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  • Nigeria’s foreign trade increases to N5.6trn in third quarter 2013

    Nigeria’s total external merchandise trade increased to about N5.65 trillion in the Third Quarter of 2013, according to the National Bureau of Statistics (NBS). However, total exports declined by 4.5 per cent to about N3.75 trillion compared...

    • Posted April 22, 2014
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  • Banks raise investment on e-Banking channels

    Deposit Money Banks (DMBs) in the country have significantly increased the level of investment in their electronic banking channels as part of efforts to combat the rising threat to the alternative banking system. The move, THISDAY gathered...

    • Posted April 22, 2014
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  • Nigeria records N317bn increase in merchandise trade

    The National Bureau of Statistics has said the country recorded an increase of N317bn in total external merchandise trade from N5.341tn in the second quarter of 2013 to N5.658tn in the third quarter. In the trade report...

    • Posted April 22, 2014
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  • 67 Marketers to import 1.8MT of petrol in first and second quarter

    The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has reeled out measures to ensure round-the-clock availability of petrol across the country in a deft move aimed at sanitising the nation’s fuel supply and distribution system. Under the...

    • Posted April 22, 2014
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  • Western Union, MoneyGram accused of excessive charges on Africa remittances

    Leading money transfer companies have been accused of imposing a “super tax” on remittances to Africa, according to a report by UK’s leading international development think-tank, the Overseas Development Institute (ODI). The report specifically called on the...

    • Posted April 22, 2014
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  • FG to drive broadband access with mobile phones

    It is no longer news that the Federal Government is now, than ever before, committed to driving broadband penetration in the country. But beyond the Open Access model developed by the Nigerian Communications Commission to put in...

    • Posted April 22, 2014
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  • Naira may depreciate further this year – DLM

    The Managing Director, Dunn Loren Merrifield Asset Management and Research Company, Mr. Tola Odukoya, says the naira faces further depreciation this year as the Central Bank of Nigeria continues to defend the local currency from the nation’s...

    • Posted April 22, 2014
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  • Delay hits biometric registration exercise of bank customers

    Over two months after the inauguration of the biometric registration exercise by the Central Bank of Nigeria on behalf of the Bankers’ Committee, banks have yet to commence the registration of their customers. Investigation has shown that...

    • Posted April 22, 2014
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  • Senate committee carpets discos over poor power supply

    Chairman, Senate Committee on Power and Metallurgy, Senator Philip Aduda, has expressed dismay over  the epileptic power supply in the country. He lamented that despite the completion of the privatisation of the power sector since 2013, Nigerians...

    • Posted April 22, 2014
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  • Nigerian Equities Market rises N4.5tn in three years under Onyema

    The Nigerian equities market has appreciated by N4.531 trillion in the last three years since the Nigerian Stock Exchange (NSE) management led by Oscar Onyema took over in April 2011. Onyema assumed office as the chief executive...

    • Posted April 22, 2014
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  • Traders appeal to CBN over scarcity of lower denomination naira notes

    Some traders in Lagos on Monday appealed to the Central Bank of Nigeria (CBN) to ease their transactions with customers by injecting adequate lower denomination Naira Notes into the system. The traders, in separate interviews with the...

    • Posted April 21, 2014
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  • Cheap Calls to Nigeria is Easy with Mobile VOIP Service

    Central Africa’s nations have seen quite the growth spurt in economics in recent years and this growth is expected to see 5.3 percent this year, compared to 2013’s modest 2.6 percent. The fastest growing MINT nation in...

    • Posted April 21, 2014
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  • CBN to Holding Companies: Maintain controlling interest in subsidiaries or lose license

    Any financial Holding Company (HoldCo) that loses controlling interests in its banking subsidiaries will have its license cancelled by the Central Bank of Nigeria (CBN). This is one of the highlights of new restrictions imposed on HoldCos...

    • Posted April 21, 2014
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  • Oil companies must conform with global best practices – Anyanya

    Chairman of the National Oil Spills Detention and Response Agency, Major Lancelot Anyanya, spoke with Abimbola Akosile on the agency’s engagement among stakeholders in the oil and gas industry to prevent oil spills and enhance the quality...

    • Posted April 21, 2014
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