All posts by Ifreke Inyang

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  CBN urged to upgrade information security standard

  The Central Bank of Nigeria (CBN) has been advised to upgrade its Information Security Standard (ISO) from the ISO 27001: 2005 to the current version, ISO27001:2013. The Surveillance Auditor of the British Standards Institute (BSI), Vikas Mulkutkar,...

  • Posted June 17, 2014
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  Currency-in-circulation falls by 11.4% in First Quarter

  Amidst the growing fear of a likely liquidity glut in the run-up to next year’s elections, statistics made available by the Central Bank of Nigeria in respect of fiscal performance in the first quarter of the year...

  • Posted June 16, 2014
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  Banks credit to FG drops by 20.9%

  Total credit from the banking sector to the Federal Government declined by 20.9 per cent, between March and April, figures obtained from the Central Bank of Nigeria have revealed. The CBN bank in its economic report for...

  • Posted June 16, 2014
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  Four sectors can contribute $800bn to Nigeria’s GDP by 2030 – Report

  Four sectors—agriculture, trade, manufacturing and infrastructure could contribute about $800 billion to Nigeria’s current gross domestic product (GDP) of $510 billion by 2030, a report by the McKinsey Global Institute (MGI)—the business and economics arm of world...

  • Posted June 16, 2014
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  Oil & gas, banking lead capital market recovery

  The Nigerian Stock Exchange’s Oil and Gas Index and Banking Index have led the recovery of the market following a turbulent first quarter in which the Exchange witnessed its biggest sell-off in recent years. A review of...

  • Posted June 16, 2014
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  Mobile payment transaction hits N271billion

  In spite of the initial apathy to the mobile payment initiative of the Central Bank of Nigeria (CBN), there are indications that the policy is gaining traction as the total value of mobile payments in the country...

  • Posted June 16, 2014
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  Delegates fault privatisation exercise

  The privatisation exercise in the country came under scrutiny as delegates at the ongoing National Conference yesterday faulted the entire exercise being carried out by the federal government. It stated that the processes were not transparent as...

  • Posted June 15, 2014
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  FG seeks $200m German support for proposed development finance institution

  The federal government has moved a step further to actualise its proposed wholesale development finance institution aimed at ensuring the growth of the real sector as it seeks to secure a $200 million (about N32 billion) soft...

  • Posted June 15, 2014
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  Local investors’ participation on NSE drops to 25%

  The level of local investors’ participation on the Nigerian Stock Exchange, NSE, has continued to shrink since the beginning of the year with their percentage contribution to transactions on the Exchange declining to 24.75 percent as at...

  • Posted June 15, 2014
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  US imposes conditions of entry on Nigerian vessels

  The United States government yesterday imposed “Conditions of Entry (COE)’’ on vessels originating or calling from Nigerian ports. The US mission in Nigeria said in a statement that it was henceforth, required that Nigerian vessels met certain...

  • Posted June 15, 2014
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