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All posts tagged "featured"

  • “Payments are presently going through the CBN’s processes” – Ministry of Finance

    FEDERAL MINISTRY OF FINANCE News Release. January 8, 2013 SUBSIDY PAYMENTS: FINANCE MINISTRY RELEASES N161 BILLION TO CBN The Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala has refuted media reports which allege...

    • Posted January 8, 2013
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  • We Cannot Force Banks To Engage In Lending – CBN

    The Central Bank of Nigeria (CBN) may have admitted its lack of regulatory prowess in the area of banking supervision when it said that it could not force banks to engage in lending. Director, Corporate Communications, CBN,...

    • Posted January 8, 2013
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  • Skye Bank Finances Pan Ocean Gas Plant Project

    Skye Bank is breaking new ground in the financing of indigenous oil and gas projects in the country. Its latest project being the financing of the Pan Ocean Oil Corporation’s Ovade-Ogharefe Gas Processing Plant. The Ovade-Ogharefe Gas Processing...

    • Posted January 8, 2013
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  • FG to introduce new backward integration policy in the cement industry

      The Federal Government is making moves to review the Backward Integration guiding principle on cement to examine the wonderful growth recorded in the sector. The Minister of Trade and Investment, Olusegun Aganga, disclosed this in Abuja...

    • Posted January 8, 2013
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  • FG to spend N5 billion on debts accrued from Court judgements in 2013

    In the past years, the Federal Government incurred debts to the tune of N5bn from court judgements against its Ministries, Departments, and Agencies. The Government will as a result spend a whooping sum of N5bn to upset...

    • Posted January 8, 2013
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  • Debt management: NNPC struggles, borrows to pay $1.5b foreign debt

    The Nigerian National Petroleum Corporation (NNPC) has borrowed money to cover up its debts at the international Market. This information was disclosed to Reuters by a Senior Banking source within the banking industry. The loan became very...

    • Posted January 8, 2013
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  • FG’s fuel subsidy account empty

    Barely Three weeks after the National Assembly gave its nod to the N161.6 billion supplementary budget to cater for last year’s fuel subsidy payment to marketers, reports are revealing that the account with the Central Bank of...

    • Posted January 8, 2013
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  • Reps move to strip CBN of its supervisory powers

    The House of Representatives wants a new body to take over the supervisory roles handled by the Central Bank of Nigeria (CBN). There are pointers to the fact that the CBN might be stripped of these powers...

    • Posted January 8, 2013
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  • NNPC plans cost reduction in JV operations

    In a bid to ensuring that it continues to maintain value in the exploration and drilling operations in the Country, the Nigerian National Petroleum Corporation (NNPC) is set to review its level of engagement in the joint...

    • Posted January 7, 2013
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  • Ecobank opens 33rd affiliate in Equatorial Guinea

    Ecobank Transnational Incorporated, the pan-African banking group, has announced the opening of its Equatorial Guinea affiliate. Ecobank Equatorial Guinea was issued a licence to operate as a credit institution in the country and became the 33rd affiliate...

    • Posted January 7, 2013
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