CBN Grants Wi-Pay Int’l Money Transfer Licence Wi-Pay has been granted an approval-in-principle by the Central Bank of Nigeria for international money transfer operations. In a...
SAP Introduces Co-innovation Lab in Africa SAP has announced the opening of Africa’s first ever SAP Co-Innovation Lab. It said that the lab offered a hands-on...
OPEC Approves Output Cut Strategy OPEC officials approved on Monday a document outlining the exporter group’s long-term strategy, in a sign its members are making progress...
MDAs Take Over Assets Sales From BPE The Federal Government has sidelined the Bureau of Public Enterprises in the process of giving out key assets and...
Power Firms Want Forex at Official Rate Power firms should be given preferential treatment with respect to foreign exchange, which is needed to procure equipment such...
Skye Bank Sacks 50 More Workers About four months after it disengaged about 200 of its workers, Skye Bank Plc has retrenched about 50 members of...
NNPC Targets Gas in 126 Northern Basins,Others The Nigerian National Petroleum Corporation on Monday said that there was a need to expand the country’s gas exploration...
CBN Warns Against Patronage of ‘Wonder Banks’ The Central Bank of Nigeria on Monday warned Nigerians against patronising what it called ‘wonder banks’, stating that their...
Naira Appreciates as Manufacturers Lament Forex Scarcity The Nigerian Naira appreciated against the US dollar on the parallel market on Monday, even as the report of...
GE Deal With Baker Hughes Creates $32 Billion Oil-Services Giant General Electric Co. agreed to combine its oil and gas business with Baker Hughes Inc., creating...