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  • Government paying lip service to housing — NIESV

    The Nigerian government has been accused of paying lip service only to the issue housing development in the country. Chairman, Faculty of Housing, Nigeria Institution of Estate Surveyors and Valuers (NIESV), Chief Kola Akomolede, made the accusation...

    • Posted November 5, 2013
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  • N589bn raised from capital market since 1999 — SEC

    The Securities and Exchange Commission (SEC) has disclosed that N589 billion has been raised from the Nigerian capital market since 1999 to date. The Director General, SEC, Ms. Arunma Oteh disclosed this , saying capital market serves...

    • Posted November 5, 2013
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  • CBN targets lower inflation rate – Report

    The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has lowered the nation’s inflation target band for next year to six per cent to nine per cent. According to a Bloomberg report, the bank ideally wants to reduce the...

    • Posted November 5, 2013
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  • Economic growth fell by 0.8% in 2012 – CBN

    The growth  of the nation’s economy dropped by 0.8 per cent from 7.4 per cent in 2011 to 6.6 per cent in 2012, according to the Central Bank of Nigeria’s 2012 yearly report. The report, released on...

    • Posted November 5, 2013
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  • Okonjo-Iweala predicts $12bn revenue shortfall

    Revenue earned by the country this year may be as much as $12bn short of budget estimates as theft of crude and output disruptions persist in the oil-rich Niger River Delta, the Minister of Finance, Dr. Ngozi...

    • Posted November 5, 2013
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  • BlackBerry scraps search for buyer, ousts CEO

    BlackBerry abandoned hopes of finding a buyer, and instead pegged its future on a $1 billion cash infusion as it shook up top management Monday and named a new chief executive. The Waterloo, Ontario-based company’s announcement comes...

    • Posted November 4, 2013
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  • Investors trade 254.64 million shares on Monday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Monday with investors trading 254.64 million shares worth N3.40 billion in 4,593 deals. This was in contrast to the 226.69 million shares valued at N3.07...

    • Posted November 4, 2013
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  • FG projects: Finance ministry releases N160b 4th quarter capital votes

    The Federal Ministry of Finance has released the sum of N160 billion being fourth quarter capital allocation to Ministries, Departments and Agencies (MDAs). The funds is meant for the execution of capital projects captured in the 2013...

    • Posted November 4, 2013
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  • Sanusi calls for diversification in infrastructure financing

    The Governor of the CBN, Malam Sanusi Lamido Sanusi, on Monday called on the Federal Government to consider diversification in sourcing funds for infrastructure development. Sanusi made the call at the 2nd Biennial Regional Conference of the...

    • Posted November 4, 2013
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  • ASI inches up by 0.81% in 5 days

    The Nigerian Stock Exchange, NSE, All-Share Index, ASI, appreciated by 303.88 points or 0.81 percent within five days to close last Friday at 37,765.82 basis points as against the 37,461.94 basis points closing figure that was recorded...

    • Posted November 4, 2013
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  • Abuja fish farmers to benefit from FG’s aquaculture programme

    About 840 fish farmers in Abuja will benefit from the Federal Government’s Growth Enhancement Support (GES) scheme for the Aquaculture Value Chain. Folake Areola, the Director of Fishery, Federal Ministry of Agriculture and Rural Development, said this...

    • Posted November 4, 2013
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  • Analysts set agenda for post-Sanusi’s tenure

    With his chain of achievements, which include inflation moderation, fiscal stability and successful banking sector reform, the outgoing Central Bank of Nigeria Governor Mallam Sanusi Lamido Sanusi, who is expected to bow out in June next year,...

    • Posted November 4, 2013
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  • Power: Increasing supply through $6.06m World Bank-funded substation

    In 2007, the Federal Government received a credit of $172million from the International Development Association (IDA) of the World Bank to facilitate the National Energy Development Project. Part of the proceeds of this credit was used to finance...

    • Posted November 4, 2013
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  • CBN receives ISO 27001: 2005 Certification

    The Central Bank of Nigeria (CBN) will on Wednesday, November 6 formally receive the International Standard Organisation ISO 27001:2005 Certificate issued by the British Standards Institution (BSI) Assurance UK Ltd for ensuring that its processes, systems, data processing...

    • Posted November 4, 2013
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