A displaced man rides a bicycle in a camp for people internally displaced by the conflict with Boko Haram in the Monguno district of Borno State, Nigeria, in February 2017. A displaced man rides a bicycle in a camp for people internally displaced by the conflict with Boko Haram in the Monguno district of Borno […]
Author: Isaac Umunna
Ban threat: Association to drag FIFA to Int’l Court of Justice
The National Association of Nigerian Footballers (NANF) has vowed to drag the Federation of International Football Associations (FIFA) to the International Court of Justice (ICJ), if it makes good its threat to ban Nigeria from international football activities. President of the association Harrison Jalla, issued the threat on Friday in Abuja on the heels of […]
Nigeria central bank to sell Chinese yuan in second auction -traders
Nigeria’s central bank asked lenders on Friday to submit bids for the Chinese yuan, traders said, in its second auction of the currency after it agreed a swap with the People’s Bank of China in May. In May, the central bank signed a $2.5 billion three-year currency swap deal with Beijing to facilitate trade between […]
Experts unlock future work template at Stanbic IBTC Bank forum
In a rapidly changing world, more so in the digital space, finding the right models to anchor human capital development will remain a paramount determinant of corporate success. This thinking underscores the Workplace Banking Seminar’ organized by Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, in Lagos, recently. The seminar, with the […]
Edo pays Libya returnees N60.17m in 10 months
Edo State Government said it has paid a total of N60, 170,000 as stipend to Libya returnees in the past ten months. The payment, it said, was made to different categories of returnees such S N20, 000 for single returnees, N25, 000 for pregnant returnees, and N10, 000 for children, The Nation writes. It said […]
World Cup champion France tops FIFA rankings; Germany 15th
World Cup champion France is No. 1 in the FIFA rankings for the first time in 16 years. Germany, the previous World Cup champion, dropped from first to 15th on Thursday after its elimination in the group stage. The U.S., which did not qualify for the World Cup, advanced three spots to No. 22. France […]
Nigeria, India trade hits $12 bn – High Commissioner
The trade volume between India and Nigeria hit 12 billion dollars between April 2017 to March 2018, Indian High Commissioner to Nigeria, Nagabhushana Reddy, has said. Reddy said this while speaking with newsmen at a flag hoisting ceremony to mark the 72nd Independence of India in Abuja on Wednesday. The News Agency of Nigeria (NAN) […]
Foreign Exchange: Most African currencies under pressure
The currencies of Ghana, Zambia and Uganda are likely to trade on the back foot in the coming week but those of Nigeria and Kenya may hold steady. GHANA Ghana’s cedi could remain under pressure as the dollar strengthens and risk-averse investors pull out from emerging market assets, analysts said. The volatile currency touched new […]
MTN Nigeria signs 200 billion naira loan to expand network
MTN Nigeria has signed a 200 billion naira ($636 million) loan with a consortium of 12 lenders to fund capital expenditure and working capital, it said on Thursday. The seven-year facility will enable MTN expand its voice network and data service, the company said in a statement. It said the naira-denominated loan has a two-year […]
NAGAFF Threatens to Blacklist Shipping Companies in Nigeria
– Alerts on systems breakdown in ports management and administration By Foster Obi National Association of Government Approved Freight Forwarders (NAGAFF) says it may likely to blacklist some shipping companies “from undertaking their clients Nigeria bound cargoes. According to a press statement signed by Emma Agubanze, Head Special Duty, NAGAFF Headquarters, “Those that may face […]