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  • NSE market indices record marginal growth

    Trading on the Nigerian Stock Exchange (NSE) opened on Monday for the week on a positive note with the All-Share Index appreciating marginally by 0.13 per cent. The index improved by 41.25 points to close at 32,890.36...

    • Posted March 12, 2013
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  • Third party cheque policy takes off June 1

    The Central Bank of Nigeria (CBN) has ordered all banks to implement the policy on third party cheque withdrawal limit with effect from June 1, 2013, in a move to ensure uniform compliance by all the financial...

    • Posted March 12, 2013
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  • Lagos State re-opens Ladipo market

    The Lagos State Government today re-opened Ladipo Auto Spare Parts Market in Mushin area of Lagos, Southwest Nigeria after two weeks of closure. The market was shut by the government on 25 February, 2013 as a result...

    • Posted March 11, 2013
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  • Non-oil sector projected to contribute N1.7trillion in 2013

    Nigeria’s non oil sector is projected to rake N1.742 trillion into the national treasury, going by estimates in the recently signed 2013 budget. Presenting a budget breakdown in Abuja, Coordinating Minister for the Economy and Minister of Finance,...

    • Posted March 11, 2013
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  • FG intensifies efforts to curb $6b yearly loss to pipeline vandalism

    The Federal Government at the weekend stepped up efforts to curb the spate of petroleum pipeline vandalism that cost the nation an estimated $6 billion annually. Already, Minister of Petroleum Resources, Deizani Alison-Madueke has promised a robust and...

    • Posted March 11, 2013
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  • Enterprise Bank launches prepaid MasterCard

    Enterprise Bank recently introduced its dual purpose Enterprise Bank MasterCard Prepaid Card- a multi-purpose chip and pin debit card that can be pre-funded with cash and used locally and internationally. The card can then be used to effect...

    • Posted March 11, 2013
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  • FG taps into $900m global microwork job initiative

    The Ministry of Communication Technology will on Monday, March 18, unveil a job creation scheme tagged “Microwork for Job Creation-Naijacloud,” as part of efforts to reduce unemployment and create wealth for youths across the country. “Microwork for Job...

    • Posted March 11, 2013
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  • Airtel introduces special complementary service for Facebook users

    Customers of one of the leading telecommunications service providers, Airtel Nigeria, can now access popular social networking platform, Facebook, via a USSD (Unstructured Supplementary Service Data) Code. With this innovation, Airtel customers will be able to launch...

    • Posted March 11, 2013
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  • Skye Bank injects $500m to maritime industry

    DailyPost can authoritatively report that Skye Bank Plc has granted credit facilities of $500 million to operators in the Nigerian Maritime industry. General Manager, Corporate Banking 11, Group responsible for the Maritime and Aviation sector, Segun Opeke,...

    • Posted March 10, 2013
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  • $67b foreign reserve: Presidency moves against Ezekwesili

    The Presidency may have moved against former Minister of Education, Dr. Oby Ezekwesili, over her allegations that the Federal Government under the late Umaru Musa Yar’Adua and Goodluck Jonathan squandered the over $67 billion left by the Olusegun...

    • Posted March 10, 2013
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  • 65 % of Nigerians are out formal financial system, CBN

    More than 65 per cent of Nigerians do not have access to the services of financial institutions, Mr Ugochukwu Okoafor, Central Bank of Nigeria’s Head of Corporate Affairs Department, says. Okoafor stated this in on Saturday in...

    • Posted March 10, 2013
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  • 20 medically challenged retirees got 2011 pension — PenCom

    Twenty workers who were forced out of their paid employment due to health conditions in 2011 are now drawing about N1.99m every month from their compulsory pension savings. The affected workers had earlier been paid a total...

    • Posted March 10, 2013
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  • 2013 Budget: President to send an amendment bill to NASS soon

    President Goodluck Jonathan will eventually send to the National Assembly, a proposal to amend the 2013 budget, in which fiscal deficit has been projected to improve to about 1.85 percent of Gross Domestic Product, as against 2.85%...

    • Posted March 9, 2013
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  • New private jet policy traps $600m abroad

    Individuals and corporates in Nigeria, seeking to purchase private aircraft may lose as much as $600 million in non-refundable deposits to foreign manufacturers in the weeks to come, as the aviation ministry’s review of private aircraft operations...

    • Posted March 9, 2013
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