Cashless Policy: Value of Mobile Money Transactions Rises to N40bn Monthly

Cashless . Cashless Policy

With the growing adoption of the cashless policy and increased patronage of mobile money in Nigeria, the Central bank of Nigeria (CBN) has put the value of transactions recorded through mobile money platform at N40 billion monthly . . .

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Cashless Policy: Value of Mobile Money Transactions Rises to N40bn Monthly

SimbaPay to Ease Money Transfers to Africa from EU Countries

Simbapay

A leading digital money transfer provider, SimbaPay (www.SimbaPay.com), says Africans living in five additional EU countries will now be able to send money back home instantly and free of charge . . .

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SimbaPay to Ease Money Transfers to Africa from EU Countries

NNPC to Import 45m Litres of Petrol Daily from March 1, 2016

NNPC Towers

The Nigerian National Petroleum Corporation (NNPC) on Monday said that it would, from March 1, begin to take delivery of 45 million litres of petrol every day for distribution across Nigeria . . .

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NNPC to Import 45m Litres of Petrol Daily from March 1, 2016

Human rights lawyer files suit to ban U.S. Dollar in Nigeria

Dollars . FOREX.jpg

Femi Falana asks court to ban dollar as a legal tender in Nigeria

A Nigerian Human Rights lawyer, Mr. Femi Falana (SAN), filed a suit before the Federal High Court in Abuja on Wednesday, praying for an order restraining the Central Bank of Nigeria from allowing market forces to determine the exchange rate of the naira . . .

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Human rights lawyer files suit to ban U.S. Dollar in Nigeria

Naira gains on Dollars as reserves rise

Naira . notes

The naira continued to gain strength at the parallel market on Monday as an overflow of dollars chased the local currency. The value of the naira which had gone haywire last week rose to around N367 to the dollar . . .

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Naira gains on Dollars as reserves rise

Nigeria & Saudi Arabia vow to fix oil prices

Buhari . Saudi Arabia.jpg

Nigeria’s President Muhammadu Buhari and King Salman Bin Abdul-Aziz of Saudi Arabia say they will do everything possible to ensure a rebound of oil price and a stable market . . .

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Nigeria & Saudi Arabia vow to fix oil prices

CNNMoney Embarks On Global Expansion

CNNmoney

CNN Worldwide said it is expanding its CNNMoney brand internationally, to provide consumers around the world with its industry-leading business and financial news and analysis . . .

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CNNMoney Embarks On Global Expansion

Africa 2016: African leaders seek investments

Buhari . At Africa 2016 Business Summit in Egypt

African leaders and bankers vowed at an economic summit in Egypt Saturday to push for trade and investments on the continent despite the growing threat of “terrorism” in the region . . .

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Africa 2016: African leaders seek investments

NNPC in Talks with IOCs, Banks to raise capital for new drilling

NNPC . Off shore oil rig.jpg

NNPC in Talks with IOCs, Banks to Finance New Drilling, Repay Debt

The Nigerian National Petroleum Corporation (NNPC) is in talks with oil majors and banks to raise capital for new drilling and to repay up to $4 billion in debt that the state oil company has accumulated over years of mismanagement, the Group Managing Director of NNPC, Dr. Ibe Kachikwu, has told Reuters . . .

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NNPC in Talks with IOCs, Banks to raise capital for new drilling

Dangote launches 8,000 hectares rice outgrowers scheme

Dangote 2

Alike Dangote, the President of Dangote Group at the weekend flagged off his multi-billion Naira 8000 hectares of Rice Outgrowers Scheme in Hadejia, Jigawa state as part of his partnership with governments at all levels to reduce food imports . . .

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Dangote launches 8,000 hectares rice outgrowers scheme