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  • Stakeholders decry problems in maritime sector

    Stakeholders in the maritime industry have drawn the attention of the federal government to the various ills plaguing the maritime sector of the economy, saying these problems have affected the maximisation of the huge potential in the...

    • Posted October 13, 2015
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  • World Bank plans partnership with States to shore up IGR

    The World Bank has said it is currently exploring avenues for collaborative engagements with the state governments  in the area of improving their internally generated revenue (IGR) in order to augment receipts from the Federation Account. The...

    • Posted October 13, 2015
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  • Imo Government accuses Agip Oil of neglecting host communities

    Imo State Government has deplored the activities of Nigerain Agip Oil Company, accusing it of neglecting oil producing communities in the state despite the cooperation of the people. It described the actions of the firm as intentional...

    • Posted October 13, 2015
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  • Foreign exchange inflow falls by N678bn

    Foreign exchange inflows into Nigeria fell by N678bn ($3.39bn) between January and June this year, findings from various quarterly reports of the Central Bank of Nigeria have shown. Although the fall in forex during the period was...

    • Posted October 12, 2015
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  • Shipowners target international cargo

    Indigenous shipowners look set to break into the international shipping business circle after many years of operating locally. Already, the shipowners have commenced a process to meet with foreign vessel operators on the plan to be part...

    • Posted October 12, 2015
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  • Experts lists gains of CBN’s Forex restriction measure amid calls for review

    With the continued calls on the CBN to relax the current forex restriction and Vice President Yemi Osinbajo’s assurance that the restriction will be relaxed in the long run, Olaseni Durojaiye  presents analysts’ views Even with the...

    • Posted October 12, 2015
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  • NSE: New market surveillance policy paying off

    There are indications that a cocktail of policies put in place by the management of the Nigerian Stock Exchange (NSE) to smoothen market operation and to ensure market participants play by the rule are paying off with...

    • Posted October 12, 2015
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  • NIPC, BCDA to attract investment to border communities

    The Nigerian Investment Promotion Commission (NIPC) has pledged to work in close collaboration with Border Communities Development Agency (BCDA) to attract investments into the border communities in the country in order to develop and provide them with...

    • Posted October 12, 2015
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  • Dangote Industries strengthens relationship with CNN International

    Dangote Industries Limited, one of Africa’s largest business conglomerates is deepening its relationship with CNN International by renewing on-air and digital sponsorship of the prestigious ‘Facetime’ segment within ‘CNN Marketplace Africa’. ‘CNN Marketplace Africa’ is a weekly...

    • Posted October 11, 2015
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  • Emefiele canvasses regional integration at IMF/World Bank meeting

    The Governor of the Central Bank of Nigeria, Godwin Emefiele on Friday at the on-going IMF/World Bank Annual meeting in Lima, Peru called for IMF’s continued support to strengthen regional integration in collaboration with other development partners....

    • Posted October 11, 2015
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  • High exchange rate grounds air cargo business

    The high exchange rate of the naira to other currencies has grounded air cargo business in Nigeria as checks by THISDAY revealed that clearing agents and aviation handling companies last experienced peak in their business at the...

    • Posted October 10, 2015
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  • Rewane, others seek review of petroleum subsidy

    The Chief Executive Officer of Financial Derivatives Company Limited, Mr. Bismarck Rewane, and other discussants at a one-day conference held yesterday in Lagos on ‘Oil Subsidy Regime and National Economic Health,’ have called for a review of...

    • Posted October 10, 2015
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  • Stable supply responsible for high electricity bills – NERC

    The recent increase in electricity bills by power distribution companies is as a result of the stability in power supply in the past three months, the Nigerian Electricity Regulatory Commission has explained. Power generation in the country...

    • Posted October 10, 2015
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  • Chinese firm, ZTE fail to complete $470m CCTV contract

    The House of Representatives on Thursday indicated its readiness to probe the failure of Chinese firm, ZTE Corporation to completely implement the terms of a $470 million contract for the installation of Closed Circuit Television (CCTV) in...

    • Posted October 10, 2015
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