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  • BPE to raise panel on consumer protection bill

    The Bureau of Public Enterprises has said that it will set up an interagency project delivery team to ensure the early passage of the Federal Competition and Consumer Protection (Anti-Trust) Bill. The Director-General, BPE, Mr. Benjamin Dikki,...

    • Posted February 20, 2015
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  • FG calls for speedy rollout of 2.3GHz, InfraCoLicences

    Concerned about delay in rollout plan for the 2.3GHz spectrum licence that was won by Bitflux in February 2014, the federal government, through the Broadband Council, has urged Bitflux to roll out services on the 2.3GHz spectrum...

    • Posted February 20, 2015
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  • CBN fixes time limit for resolution of customers’ complaints

    The Central Bank of Nigeria (CBN) has introduced a six years limit for the resolution of bank customers’ complaints. The CBN, which stated this in a circular addressed to all banks, discount houses and other financial institutions...

    • Posted February 19, 2015
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  • External reserves drop to $32.66billion

    The Central Bank of Nigeria (CBN) spent $380 million in two days to prop up the ailing naira, after conducting special forex interventions to shore up the local currency, a Reuters report has revealed. Latest data on...

    • Posted February 19, 2015
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  • CBN introduces new policy on dormant accounts

    The Central Bank of Nigeria has introduced new guidelines for the treatment and management of dormant account balances by deposit-taking financial institutions. Part of the objectives of the policy, according to the CBN, is to ensure that...

    • Posted February 19, 2015
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  • FG stifled states, private investors from borrowing – Fashola

    Lagos State Governor, Mr. Babatunde Fashola, on Tuesday disclosed that the federal government had instructed commercial banks in the country against granting credit facilities to some state governments and private sectors. The governor also raised questions on...

    • Posted February 19, 2015
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  • Nigeria is largest market in West Africa – AfDB

    The African Development Bank (AfDB) has reaffirmed that Nigeria is West Africa’s largest market with great potential to be a main driver of regional integration considering its population. This was contained in the West African Mid-Term Review...

    • Posted February 19, 2015
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  • Falling naira: Dealers reduce Tokunbo vehicle imports

    The anticipated surge in the importation of used vehicles into the country is not manifesting less than two months to the commencement of the payment of 35 per cent levy on such vehicles. Investigation by our correspondent...

    • Posted February 19, 2015
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  • FG to revoke private jet owners’ certificates

    The Federal Government on Tuesday approved the revocation of the licences of private jet owners who used their aircraft for commercial purposes, thereby contravening the private operations certificates issued to them by the Nigerian Civil Aviation Authority....

    • Posted February 19, 2015
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  • FG relaxes condition for N220bn MSME fund

    The Federal Government has slashed the collateral requirement introduced by the Central Bank of Nigeria for banks to access the N220bn intervention fund for the Micro, Small and Medium Enterprises sector from 75 per cent to 50...

    • Posted February 19, 2015
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  • Ministry blames poor power supply on vandalism

    The Federal Ministry of Power on Tuesday expressed optimism that electricity generation in the country would hit 6,000 megawatts this year if the growing cases of vandalism were effectively addressed by relevant security agencies. The Permanent Secretary...

    • Posted February 19, 2015
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  • Power generation to attain 6,000 megawatts in 2015

    The Ministry of Power on Tuesday disclosed that all things being equal, power generation this year will rise to 6,000 megawatts. Making this disclosure during the ministry’s defence of its 2015 budget before the Senate Committee on...

    • Posted February 19, 2015
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  • CBN closes RDAS, WDAS foreign exchange window

    The Central Bank of Nigeria (CBN) on Wednesday closed the Retail Dutch Auction System (RDAS) and Wholesale Dutch Auction System (WDAS) Foreign Exchange window to help stabilise the nation’s currency. This is contained in a statement signed...

    • Posted February 18, 2015
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  • NSE restates prohibition of naked securities selling

    The Nigerian Stock Exchange (NSE) has restated the prohibition of naked short selling of  securities in the Nigerian  capital market. Naked short selling of securities is a practice of selling securities which the seller does not own...

    • Posted February 18, 2015
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