, DIRECT, f08c47fec0942fa0

The African Development BankAfDB had approved the sum of $288.5 million (£227m) for Nigeria on Friday to help the nation tackle the COVID-19 pandemic and mitigate its impact on people, businesses and strengthen the social protection system. The finance minister warned last month that Nigeria’s economy – Africa’s largest – could shrink by up to …

0 57
google.com, pub-3980516045669796, DIRECT, f08c47fec0942fa0

Oyo State Governor, Engineer Seyi Makinde will on Monday June 1st 2020 distribute the first set of digitized Certificate of Occupancy to successful applicants under the Oyo State Home Owners Charter (OYHOC) scheme. This land title document Made Easy Initiative is in line with the Engineer Seyi Makinde led administration’s promise to speed up the …

0 77
google.com, pub-3980516045669796, DIRECT, f08c47fec0942fa0

May 29: Seyi Makinde scores big at one year celebration

0 87
google.com, pub-3980516045669796, DIRECT, f08c47fec0942fa0

Nigeria’s economy grew 1.87 percent in the first three months of 2020 from a year earlier, the statistics office said on Monday, shrinking from the previous quarter as oil prices and international trade fell due to the coronavirus pandemic.       It is the slowest quarterly growth rate in one-and-a-half years, and comes as …

0 55
google.com, pub-3980516045669796, DIRECT, f08c47fec0942fa0

…project to provide 1,600 km of rural roads—Coordinator …we promptly paid N350m fund to aid project—Makinde   Oyo State Governor, Engr Seyi Makinde, on Wednesday revealed that his administration paid the sum of N350 million counterpart fund for Development Partners-backed Rural Access and Agricultural Marketing Project (RAAMP) to ensure accelerated development of the rural communities …

0 81
google.com, pub-3980516045669796, DIRECT, f08c47fec0942fa0

The Oyo State Executive Council, on Tuesday, approved the award of the contract for the construction of four Ultra-modern Bus Terminals to be located in Iwo Road, Challenge, New Ife Road and Ojoo A statement by the Chief Press Secretary to Governor Seyi Makinde, Mr. Taiwo Adisa, quoted the State Commissioner for Eorks, Prof. Afonja …

0 219