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  • We will stick to 2.3GHz licensing timetable – NCC

    The Nigerian Communications Commission has said it will stick to the timetable for the licensing of the Wireless Wholesale Access Service Licence that will utilise the 2.3GHz frequency on offer by the Federal Government. The Special Assistant...

    • Posted January 25, 2014
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  • Senate scores AMCON low on debt recovery

    Members of the Senate on Thursday scored the Asset Management Corporation of Nigeria low, saying the agency had failed to live up to its objective of recovering toxic debts owned by some commercial banks. The senators also...

    • Posted January 25, 2014
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  • My successor must defend CBN’s autonomy – Sanusi

    The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has said his successor’s main challenge will be to maintain the independence of the institution and any undermining of that may hurt the economy, according to Bloomberg’s report on Thursday....

    • Posted January 25, 2014
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  • Kuru-Bauchi railway will be ready in February – Minister

    The Minister of Transport, Sen. Idris Umar, says the rehabilitation of the railway from Kuru station in Plateau to the Bauchi city station will be completed before February ending. Umar said this on Friday in Jos when...

    • Posted January 25, 2014
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  • Market cap loses N12billion on Friday

    Transactions at the Nigerian Stock Market, on Friday ended on a bearish trend as the market capitalisation of listed entities closed lower at N13.432 trillion losing by N12 billion or 0.09 percent when compared with Thursday’s closing...

    • Posted January 24, 2014
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  • Job creation: World Bank, EU give FG N48bn

    The World Bank, European Union and other International Development Associations have provided the Federal Government with $300m (N48bn) for the financing of a job creation programme in Nigeria. The five-year State Employment  and   Expenditure for Results project...

    • Posted January 24, 2014
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  • Economy under threat as excess crude account dwindles, says Okonjo-Iweala

    Minister of Finance and Supervising Minister of the Economy, Mrs. Ngozi Okonjo-Iweala, yesterday, said Nigeria’s economy is under threat, following the continuous decline in its Excess Crude Account. Speaking in an interview at the World Economic Forum...

    • Posted January 24, 2014
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  • CBN raises capital base for Finance Houses to N100m in new guidelines

    The President of Finance Houses Association of Nigeria (FHAN), Mr Samuel Durojaye, on Thursday said that the Central Bank of Nigerian (CBN) has released draft guidelines for the operations of the sub-sector. Durojaye said the CBN in...

    • Posted January 24, 2014
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  • Bank shares dip as investors panic

    Bank shares fell on Wednesday as investors reacted negatively to the decision of the Monetary Policy Committee of the Central Bank of Nigeria to increase the Cash Reserve Requirement to 75 per cent. With the exception of...

    • Posted January 24, 2014
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  • Cement industry attracts $8bn new investments – Aganga

    Nigeria’s cement industry has attracted additional investment worth $8bn, driven largely by the implementation of the Federal Government’s Backward Integration Policy, according to the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga. The minister, who said...

    • Posted January 24, 2014
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  • Faulty transformer: Ikeja Disco begins electricity rationing

    The  Ikeja Electricity Distribution Company has begun power rationing at Agege, Oko-Oba, Abesan, Ipaja, Abule Odu and environs after one of its major transformers developed a fault. The management of the Disco, in a statement on Wednesday,...

    • Posted January 24, 2014
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  • SEC approves rules for Investor Protection Fund

    The Securities and Exchange Commission has approved the proposed rules to govern the Investor Protection Fund, according to the Nigerian Stock Exchange. A statement posted on the NSE website said the bourse received SEC’s approval of the...

    • Posted January 24, 2014
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  • Our automotive policy will lead to rapid development of Nigeria’s automobile industry – Jonathan

    President Goodluck Jonathan said Thursday in Davos, Switzerland that his Administration is fully committed to rapidly developing Nigeria’s automobile industry through the diligent implementation of the country’s new national automotive policy. Speaking at a meeting with the...

    • Posted January 23, 2014
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  • NSE ASI inches up by 1.18% on Thursday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Thursday with the All Share Index, ASI, rising to 41,957.50 basis points gaining by 487.56 points or 1.18 percent from Wednesday’s closing figure of 41,469.94...

    • Posted January 23, 2014
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