All posts by BusinessNews Staff

• 
  NDIC cannot compete with the CBN – Ibrahim

  Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, in an interview with Festus Akanbi and James Emejo, speaks on last week’s public hearing on the corporation’s act, explaining that NDIC is prepared to collaborate...

  • Posted March 16, 2015
  • 0
• 
  Currency devaluation unlikely to impact on stocks – CBN

  The Central Bank of Nigeria (CBN) Deputy Governor, Financial System Stability, Dr. Joseph Nnanna on Thursday allayed fears that the recent devaluation of the naira could erode the profitability of  capital market investors. Speaking to journalists in...

  • Posted March 15, 2015
  • 2
• 
  CIBN accredits Access Bank, GTBank training schools

  The Chartered Institute of Bankers of Nigeria (CIBN) yesterday officially recognised the training schools of Access Bank Plc and Guaranty Trust Bank Plc (GTBank) as accredited training service providers in the banking category of the institute by...

  • Posted March 15, 2015
  • 0
• 
  Automation: FG threatens sanctions against errant airlines

  The Aviation Revenue Automation Project (ARAP), a committee set up by the Minister of Aviation, Osita Chidoka, has recommended that international and domestic airline operators that fail to meet the automation guideline would be sanctioned. The committee...

  • Posted March 14, 2015
  • 0
• 
  Nigerian Ports cargo throughput rises to 86.6m metric tons

  The Nigerian seaports recorded 86.6 million metric tons in cargo throughput in 2014, the Nigerian Ports Authority (NPA) has said. Cargo throughput is the total volume of cargo (inward and outward) handled in all the port locations...

  • Posted March 14, 2015
  • 0
• 
  National Assembly approves 2015-2017 expenditure framework

  The Senate in plenary on Thursday approved the harmonised version of the 2015-2017 Medium Term Expenditure Framework and Fiscal Strategy Paper. The upper legislative chamber approved the report after the Chairman of its Committee on Finance,   Senator...

  • Posted March 14, 2015
  • 0
• 
  PIB: House removes presidential power to grant oil licences, leases

  Two years and about four months after the House of Representatives kick-started hearing on the Petroleum Industry Bill (PIB), yesterday the lower chamber came out with its recommended amendments to the bill, including stripping the president of...

  • Posted March 14, 2015
  • 0
• 
  More heads to roll over $13, 000 bribery scandal in Customs

  Strong indications have emerged that the Nigeria Customs Service (NSC) will penalise more of its personnel over the  $13, 000 bribe and other  offences allegedly perpetrated by some men and officers in the service. THISDAY checks revealed...

  • Posted March 14, 2015
  • 0
• 
  SEC to get new DG by April

  President Goodluck Jonathan has said a new director-general will be appointed for the Securities and Exchange Commission by April. Jonathan said this in Lagos on Thursday when he visited the Nigerian Stock Exchange in company with top...

  • Posted March 14, 2015
  • 0
• 
  South East industrialists condemn 95% electricity tariff hike

  Njiko Igbo Forum, a socio-political group affiliated to Ohanaeze Ndigbo, has raised the alarm over the recent 94.66 per cent increase in energy charges for industries in the South East. The 99.66 per cent increment in industrial...

  • Posted March 14, 2015
  • 0