Acting President Yemi Osinbajo’s assurances of economic recovery from bleakness of recession to dawn of abundance is becoming a reality as indices indicate. He said on his June 12 message: “Our path to progress and abundance is clear. The tools are in place and the resilient, resourceful and hardworking Nigerian …
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Latest ranking of the world’s richest people by Forbes has shown that oil tycoon and Nigerian Business mogul, Femi Otedola‘s net worth has plunged from $1.8 Billion to $550 Million as recession beat down a massive drop in the stock price of Forte Oil, the Nigerian Stock Exchange-listed petroleum marketing company. As …
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The Central Bank of Nigeria (CBN) came down hard on the Financial Reporting Council of Nigeria (FRCN) saying the Council’s indictment of Stanbic IBTC Holdings Plc (SIBTCH) is baseless and lacking in merit. The CBN Governor, Godin Emefiele who registered the bank’s displeasure with the Council in a letter addressed …
Read More »A Chinese state-owned engineering company, Sinoma, in partnership with Dangote Cement company, has signed a deal worth $4.3bn to build Cement factories in Nigeria. The Chinese company also plans to build seven plants across the continent and one in Nepal. The new factories are expected to add around 25 million …
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