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  • Sanusi Breaks Silence on N5000 Note Suspension, Calls for CBN Autonomy

    “Do not temper with CBN autonomy,” This was contained in a in a message issued out yesterday to the National Assembly by the CBN boss, Governor Sanusi Lamido Sanusi and former Information Minister, Frank Nweke (Jr) ....

    • Posted September 28, 2012
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  • CBN Moves to eradicate E-Payment Fraud

    The Central Bank of Nigeria (CBN) has issued out a communiqué to banks as well as other financial institutions to put all hands on deck to combat cybercrimes as well as electronic payment fraud, to sanitize the financial system....

    • Posted September 28, 2012
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  • German Investors Scramble for Agro-Allied Investments in Nigeria

    Germany has promised to aid Nigeria in developing her industrialized plus agro-allied sectors, as plans have been completed for the admission of more German corporations into Nigerian business setting.   Nigeria is already rising as the business...

    • Posted September 28, 2012
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  • Lawmakers Postpone President Jonathan’s Budget Presentation Plans

    The members of the House of Representatives have communicated their inability to host the President next week, following plans by the executive to present the 2013 budget proposal to a joint sitting of the National Assembly on October 4th....

    • Posted September 28, 2012
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  • Blame high price of cement on bad roads and fuel subsidy removal – CMAN

    Cement production capacity has improved over the last year and local production is likely to hit 17 million tons before the end of this year. Chairman of the Cement Manufacturers Association (CMAN), Mr Joseph Makoju in his address...

    • Posted September 28, 2012
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  • “FG must pay us before selling power firms” – Workers

    Workers of the Power Holding Company of Nigeria have vowed to halt the handover of the five power generating firms to successful bidders unless the Federal Government pays off their severance packages. The workers were reacting to...

    • Posted September 27, 2012
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  • ExxonMobil chief warns Nigeria could lose new investments because of new oil law

    A bill seeking to overhaul Nigeria’s oil sector would lead to a halt in new investments if passed in its current form due to onerous fiscal terms, the head of ExxonMobil’s Nigeria operations warned Thursday. Mark Ward,...

    • Posted September 27, 2012
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  • CBN seeks collaboration to combat e-payment fraud

    The Central Bank of Nigeria (CBN) has advised commercial banks and other financial institutions to work closely in the fight against cybercrimes and electronic payment frauds in order to make the financial system a safe haven. Director,...

    • Posted September 27, 2012
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  • Revealed: Prices Of Top Ten Private Jets Owned By Wealthy Nigerians

    More exciting revelations have emerged that the penchant for private jets acquisition has cost wealthy Nigerians over N1 trillion in five years. The luxury trend actually rose by 650% between 2007 and 2012, this has increased the...

    • Posted September 27, 2012
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  • Nigeria’s top business executives with a heart of gold

    Kanu Nwankwo Kanu Nwankwo popularly known as Papilo comes from a humble background but he rose to fame with remarkable exploits in football and business. Today, Kanu owns chain of businesses with diverse interest in Oil,property,hospitality and...

    • Posted September 27, 2012
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  • SEC extends deadline of of shares certificate dematerialisation

    The committee inaugurated by the Securities and Exchange Commission (SEC) on dematerialisation of shares in the nation’s bourse has canvassed for an extension of the exercise. Dematerialisation is the elimination of physical certificates or documents on ownership...

    • Posted September 27, 2012
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  • How ‘half-match’ bone marrow transplants wipe out sickle cell disease in selected patients

    IN a preliminary clinical trial, investigators at Johns Hopkins, United States, have shown that even partially-matched bone marrow transplants can eliminate sickle cell disease in some patients, ridding them of painful and debilitating symptoms, and the need...

    • Posted September 27, 2012
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  • Over 20% of Nigerians are Jobless – MAN

    Unemployment is intensifying with 22 out of every 100 Nigerians jobless, the Manufacturers Association of Nigeria (MAN) queried. At that rate over 35 million Nigerians are without a job. MAN president, Kola Jamodu, speaking at the 16th Triennial...

    • Posted September 27, 2012
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  • Nigeria receives $318 million funding from USAID to Prosecute Development Initiatives

    The Federal Government yesterday signed a deal with the United States Agency for National Development (USAID) to develop key projects. The agreement was signed by the Minister of National Planning, Dr. Shamsuddeen Usman. The projects consist of...

    • Posted September 27, 2012
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