Nigeria Spends $500 Million Annually On Palm Oil Importation – CBN

The Governor, Central Bank of Nigeria (CBN) Godwin Emefiele on Monday said that over five hundred million dollars was being spent annually on importation of palm oil. Mr Emefiele said this at a stakeholders’ meeting on the Palm Oil Value Chain held in Abuja. The meeting was attended by the Governors of Akwa Ibom, Edo […]

FG Bans Palm Oil Import, As CBN Distributes N30bn To Producers

It is now an offence for any company or individual to import palm oil into Nigeria. In its bid to boost local production and create more jobs, President Muhammadu Buhari, has directed the apex bank to include palm oil among the banned 42 items and to prosecute firms, owners and management that violated the order […]

Buhari orders CBN to blacklist importers of palm oil, 42 other items

President Muhammadu Buhari has directed the Central Bank of Nigeria to blacklist from the banking system any firm, its owner and top management caught smuggling or dumping any of the 43 items that are not eligible for foreign exchange. The Presidential directive was disclosed by the CBN Governor, Mr Godwin Emefiele, on Friday in Abuja […]

George C. Duru

The legal Adviser / Company Secretary Mr. George Duru Esq has been in active litigation practice for sixteen {16} years did his National Youth Service with Kunle Ogunba & Associates {a notable firm of insolvency practitioners} and continued with the said firm of legal Practitioners for Fourteen years rising to the post of Head of […]

Mr. Rowland Ogbu

HR/Compliance Director A Human Capital Management & Development Consultant with over 20 years hands–on experience. He worked with Industrial Training Fund for many years in various capacities and rose to the position of Head of Training & Consultancy specializing in the Design and Implementation of Tailor-made In–plant programmes for Companies in manufacturing and logistic services. […]

Richard Adiele

Finance and Investment Directorate Richard Adiele is a veteran of over 22 years in the banking industry. He studied Finance at the University of Nigeria and holds an MBA from same school. He is an honorary senior member of the Chartered Institute of Bankers of Nigeria (HCIB). His professional career spans years at Citibank Nigeria, […]

George C. Obi

CEO/Managing Director George C. Obi is an accomplished business manager with a Midas touch on every business he manages. Trained in the UK and the USA in management sciences, Mr Obi has an uncanny ability to dig out gold from every rough he is challenged with. With a solid footing from an immensely entrepreneurial father, […]

Nigeria celebrates its democracy but millions remain in poverty

Africa’s biggest economy is vulnerable because of high unemployment and slow growth. On Monday, Nigeria’s President Muhammadu Buhari officially made June 12 a public holiday. The day celebrates 20 years of democracy in a country that was under military rule for decades after winning its independence from Britain in 1960. However, as the West African […]

Nigeria overtakes India in extreme poverty ranking

Lagos, Nigeria (CNN) Nigeria has overtaken India as the country with the largest number of people living in extreme poverty, with an estimated 87 million Nigerians, or around half of the country’s population, thought to be living on less than $1.90 a day. The findings, based on a projection by the World Poverty Clock and […]