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Why CBN Revoked Skye Bank License

The Central Bank of Nigeria, CBN says it revoked the license of Skye Bank after examinations and forensic audit that revealed that the bank requires urgent recapitalisation. Godwin Emefiele, Governor of the CBN also disclosed that Skye Bank can no longer continue to live on borrowed times with indefinite liquidity support from the CBN. According

GTBANK Food and Drink Fair 2018

GTBANK Food and Drink Fair Ends With a Flourish

The event is the sort that lingers in the memory long after it has held. Different International chefs from around the world, witnessed the event tagged -Gtbank Food and Drink Fair 2018. The annual fair which lasted from April 29th to May 1, held at Oniru-Lekki, Lagos. Its aim is to connect buyers and sellers

Kemi Adeosun Photo

Nigeria Floats US$3bn Dual-Tranche Bond to Fund 2018 Budget

Following the presentation of the N8.6 trillion 2018 Budget to the the National Assembly two weeks ago, the Federal Government on Monday announced that it has priced its offering of US$3 billion aggregate principal amount of dual series notes under its US$4.5 billion Global Medium Term Note programme (increased from US$1.5 billion). The Ministry of

Dr. Bukola Saraki Photo

Speech Delivered By The Senate President On The Presentation Of The 2018 Appropriation 7th November 2017

SPEECH DELIVERED BY THE PRESIDENT OF THE SENATE, FEDERAL REPUBLIC OF NIGERIA, HIS EXCELLENCY, SENATOR (DR.) ABUBAKAR BUKOLA SARAKI (C.O.N) ON THE PRESENTATION OF THE 2018 APPROPRIATION BILL – 7TH NOVEMBER, 2017. PROTOCOL. 1. Mr. President, on behalf of my colleagues, Distinguished Senators of the Federal Republic of Nigeria and Honourable Members of the House of Representatives, I welcome

Kemi Adeosun Photo

Nigeria Is Not An Oil Economy

    Descriptions of Nigeria’s economy often include such phrases as ‘Africa’s largest oil producer’ and ‘the oil rich African nation’ but oil economies are typically characterised by low population densities and abundant oil resources.  Saudi Arabia with 10 million barrels of oil per day and 30 million people, Kuwait with 2.7 million barrels of

A Green Initiative For Nigeria

As a company, Green Nation, seeks to educate and enable Nigerians maximize the gains in the agriculture sector. Towards that end, the company organizes a weekly seminar in Ikeja, Lagos.  The initiative, which began in April, 2017 continues to gather momentum as more people join to learn modern trends in agriculture. To benefit, prospective members are

Nigerian Breweries Rewards Journalists

It was a night of reward for Nigerian journalists who have distinguished themselves especially in  agriculture reporting, at the 9th edition of the Nigerian Breweries Golden Pen Award, an annual event organized by Nigerian Breweries Plc, NB Plc. The 2017 edition was held on Friday night at the Eko Hotel Lagos, and it was entitled:”Agriculture, Local Sourcing and Industrial Development”. In his

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