All posts tagged "featured"

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  AMCON appoints agents to recover bad loans

  The Asset Management Corporation of Nigeria has concluded the appointment of Asset Management Partners to help it resolve the over 6,000 accounts with loan balances of N100m and below. The AMPs are firms with specialist skills required...

  • Posted May 7, 2016
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  No more bailout for states – Adeosun

  The Federal Government on Thursday ruled out the possibility of providing bailout funds for state governments to meet their financial obligations, including the payment of salaries of workers, due to declining allocation from the Federation Account. It...

  • Posted May 7, 2016
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  Lagos targets 10% increase in food production

  The Lagos State Government has disclosed that it is poised to increase food supply from the current 15 per cent to 25 per cent within the next four years. The Lagos State Commissioner for Agriculture, Mr. Oluwatoyin...

  • Posted May 7, 2016
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  BoI, Sokoto Government sign N2bn financing pact for MSMEs

  The Bank of Industry (BoI) and the Sokoto State Government have signed an agreement to float a N2 billion-matching fund for onward lending to small enterprises in the state. The acting Managing Director, BoI, Mr. Waheed Olagunju,...

  • Posted May 7, 2016
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  Power: FG to decentralise, concession transmission grid

  Nigeria is seriously considering the decentralisation of its power transmission network into segments which could be concessioned to private operators to invest in, manage and charge transmission fees, the Minister of Power, Works and Housing, Mr. Babatunde...

  • Posted May 7, 2016
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  N165bn monthly Civil Service wage bill not sustainable – Adeosun

  The Minister of Finance, Kemi Adeosun has said that the N165 billion civil service monthly wage bill is over-bloated and can no longer be sustained by the federal government. The minister spoke on Thursday in Lagos at a...

  • Posted May 7, 2016
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  Insurance industry asset to hit N16trn by 2020

  The insurance industry, will achieve a market asset base of N16 trillion and premium income of N6 trillion by the year 2020, the Director General of Nigerian Insurers Association (NIA), Mr. Sunday Thomas has said. NIA is...

  • Posted May 7, 2016
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  Domestic investors dominate trading at the Equities Market

  Domestic investors continued to dominate transactions at the Nigerian Stock Exchange (NSE) statistics released by the exchange has shown. According to the data for the month of March, domestic investors outperformed foreign investors by 28.48 per cent....

  • Posted May 6, 2016
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  Inflation projected to rise further to 13.2%

  The Financial Derivatives Company Limited (FDC) has predicted a steep rise in year-on-year April inflation to 13.2 per cent, 0.4 per cent higher than the 12.8 per cent recorded in March. The expected rise in the inflation...

  • Posted May 6, 2016
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  Energy firms owe Nigerian banks N3.93tn

  Oil, gas and power firms owe banks in the country about N3.931 trillion as at the end of December 2015, according to latest data released by the Central Bank of Nigeria (CBN). The CBN, in its Quarterly...

  • Posted May 6, 2016
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