Don't Miss


Latest News

  • Fashola confirms Lite Rail will be completed in June

    Lagos State Governor, Babatunde Fashola, yesterday said the first section of the multibillion naira lite rail project would be completed in June this year just as he said that the state government and Okota property owners have...

    • Posted January 9, 2013
    • 2
  • Sylva battles Dickson on N4,451 Bayelsa treasury balance

    Governor Henry Seriake Dickson’s claim that he inherited only N4, 451 in the state account was yesterday faulted by former Governor, Chief Timipre Sylva. Sylva stated that he does not understand why after a year since the...

    • Posted January 9, 2013
    • 0
  • Analysts, experts fault the move to strip CBN of its banking supervisory role

    Financial analysts, economic experts, and stakeholders have faulted the recent move by the House of Representatives to strip the Central Bank of Nigeria of its supervisory powers. Earlier, the Chairman, House of Representatives Committee on Banking and...

    • Posted January 9, 2013
    • 1
  • CBN To Assess Bank Chiefs Periodically For Fitness

    The Central Bank of Nigeria (CBN) in a new banking supervision policy, has stated that it will review the performance of bank chief’s every two year in order to ascertain if they are fit and proper to...

    • Posted January 9, 2013
    • 0
  • FBN Microfinance rewards customers

    FBN Microfinance Bank, a subsidiary of First Bank Nigeria Plc, has rewarded customers who have been part of the ‘My Daily Savings’ product. The bank, in a statement made available to our correspondent on Tuesday, said prize,...

    • Posted January 9, 2013
    • 0
  • Ibeno spill yet to cleaned up by Mobil

    Barely three weeks after another oil spill was reported within the Qua Iboe Oil Fields operated by Mobil in the Ibeno Local Government Area of Akwa Ibom State, the Clean up of the Environmental Hazard is yet...

    • Posted January 9, 2013
    • 0
  • Oando on the verge of declaring mega profits

    Nigeria’s leading Indigenous Oil and Gas industry, Oando Plc is set to declare a major profit of about N11.7 billion for its activities and operations in the year 2012, a positive news for a Company that has...

    • Posted January 9, 2013
    • 1
  • Nigerian Stock Exchange: ASI (+0.36%), Despite Onset Of Selling Pressure

    The All Share Index continued its appreciation today, climbing 36 basis points to close at 29,089.51. The market showed resilience to selling pressure as investors sought to consolidate on previous gains. The banking sector was evenly split between...

    • Posted January 8, 2013
    • 0
  • “Payments are presently going through the CBN’s processes” – Ministry of Finance

    FEDERAL MINISTRY OF FINANCE News Release. January 8, 2013 SUBSIDY PAYMENTS: FINANCE MINISTRY RELEASES N161 BILLION TO CBN The Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala has refuted media reports which allege...

    • Posted January 8, 2013
    • 0
  • We Cannot Force Banks To Engage In Lending – CBN

    The Central Bank of Nigeria (CBN) may have admitted its lack of regulatory prowess in the area of banking supervision when it said that it could not force banks to engage in lending. Director, Corporate Communications, CBN,...

    • Posted January 8, 2013
    • 0
  • Skye Bank Finances Pan Ocean Gas Plant Project

    Skye Bank is breaking new ground in the financing of indigenous oil and gas projects in the country. Its latest project being the financing of the Pan Ocean Oil Corporation’s Ovade-Ogharefe Gas Processing Plant. The Ovade-Ogharefe Gas Processing...

    • Posted January 8, 2013
    • 0
  • NNPC earns N196.5 billion from retail operations in 2012

    The Nigerian National Petroleum Corporation (NNPC) has released its recent report on its retail operations for the year 2012, revealing a profit level of about N196.5 billion for the corporation. This was stated at the 2012-2015 NNPC...

    • Posted January 8, 2013
    • 0
  • FG to introduce new backward integration policy in the cement industry

      The Federal Government is making moves to review the Backward Integration guiding principle on cement to examine the wonderful growth recorded in the sector. The Minister of Trade and Investment, Olusegun Aganga, disclosed this in Abuja...

    • Posted January 8, 2013
    • 0
  • Global smartphone sales hit 1.53 billion in 2012 – KIS

    The Smartphone segment of the Mobile Technology Industry, has reported an increase in demand. Korean Investment and Securities in its analysis and survey said about 1.53 billion Mobile products were sold last year across the globe. 2012...

    • Posted January 8, 2013
    • 0