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  • Otti urges FG to review capital investment

    The Group Managing Director, Diamond Bank Plc, Dr. Alex Otti, says there is a need for the Federal Government to review its policies where about 80 per cent of its revenue is expended on recurrent expenditure. He...

    • Posted June 28, 2014
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  • Shareholders approve Jaiz Bank’s bid for national licence

    Shareholders of Jaiz Bank Plc yesterday approved the bank’s bid to get a national operating licence in order to establish its presence across the country. It also emerged that the bank has grown its assets base to...

    • Posted June 28, 2014
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  • ANAN tasks FG on 2014 budget implementation

    The President of the Association of National Accountants of Nigeria (ANAN), Alhaji Sakirudeen Labode has urged the federal government to expedite action on the implementation of the 2014 budget. Labode made the plea in a statement yesterday...

    • Posted June 28, 2014
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  • Naira loses N1.5k against dollar

    The Naira on Friday depreciated against the dollar, dropping by N1.5k at the Bureau De Change (BDC) market. The News Agency of Nigeria reports that  Naira was traded at N166.5k  as against N165 which it traded on June...

    • Posted June 28, 2014
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  • BDCs: Suspend N35m capital base – Reps tell CBN

    The House of Representatives on Thursday summoned the Governor of the Central Bank of Nigeria, Mr. Godwin Emiefele, over the new capital base of N35m set for Bureau de Change operators. The House, which asked the CBN...

    • Posted June 28, 2014
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  • N2.9bn metering fund: Ex-power firm chiefs may face EFCC

    The Nigerian Electricity Regulatory Commission has described as criminal the lack of accountability in the N2.9bn metering intervention fund created by the Federal Government in 2011, saying the matter will be reported to the Economic and Financial...

    • Posted June 28, 2014
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  • FG, labour dispute delaying refineries privatisation – BPE

    The prolonged disagreement between the Federal Government and key labour unions in Nigeria’s petroleum sector is the major issue delaying the privatisation process of the country’s four refineries, the Bureau of Public Enterprises has said. According to the...

    • Posted June 28, 2014
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  • Nigeria’s SWIFT payment traffic rises 353% in four years

    Payments traffic on the SWIFT platform in Nigeria recorded an amazing 353 per cent rise in the last four years, according to figures released yesterday and made available to THISDAY. The development specifically underscores the explosive growth...

    • Posted June 28, 2014
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  • House of the Week: A unique 4-bedroom duplex at Apo in Abuja

    Our property of the week is an awesome 4-bedroom duplex with 2-bedroom BQ located at Apo, Abuja. This magnificent property, which is now letting, features 4 bedrooms, 4 bathrooms, 2 lounges and 1 dining area with all...

    • Posted June 27, 2014
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  • Stakeholders want new CBN policy on dividend warrants

    Stakeholders in the capital market under the aegis of the Capital Market Committee (CMC) yesterday called on the Central Bank of Nigeria (CBN) to bring out a new policy allowing banks to accept the payment of dividend...

    • Posted June 27, 2014
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  • Number porting: Globacom leads with 11,167 in March, April

    Recent porting figures released by the Nigerian Communications Commission (NCC) for March and April this year indicated that more subscribers ported to Globacom’s, network than other operators network. According to the figures released on the NCC’s website,...

    • Posted June 27, 2014
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  • FG makes N30tn from oil, gas, others – NEITI

    The total extractive revenue funds remitted to the Federation Account between 2007 and 2011 is N30.09tn, the Nigeria Extractive Industries Transparency Initiative has said. It also said the Federal Government, in the past six months, had recovered...

    • Posted June 27, 2014
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  • FDI: Nigeria maintains top three position in Africa

    Nigeria maintained its position as one of the top three destinations for Foreign Direct Investment in Africa, despite current challenges, the United Nations Conference on Trade and Development (UNCTAD) has said. UNCTAD said this just as the...

    • Posted June 27, 2014
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  • UAC explains improved financial performance

    The Chairman of UAC of Nigeria Plc (UAC), Udoma Udo Udoma, yesterday attributed the growth recorded by the company for 2013 financial year to  innovative and proactive measures the company’s management adopted to tackle market dynamics and...

    • Posted June 27, 2014
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