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All posts tagged "headline"

  • Job creation: World Bank, EU give FG N48bn

    The World Bank, European Union and other International Development Associations have provided the Federal Government with $300m (N48bn) for the financing of a job creation programme in Nigeria. The five-year State Employment  and   Expenditure for Results project...

    • Posted January 24, 2014
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  • Economy under threat as excess crude account dwindles, says Okonjo-Iweala

    Minister of Finance and Supervising Minister of the Economy, Mrs. Ngozi Okonjo-Iweala, yesterday, said Nigeria’s economy is under threat, following the continuous decline in its Excess Crude Account. Speaking in an interview at the World Economic Forum...

    • Posted January 24, 2014
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  • CBN raises capital base for Finance Houses to N100m in new guidelines

    The President of Finance Houses Association of Nigeria (FHAN), Mr Samuel Durojaye, on Thursday said that the Central Bank of Nigerian (CBN) has released draft guidelines for the operations of the sub-sector. Durojaye said the CBN in...

    • Posted January 24, 2014
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  • Bank shares dip as investors panic

    Bank shares fell on Wednesday as investors reacted negatively to the decision of the Monetary Policy Committee of the Central Bank of Nigeria to increase the Cash Reserve Requirement to 75 per cent. With the exception of...

    • Posted January 24, 2014
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  • Cement industry attracts $8bn new investments – Aganga

    Nigeria’s cement industry has attracted additional investment worth $8bn, driven largely by the implementation of the Federal Government’s Backward Integration Policy, according to the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga. The minister, who said...

    • Posted January 24, 2014
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  • Faulty transformer: Ikeja Disco begins electricity rationing

    The  Ikeja Electricity Distribution Company has begun power rationing at Agege, Oko-Oba, Abesan, Ipaja, Abule Odu and environs after one of its major transformers developed a fault. The management of the Disco, in a statement on Wednesday,...

    • Posted January 24, 2014
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  • SEC approves rules for Investor Protection Fund

    The Securities and Exchange Commission has approved the proposed rules to govern the Investor Protection Fund, according to the Nigerian Stock Exchange. A statement posted on the NSE website said the bourse received SEC’s approval of the...

    • Posted January 24, 2014
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  • Insurers lose over $70m to fake brown card

    Insurance managers   across the Economic Community of West African States lose about $70 million to the menace of fake brown cards operators, Secretary General, Nigerian National Bureau, ECOWAS Brown Card Insurance Scheme, Mrs. Henrietta Anyanna has...

    • Posted January 23, 2014
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  • India’s export to Nigeria triples to $11bn

    The Head of the Lagos office of Indian Embassy Rani Malick, has disclosed that India’s export to Nigeria during the past few years has tripled to the tune of 11 billion dollars due to a robust bilateral trade...

    • Posted January 23, 2014
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  • Sterling Bank’s rights issue records 103.3% subscription

    Sterling Bank Plc. has recorded 103.3 percent subscription in its just concluded rights issue of 5.89 billion ordinary shares of 50 kobo each. According to a statement from  the bank, the rights issue, which was sold at...

    • Posted January 23, 2014
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