Experts divided over CBN’s 3% interest rate slash
Mixed reactions yesterday trailed the Central Bank of Nigeria, CBN’s cut on interest rate by three per cent, as the Monetary Policy Rate, MPR, was reduced from 26.5 per cent to 23 per cent.
Staying in comfortable hotels inspired my passion for hospitality business —Ojede
Hospitality business for me is something I have always desired. My wish is to own a chain of five-star hotels across the country since it is one business that will always have immediate impact on the lives of people. Come to think of it, apart from good health and employment, the next or should I say the primary need of man is shelter. I have been in hospitality business for a long time. I didn’t just start over night. At a time, while growing up, I spent most of my time in hotels/suites, using their lobbies and sometimes their rooms as an office.
Nigerians cry under biting petrol scarcity
Nigeria, Africa’s leading oil producer, on Thursday warned that jobs could be at risk, as a weeks-long fuel crisis showed no signs of easing. Long queues have been seen for days outside filling stations, flights have been grounded and generators that kick in when the country’s patchy public electricity supply goes off have run silent, […]
Why investors, families prefer to settle in Canada – Immigration lawyer
Mr Julien Tétrault, is a Quebec lawyer, President of JTH Lawyers Inc, Canada. He founded and acted as President of the Immigrant Investor section of Québec Lawyers abroad. According to report, he has represented over 1,000 immigrant investors from over 60 countries, including a significant number of Nigerian families that have already relocated to the province of Quebec, Canada. In this interview, he speaks about Quebec Immigrant Investor Program.
NECAN accused DISCOs of extorting customers
The Nigerian Electricity Consumers Advocacy Network, NECAN, has accused the Distribution companies of extorting customers by billing them for unsupplied power. This is even as customers in Isashi areas in Lagos state has warned DISCOs marketing officers in the area not to venture entering the areas with the notion to disconnect resident until there is improvement in the power supply deliver to the community.
Net Interest Margin improves over last 3 years – Unity Bank boss
Unity Bank Plc has stated that its renewed strategy following the completion of its consolidation has started bearing fruits as it recorded a tremendous growth from a loss position of N33.64 billion in 2013 to a profit position of N13.6 billion in 2014, just as the Net Interest Margin, NIM improved over the last three years.
