All posts tagged "headline"

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  Airport automation boosts revenue by 17% – FAAN

  The Federal Airports Authority of Nigeria has said the introduction of a new automation system at its revenue points has boosted its revenue by 17 per cent. According to a statement by the agency, it has also...

  • Posted June 17, 2014
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  NPA denies N713bn fraud allegation

  The Nigerian Ports Authority has denied an allegation that it failed to remit N713bn into the Federation Account since 2009. A statement by the Assistant General Manager Public Affairs, NPA, Mr. Musa Iliya, dismissed the allegation by...

  • Posted June 17, 2014
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  Benin Disco gets US agency funding

  The United States Trade and Development Agency has extended finances to the Benin Electricity Distribution Plc, making the power firm the first distribution company to benefit from a grant funding. The Minister of Power, Prof. Chinedu Nebo,...

  • Posted June 17, 2014
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  Unclaimed dividends have been significantly reduced – Olugbemi

  The efforts of regulators and registrars have led to a reduction in unclaimed dividends to 5.05 per cent of total dividends declared in the last 10 years, the Institute of Capital Market Registrars, has said. According to...

  • Posted June 17, 2014
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  CBN urged to upgrade information security standard

  The Central Bank of Nigeria (CBN) has been advised to upgrade its Information Security Standard (ISO) from the ISO 27001: 2005 to the current version, ISO27001:2013. The Surveillance Auditor of the British Standards Institute (BSI), Vikas Mulkutkar,...

  • Posted June 17, 2014
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  Currency-in-circulation falls by 11.4% in First Quarter

  Amidst the growing fear of a likely liquidity glut in the run-up to next year’s elections, statistics made available by the Central Bank of Nigeria in respect of fiscal performance in the first quarter of the year...

  • Posted June 16, 2014
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  Banks credit to FG drops by 20.9%

  Total credit from the banking sector to the Federal Government declined by 20.9 per cent, between March and April, figures obtained from the Central Bank of Nigeria have revealed. The CBN bank in its economic report for...

  • Posted June 16, 2014
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  Four sectors can contribute $800bn to Nigeria’s GDP by 2030 – Report

  Four sectors—agriculture, trade, manufacturing and infrastructure could contribute about $800 billion to Nigeria’s current gross domestic product (GDP) of $510 billion by 2030, a report by the McKinsey Global Institute (MGI)—the business and economics arm of world...

  • Posted June 16, 2014
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  Oil & gas, banking lead capital market recovery

  The Nigerian Stock Exchange’s Oil and Gas Index and Banking Index have led the recovery of the market following a turbulent first quarter in which the Exchange witnessed its biggest sell-off in recent years. A review of...

  • Posted June 16, 2014
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  Mobile payment transaction hits N271billion

  In spite of the initial apathy to the mobile payment initiative of the Central Bank of Nigeria (CBN), there are indications that the policy is gaining traction as the total value of mobile payments in the country...

  • Posted June 16, 2014
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