All posts tagged "headline"

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  CBN introduces e-Referencing to quicken account opening process

  The Central Bank of Nigeria (CBN) has introduced electronic referencing to quicken process of opening bank accounts. To open current accounts with banks, prospective bank customers are required to provide two referees. This referees must have current...

  • Posted April 1, 2014
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  Fuel Marketers threaten nationwide strike over shut down of NIPCO

  Some oil marketers on Monday threatened to embark on industrial strike following the shutdown of Nigerian Independent Petroleum Company (NIPCO) by National Union of Petroleum and Natural Gas Workers (NUPENG). NUPENG shutdown the NIPCO facilities on March...

  • Posted April 1, 2014
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  15% CRR: Banks face increased competition for deposits

  Deposit Money Banks will need to begin aggressive moves to retain private sector customers following the recent increase in Cash Reserve Requirement of private sector deposits by the Central Bank of Nigeria’s Monetary Policy Committee. The MPC...

  • Posted April 1, 2014
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  S&P lowers Nigeria’s sovereign credit outlook to negative

  Standard and Poor’s, one of the world’s leading financial and analytical credit rating agencies, has revised its outlook on Nigeria’s sovereign credit to negative from creditwatch Negative, citing continued infighting within the country’s ruling party which has...

  • Posted April 1, 2014
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  Nigeria loses $155bn to money laundering, fraud – Report

  The President, Lagos Chamber of Commerce and Industry, Mr. Ismail Bello, says a recent report indicated that Nigeria had lost $155bn to money laundering and other illegal outflows. This, he said, represented 19 per cent of the...

  • Posted April 1, 2014
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  Why Nigeria shunned EU/ECOWAS trade liberalisation agreement – FG

  The Federal Government has explained why it did not sign the trade liberalisation agreement being pushed forward by the European Union under the Economic Partnership Agreement with ECOWAS. The Minister of Industry, Trade and Investment, Mr. Olusegun...

  • Posted April 1, 2014
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  Dangote raises the bar with 3X cement

  In a new move to consolidate its competitive advantage, Dangote raised the bar last week by introducing ‘Dangote 3X Cement’, which is designed to give more value to the end users, as well as positioning the brand...

  • Posted March 31, 2014
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  Nigeria may lose top oil exporter status to Angola

  Following the recurrent theft of Nigeria’s crude oil and cases of vandalism, indications are the nation is set to loss its premier spot as top African exporter of crude oil to Angola in May, unless something happens soon....

  • Posted March 31, 2014
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  Analysts say naira still vulnerable despite CBN’s tight grip on rates

  In line with expectations of financial markets analysts, the Central Bank of Nigeria’s Monetary Policy Committee, at its last week’s meeting maintained its grip on Monetary Policy Rates (MPR) which was retained at 12 per cent, but...

  • Posted March 31, 2014
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  NMRC: FG plans N50bn bond, IFC to invest N40.8bn

  The Federal Government has disclosed plans to raise a N50 billion bond to augment the initial take off fund of the recently launched Nigeria Mortgage Refinancing Company (NMRC) in a bid to boost housing finance in the...

  • Posted March 31, 2014
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