All posts tagged "headline"
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NSE awaits SEC’s approval on rules for operating Investor Protection Fund
The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, has said Investor Protection Fund (IPF) would commence as soon the Securities and Exchange Commission (SEC) approves the rules . IPF was established to give...
- Posted January 19, 2014
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NAFDAC raises the alarm over job racketeers
The National Agency for Food and Drug Administration and Control on Friday raised the alarm over a fake recruitment syndicate, saying it had not commissioned any agency for such purposes. The Chairman, NAFDAC Governing Council, Prof. John...
- Posted January 18, 2014
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Nigeria’s sugar imports drop to 800,000 tonnes – NSDC
Nigeria’s raw sugar imports dropped to 800,000 tonnes from 1.4 million tonnes recorded in the first quarter of 2013, an official document states. The document was obtained from the National Sugar Development Council (NSDC) in Abuja on...
- Posted January 18, 2014
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Naira appreciates against some foreign currencies
The naira appreciated marginally against the dollar at the official and parallel markets on Friday. The naira was sold at N155.24 against the dollar at the official market against the N155.22 offered last week. It was exchanged...
- Posted January 18, 2014
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CBN issues IT guidelines to banks
The Central Bank of Nigeria has issued a blueprint for Information Technology standards and the governance framework to be adopted by all banks. The CBN said the development was based on the need to identify and adopt...
- Posted January 18, 2014
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Bademosi resigns from Wema Bank
A member of the Board of Wema Bank Plc, Mr. Opeyemi Bademosi, has resigned his appointment as a non-executive director of the bank. According to a statement from the bank to the Nigerian Stock Exchange, Bademosi’s resignation...
- Posted January 18, 2014
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Scandals: FG reduces aviation ministry’s budget by N9.3bn
The different scandals and the huge amount of funds in the coffers of the Federal Ministry of Aviation may have necessitated the slashing of its budget for this year by N9.3bn when compared to what it got...
- Posted January 18, 2014
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N170.7bn lost to waivers in three years – Okonjo-Iweala
Nigeria lost N170.73bn to exemptions and import waivers in the last three years, the Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said. The minister gave the figure in her response to one of the 50 questions on...
- Posted January 18, 2014
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Pipeline vandalism: Kwara IPMAN threaten to down tools
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday alerted members of the public of another round of hardship arising from petrol scarcity following the activities of vandals along the Ogbomoso-Ilorin oil pipelines. The IPMAN observation is coming just...
- Posted January 18, 2014
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Nigeria attracts $8bn in Foreign Direct Investment – FG
The Minister of Foreign Affairs, Prof. Viola Onwuliri, has put the value of Foreign Direct Investment in the Nigerian economy at $8bn. She stated this at a press briefing on Thursday in Abuja where she gave the...
- Posted January 17, 2014