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All posts tagged "featured"

  • We’re not allocating dollars – CBN

    The Central Bank of Nigeria says it is not allocating United States dollars as it has set up an interbank foreign exchange market for anyone interested in buying the greenback through Deposit Money Banks. The Acting Director,...

    • Posted December 6, 2016
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  • Passengers grumble over rising luggage theft at airports

    Despite efforts to increase security at the country’s airports, cases of passengers losing items in their baggage to unknown persons is on the increase. Although official figures obtained from the Consumer Protection Department of the Nigerian Civil...

    • Posted December 6, 2016
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  • Fiscal Responsibility Act: Revenue remittance law MDAs not willing to obey

    In the last five years, leakages in revenue generation and remittances have assumed an alarming dimension, thus requiring the attention of all relevant agencies of the government to find a workable solution to stem the ugly trend....

    • Posted December 5, 2016
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  • Nigeria’s steel imports to hit $15.11bn annually

    Nigeria imports of steel will soon hit $15.11bn per annum, the Group Deputy Managing Director, Kam Industries Nigeria Limited, Mr. Bola Awojobi, has said. A report of the Central Bank of Nigeria shows that Nigeria currently imports...

    • Posted December 5, 2016
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  • FG slashes 2017 independent revenue by N298bn

    The harsh economic climate, which has resulted in the slowdown of business activities, may have forced the Federal Government to reduce its projected independent revenue from N1.5tn in 2016 to N1.2tn. Independent revenues of government are funds...

    • Posted December 5, 2016
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  • NNPC to explore for crude in Gulf of Guinea

    The Nigerian National Petroleum Corporation on Thursday announced its preparedness to explore for crude oil in the Gulf of Guinea in a bid to increase the country’s reserves. According to the Group Managing Director of the national...

    • Posted December 3, 2016
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  • AfDB, UBA sign $150m loan for infrastructure, SMEs

    The African Development Bank Group and United Bank for Africa Plc have signed a $150m loan agreement to finance infrastructure and the Small and Medium-scale Enterprise’ projects, including women-owned enterprises in Nigeria. The Group Managing Director/Chief Executive...

    • Posted December 3, 2016
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  • Present challenges would pave way for Nigeria’s prosperity – Emefiele

    The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele has said that if well tackled, Nigeria’s current economic challenges can pave the way to future prosperity for the country. This, he said was the reason why...

    • Posted December 3, 2016
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  • CBN plans financial services in villages by 2020

    The Central Bank of Nigeria (CBN), Mr. Godwin Emeifele yesterday announced plans to render financial services to villages across the country by the end of 2020. Emefiele who made the disclosure at a two-day CBN fair tagged,...

    • Posted December 3, 2016
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  • NDIC directs depositors of liquidated banks to file claims

    The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umar Ibrahim has called on depositors who lost their money in liquidated banks to file their claims through the zonal offices of the corporation or any of...

    • Posted December 2, 2016
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