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  • Sanusi destroyed our investment in banks — Shareholders

    Shareholders in the country have backed the suspension of the Governor of Central Bank of Nigeria, CBN, Mallam Lamido Sanusi by the Federal Government. They said it was long overdue, as their investment in the banking industry...

    • Posted March 4, 2014
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  • We’re ready for US FAA assessment – NCAA

    The Nigerian Civil Aviation Agency says it is ready for a fresh assessment of the nation’s Category 1 certification to be conducted by the United States’ Federal Aviation Authority. The Director-General, NCAA, Capt. Fola Akinkuotu, said the...

    • Posted March 4, 2014
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  • FG begins inspection of local automotive assembly plants nationwide

    The Federal Government has begun inspection of local automotive assembly plants across the country as evidence of the implementation  of the Nigeria Automotive Industry Development Plan. Speaking during the inspection of the Peugeot Automotive Nigeria (PAN) car...

    • Posted March 4, 2014
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  • Abuja–Kaduna rail to be completed in December — FG

    The Federal Government has assured Nigerians of its commitment to ensure that the Abuja-Kaduna railway is completed by December 2014. The Minister of Transport, Senator Idris Umar who gave the assurance shortly after the inspection of the rail...

    • Posted March 4, 2014
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  • Diamond Bank restates commitment to SME growth

    The Head, Micro Small and Medium Scale Enterprises Proposition, Diamond Bank Plc, Mr. Chima Nnandozie, has called on banks to relax the conditions under which they gave out loans to small and medium enterprise businesses. He made...

    • Posted March 4, 2014
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  • Fidelity Bank shareholders to get higher dividend

    The newly appointed Managing Director/Chief Executive Officer of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, has told the bank’s shareholders to expect higher dividend from their investment. Nnamdi said this at the valedictory dinner organised by the bank...

    • Posted March 4, 2014
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  • CBN defends naira with $6.4bn in eight weeks

    In a bid to prevent the naira’s value from crashing, the Central Bank of Nigeria has offered a total of $6.4bn to foreign exchange dealers at its twice-weekly regulated auction in the eight weeks, according to its ...

    • Posted March 4, 2014
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  • Nigeria needs N2tn to address mortgage problems – Chike-Obi

    The Federal Government may not achieve much with its N100bn initial capital for the Nigeria Mortgage Refinance Company, which was inaugurated by President Goodluck Jonathan last year. The Managing Director, Asset Management Corporation of Nigeria, Mr. Mustafa...

    • Posted March 4, 2014
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  • NSE market indicators rise despite drop in turnover

    Weekly equity transactions on the Nigerian Stock Exchange (NSE) opened for the week on Monday with the market indices growing marginally by 0.01 per cent. The News Agency of Nigeria (NAN) reports that All-Shares Index rose by...

    • Posted March 3, 2014
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  • Retirees allege fraud in CBN Pensions

    AS the financial services sector comes to terms with sudden suspension of Central Bank Governor, Mallam Sanusi Lamido Sanusi, retirees of the apex bank, Saturday, alleged that their February entitlements were slashed by15 per cent. Member of...

    • Posted March 3, 2014
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  • SMEDAN, NSE team up to produce more entrepreneurs

    The Director General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) Alhaji Bature Umar Masari, has expressed the determination of the agency to team up with the Nigeria Society of Engineers (NSE) in order...

    • Posted March 3, 2014
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  • Depletion of foreign reserves increases pressure on naira

    As the nation’s foreign reserves fell to $40.406 billion last Thursday, economic affairs commentators warned at the weekend that Nigeria is getting to a stage when it may have to make a choice between a depleted foreign...

    • Posted March 3, 2014
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  • Marketers await arrival of fuel cargoes this week to end scarcity

    Some independent marketers of Premium Motor Spirit (PMS), otherwise called petrol, are selling the products above the official pump price and ex-depot price as queues in filling stations across the country worsen, THISDAY has gathered. However, the...

    • Posted March 3, 2014
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  • NEPC canvasses companies’ involvement in export

    The Nigerian Export Promotion Council has urged companies with the Nigerian Industrial Standard certification to get involved in export, saying that the acceptance of locally made products has increased in the foreign markets. NEPC stated that about...

    • Posted March 3, 2014
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