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  • Risk management efforts of Access, Enterprise banks recognised

    The risk management efforts of Access Bank Plc and Enterprise Bank Limited have been recognised at the inaugural edition of the Nigerian Risk Awards. While Access was judged the overall winner in the Banking and Investments Services...

    • Posted December 14, 2013
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  • PHCN privatisation, greatest achievement of government – Nebo

    The Minister of Power, Prof. Chinedu Nebo, at a media chat in Abuja, on Thursday, described the privatisation of the power sector as one of the greatest achievements that could be recorded by any government. According to...

    • Posted December 14, 2013
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  • CBN warns against politicising $49.8bn diverted fund

    The Central Bank of Nigeria has warned against the politicisation of the alleged diversion of $49.8bn revenue that ought to have accrued to the federation by the Nigerian National Petroleum Corporation. An online news medium, SaharaReporters, had reported...

    • Posted December 14, 2013
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  • Nigeria lost $129bn to illegal financial outflows – Report

    A report by a United States-based organisation that promotes financial accountability, Global Financial Integrity, has ranked Nigeria as one of the top countries in the world with illicit financial outflows and tax evasion valued at $129bn in...

    • Posted December 14, 2013
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  • FAAC: FG, States, LGAs share N675.6b for November

    The Federation Accounts Allocation Committee (FAAC) has shared the sum of N675.650 billion, including VAT for the month of November. Dr Yerima Ngama, the Minister of State for Finance, made this known in Abuja when he briefed...

    • Posted December 13, 2013
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  • Customs unprepared for destination inspection – NCMDLCA alleges

    National Secretary of the National Council of Managing Directors of Licensed Customs Agents (NCMDLCA), Uchu Block, has warned operators in the maritime industry to brace  up for problems ahead because the Nigeria Customs Service does not have...

    • Posted December 13, 2013
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  • NPA now indifferent about ports operations – Agents

    A week after the protest by clearing agents which grounded operations at the Tin Can Island Container Terminal (TICT), agents have accused the management of Nigerian Ports Authority (NPA) of being jobless and only interested in collecting...

    • Posted December 13, 2013
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  • Senate, House fail to resolve oil benchmark controversy

    President Goodluck Jonathan’s plan to present the 2014 budget to the National Assembly before the end of year suffered a setback on Wednesday as the conference committee meeting on the harmonisation of the oil benchmark for the...

    • Posted December 13, 2013
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  • Uwaga emerges new NIM president

    The Nigerian Institute of Management (Chartered) has elected new principal officers to run its affairs for the next two years with Dr. Nelson Uwaga, a consultant pharmacist and an alumnus of the National Institute for Policy and...

    • Posted December 13, 2013
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  • Mortgage refinance company to reduce lending rate

    The Federal Government’s Nigeria Mortgage Refinance Company will reduce the interest rate on mortgage loans by commercial banks to about 13 per cent from between 18 and 22 per cent, the Mortgage Banking Association of Nigeria has...

    • Posted December 13, 2013
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  • Julius Berger fined $32m for bribing Nigerian officials

    The United States Justice Department and the Federal Bureau of Investigation said on Tuesday the German-based international engineering company, Bilfinger SE, had agreed to pay a $32m penalty for charges relating to the Foreign Corrupt Practices Act...

    • Posted December 13, 2013
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  • Investors trade 271.65 million shares on Thursday

    Transactions at the Nigerian Stock Market ended on Thursday with investors trading 271.65 million shares valued at N4.04 billion in 4,357 deals as against the 390.35 million shares valued at N2.93 billion that was exchanged Wednesday in...

    • Posted December 12, 2013
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  • FEC approves N40.2bn for National Assembly complex renovation, construction of third phase

    The Federal Executive Council (FEC) has approved N40.2 billion for the construction of phase III of the National Assembly complex and renovation of the first and second phases of the complex. The Minister of the Federal Capital...

    • Posted December 12, 2013
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  • NCAA commences audit of Dana Airlines

    Two months after the suspension of the operations of Dana Airlines, the Nigerian Civil Aviation Authority has commenced a full scale operational audit of the airline. This was disclosed by the Director-General, NCAA, Mr. Fola Akinkuotu, in...

    • Posted December 12, 2013
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