Business

This is a general business interest blog that spans across finance, economy, manufacturing, commerce and stocks locally and beyond.

October 18, 2019

LDR penalties, CBN begins refund of N500 billion to Banks

The Central Bank of Nigeria (CBN) has started refunding the Deposit Money Banks, part of the N500 billion imposed as additional cash reserve for breaching the […]
October 17, 2019

Have you seen Ben Enwonwu’s painting auctioned for £1.1m?

Agency Report/ A painting by the Nigerian artist responsible for the “African Mona Lisa” sold at auction in London on Tuesday for £1.1 million (n506, 836, […]
October 17, 2019

How Flour Mills lost N752M to hackers in UBA Bank Accounts

An auditor with United Bank for Africa (UBA) Plc, Ojo Oladimeji, has told a Federal High Court, Lagos, how suspected fraudsters hacked into the bank’s server […]
October 17, 2019

FG, Canadian firm strike new $2.3b power deal

The Federal Government and a Canadian firm, TREDIC Star Core are working on a $2.3b power deal which could improve Nigeria’s electricity generation by 1,652 megawatts […]
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