The Central Bank of Nigeria on Friday said the country plans to offer 212.85 billion naira ($675 million) in Treasury bills maturing between 91-days and 1-year on Aug. 31. The bank said it will sell 45.85 billion naira worth of the 91-day bills, 62 billion naira of the 182-day paper and 105 billion naira of […]
The broadcast of the season two of Nigeria’s leading family TV series, Kids Say the Darndest Things took off at the weekend on both terrestrial and satellite TV stations. The season two premiere broadcast was full of wits, comic, surprises and excitement as the host, Tony Okungbowa, took the children through different segments of the […]
Central Bank has barred nine commercial banks from all foreign exchange transactions and operations. The banks were barred for hiding some $2.12 billion belonging to the nation’s oil corporation, the Nigerian National Petroleum Corporation (NNPC) and failed to remit the funds into the Treasury Single Account. A top Central Bank source confirmed to Channels Television […]
By James Emejo The Debt Management Office (DMO) on behalf of the Federal Government has commenced bids for the engagement of two international banks as joint lead managers and a local bank as financial adviser for the planned Nigeria’s Federal Government Medium Term Note (FGMTN) Programme 2016 – 2018, which highlights key borrowings to fund […]
Photography enthusiasts and professionals alike still have an opportunity to compete and win in the Etisalat Photography Competition by submitting their entries for the 2016 edition of the competition. The year’s competition is tagged Performance with sub categories daily routines and celebratory and will close on September 11, 2016. To enter for competition, participants are […]
Four sponsors have cut ties with embattled U.S. swimmer, Ryan Lochte over his alleged robbery attack in Rio. USA TODAY reported that Speedo announced early Monday it dropped its sponsorship of the swimmer. By the end of the day, three other companies also said they would cut ties with Lochte. The decisions to cut ties […]
A number of corporate organisations including foremost financial institution Access Bank, telecommunications giants Airtel and fast-growing smart mobile devices brand, InnJoo Mobile have swelled the growing list of sponsors for a multi-city digital entertainment concert tagged Yudala Zero Gravity powered by Africa’s pioneer composite e-commerce outfit in partnership with New Concept Media Group (NCMG). Also joining the […]
A roll out of new legislation due to be completed by 2020 is set to threaten auto makers’ profit in China. The legislation is aimed at tightening China’s rules on cars’ emissions and fuel economy, bringing them into line with western countries and thereby curbing the industry’s contribution to global warming and air pollution. Chinese […]
Volkswagen AG will extend a production shutdown to factories making its best-selling Golf compact as an unprecedented dispute with a supplier halts delivery of the parts and sends both sides to court. Parts of six vehicle assembly plants will be idled on Monday, halting work on Volkswagen’s Golf line along with the Passat, a spokesman […]
U.S. author and former Navy Seal who wrote a bestseller about his role in the raid that killed Osama Bin Laden is to pay nearly $7m (£5m) to the government for violating non-disclosure agreements. Matt Bissonette failed to get clearance from the Pentagon before the book No Easy Day was published in 2012. He has […]