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Tag Archives: Business Gist


Top 21 Facts About Dangote’s Refinery & Petrochemical Plant.

1. Over $4 billion worth of equipment currently sits on the site. 2. The project is slated to cost $14 billion (N2.8 trillion) of which Dangote is contributing $7 billion in equity. 3. The project site is larger than Victoria ...

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CBN sacks Skye Bank’s management

CBN sacks Skye Bank’s management over capital adequacy issues, now set to partially take over the bank

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Amaechi inks over 3 trillion naira ($11.117bn) Lagos-Calabar railway project

Amaechi signs MoU on the $11.117bn Lagos-Calabar railway project expected to be completed in 2 years See more photos after the page break.

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FG to borrow ₦395bn via bonds

According the Debt Management Office ( DMO ) the FG is planning to borrow between N305bn and N395bn ($1.08bn-$1.40bn) in local currency-denominated bonds with maturities ranging from five to 20 years in the third quarter of this year. The FG ...

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send money online

Send Money Online – AfriShopOnline Wire Transfer scam or fraud ?

Before, sending money online involved lots of paper work and lots of time. Often, whenever we are caught between businesses and there’s an urgent situation where we must send money to others, it’d show to be a painstaking task. With ...

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eco bank

Ecobank fires over 1000 of its staff

The management of Ecobank Nigeria has let go 1040 of its staff. A source in the bank says the employment cut was at first pegged at 1400 however it was reviewed down to 1040.  An announcement by the bank’s Managing ...

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