All posts tagged "featured"

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  Obama challenges Nigeria, others to reverse brain drain

  The United States President, Barack Obama, on Monday said it was the responsibility of Nigeria and other African countries, and not that of his country, to reverse the influx of the continent’s intellectuals and manpower to other...

  • Posted August 5, 2015
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  Cashless policy: CBN directs banks to refund charges in 30 states

  The Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs), microfinance banks (MFBs) as well as primary mortgage institutions (PMI) to refund to their customers, charges applied for withdrawals above the stipulated threshold under the...

  • Posted August 4, 2015
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  Naira to rise further as banks reject dollars

  The United States dollar will further tumble against the naira at the parallel market this week as Deposit Money Banks continue to reject cash deposit of foreign currencies into customers’ domiciliary accounts. The naira had appreciated against...

  • Posted August 4, 2015
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  Nigeria’s airspace radar facility has no back-up – NATCA

  The Nigerian Air Traffic Controllers Association (NATCA) on Sunday alerted the authorities in the country’s aviation sector on the lack of back up of its radar facilities in the country’s airspace. It said the lack of back...

  • Posted August 4, 2015
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  N2.32tn NLNG dividend not remitted to Federation Account – NEITI

  The Nigeria Extractive Industries Transparency Initiative on Sunday said the Nigeria Liquefied and Natural Gas Company had not remitted about $11.6bn (N2.32tn) to the Federation Account. NEITI also revealed that the country lost N220bn to crude oil...

  • Posted August 4, 2015
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  Islamic bank to begin operation in South West

  The South-West zonal committee for the operation of Jaiz Bank Plc said the bank would begin operation in Ibadan and other cities in the South-West towards the end of the year after all documents and other logistics...

  • Posted August 4, 2015
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  CBN defends naira with $4.9bn in three months

  The efforts by the Central Bank of Nigeria to stabilise the naira at the interbank market depleted the nation’s external reserves by $4.9bn in the first quarter of 2015. According to the CBN, the reserves fell by...

  • Posted August 3, 2015
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  Nigerians groan as petrol sells above N110 nationwide

  Millions of Nigerians are complaining as petrol sells above N110 and queues by motorists continue to grow across the country. This is against an official price of N87 per litre as the Federal Government subsidises Premium Motor...

  • Posted August 2, 2015
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  Kaduna Refinery begins production, to hit 2m litres daily by October

  The Kaduna Refining and Petrochemicals Company (KRPC), is now refining of about 60,000 barrels of crude per day following the rehabilitation of two of the company’s production lines. The company said it was currently working with a...

  • Posted August 2, 2015
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  ECOWAS Bank renews president’s tenure

  The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) which comprises Finance Ministers from the 15-Member States of the Economic Community of West African States (ECOWAS), has  renewed the tenure of the President...

  • Posted August 2, 2015
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