Tanzania and Nigeria’s Dangote Cement have reached an agreement on the supply of natural gas to the firm’s manufacturing plant in the East African country after negotiations stalled over prices, Tanzanian President John Magufuli said on Saturday. The $500 million cement factory in the southeastern Tanzanian town of Mtwara, set up last year with an …
The Central Bank of Nigeria (CBN) and the Nigerian Deposit Insurance Corporation (NDIC) have commissioned a study on the establishment of an institution that would take after the Asset Management Company of Nigeria (AMCON) at its expiration. The institution, which is being scripted as a private sector-led initiative to avoid the use of public fund …
CBN, NDIC plan AMCON’s replacement, Warn on Bitcoin transactions Read More »
LET YOUR NETWORK WORK FOR YOU It is no news that the recession is biting hard and with Christmas around the corner, expenses are about to go up the roof. As a result, making extra income will not be a bad idea for anyone, especially you a 9-5er. Are you a banker seeking ways to …
Every year, Award Winning Rosabon Financial Services, Nigeria’s foremost non-banking financial intermediary firm, organizes end of the year promotions for its customers to appreciate and reward them for their continuous patronage. This year we decided to give our customers a wonderful treat to ease them of the stress they may have encountered, especially with the …
ENJOY A RELAXING CHRISTMAS WITH THE EMBER LOAN PROMO Read More »
Hold your horses! Take a break from your busy day and get an eyeful at what went down on the 27th of November, 2016. It was a spectacle indeed as “The Cobalt Tie Dinner” was hosted by The Concept Group specially for its exclusive Clienteles. There’s nothing more exciting than when a group of like-minded …
THE Minister of Finance, Kemi Adeosun, last week said that the federal government will propose reduction in the income tax rate applicable to the Micro, Small and Medium Enterprises, MSMEs, as an incentive to encourage compliance and promote the sector. The minister said this in Lagos, at a Coalition of MSMEs stakeholder Public Private Dialogue, …
Oil prices have risen to their highest in nearly a month, as expectations grow among traders and investors that OPEC will agree to cut production, but market watchers reckon a deal may pack less punch than Saudi Arabia and its partners want. Brent crude has risen 6.5 percent in the last two weeks, hitting nearly …
Oil may rise to $55 if all producers cooperate – Iran Read More »
The Minister of Budget and National Planning, Senator Udoma Udo Udoma, yesterday, said that the Federal Government has spent N3.577 trillion as at September out of the N6.06 trillion budgeted for 2016 He disclosed this in Lagos at the KPMG CFO Forum saying: “The Federal Government has spent about N3.577 trillion as at September 2016 …
Budget 2016: FG spends N3.577tr in 9 months — Udoma Read More »
The Central Bank of Nigeria (CBN) yesterday said it was not planning to amend the Foreign Exchange Act or recommend jail term for anyone that holds the dollar for more than 30 days. Acting Director, Corporate Communications Department, Mr. Isaac Okoroafor stated this in a statement issued yesterday in response to a report by Reuters …
Nigeria, typically Africa’s biggest crude oil producer, is considering importing crude from neighbouring Niger due to militant attacks on pipelines in the Niger Delta that feed its refineries, a state oil company spokesman said on Friday. Nigeria’s crude production, which was 2.1 million barrels per day (bpd) at the start of 2016, fell by around …
Militant Attack – Nigeria considers importing crude oil from Niger Republic Read More »
