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  • India’s chemical exports to Nigeria grows by 5.6%

    Exports of chemical  items from India to Nigeria have increased to about 5.6 percent from 2012 to 2013. Also, the total items covered under the purview of ChemExcil (Export Promotion Council, set up by Indian government) to...

    • Posted July 19, 2013
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  • N32.2bn fraud: Yar ’Adua, Sanusi, conspired to hijack Bank PHB –Utomi

    Renowned economist Prof. Pat Utomi yesterday told an Ikeja High Court that the late Umaru Musa Yar’ Adua, Central Bank of Nigeria (CBN) Governor Mallam Sanusi Lamido Sanusi and others conspired to steal Platinum Habib Bank otherwise...

    • Posted July 18, 2013
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  • Chartered Institute Of Taxation set to tackle multiple taxation in Rivers state

    The newly elected President of the Chartered Institute of Taxation of Nigeria (CITN), Mr. Mark Anthony Chidolue Dike has expressed his administration’s resolve to eradicate multiple taxation in Rivers state. Mr. Dike, who made this declaration in...

    • Posted July 18, 2013
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  • Excess Crude Account depleted by $7bn – Sanusi

    The Governor of the Central Bank of Nigeria, CBN, Mr. Lamido Sanusi yesterday raised the alarm on the Excess Crude Account, ECA, which he said had shrunk by $7 billion from the initial figure of $12 billion...

    • Posted July 18, 2013
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  • Dangote embarks on road, immunisation projects

    Dangote Cement Plc, Ibese, has commenced the construction and rehabilitation of concrete roads in fourteen host communities within the Yewaland in Ogun State. Also Dangote Foundation, the Bill & Melinda Gates Foundation and the Kano State Government,...

    • Posted July 18, 2013
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  • Interest rates cannot crash to single digit – Sanusi

    GOVERNOR of the  Central Bank of Nigeria, CBN Mallam Sanusi Lamido Sanusi has said there is need to re-visit the re-designing of the Naira to shore up the Nigerian economy. Also, the CBN Governor said the Excess...

    • Posted July 18, 2013
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  • Foreign dominance of phone market worries FG

    The Federal Government is worried about the 100 per cent dominance of the mobile phone production and assembly market by foreign companies. As if that is not enough, 78 per cent of the market share of the...

    • Posted July 18, 2013
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  • No deadline extension for power firm bidders – BPE

    The 14 preferred bidders for the power firms slated for privatisation will not get any extension for the payment of their bid prices except the National Council on Privatisation so directs, the Bureau of Public Enterprises has...

    • Posted July 18, 2013
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  • Sanusi wants naira redesign revisited

    The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, on Wednesday made a case for the revisit of the suspended naira redesigning project earlier proposed by the bank. Sanusi made the case when he appeared...

    • Posted July 18, 2013
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  • Jaiz Bank capitalisation hits N13bn

    Jaiz Bank plc, Nigeria’s first non-interest bank has raised its authorized share capital to N13 billion and now has 10 branches after one and a half years of operation. The latest branch which was opened in Kastina...

    • Posted July 18, 2013
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  • Mainstreet Bank lauds FG, commits N10bn to agric development

    Executive Director, Corporate and Investment Banking, Mainstreet Bank Limited, Mr. Roger Woodbridge, has commended the Federal Government (FG) for coming up with the Growth Enhancement Scheme (GES), which is designed specifically to provide affordable agricultural inputs like...

    • Posted July 18, 2013
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  • Govt blacklists 12 petroleum marketers over payment fraud

    THE Petroleum Equalisation Fund Management Board (PEFMB) has blacklisted 12 petroleum marketers fingered for trying to cheat government by seeking payment of ‘bridging payment’. Meanwhile, the nation’s major oil marketers have refuted reports of their being fully...

    • Posted July 17, 2013
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  • Mobil disowns arms-laden tanker

    Mobil Nigeria has denied media reports alleging that an arms-laden tanker intercepted by operatives of the Joint Task Force of the Nigeria Army in Kebbi State bore its logo. The Army had on Saturday announced the interception...

    • Posted July 17, 2013
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  • CBN moves to minimise bank customers’ credit risks

    The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, has inaugurated a steering committee on financial literacy to help financially excluded individuals to know, understand and access financial products and services at affordable costs. The...

    • Posted July 17, 2013
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