All posts by Ifreke Inyang

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  FG clears air on auto policy implementation

  The Federal Government has said that the implementation of the Nigerian Automotive Industry Development Plan is progressing as planned and that there is no intention to reverse certain aspects of the policy. The National Automotive Council said...

  • Posted September 25, 2014
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  Employers fail to remit 130,000 workers’ pension contributions

  The pension contributions of about 130,000 workers registered under the Contributory Pension Scheme are not remitted monthly to their respective Retirement Savings Accounts by their employers, investigation has revealed. Latest figures on the quarterly RSA registration, which...

  • Posted September 25, 2014
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  Group commends NDIC’s role in financial stability

  A pan African non-governmental organisation, African Peace and Development Initiative (APDI) has commended the Nigeria Deposit Insurance Corporation (NDIC) for its commitment to the safety and stability of the country’s financial system. The NDIC was also lauded...

  • Posted September 25, 2014
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  Nigeria earns $40bn from oil exports in six months

  Nigeria has been estimated to have realised about $40 billion from crude oil exports in the first half of this year, according to the Organisation of Petroleum Exporting Countries (OPEC). The 12-nation member organisation, in its revenue...

  • Posted September 24, 2014
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  NSE Index sheds 0.16% on cautious trading

  Cautious trading by investors saw market indicators close on a negative note at the Nigerian stock market yesterday.  The Nigerian Stock Exchange (NSE) All-Share Index (ASI) fell by 0.16 per cent to close at   40,984.12,  while market...

  • Posted September 24, 2014
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  Nigeria fails to attract $100bn oil investments

  In spite of a decline in oil reserves and increasing competition for investments from other African countries, Nigeria remains sluggish in attracting new investments estimated at $100bn needed to grow reserves and production. The country, which aims...

  • Posted September 24, 2014
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  Sterling Bank records N2bn deposit from third party scheme

  Sterling Bank has said it recorded a deposit of N2 billion through its Third Party Acquirer (3PA) scheme between January and June 2014. The bank also said it has put in place necessary structure to meet up...

  • Posted September 24, 2014
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  NDIC advises PMBs to guard against risk

  The Nigeria Deposit Insurance Corporation (NDIC) has advised operators of Primary Mortgage Banks (PMBs) in the country to always comply with regulatory policies so as to avoid the build-up of risk in the sub-sector. The regulatory body...

  • Posted September 24, 2014
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  Total cuts production targets for Nigeria, others

  Oil major, Total, has cut its 2017 output goal to 2.8 million barrels of oil equivalent per day from the previous three million. The firm, which has struggled with production outages in Libya, Kazakhstan and Nigeria, said...

  • Posted September 24, 2014
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  FG serviced debt with N299.36bn in Q1 – Report

  The Federal Government spent N299.36bn to service the nation’s domestic and external debts in the first three months of this year, a document obtained from the Budget Office of the Federation has revealed. The Budget Monitoring and...

  • Posted September 24, 2014
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