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  • FG moves to end incessant strikes in aviation sector

    The federal government has said efforts are being made to end recurrent strike action embarked upon by aviation unions. Permanent Secretary in the Federal Ministry of Labour and Productivity, Dr. Clement Illoh, who made the promise, said...

    • Posted October 10, 2015
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  • 36 million telephone lines inactive – NCC

    One of the key elements distinguishing the Nigerian telecoms industry is the robust active subscriber base it successfully recorded in the past decade from as little as 400,000 lines in 2001 to over 100 million in 2011....

    • Posted October 10, 2015
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  • Capital market investors lose N1.3tn under Buhari

    Between May 29, when the President Muhammadu Buhari administration was inaugurated, and Thursday, investors in the equities segment of the Nigerian Stock Exchange lost N1.306tn, a review of the performance of the stock market has shown. According...

    • Posted October 10, 2015
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  • Banks charge customers for domiciliary account withdrawals

    Several bank customers are now incurring charges for withdrawing cash from their domiciliary accounts, it has been learnt. This followed the Deposit Money Banks’ decision to develop new revenue sources amid looming decline in profitability occasioned by...

    • Posted October 10, 2015
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  • PoS transactions hit N35.84bn in one month

    Nigerians spent a total of N35.84bn on transactions using Point of Sale terminals in the month of August, investigation has shown. The amount was spent in 2.7 million successful transactions that were carried out across the country,...

    • Posted October 10, 2015
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  • Fear grips port users over terror alert

    Fear has enveloped importers, licensed customs agents and other Nigerians with businesses within the nation’s seaports situated in Lagos, following the intelligence reports that the Islamic terror group, Boko Haram are planning to carry out attacks on...

    • Posted October 10, 2015
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  • Mayor of London leads investors to Lagos

    The Mayor of the City of London, Hon. Alan Yarrow, has assured the government and people of Lagos State of the readiness of large number businesses in the United Kingdom to invest in the economy of the...

    • Posted October 9, 2015
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  • Corporate Affairs Commission explains disruption of services

    The Corporate Affairs Commission (CAC) said on Thursday that the temporary disruption of services experienced by its customers in recently was due to ongoing implementation of new innovations and government policies. The commission’s Director of Customer Service,...

    • Posted October 9, 2015
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  • IMF cuts Nigeria’s GDP growth forecast to 4%

    The International Monetary Fund (IMF) has forecast a four per cent growth rate for Nigeria’s Gross Domestic Product (GDP) in 2015, as the country continues to contend with the challenge of declining income from the drop in...

    • Posted October 9, 2015
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  • FG to raise N80bn in 2020, 2024 bonds

    The Federal Government is planning to issue N80bn ($400m) worth of local currency denominated bond with maturities range between five and 10 years on October 14, the Debt Management Office has said. The DMO said on Wednesday...

    • Posted October 9, 2015
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  • We are reviewing CBN Forex restrictions – Osinbajo

    The federal government Wednesday announced that it was in the process of reviewing the recent Central Bank of Nigeria (CBN) policy which banned 41 items from sourcing foreign exchange from the interbank forex market. President Muhammadu Buhari,...

    • Posted October 9, 2015
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  • Telecom industry stakeholders call for convergence of NCC and NBC

    Stakeholders in the telecommunications industry have called for immediate convergence of the Nigerian Communications Commission (NCC) and the National Broadcasting Commission (NBC).  This was sequel to recent pronouncement by President Muhammadu Buhari that the NCC is one...

    • Posted October 9, 2015
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  • CBN, banks, telcos in talks over PoS terminals

    Ahead of the planned introduction of mobile Point of Sale terminals in Nigeria, the banking industry led by the Central Bank of Nigeria has opened talks for connectivity with mobile telecommunications operators in the country. The Director,...

    • Posted October 9, 2015
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  • GSM subscribers hit 148.7 million amid poor services

    Subscription to the GSM networks in Nigeria has hit a record high of 148,703,160, investigation has shown. Statistics obtained from the Nigerian Communications Commission in Abuja on Wednesday showed that the total number of subscription to all...

    • Posted October 9, 2015
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