Economy

Your bank still gets loans from CBN at 12%, then lend to you at xxx

Your bank still gets loans from CBN at 12%, then lend to you at xxx

The Monetary Policy Committee (MPC) has retained the lending rate (MPR) at 12% after its meeting on Tuesday in Abuja. The Central Bank Governor, Godwin Emefiele, said the committee, after considering...

 

First Bank brings PayPal to Nigerians [DETAILS]

First Bank brings PayPal to Nigerians [DETAILS]

by Kolapo Olapoju PayPal, one of the world’s leading e-commerce payment platforms that has developed a fast, reliable and secure system, with expansive global operations. PayPal, a popular online...

 

Who woulda thunk it? Manufacturing is now biggest driver of Nigeria’s growth [DETAILS]

Who woulda thunk it? Manufacturing is now biggest driver of Nigeria’s growth [DETAILS]

by Tunji Andrews An ironic twist in Nigeria’s economic story has presented itself with Renaissance Capital’s report that flags manufacturing as the major driver of economic growth in Nigeria. This...

 

Ronald Nzimora: The 2 kinds of people you should NEVER take business advice from (Y! Business)

Ronald Nzimora: The 2 kinds of people you should NEVER take business advice from (Y! Business)

by Ronald Nzimora Another thing you must avoid doing is giving undue credence to advice from a legitimate expert about subject ‘x’ even though his expertise is in subject ‘y.’  There...

 

Like a boss: Dangote rakes in $1.7 billion in 3 months

Like a boss: Dangote rakes in $1.7 billion in 3 months

by Kolapo Olapoju According to research carried out on Bloomberg Billionaire’s Index, Alhaji Aliko Dangote, business magnate who owns the Dangote Group reportedly made some $1.7 billion in the...

 

Opinion: Taking a close look at Japan’s troubled economy

Opinion: Taking a close look at Japan’s troubled economy

by Mustapha Abiola When he was elected, using the three arrow symbolism to attract voter appeal, I reckoned the Japanese people began to believe in a method to his magic. Perhaps then, they were...

 

Phenomenal! Meet Warren Cassell Jnr, the 15-year-old self-made millionaire

Phenomenal! Meet Warren Cassell Jnr, the 15-year-old self-made millionaire

by Kolapo Olapoju When you’re 15 and worth millions, the word ‘phenomenon’ definitely applies to you. Warren Cassell is a high school student who became an entrepreneur at the...

 

Kano sues Finance Minister, PPPRA over fund deductions

Kano sues Finance Minister, PPPRA over fund deductions

by Akan Ido The Minister of Finance, Ngozi Okonjo-Iweala  and two others have been sued by the Kano State Government for allegedly refusing to provide information on deductions from its allocations...

 

Ogun loses N30 million to internet fraudsters, police invade bank

Ogun loses N30 million to internet fraudsters, police invade bank

by S’ola Filani       Suspected internet fraudsters have reportedly hacked into Ogun State-owned mortgage bank, Gateway Savings and Loans Limited, stealing millions of Naira. Reports...

 

Why N446.3 billion money laundering charge against Abacha was dropped

Why N446.3 billion money laundering charge against Abacha was dropped

by ‘Jola Sotubo The Presidency has dropped money laundering charges against Mohammed Abacha, son of late dictator, Sani Abacha after a deal was made to recover a sum of $227m (About N35.2bn)...