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All posts tagged "headline"

  • Uncertainty surrounds new pension law implementation

    Despite the signing of the Pension Reform Act, 2014 into law by President Goodluck Jonathan, there are uncertainties regarding its implementation. The uncertainties stem from the fact the operators have yet to get a clear direction on...

    • Posted July 19, 2014
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  • Overlapping functions by govt agencies affecting businesses – LCCI

    The overlapping functions of government agencies are intimidating businesses in the country, the Lagos Chamber of Commerce and Industry has said. According to the chamber, the over-lap of regulatory and supervisory functions at both the federal and...

    • Posted July 19, 2014
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  • New BDC guidelines to conserve Forex Reserves – CBN Insists

    The Central Bank of Nigeria (CBN) has reiterated that its modifications to the guidelines on the regulation of Bureau de Change (BDCs) in Nigeria are aimed at conserving the country’s foreign reserves, among other objectives. This position...

    • Posted July 19, 2014
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  • New BDC guidelines not against any ethnic group – CBN

    The Central Bank of Nigeria (CBN) has explained that the new policy on the regulation of Bureau de Change (BDCs) in the country was not a deliberate one to annihilate the business interests of any section of...

    • Posted July 18, 2014
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  • FEC approves N1.3bn for feasibility study of standard rail lines

    Federal Executive Council (FEC) yesterday approved N1.3bn for a standard rail feasibility study on six rail lines. The approval of the contractual sum was announced by the Minister of Information, Labaran Maku, shortly after the weekly FEC...

    • Posted July 18, 2014
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  • 200 BDCs have met recapitalisation requirements — Emefiele

    The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Wednesday disclosed that over 200 Bureau de Change companies had met the new guidelines introduced by the bank recently. The CBN had recently increased the capital base...

    • Posted July 18, 2014
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  • Emefiele urges more commitment towards achieving Monetary Union

    Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday urged member countries of the West African Monetary Zone (WAMZ) to redouble their efforts towards meeting all the revised macroeconomic convergence criteria needed to launch...

    • Posted July 18, 2014
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  • Private equity firm to sell 50% stake in Continental Re

    Continental Reinsurance Plc has notified the Nigerian Stock Exchange (NSE) that a private equity firm, Emerging Capital Partners, has concluded plans to sell its 50.6 per cent stake in the company. Emerging Capital Partners is the majority...

    • Posted July 18, 2014
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  • NERC, EMSL rivalry threatens power sector reforms

    Indications have emerged that the country’s nascent power sector reforms are under serious threat as a result of the supremacy battle between the Nigerian Electricity Regulatory Commission and the Electricity Management Service Limited. The rivalry between both...

    • Posted July 18, 2014
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  • NNPC set for oil bunkering business

    The Nigerian National Petroleum Corporation has said very soon it will start its oil bunkering business officially. The Group Managing Director, NNPC, Mr. Andrew Yakubu, confirmed this to newsmen at a capacity building programme organised by the...

    • Posted July 18, 2014
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