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We didn’t Shut-down or Sack Workers, Says Innoson

Innoson Vehicle Manufacturing Company Limited (IVM), one of Nigeria’s auto manufacturing outfits, has said it was still producing vehicles with full complement of its workers, and had not shut its plant in Nnewi, as reported recently in various sections of the media. This was contained in a statement the management …

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WorldRemit commends CBN for licencing 11 money transfer firms

WorldRemit, the leading digital remittance service, has commended the restoration of money transfers to Nigeria, following the decision of the Central Bank of Nigeria (CBN) to approve WorldRemit and ten other international money transfer operators (IMTOs). At the beginning of August 2016, hundreds of IMTOs suspended their operations, leaving the …

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CBN Re-instates 8 Banks Banned from FOREX Market

CBN Governor, Godwin Emefiele

The Central Bank of Nigeria (CBN) has reinstated all the banks that were banned from the foreign exchange market, the Director, Banking Supervision, Tokunbo Martins, has said. on Wednesday August 31st in Abuja at a media briefing, stating that the decision was reached after a series of meetings with the …

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6 things Nigeria, Africa gained from Buhari’s trip to Kenya

The Presidency has listed the gains of President Muhammadu Buhari’s participation in the just concluded Tokyo International Conference on Africa Development (TICAD VI) to include the billions of dollar to be injected into African economies by Japan. A statement issued in Abuja on Tuesday by Garba Shehu, the Senior Special …

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Buhari to attend African development summit in Kenya

Buhari calls for new ideas

President Muhammadu Buhari will attend the Sixth Tokyo Interna­tional Conference on African Development (TICAD VI) in Nairobi, Kenya holding between August 27 and 28, 2016. This will be the first time TICAD is being hosted in Africa since its inception in 1993. The summit is co-organised by the Government of …

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