Latest News
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FG may soon ban fish importation – Minister
The Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, said on Tuesday that the Federal Government may soon place a total ban on the importation of fish and other aquatic consumables. Adesina said this in Ado-Ekiti at the launch of...
- Posted August 28, 2013
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Satellite technology fetches Nigeria N116bn
Director-General of National Space Research and Development Agency, NASRDA, Prof. Seidu Onailo Mohammed says Communication Satellite is making a huge remittance to the economy by raking in about $90 billion in 2011 alone, comprising Satellite Television, Satellite...
- Posted August 28, 2013
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Keystone Bank posts N2.8b 2012 profit
The management of Keystone Bank Limited, on Monday gave potential buyers something to look forward to, when it reported a 105 per cent growth in gross earnings income, just as it turned the corner with a profit before...
- Posted August 28, 2013
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Dangote wants government to export petroleum products
The President/Chief Executive Officer, Dangote Group, Alhaji Aliko Dangote, has urged the government to begin the production of petroleum products for export as part of strategies to diversify the nation’s export base. He made the call in...
- Posted August 27, 2013
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FG set to revive national shipping carriers
The Federal Government has said it is ready to grant approval to indigenous shipping firms to export crude oil and stem the nation’s huge capital flight. This is coming 17 years after the liquidation of the Nigerian...
- Posted August 27, 2013
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Government to crash interest rates with special bank
The Federal Government has unveiled plans to establish a special finance institution that will attract funds into the economy at lower interest rates. The Minister of Finance and the Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala,...
- Posted August 27, 2013
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Naira weakens against the dollar
The naira, on Monday, closed flat against the U.S dollar on the interbank market as two multinational oil companies sold about $107 million to some lenders. Exxon Mobil sold $72.2 million, while Italian oil firm, Eni’s Nigerian...
- Posted August 27, 2013
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We need data to create jobs – ExxonMobil Vice Chairman
Vice Chairman of ExxonMobil, Africa Operation and publisher of Hints, Dr. Emmanuel Ibe Kachikwu, believes we need data if we must address the challenge of unemployment in the country. The Harvard trained lawyer also speaks on his...
- Posted August 27, 2013
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Expert says FG can generate N1.2tr from tourism
Former President of Association of National Accountants of Nigeria (ANAN), Dr Samuel Nzekwe, said on Monday that Nigeria can generate N1.2 trillion from tourism yearly if the required infrastructure is provided. “All over the world, tourism is...
- Posted August 27, 2013
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Finance committee uncovers massive tax fraud in banks
A House of Representatives Committee on Finance has exposed what it termed ‘massive tax fraud’ by 21 commercial banks in the past seven years. The committee, which has been probing tax payments to government coffers by banks...
- Posted August 26, 2013
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World Bank warns African countries on high debt profile
The World Bank wants developing countries to adopt effective Debt Management Performance Assessment Tool (DeMPA) to enhance clarity between monetary policy implementation and debt management for sustainable growth, stressing that domestic capital markets are fragile in low...
- Posted August 26, 2013
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CBN wants banks to build workers capacity
The Central Bank of Nigeria (CBN) on Saturday said it would introduce reforms which would ensure that banks adhere strictly to competence in their operations. The CBN Deputy Governor in charge of Financial System Stability, Dr Kingsley...
- Posted August 26, 2013
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FG committed to boosting non-oil exports – Jonathan
President Goodluck Jonathan has reaffirmed his administration’s determination to do all within its powers to facilitate and encourage the rapid diversification of Nigeria’s economy. The president stated this in Abuja at the send-forth ceremony of the outgoing...
- Posted August 26, 2013
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Fish farmers lament persistent high cost of feeds
Fish farmers have decried the continuous increase in cost of fish feeds in the market while the market price of fish falls yearly, leading to exit of many fish farms in Nigeria. According to them, the dependence on...
- Posted August 26, 2013