Latest News

• NEXIM to provide N9b for solid minerals by 2015

  The Managing Director, Nigeria Export Import (NEXIM) Bank, Mr Robert Orya, has told the Miners Association of Nigeria that the bank will provide about N9billion of the solid minerals sector financing requirement by 2015. Its Head of...

  • Posted March 28, 2011
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• NCC flags off sim card registration today

  The Nigerian Communications Commission (NCC) will flag off nationwide Subscriber Identity Module (SIM) card registration today. It has also served a two week’s ultimatum to telecom service providers to decongest their networks and improve on their services...

  • Posted March 28, 2011
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• Merger: Access, Intercontinental banks sign MoU

  Access Bank Plc and Intercontinental Bank Plc have signed a Memorandum of Understanding (MoU) to merge. In a statement issued by both institutions, the MoU followed the “completion of a competitive, rigorous and transparent selection process and...

  • Posted March 28, 2011
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• NDIC unleashes new examiners on banks

  In its effort to have a firm hold on the banking industry, the Nigeria Deposit Insurance Corporation (NDIC) has released a fresh set of bank examiners to monitor the sector. The exercise also seen an attempt to...

  • Posted March 28, 2011
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• Anxiety as banks struggle to meet divestment deadline

  There are indications that many banks are yet to divest from their insurance subsidiaries, a few days to the deadline given by the Central Bank of Nigeria (CBN). The apex bank had fixed March 31, this year,...

  • Posted March 28, 2011
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  Federal Govt, Korean firm in talks over sale of Egbin plant

    The Federal Government is discussing with a South Korean firm, Korean Electric Power Corporation (KEPCO), to sell Egbin power plant. The Minister of State for Power, Nuhu Wya, confirmed that the government is in talks with...

  • Posted March 28, 2011
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  Breaking the housing chains

  With the acute shortage of housing in the country, it would take more than mere promises by politicians to help revive the nation’s mortgage industry and effectively cater for housing needs of citizens. According to industry experts,...

  • Posted March 27, 2011
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  Market agency moves to enforce new rules

  Eager to achieve zero tolerance against infractions of its rules as a way to boost investors’ confidence in the nation’s capital market, the interim administration of the Nigerian Stock Exchange (NSE) last week got the approval of...

  • Posted March 27, 2011
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  Access Bank declares N16.2b profit before tax, 50k dividend in 2010

  ACCESS Bank Plc, yesterday, announced profit before tax of N16.2 billion and gross earnings of N91.1 billion for the year ended December 31, 2010. Deposit within the period also increased by 15 per cent to N509.6 billion,...

  • Posted March 27, 2011
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  Ekiti partners EU, World Bank on water supply

  THE Ekiti State Government says it is partnering with the European Union (EU) and the World Bank to develop underground and surface water. The partnership, government said, would enable it tackle the water and sanitation problems in the...

  • Posted March 27, 2011
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  Guinea Seeks Technical Assistance, Budget Support From AfDB

  AFTER being sworn in as Guinea’s democratically elected president three months ago, Alpha Conde, during the week, engaged international financial partners, with the African Development Bank as the first port of call. According to a statement made...

  • Posted March 27, 2011
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  ‘Food Self-sufficiency Is Bedrock Of Industrial Revival’

  CHANCELLOR of Covenant University and newly opened Landmark University, Bishop David Oyedepo, has emphasised that no country can achieve sustainable economic growth if it cannot guarantee food security for its citizenry, as agriculture revolution is the springboard...

  • Posted March 27, 2011
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  Arbitrary Bank Charges: Account Holders Seek Regulatory Authorities’ Intervention

  BANKING industry regulatory authorities have been urged to tackle arbitrary and unfair charges banks usually deducted from their customers’ accounts without notification of such charges to the account holders. The call, which was made in Lagos, at...

  • Posted March 27, 2011
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  Stock Market Features Undulating Movement In March

  STOCK market from March 1 to the close of business on Friday, March 25, recorded a turnover of 5.6 billion shares worth N149.6 billion in 130,428 deals. This occurred against the backdrop of undulating indices induced by...

  • Posted March 27, 2011
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