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CBN set to blacklist loan defaulters

CBN Gov. Godwin Emefiele
The Central Bank of Nigeria under the auspices of the Bankers’ Committee has concluded plans to use the Bank Verification Number of customers to blacklist loan defaulters from accessing further loans in the nation’s banking system.

GSK Consumer holds AGM, declares N8.4BN special dividend

From Left: Mr Tunde Lemo, Independent Non-Executive Director; Mr Edmund Onuzo, Chairman; Mr Uche Uwechia, Company Secretary & Legal Director and Mr Kareem Hamdy, Finance Director, all of Glaxosmithkline Consumer Nigeria Plc, At the 47th Annual General Meeting of the Company in Lagos…. Thursday.
GlaxoSmithKline Consumer Nigeria Plc has declared a special dividend of 8.4billion Naira representing N7.10 and a final dividend of 40k per share respectively for its shareholders in the year ended December 2017. The percentage increase in the dividend is driven by the growth in the GSK reserve level over the past few years, the accumulation of profits and the recent income from the divestment of its drinks business.

Nigeria’s biggest baby store launches 45days Xmas promo

Nigeria’s one stop destination for premium baby items and maternity essentials , ONE STOP BABY SHOP NIGERIA  has clocked ten years and as part of activities planned to celebrate the anniversary, One Stop Baby Shop  has announced a special shopping promo to reward consumers for their patronage.

When silence is not golden on 2018 budget

Buhari presents 2018 budget of N8.612trn
So, it is understandable that all discussions about the 2018 Budget have been pushed to the back pages instead of being in the fore front at this time. But, that will be a terrible mistake for the National Assembly to make.

$4.2bn claim by Turkcell “baseless”, “opportunistic”, says MTN

MTN on Tuesday called a 4.2 billion-dollar claim by Turkcell in a South African court over a disputed Iranian mobile phone licence “opportunistic” and “baseless”, the company said on Tuesday after filing a defence plea.

Breaking: Mavrodi, founder of ponzi scheme, MMM is dead

Mavrodi Mondial Moneybox (MMM) Founder, Sergei Mavrodi.
The Russian Ponzi scheme founder died of heart attack on Monday, at the age of 62.

World Bank to provide over $4bn funding for impacts of climate...

World Bank
THE World Bank has collaborated with the Global Covenant of Mayors for Climate & Energy to provide technical assistance and $4.5 billion in funding to help cities around the world better prepare for and respond to the impacts of climate change, under the World Bank’s City Resilience Program (CRP).

Proper education key to consumer protection — DANBATTA

ABUJA—The Executive Vice Chairman of the Nigerian Communications Commission, Professor Umar Danbatta says good information flow and proper education is key to consumer protection in the telecom sector.

Price of cooking gas increased in February – NBS

The National Bureau of Statistics (NBS), said the average cost of refilling a five kilogramme (kg) cylinder of Liquefied Petroleum Gas (cooking gas) increased...

Why higher crude oil prices won’t save Nigeria’s economy

Nigeria’s income from crude oil export has lately been boosted, fortuitously, by the unexpected rise in crude oil prices, beyond the 2017 budget benchmark of $44.5/barrel. This favourable outcome which is evidently buoyed by OPEC’s strategic supply management, should ordinarily be a blessing to our economy. Indeed, such optimism on oil price may also be sustained by the International Energy Agency’s January 2018 Oil Market Report, which projects oil price to remain between $60-$70/barrel this year.