All posts by BusinessNews Staff

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  Europe Economic Shock: Nigeria may be on the receiving end – IMF Chief

  Managing Director of International Monetary Fund (IMF) Christine Lagarde yesterday warned the Federal Government that Nigeria may be on the receiving end of the economic shock from Europe because of the volume of her trade all over...

  • Posted December 20, 2011
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  Africa’s Future: Responding to Today’s Global Economic Challenges (IMF Boss Speech)

  The following is full text of the speech delivered by the Managing Director of the IMF, Christine Lagarde at a Rountable Discussion with stakeholders at the Eko Hotel this morning.   Good morning. It is a privilege...

  • Posted December 20, 2011
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  Akwa Ibom Hints Of Upcoming $ 1 Billion Bond Issuance

  Akwa Ibom State Governor Godswill  Akpabio has said the state would raise  over N150 billion from the capital market through bond with a viewing to financing the industrial development of the state in the coming year. Akpabio,...

  • Posted December 20, 2011
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  Mobile Money: GTBank Partners MTN

  GTBank has entered into a partnership with MTN Nigeria to promote financial inclusiveness, with the launch of Mobile Money, targeted at the unbanked population of the county. Statistics reveals that 75 percent of adult Nigerians are either...

  • Posted December 20, 2011
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  No shift on e-payment start date – CBN

  The Central Bank of Nigeria (CBN) has fore closed a shift in the January 2, 2012 commencement date for the implementation of electronic payment system in the public and private sectors of the economy. Also, financial services providers...

  • Posted December 20, 2011
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  Why Naira Is Under Pressure

  Like human needs which are insatiable, the needs of end-users of foreign exchange have increasingly become insatiable. Matters are made worse with the Central Bank of Nigeria (CBN) constrained by the absence of a deep wallet. The...

  • Posted December 20, 2011
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  Saudi Prince Invests $ 300 Million in Twitter

  Saudi billionaire Prince Alwaleed bin Talal, an investor in some of the world’s top companies, has bought a stake in Twitter for $300 million, gaining another foothold in the global media industry. Alwaleed, a nephew of Saudi...

  • Posted December 19, 2011
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  The Real Cost Of Nigeria Petrol vs. The Fraud Called Subsidy

  Our guest author Dr. Izielen Agbon Izielen Agbon writes from Dallas, Texas. He is  former HOD , Petroleum Eng Dept, former ASUU chairman University of Ibadan, trained many operators in nation’s energy industry with practical experience on...

  • Posted December 19, 2011
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  This Budget Is Not About Grammar, This Is An Action Budget – Okonjo-Iweala

  Following the presentation of the 2012 Appropriation Bill by President Goodluck Jonathan to the National Assembly on Tuesday last week, the Coordinating Minister and Minister of Finance, Dr. Ngozi Okonjo-Iweala briefed the press to give further insight...

  • Posted December 19, 2011
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  FG to fund N794 billion of its 2012 budget deficit through domestic debt

  The Director-General of Debt Management Office (DMO), Dr. Abraham Nwankwo has said that the Federal Government will fund N794 billion of its 2012 budget through domestic debt, even as Nigeria’s total debt stands at about US $40...

  • Posted December 19, 2011
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