DASUKIGATE SCAM: Metuh To Spend The Weekend In Kuje Prisons
National Publicity Secretary of the People’s Democratic Party (PDP), Olisa Metuh, has been sent to Kuje Prisons over the $2.1 billion arms scam on the orders of an Abuja High…
NSE Boss Advises On How To Invest In This Bearish Period
The Nigerian Stock Exchange (NSE) has been on a bearish run since the beginning of this year, and the market has lost more than N1 trillion so far. The All…
[Nigerian Stocks] Bearish Trend Continues, ASI Dips By 2.99%
The Nigerian Stock Exchange (NSE) continued its bearish trend as it lost 2.99% on today’s trading to close at 23,514.04. Here is a snapshot of today’s trading; ASI: 23,514.04 DEALS:…
CBN Ban On Sales Of Forex Just Crashed The Naira TO $1/N300
The consequences of the Central Bank of Nigeria (CBN) ban on the sales of forex to Bureaux De Change (BDC) operators, seemed to have no effect on the Naira, as…
How Dangote Plans To Increase Nigeria’s Gas Consumption
Dangote Group is building a 1,100-kilometer pipeline which would give the country three billion cubic feet of gas, compared to the nation’s current consumption of one billion cubic feet. This…
Here Is How Lagos State Will Spend The $200 million World Bank Loan
The Federal Executive Council on Wednesday approved an additional $200m loan from the International Development Association, an arm of the World Bank, in support of the Lagos State Development Policy…
Innoson Sacks 50% Of Its Work Force
Nigeria’s pioneer indigenous vehicle manufacturing company, Innoson Vehicle Manufacturing Company Limited, has laid off about 50 percent of its work force, according to News Express. The change in government, high…
Senate Has Summoned Emefiele…Here Is Why
The Nigerian Senate has summoned the CBN Governor, Godwin Emefiele to its chambers next Tuesday to come and explain why the dollars is not trading for N305. The Punch reports…
[WE DON’T TRUST YOU] People Are Scared Of Depositing Dollars In Banks
As expected, the directive by the CBN lifting the ban on forex deposits into bank accounts has not gone down well with most depositors. The CBN in a recent announcement,…
2016 Is Looking Great for Patent Law
The new year just started, but already there are a number of high profile patent cases brewing. The cases of Halo and Stryker will especially carry the attention of all…