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  • Kano Government, CBN sign N2bn agreement on micro finance to alleviate poverty

    Kano state government has signed a N2 billion Memorandum of Understanding (MoU) on medium scale enterprises development with the Central Bank of Nigeria (CBN), aimed at alleviating poverty and accelerating economic development. Speaking shortly after signing the...

    • Posted December 5, 2013
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  • Investors trade 484.64 million shares on Thursday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Thursday with investors trading 484.64 million shares worth N3.73 billion in 5,877 deals. This was in contrast with the 671.59 million shares valued at N6.13...

    • Posted December 5, 2013
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  • Governor Orji presents N26.94bn supplementary budget to Abia assembly

    Gov. Theodore Orji of Abia on Wednesday presented a supplementary budget of N26.94 billion for the 2013 fiscal year to the state house of assembly. The News Agency of Nigeria (NAN) reports that the figure brings the...

    • Posted December 5, 2013
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  • Auditors-General seek full autonomy

    Auditors-General in Nigeria, on Wednesday advocated for full autonomy to enable them discharge their responsibilities effectively. The auditors in a communique released after their 43rd conference in Sokoto, also demanded that their funding should come from the...

    • Posted December 5, 2013
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  • NERC’s deadline to DISCOs for N10b remittance ends today

    The Nigerian Electricity Regulatory Commission (NERC) gave yesterday owners of Electricity Distribution Companies (DISCOs) today as deadline to make their outstanding N10billion remittance to the electricity Market Operators (MO) for the sale of electricity. NERC Chairman Dr....

    • Posted December 5, 2013
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  • Federal Government okays N216b for Lekki Deep Sea Port project

    The Federal Executive Council (FEC) yesterday approved the N216billion ($1.354billion) Lekki Deep Sea port in Lagos–Nigeria’s first ever. The Minister of Information and Supervising Minister of Defence, Labaran Maku and the Minister of Transport Idris Umar broke...

    • Posted December 5, 2013
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  • Sanusi decries low level of financial literacy

    The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, has lamented the low level of financial literacy among Nigerians. He stated this at the second North East Economic Summit in Gombe. A statement by the...

    • Posted December 5, 2013
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  • Forbes names Akinwumi Adesina African of the Year

    The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, has been named Forbes African of the Year for his reforms in the country’s farming sector. A report by Reuters quoted Forbes Africa’s Editor, Mr. Chris Bishop, as saying,...

    • Posted December 5, 2013
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  • FG supports power generating firms with N50bn

    The Federal Government on Tuesday endowed N50bn in escrow accounts of three Nigerian banks to support the efforts of power generation companies. The Director-General, Bureau of Public Enterprises, Mr. Benjamin Dikki, who signed the agreement with the...

    • Posted December 5, 2013
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  • Customs take over destination inspection from Cotecna, others

    The Federal Government has approved the transition of destination inspection service from scanning service providers to the Nigeria Customs Service. The move, according to a statement issued by the Ministry of Finance on Tuesday, followed the expiration...

    • Posted December 5, 2013
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  • Market Cap gains N12billion on Wednesday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Wednesday with the market capitalisation of entities on the main board closing higher at N12.471 trillion to gain by N12 billion or 0.09 percent when...

    • Posted December 4, 2013
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  • NSE: Overall investors net worth grew by 3.45% in November

    Investors net worth on the Nigerian Stock Exchange (NSE) appreciated by 3.45 per cent for the month of November, up from the 2.84 per cent achieved in October 2013. The News Agency of Nigeria (NAN) reports that...

    • Posted December 4, 2013
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  • FG provides N50 billion to assist new power generating companies

    The Director-General, Bureau of Public Enterprise (BPE), Mr Benjamin Dikki, on Tuesday said the bureau provided N50 billion to the new owners of the country’s power Generating Companies (Gencos). Dikki made this known at the signing of...

    • Posted December 4, 2013
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  • CBN refunds N10bn arbitrary charges to customers

    The Central Bank of Nigeria (CBN), announced on Tuesday that it had refunded N10 billion to commercial bank customers between 2012 and September 2013. Mr Ibrahim Hassan, Assistant Director, Consumer Protection Department of CBN, announced this on...

    • Posted December 4, 2013
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