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  • Foreign oil and gas investors are watching Nigeria – Lawhead

    The Managing Director of Oil and Gas Council, a global business network for senior oil and gas executives, Mr. Drake Lawhead has stated that foreign investors in the oil and gas industry are currently watching Nigeria, stressing...

    • Posted October 21, 2015
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  • Capital Market registrars advised to strategise for survival

    Capital market registrars have been enjoined to re-define their business models and re-strategise for survival. The President/Chairman of Council, Institute of Capital Market Registrars (ICMR), Mr. Bayo Olugbemi made the call last week during the annual general...

    • Posted October 20, 2015
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  • Dangote, Oshiomhole, Ganduje, others for New Telegraph Economic Summit

    Three governors, Mr. Adams Oshiomhole (Edo), Alhaji Abdullahi Ganduje (Kano) and Chief Dave Umahi (Ebonyi) as well as President, Dangote Group, Alhaji Aliko Dangote, are among dignitaries to participate in the maiden edition of New Telegraph Economic...

    • Posted October 20, 2015
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  • SIM registration: Mobile operators risk punishment

    The Nigerian Communications Commission will soon announce new sanctions for telecommunications operators who allow preregistered Subscriber Identification Module cards on their networks, investigation has shown. It was learnt that some mobile operators had allowed preregistered SIMs on...

    • Posted October 20, 2015
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  • Refineries operated at 10% capacity in August, recorded N31.7bn loss

    Despite earlier claims of robust performance by the management of Nigeria’s three refineries in Port Harcourt, Warri and Kaduna, the refineries actually recorded average capacity utilisation of 10.04 per cent, according to the monthly financial and operations...

    • Posted October 20, 2015
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  • NDIC identifies poor funding as major impediment to growth of MSMEs

    The Nigeria Deposit Insurance Corporation (NDIC) has said that inadequate funds have continued to hamper the operational efficiency of micro, small and medium enterprises (MSMES) in Nigeria. The corporation said amidst the myriads of challenges facing the...

    • Posted October 20, 2015
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  • Banks panic over TSA violation sanctions

    Indications emerged on Sunday that a significant number of the 19 commercial banks operating in the country had yet to fully adhere to the Treasury Single Account policy of the Federal Government. It was gathered that as...

    • Posted October 20, 2015
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  • Tariff reform will promote power sector investment – FBN Capital

    FBN Capital, the investment banking subsidiary of the FBN Holdings Plc, says investment in the power sector can be encouraged through sustainable and consistent cost-reflective tariffs. A Vice-President at the firm, Mrs. Abiola Baruwa, stated this at...

    • Posted October 20, 2015
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  • NCRIB to work with government on risk matters

    The President, Nigerian Council of Registered Insurance Brokers, Mr. Kayode Okunoren, has said that the council will work with the government on risk preventive methods. He said this while delivering his acceptance speech during his inauguration as...

    • Posted October 20, 2015
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  • Customs to recover N20bn duty from rice importers

    The Comptroller-General of the Nigeria Customs Service, Hameed Alli, has said he will recover N20bn in unpaid tariffs from some rice importers. Alli said this at a media briefing marking the end of his five-day working visit...

    • Posted October 20, 2015
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  • Shippers’ Council set to deploy cargo tracking note at seaports

    As part of efforts to stem increasing trade malpractices at the Nigerian ports, which result in huge revenue losses, the Nigerian Shippers’ Council (NSC) has reaffirmed plans to soon deploy advanced cargo information system, otherwise known as...

    • Posted October 20, 2015
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  • Sanusi tells FG to appoint deputy governor as CBN boss

    Former Central Bank of Nigeria (CBN) Governor, Chief Joseph Sanusi has called on the Federal Government to appoint one of the deputy governors of the apex bank as governor at the expiration of the tenure of the...

    • Posted October 19, 2015
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  • Nigeria’s foreign debt portfolio hits $11bn

    The Director-General, Debt Management Office, Dr. Abraham Nwankwo has disclosed that Nigeria’s external debt profile has risen to $11 billion  as at last week as against the $ 9.4 billion recorded in March. Similarly, domestic debt profile...

    • Posted October 19, 2015
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  • New World Bank report reveals Africa’s poverty rate drops to 43%

    A new World Bank report has put Africa’s poverty rate at 43 per cent compared to a previous figure of 56 per cent. The World Bank Vice President, Africa Region, Mr. Makhtar Diop said during a video...

    • Posted October 19, 2015
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