All posts tagged "featured"

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  Nigeria’s GDP expands by 2.84%, oil output rises to 2.17mb/d

  The Nigerian economy grew by 2.84 per cent in the third quarter of the year (Q3 2015) compared with 2.35 per cent in the previous quarter, the National Bureau of Statistics (NBS) has said. According to the...

  • Posted November 19, 2015
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  CBN reads riot act on false rendition of returns by banks

  The Central Bank of Nigeria (CBN) has threatened to impose more penalties on banks and other financial institutions that render false returns as well as those that do not comply with its policies. The Deputy Governor (Corporate...

  • Posted November 19, 2015
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  Nigeria cannot sustain N1tn spending on food imports – Buhari

  President Muhammadu Buhari on Monday in Birnin Kebbi, the capital of Kebbi State, decried the huge sums spent by the country importing food items that could be produced locally, stating that the N1 trillion importation bill was...

  • Posted November 19, 2015
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  Marketers demand probe of PPPRA over fuel import allocations

  Some Oil Marketing and Trading (OM &T) companies have accused the Petroleum Products Pricing Regulatory Agency (PPPRA) of operating a regime of secrecy in the quarterly allocations given to marketers to import petrol and appealed to President...

  • Posted November 18, 2015
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  Zenith, UBA, First Bank lead in transfers to TSA

  With the sum of N513.425 billion of federal government’s funds paid into the treasury single account (TSA) as at October 27 by Zenith Bank Plc, United Bank for Africa (UBA) Plc and First Bank of Nigeria Limited...

  • Posted November 18, 2015
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  Why CBN refused further devaluation of naira – Emefiele

  The Central Bank of Nigeria (CBN) monday revealed why it refused several calls for further devaluation of naira, saying it wouldn’t have had direct impact on the country’s exports as a mono economy. sThe CBN Governor, Mr....

  • Posted November 18, 2015
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  Lagos reviews agreements for oil and gas production

  The Lagos State Government has commenced a review of the governing agreements on oil and gas exploration and production as the state prepares to attain the status of the 11th oil producing state in the country. Speaking...

  • Posted November 18, 2015
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  No one has tampered with TSA funds – FG

  The Minister of Information and Culture, Alhaji Lai Mohammed, has dismissed allegations of fraud in the handling of funds that accrued to the Federal Government via the Treasury Single Account. Mohammed explained in a statement in Abuja...

  • Posted November 18, 2015
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  Power generation falls by 480MW, grid under threat

  The country’s electricity transmission grid is under threat as a result of the vandalism of a tower in Delta State, which has led to a fall in power generation by 480 megawatts, the Transmission Company of Nigeria...

  • Posted November 18, 2015
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  CBN, BDCs agree on BVN use for forex

  The President, Association of Bureau De Change Operators of Nigeria, Alhaji Aminu Gwadabe, says the BDCs are not opposed to the recent introduction of the Bank Verification Number as a requirement for foreign exchange transaction by the...

  • Posted November 18, 2015
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