All posts tagged "headline"

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  Ecobank backs CBN’s cash-lite initiative

  Ecobank Nigeria has said it is committed to the cash-lite policy of the Central Bank of Nigeria. This, it said, prompted its unveiling of a ‘card 4 prizes promo’ to promote the use of alternative payment channels...

  • Posted January 28, 2014
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  South Africa may lose biggest economy status to Nigeria

  South Africa could soon lose its status as Africa’s biggest economy to Nigeria, but the race to be the continental powerhouse being the biggest may not be everything. Nigeria, Africa’s largest oil producer, will complete a rebasing...

  • Posted January 28, 2014
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  LCCI faults CBN over rise in Cash Reserve Ratio

  The Lagos Chamber of Commerce and Industry, LCCI, yesterday, warned the nation over the recent raise in the Cash Reserve Ratio, CRR, of public sector funds from 50 per cent to 75 per cent. It said it...

  • Posted January 28, 2014
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  FG appoints Mohammed Wasaram as new MD for NREA

  The Federal Government has appointed Mr. Mohammed Abubakar Wasaram, as the new Managing Director of the National Rural Electrification Agency, NREA. Wasaram succeeded Mr. Kenneth Achugbu, who was recently suspended by the Supervisory Board of the agency...

  • Posted January 28, 2014
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  BPE to settle outstanding PHCN workers’ terminal benefits

  The Bureau of public Enterprises will on Wednesday begin a nationwide tour of the defunct Power Holding Company of Nigeria’s establishments to address residual issues in the settlement of the terminal benefits of the workers. A statement...

  • Posted January 28, 2014
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  CRR increase will hurt domestic production – LCCI

  The Lagos Chamber of Commerce and Industry has said the decision of the Central Bank of Nigeria to increase the Cash Reserve Requirement on public sector funds in banks to 75 per cent will encourage the importation...

  • Posted January 28, 2014
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  CBN moves to prevent naira’s further fall, removes $250k weekly sales limit on BDC

  The Central Bank of Nigeria has removed the $250,000 weekly foreign exchange sales limit placed on bureaux de change operators in the country, according to the latest information from the bank. The development came one week after...

  • Posted January 28, 2014
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  FG expects $80bn investments in five years

  The Federal Government expects more than $80bn in investment in the next five years to spur ndustrial development in the country, the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, has said. China Power International Development...

  • Posted January 28, 2014
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  Honeywell beats estimates

  Honeywell International Incorporated, whose product line spans aviation controls to solvents, posted a fourth-quarter profit that beat analysts’ estimates as sales of energy-related products and turbochargers increased. Earnings excluding changes to the company’s pension-fund valuation climbed by...

  • Posted January 27, 2014
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  NSE: Companies default on results submission

  As the Nigerian Stock Exchange hit impressive targets in its quest to becoming the gateway to African markets, it has been discovered that many listed companies are failing to submit their results as and when due. This...

  • Posted January 27, 2014
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