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Christine Lagarde, the managing director of the International Monetary Fund (IMF), was found guilty yesterday of criminal charges linked to the misuse of public funds during her time as France’s finance minister, a verdict that could force her out of her...

Latest Market trends, Up & down reports and the financial gossip

Comments Off on MMM is BACK! But with new conditions.

MMM is BACK! But with new conditions.

One month after the withdrawal bottom on Nigeria’s online Ponzi scheme, MMM was frozen, the scheme is back with new conditions for its subscribers, some of who have become more cautious. Some subscribers who spoke with LEADERSHIP Weekend said while their faith in the scheme has not been eroded with the happenings in the past few weeks, they plan to reduce the amount they put back into the system. MMM...

Naira to weaken as forward market declines

Comments Off on Naira to weaken as forward market declines

The naira is expected to weaken further in the forwards market despite measures implemented by the Federal Government to mitigate the situation. According to a Bloomberg report, six-month contracts declined to their lowest level since September last week as crude oil advanced by 20 per cent after...

Dollar Supplies may boost Naira Liquidity this week

The naira is seen strengthening in the near term as Bureau De Change operators expect dollar supplies from international money transfer agents to boost liquidity. The local currency held steady at 490 to the dollar on the parallel market on Friday, the same level...

FG Secures $150m World Bank Support for Mining Development- Fayemi

The Federal Government, through the Ministry of Mines and Steel Development, has secured $150million (N45.7 billion) support from the World Bank for the Mineral Sector Support for Economic Diversification (MSSED or MinDiver) programme. The Minister of Mines and Steel...

Big Brother Nigeria Returns on GOTV

GOtv subscribers will, for the first time, have the opportunity to watch Big Brother Naija, the runaway hit reality show returning after a decade.  The show, which kicks off on 22 January, will air on...

by Emperor Zola

Totota Unveil Cars That Greet

It is amazing what automakers are doing with new technology to retain old customers and win new fans as competition in the automobile industry gets tougher. A car that greets its owners and passengers as they walk towards it has been produced by Toyota Motor Corporation. The vehicle, which was meant to be a display of Toyota’s car for the future, looks...

Stanbic IBTC launches integrated financial services mobile app

Stanbic IBTC has launched a new mobile app as part of its financial service offering and to boost customer service delivery and user experience. The app was officially released into the market on the 29th of November and is currently...

Guinness Nigeria announces EGM to approve Rights Issue

Lagos, Nigeria: 23rdDecember 2016*–Guinness Nigeria Plc has announced its intention to hold an Extraordinary General Meeting (EGM) of its shareholders to approve resolutions for a rights issue. The EGM is scheduled for 24th January...

Reduction of MTN’s N1.04tr Fine in Good Faith, Says Shittu

The Minister of Communications, Mr. Adebayo Shittu, has said that the reduction of MTN’s fine from N1.04 trillion to N330 billion by the federal government, was done in good fate to save MTN’s business from total collapse and to also...

Snake in the Plane! Emirate Cancels Flight After Snake was Spotted on Board

A Dubai-based airline, Emirates, on Monday said one of its flights from Muscat, Oman, to the UAE was cancelled the previous day after a snake was spotted slithering in the cargo hold. It added that no...

Buhari sacks aviation heads, appoints Akinkuotu, others

President Muhammadu Buhari on Monday sacked the heads of four aviation agencies and promptly appointed their replacements. The agencies affected include the Nigerian Airspace Management Agency, Nigerian...

Passengers, Airlines Count Losses as Harmattan, Fuel Scarcity Disrupt Flights

Airlines and passengers are counting their losses as high cost of aviation fuel and harmattan haze are dealing a heavy blow on the industry right now. Air ticket prices for domestic flights rose by over...

Airline Operators Threaten to Suspend Flights over Obsolete Landing Aids

Airline operators have threatened to suspend flights pending when the government would provide modern landing aids that would enable them fly with minimum visibility as obtained in other countries, including...

Stakeholders Urge Operators to Take Advantage of Improved Mining Funds

A deputy director of information in the Ministry of Mines and Steel Development, Rhoda Ishaku Iliya, has stressed the need for stakeholders to key into the improved funding profile of the Nigerian mining...

Totota Unveil Cars That Greet

It is amazing what automakers are doing with new technology to retain old customers and win new fans as competition in the automobile industry gets tougher. A car that greets its owners and passengers...

Power: Afam Genco, Eko Disco Fined N66.6m by NERC

For failing to submit their audited financial reports for the years 2013 and 2014, Afam Power Plant Plc and Eko Electricity Distribution Company (EKEDC) have been fined N66.6 million by the country’s...

NDLEA mops-up banned foreign fruit juice in Kaduna

The National Agency for Food and Drugs Administration and Control, NAFDAC, has commenced mopping up of banned foreign fruit juices in Kaduna markets. Natim Mullah- Dadi, the State Coordinator of the agency...