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  • CBN considers ending dollar cash sales to BDCs

    There are strong indications that the Central Bank of Nigeria (CBN) is seriously considering discontinuing its twice-weekly dollar cash sales to bureau de change (BDC) operators as it seeks to sanitise the sub-sector. The move, THISDAY gathered...

    • Posted December 12, 2015
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  • Nigeria’s economic challenges provide opportunities for innovation – Wigwe

    The Group Managing Director/Chief Executive Officer of Access Bank Plc, Mr. Herbert Wigwe, has said the current economic challenges in Nigeria and other economies across the world present opportunities for new discoveries and innovations. Wigwe, said this...

    • Posted December 12, 2015
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  • World Bank reviewing activities in Nigeria

    The World Bank has commenced the review of its activities in Nigeria. The leader of the team undertaking the review, Guillemette Jaffrin, said this when his team visited the Bureau of Public Enterprises in Abuja on Wednesday,...

    • Posted December 12, 2015
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  • Lagos targets 24-hour power supply

    The Lagos State Governor, Akinwunmi Ambode, says 24-hour power supply will boost business and increase the state’s Gross Domestic Product and that his government is ready to achieve the target. The governor also urged individuals, private homes...

    • Posted December 12, 2015
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  • Harmattan: NCAA warns pilots, airline operators

    The Nigerian Civil Aviation Authority has implored pilots and airline operators to comply with laid down flight regulations while the current hazardous weather pattern lasts. It said this had become necessary because of the increasing spread of...

    • Posted December 12, 2015
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  • Oil glut, others threaten Nigeria’s 2016 production target

    The growing supply glut in the global oil market is a threat to Nigeria’s projected production target for next year, industry experts have said. Other threats include the maturity of some fields and the global economic outlook....

    • Posted December 11, 2015
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  • Banks record N11.98bn fraud in six months — CBN

    The banking sector recorded 5,917 cases of fraud involving the sum of N11.98bn in the first half of this year, statistics obtained from the Central Bank of Nigeria have indicated. The figures are contained in the CBN’s...

    • Posted December 11, 2015
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  • Consumers oppose electricity tariff increase

    Electricity consumers on Wednesday kicked against the government’s plans to increase tariffs and demanded that the Minister of Power, Works and Housing, Mr. Babtunde Fashola, should listen to their own side of the story before approving any...

    • Posted December 11, 2015
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  • Ambode seeks more business relations with NBCC

    Governor Akinwunmi Ambode has called for strong business relations with the Nigerian-British Chamber of Commerce (NBCC). The Governor made the call at the inauguration of Dapo Adelegan as the 14th president of the Chamber. Adelegan was appointed...

    • Posted December 11, 2015
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  • FG saved N628bn in seven years from BPP’s procurements audits – Official

    Through periodic audits of the various procurement processes of the federal government’s Ministries, Departments and Agencies (MDAs), the Bureau of Public Procurement (BPP) had in the last seven years saved the government N628 billion that could have...

    • Posted December 11, 2015
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  • Experts urge Nigerians to embrace solar power

    Solar energy experts have called on the federal government to formulate policies that will encourage Nigerians to adopt solar as primary source of power in the country. The experts bemoaned the situation where Nigeria still generates only...

    • Posted December 11, 2015
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  • Okowa uncovers 70% fake farmers under Agric Scheme

    Delta State Governor, Dr Ifeanyi Okowa, might have placed his finger firmly on why several agricultural and job creation schemes by government in the past failed to yield the desired results as most of the people who...

    • Posted December 11, 2015
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  • FBN grows income to N10billion in three years

    FBN Insurance said it has in the past three years successfully raised its Gross Written Premium from below N 2 billion to N10 billion in 2015. Managing Director (MD) of the company, Val Ojumah who disclosed this...

    • Posted December 10, 2015
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  • Banks, others move to save Nigeria from anti-money laundering sanctions

    Commercial banks and other financial institutions are currently putting their records in order so as to ensure that they are not deficient in Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) rules, as the nation awaits the...

    • Posted December 10, 2015
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