All posts by admin

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  Cash-Lite and E-Payment Systems: Nigerian banks to save N192bn

  Nigerian banks are expected to cut down on operating expenses significantly from next year through a cost trimming process emanating from the deployment of cash-lite and e-payment transactions system. Expert said by eliminating the “cash-and-carry” status of...

  • Posted December 28, 2011
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  Retain subsidy and perish, Foreign reserves depleted – Sanusi

  From Governor of Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi, came a warning yesterday that Nigeria is heading for serious economic crisis. His warning followed his disclosure that the country lost $16 billion to subsidies this...

  • Posted December 23, 2011
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  World News You Don’t Want to Miss [17-Oct-2011]

  Asian markets were mostly up in overnight trading with the Nikkei rising 1.5%. Europe and the US were both much higher, but have completely reversed course after leaders downplayed expectations of a big solution coming next weekend. German finance minister Wolfgang Schaeuble...

  • Posted October 17, 2011
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  World: News You Don’t Want to Miss [12-Oct-2011]

  Asian markets were up in overnight trading with the Shanghai Composite jumping 3.04%. Europe is up and U.S. futures are sharply higher as markets anticipate Slovakia’s decision on the EFSF. Slovakian leaders are meeting again to vote...

  • Posted October 12, 2011
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  President Goodluck Jonathan sacks 10 agencies from ports

  President Goodluck Jonathan yesterday  approved the sack of 10 agencies from the nation’s seaports. The affected agencies were accused of working against the international best practices in port administration. They include the Standards Organisation of Nigeria (SON), the...

  • Posted October 11, 2011
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• Freelance Business & Finance Writer Needed

  If you enjoy writing, are curious about understanding companies, markets and current events, and want to participate in the internet startup experience, this is a dream opportunity. We’re looking for a few freelance contributors that can help...

  • Posted October 3, 2011
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• BusinessNews Needs a Business News Reporter

  BusinessNews  is seeking a smart, dynamic business reporter to cover Nigeria.  A minimum of three years of daily reporting experience is required. Candidates with business reporting experience are preferred. Reporter must be able to juggle breaking news...

  • Posted October 3, 2011
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  CBN to extend Islamic banking to other financial sectors – Sanusi

  THE Central Bank of Nigeria, CBN, said that plans are underway to extend the non-interest banking or Islamic banking principles to non-banking financial services. Some non-bank financial institutions, such as insurance companies, fund managers stockbroking firms have...

  • Posted September 30, 2011
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  Sanusi named Central Bank Governor of the Year

  Central Bank of Nigeria (CBN), Governor Sanusi Lamido Sanusi has, for the second consecutive year, has been named Central Bank Governor of the Year in Sub-Saharan Africa. The award was presented by the global business magazine, Emerging Market....

  • Posted September 26, 2011
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  Airlines Services Plc plans to establish export processing zones at airports

  AIRLINES Services & Logistics Plc has announced its plans to establish export-processing zones at the nation’s airports as part of its divestment measures. Specifically, the company has concluded plans to process Nigerian foodstuffs for export through its...

  • Posted September 26, 2011
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