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  • Zenith, UBA, First Bank lead in transfers to TSA

    With the sum of N513.425 billion of federal government’s funds paid into the treasury single account (TSA) as at October 27 by Zenith Bank Plc, United Bank for Africa (UBA) Plc and First Bank of Nigeria Limited...

    • Posted November 18, 2015
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  • Why CBN refused further devaluation of naira – Emefiele

    The Central Bank of Nigeria (CBN) monday revealed why it refused several calls for further devaluation of naira, saying it wouldn’t have had direct impact on the country’s exports as a mono economy. sThe CBN Governor, Mr....

    • Posted November 18, 2015
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  • Lagos reviews agreements for oil and gas production

    The Lagos State Government has commenced a review of the governing agreements on oil and gas exploration and production as the state prepares to attain the status of the 11th oil producing state in the country. Speaking...

    • Posted November 18, 2015
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  • No one has tampered with TSA funds – FG

    The Minister of Information and Culture, Alhaji Lai Mohammed, has dismissed allegations of fraud in the handling of funds that accrued to the Federal Government via the Treasury Single Account. Mohammed explained in a statement in Abuja...

    • Posted November 18, 2015
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  • Power generation falls by 480MW, grid under threat

    The country’s electricity transmission grid is under threat as a result of the vandalism of a tower in Delta State, which has led to a fall in power generation by 480 megawatts, the Transmission Company of Nigeria...

    • Posted November 18, 2015
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  • CBN, BDCs agree on BVN use for forex

    The President, Association of Bureau De Change Operators of Nigeria, Alhaji Aminu Gwadabe, says the BDCs are not opposed to the recent introduction of the Bank Verification Number as a requirement for foreign exchange transaction by the...

    • Posted November 18, 2015
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  • Buhari will tackle illegal miners, diversify economy – Fayemi

    The Minister of Mines and Steel Development, Dr. Kayode Fayemi, has promised that the President Muhammadu Buhari government will muster legal and political will to fight illegal miners in the country. The ex-governor said the Buhari-led government...

    • Posted November 17, 2015
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  • Foreign investors reduce demand for FGN Bonds auction

    Most foreign investors refused to participate in the FGN Bonds auction held last week, a development financial analysts traced partly to JP Morgan & Chase’s removal of the FGN Bonds from its Government Bond Index for Emerging...

    • Posted November 17, 2015
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  • PPPRA allots 1.5mmt to MRS, Total, Forte Oil, 16 others for petrol importation in Q4

    The federal government has granted approval for the importation of 1.5 million metric tonnes of petrol to 19 companies for the fourth quarter of 2015.
 This is coming as the co-founder and chief executive officer of Geneva-based...

    • Posted November 17, 2015
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  • NARTO wants FG to concession Nigerian roads

    The Nigeria Association of Road Transport Owners (NARTO) has called on the federal government to concession all the roads in Nigeria. The association also said that the concessioning to private operators would engender the needed standard and...

    • Posted November 17, 2015
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  • MAN tasks FG on Nigerian Industrial Revolution Plan

    The Manufacturers Association of Nigeria (MAN) has called on the federal government to adhere to the implementation of Nigerian Industrial Revolution Plan (NIRP) initiative, noting that NIRP is the nation’s flagship industrialisation roadmap that  will fast-track industrialisation,...

    • Posted November 17, 2015
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  • 500 Public companies risk SEC’s sanctions over non-registration of securities

    Over 500 public companies may be sanctioned by the Securities and Exchange Commission (SEC) for not registering their securities with the commission, THISDAY checks at the weekend have revealed. Public companies, according to the Companies and Allied...

    • Posted November 17, 2015
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  • UBA introduces contactless payment cards

    The United Bank for Africa (UBA) Plc said it is changing the payment system landscape in Nigeria with the introduction of contactless payment cards. The contactless payment cards offer UBA customers an easier and more convenient hassle-free...

    • Posted November 16, 2015
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  • CBN, banks, SystemSpecs, others share TSA fee

    The Central Bank of Nigeria, Deposit Money Banks, SystemSpecs and the Nigerian Interbank Settlement Systems Plc are among the stakeholders sharing the one per cent service fee being collected on all government revenue transferred into the Treasury...

    • Posted November 15, 2015
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