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  • Pension Funds to hit N3 trillion by Year End

      Pension funds assets in the country are expected to hit N3 trillion by the end of the year. The funds currently stand at N2.94 trillion under the contributory pension scheme. Director-General of the National Pension Commission, Muhammad...

    • Posted October 18, 2012
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  • Fuel Subsidy Fraud: Reps Summon 42 Marketing Companies

    The House of Representatives has called upon subsidy-entwined firms to give account on how they managed the subsidy bridging funds.   A total number of 42 oil-marketing firms have been summoned by the house through its Committee...

    • Posted October 18, 2012
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  • Asset Manager Docked Over Alleged N41m Theft

    Mrs. Ibukun Adebayo Adedayo, a 30-year-old nursing mother, a stockbroker/asset manager, and a medical doctor, has been accused of stealing N41 million and brought forward by the Economic and Financial Crimes Commission, EFCC before an Ikeja High Court....

    • Posted October 18, 2012
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  • Manchester United seal partnership with Japanese soft drinks makers Kagome

    Manchester United have secured a three-year partnership deal with Japanese-based soft drinks manufacturer Kagome. The drinks company make a number of fruit-based products aimed at promoting a healthy lifestyle and will become United’s official soft drinks partner...

    • Posted October 17, 2012
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  • FG worried on use of Dollars as second currency in Nigeria

    The Federal Government is worried by the use of dollar as means of payment or legal tender in the local market in Nigeria. The practice is seriously undermining the naira as most Nigerians are fast losing confidence...

    • Posted October 17, 2012
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  • Diamond Bank set to acquire European Bank

    Nigeria’s Diamond Bank is in talks to buy a niche European bank to tap into direct investment and trade flows from Europe into Nigeria, its chief executive, Alex Otti said on Tuesday according to Reuters. Alex Otti...

    • Posted October 17, 2012
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  • Inflation eases to 11.3% year-on-year in September – National Bureau of Statistics

    Nigeria’s consumer inflation eased for the third straight month to 11.3 percent year-on-year in September, down from 11.7 percent year-on-year in August, the National Bureau of Statistics (NBS) said on Wednesday. Food inflation, the largest contributor to...

    • Posted October 17, 2012
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  • Nigeria opens museum to “Afrobeat King” Fela Kuti

    When he was alive, Fela Kuti electrified Nigerians and many music lovers the world over with his hip-shaking and strangely hypnotic blend of jazz, funk and West African folk rhythms. His legendary sexual exploits with dozens of...

    • Posted October 17, 2012
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  • Nigeria to award fixed telecom licences early next year

      Nigeria will award new licences to provide fixed-line internet services early next year as Africa’s most populous country aims to transform its underdeveloped and unreliable network. Nigeria is forecast to have 120 million mobile subscribers by...

    • Posted October 17, 2012
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  • GTBANK’S ONLINE CHANNELS RECEIVE INTERNATIONAL CERTIFICATION

      (Lagos, Nigeria) The integrity of Guaranty Trust Bank’s alternative banking channels received a boost recently with the Bank’s receipt of the Payment Card Industry Data Security Standard certification (PCIDSS).   PCIDSS certification is a worldwide security standard...

    • Posted October 17, 2012
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  • PenCom Re-evaluates Investment Regulation, Introduces Four Funds

      The National Pension Commission (PenCom) has re-evaluated its investment guideline to allow the introduction of different types of funds capable of affording improved yields, which is meant to improve the earnings on pension fund contributions.  ...

    • Posted October 17, 2012
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  • Diamond Bank to Raise $300 Million for Lending

      Diamond Bank plans to raise $300 million as it seeks to expand credit to customers, Chief Financial Officer Abdulrahman Yinusa said. “Our target is for the loan to be raised by the end of this year,...

    • Posted October 17, 2012
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  • Nigeria Will Not Experience Food Crisis or Famine – Akinwunmi Adesina

      In the face of ruthless flooding across the country, the Federal Government has said confidently that it has already set up a Flood Recovery Food Production plan to sustain farmers in the flood-affected areas, that food...

    • Posted October 17, 2012
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  • Agribusiness to Get $6.5 billion Annual Support

      The Central Bank of Nigeria (CBN) and banks are working on the implementation of new plans aimed at helping farmers financially, and making available encouraging fiscal policies for their operations. CBN said the Agribusiness sector needs...

    • Posted October 17, 2012
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