Welcome To Mc Ebisco

Category: Business


The Ebonyi Police Command on Thursday said it had uncovered a new strategy used by criminals to rob bank customers. The command’s spokesperson, Mrs Loveth Odah, made this known in Read more…


When we spend money, two things inevitably occupy our minds about money. We either feel good that we make a good decision about the expense or we dive into a Read more…


It’s bad news for Nigeria and other OPEC countries and Russia as they meet in Vienna on 5 December to discuss output levels for next year. The market forecast for Read more…


Despite the travails of the CEO of Air Peace, Chief Allen Ifechukwu Athan Onyema, the airline has reason to celebrate as Air Peace has wet-leased one Boeing 737-800NG from Portuguese Read more…


The Federal Government has assured that there will be no scarcity of Petroleum Products during this yuletide. The assurance was given by top Federal government officials during a meeting in Read more…


Ghana Traders destroys Nigerians Properties, Locks their shops, insisting they must Leave their country over border closure. A voice was heard saying that xenophobia have started in Ghana, but we Read more…


It has been revealed that bank users must provide their evidence of tax payment as a condition for operating a bank account as from January, according to the financial bill Read more…


Nigerians are in for a shock as the Finance Bill currently passed by National Assembly has amended sections 33, 49 & 58 of the Personal Income Tax Act. Thus, individuals Read more…


The Nigeria Labour Congress [NLC] has written a letter to the Managing Director/CEO of First Bank of Nigeria PLC over plans to unjustly lay off staff of the bank. More Read more…


Justice Mohammed Owolabi of the Oyo State High Court on Friday, November 29th sentenced a former staff of the Ayete Microfinance Bank Limited, situated in Ayete, Oyo State, Sunday Fadayomi Read more…


The Central Bank of Nigeria is giving collateral free loans of up to N10,000,000 (Ten million Naira) to small businesses in a scheme called; Agric-Business/Small and Medium Enterprises Investment Scheme Read more…


The Bank of Ghana has introduced GH¢100 and GH¢200 notes as additions to the country’s currency denomination mix. The Central Bank has also introduced a GHC2 coin. This was announced Read more…


The Senate on Thursday urged President Muhammadu Buhari to initiate the process of computerising the nation’s oil sector. This, according to the Senate, is to curb the multifaceted challenges associated Read more…


The Federal Government says it will rehabilitate the Warri, Port Harcourt and Kaduna Refineries to achieve local production of 360,000 MTPA of Liquefied Petroleum Gas (LPG) by 2023. The News Read more…


The Board of Directors of the African Development Bank Group on Thursday approved a long-term Senior Loan of $400 million to support the building of an integrated Liquefied Natural Gas Read more…


There are indications that workers at the Federal level and Lagos State will begin to benefit from the recently signed N30,000 Minimum Wage by President Muhammadu Buhari by December this Read more…


Oil prices rose yesterday on hopes of progress towards a trade agreement between the United States and China, the world’s biggest oil users, and predictions of a draw on U.S. Read more…


Mr Waziri Adio, the Executive Secretary Nigeria Extractive Industries Transparency Initiative (NEITI) says the Federal Government will soon unveil the beneficial ownership register for the oil and gas industry. Adio, Read more…


Previously, getting your money from Nigerian banks immediately after a failed transaction was one of the most difficult things to do in this life. On God! You’d have to literally Read more…


Ekiti State Commissioner of Police , Mr Asuquo Amba , on Friday, November 22, said that the Inspector General of Police , Mohammed Adamu , had ordered a thorough investigation Read more…


The Debt Management Office (DMO) says that Nigerian’s total debt profile is N25.7 trillion. The Director-General of the office, Ms Patience Oniha, announced this while addressing House of Representatives Committee Read more…


The Country Chairman of Shell Companies in Nigeria, and Managing Director, Shell Production Development Company, Mr.Osagie Okunbor, has called for the right investment climate, to enable the expansion of Nigeria’s Read more…


The governor of Taraba State, Arc Darious Dickson Ishaku yesterday pledged to leverage the state economic potentials to grow the fortunes of the state. Darius made the pledge when he Read more…


Tony Elumelu C.O.N, Founder, Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa Group (UBA) has proposed job creation for the youth, inclusive growth, and gender diversity as priority Read more…


U.S. Oil prices fell for the second straight day yesterday amid market concerns over limited progress between China and the United States on rolling back trade tariffs, exacerbated by a Read more…


The Federal Government has given Mrs. Josephine Ugwu, the staff of the Federal Airports Authority of Nigeria (FAAN), who in 2015 returned $12,200 belonging to a passenger at the Murtala Read more…


The Vice President of Nigeria, Prof. Yemi Osinabjo, yesterday announced that Nigeria loses about N455billion annually due to poor sanitation as a result of illness, low productivity and loss of Read more…


Some financial experts and stakeholders have appealed to bank unions’ to dialogue with their employers to forestall the proposed operation shut down of banks by Jan. 2. The Association of Read more…


The National Bureau of Statistics [NBS] has reported that the importation of fuel has reduced by 512 million litres within the last 3 months. The period in question, it could Read more…


According to information from the National Bureau of Statistics [NBS], Anambra is the 18th richest state in Nigeria based on Federation Account Allocation Committee [FAAC] allocations for the year 2019 Read more…


Nigeria is currently producing between 1.6 million and -1.7 million barrels per day (bpd) of crude oil, the Chief Operating Officer (COO) of the Nigerian National Petroleum Corporation, Roland Ewubare, Read more…


Fast growing Airliner in Nigeria, Air Peace has been named the company of the year at the 2019 Business Hallmark People of the Year Awards. In a statement, the airline Read more…


Residents of border communities in Ogun, Lagos, Adamawa, Katsina and Sokoto states are groaning following the Federal Government’s suspension of fuel supply to areas within 20 kilometres to the nation’s Read more…


The Nigerian National Petroleum Corporation (NNPC) is asking the Supreme Court to review a $22,630,000 (N8, 146, 800,000) damages verdict against it. The apex court, which has listed the landmark Read more…


Crude Oil price recorded fresh rally yesterday on the heels of a positive outlook seen in the Organization of Petroleum Exporting Countries, OPEC’s, 2019 World Oil Outlook, a medium-to long-term Read more…


The senate committee on finance has summoned Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), over approved exchange rate for projects under the presidential infrastructure development fund. In Read more…


Access Bank Plc, on Tuesday, announced the resignation of Dr Ernest Ndukwe as an Independent Non-Executive Director from its board. This was contained in a statement issued by Mr Sunday Read more…


The Group Managing Director of Nestoil Dr Ernest Azudialu-Obiejesi, has emphasised the need for the Nigeria Police to engage host communities deeply in developing strategies to protect Oil and gas Read more…


Oil trader Vitol said it has quit a consortium that was set to buy a stake in two Nigerian oil fields from Brazil’s Petrobras, its former partner said at the Read more…


Nigeria’s crude oil reserve has been depleting due to the failure of the country to encourage exploration and production which in-turn would have been boosting its reserves. Andrew Obaje, former Read more…


The signing of the world’s largest trade pact will likely be kicked back to 2020, according to a draft statement by Southeast Asian leaders, delaying a deal craved by China Read more…


…as chemical union says closure is threatening their jobs While the Nigeria Customs Service (NCS) is boasting that it has made nothing less than N2.5 trillion as a result of Read more…


Nigeria and Russia Thursday in Sochi, Russia, signed an important Memorandum of Understanding (MoU), which will enable both countries’ oil giants, Nigerian National Petroleum Corporation (NNPC) and Russia’s Lukeoil to Read more…


Customers who use unstructured supplementary service data (USSD) channels to access banking services would have to pay new charges from October 21. Some telecommunications network service providers have sent notices Read more…


This new charge would mean that customers will be charged N12 for every minute spent on the USSD channel. Customers who use unstructured supplementary service data (USSD) channels to access Read more…


Following a new notice to subscribers by telco companies concerning new charges, the CBN has intervened. The Central Bank of Nigerian (CBN) has directed banks to shun telecommunication providers that Read more…


Zainab Ahmed, the Minister for Finance, Budget and National Planning, has said under-recovery of Premium Motor Spirit (PMS), popularly referred to as fuel subsidy will gulp N450 billion in 2020. Read more…


By Bisi Oladele, Ibadan The All Progressives Congress (APC) in Oyo State has berated Governor Oluseyi Makinde and the Speaker of the state assembly Hon. Adebo Ogundoyin over express approval Read more…


Tradings on the Nigerian Stock Exchange (NSE) closed bearish on Thursday 10th October 2019 as key market growth indices continue tanking. The negative trend was as a result of major Read more…


Nigerian billionaire businesswoman, Bola Shagaya has celebrated her birthday by sharing some really cute photos. Bola Shagaya, a Nigerian billionaire businesswoman, is in a really happy mood as she turns Read more…


Conference of Nigeria Political Parties (CNPP) has reacted to the bill to enact a law to impose a communication service tax meant to replace the Federal Government’s proposed 2.5 percentage Read more…


A Nigerian Investment Bank, FSL Securities Limited has offered to assist Imo State Government in raising about N100Billion for infrastructural development in the State. The Group made the disclosure during Read more…


UBA Foundation, the Corporate Social Responsibility (CSR) arm of the United Bank for Africa (UBA) Plc, has commenced the 2019 edition of its annual National Essay Competition in Nigeria with Read more…


The Federal Government lost $21 billion (about N7 trillion) to foreign oil firms in the past twenty years, according to the upper chamber of the National Assembly. This came to Read more…


Nigerian Senate has asked three of its committees to probe seven different international oil companies after their alleged refusal to remit about $21 billion to the federal government. Naija News Read more…


CBN Wants More Loans For Businesses The Central Bank of Nigeria (CBN) has given commercial banks a December 31, 2019 deadline to raise their loan-to-deposit ratio from 60 to 65 Read more…


The Federal Government led by President Muhammadu Buhari says that plans were at the advanced stage to return toll gates on the federal highways. Naija News reports that the Minister Read more…


World Bank has approved the appointment of Shubham Chaudhuri as the country director for Nigeria. Naija News understands that Chaudhuri, an Indian national, joined the World Bank in 2004 and Read more…


Flamboyant Nigerian businessman, Ismaila Mustapha aka Mompha has bought himself the latest Rolls Royce Wraith Eagle viii 2020 and he claims he’s the first African in the whole world and Read more…


The Central Bank of Nigeria (CBN) has apologized to bank customers for the inconveniences the newly introduced cashless policy will cause. CBN governor Godwin Emefiele rendered the apology at the Read more…


Nigerian bank customers are to start paying some more for PoS transactions following a CBN directive. Bank customers are to pay more for Point of Sale (PoS) transactions. This follows Read more…


CBN Launches New Policy The Central Bank of Nigeria (CBN) has ordered the implementation of a new phase of its cashless policy which will see Nigerians charged for certain categories Read more…


The Central Bank of Nigeria (CBN) on Tuesday said that the nationwide implementation of the cashless policy will begin by March 2020. The apex bank said this in a circular Read more…


JOHANNESBURG – South Africa’s rand steadied early Wednesday as fears of an oil price spike eased after Saudi Arabia’s energy minister said the kingdom would restore lost oil production by Read more…


The Central Bank of Nigeria has undertaken to hire all first-class graduates of Economics from Ebonyi State. The state commissioner for information and orientation, Uchenna Orji, disclosed this on Thursday Read more…


Farmers association in Niger has established a Village Savings and Loan Association (VSLA) among members at various wards in the state. Alhaji Shehu Galadima, chairman All Farmers Association of Nigeria Read more…


Central Bank of Nigeria (CBN) has told lenders to stop processing milk imports on a credit basis, bankers said on Tuesday, after the bank last month said would ban access Read more…


Anambra traders are currently at each other’s throat over the leadership of the Anambra Market Amalgamated Traders Association ASMATA -the umbrella body of all the market Associations in Anambra State. Read more…


The National Industrial Court in Ikoyi, Lagos, Southwest Nigeria has dismissed the objection filed by a multinational Oil company, ExxonMobil Corporation and its parent body, Mobil Producing Nigeria Limited against Read more…


HSBC on Monday said its Group Chief Executive John Flint had stepped down as the bank braces for geopolitical uncertainties. The announcement came as the banking giant reported pre-tax profit Read more…


The Nigerian National Petroleum Corporation (NNPC) says it has no plan to relocate its subsidiary, Nigerian Gas Company (NGC) outside the Niger Delta region. The spokesman of the corporation, Mr Read more…


The disbursement of over N2.45bn paid to Bonny kingdom by Shell for its operations of its Bonny crude oil and gas terminal has torn the Amanyanabo, Edward Asimini Dappa Pepple Read more…

YOU MUST READ

Loading...

Contact Us Here

Mc Ebisco Reminding You How Many Days Left For Christmas

Get Latest Mc Ebisco News Alert!

Enter your email address:

Delivered by FeedBurner

Watch Mc Ebisco Comedy

Translate »