All posts tagged "headline"

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  2014 budget: Reps, Senate disagree on oil benchmark

  The House of Representatives on Thursday adopted a crude oil benchmark of $79 per barrel for the 2014 budget. This is in sharp contrast to the position of the Senate which pegged it at $76.50 as announced...

  • Posted November 16, 2013
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  Banks move to meet deadline on global certification

  Deposit Money banks have begun moves to meet the 2015 deadline given by the Central Bank of Nigeria for banks to certify their operations in line with the International Standard Organisation’s information security management systems. The Executive...

  • Posted November 16, 2013
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  Oando Foundation wins 2013 Africa Oil & Gas Corporate Social Responsibility Initiative Award

  Oando Foundation, an independent charity, launched by Oando Plc, wins the Corporate Social Responsibility Initiative award at the 2013 Africa Oil & Gas Awards. The prize was given to the Foundation in recognition of its continued commitment...

  • Posted November 16, 2013
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  Union doubts FG’s ability to manage N3.7tn pension fund

  The Nigeria Union of Pensioners (NUP) has expressed displeasure over the alleged plan by the federal government to invest about N3.72 trillion accumulated pension funds domiciled with the National Pension Commission (PenCom) on infrastructure development. The NUP...

  • Posted November 15, 2013
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  Telecoms operators insist on interoperability to unlock mobile money

  African telecoms operators attending the on-going AfricaCom conference in South Africa have insisted that network interoperability among telecoms operators on one hand, and interoperability between banks, merchants and customers, on the other hand, is key to drive...

  • Posted November 15, 2013
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  World Bank to spend $1.4bn on power transmission

  The World Bank will, in the next three years, spend about $1.4bn on the nation’s power industry, especially on transmission infrastructure. The World Bank Country Director for Nigeria, Marie-Francoise Marie-Nelly, stated this in an interview with our...

  • Posted November 15, 2013
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  Inflation rate drops by 0.2%

  The National Bureau of Statistics on Wednesday released the country’s inflation rate for the month of October. The bureau, in the Consumer Price Index report signed by the Statistician General of the Federation, Dr. Yemi Kale, stated...

  • Posted November 15, 2013
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  CJN seeks strict corporate governance code for banks

  The Chief Justice of Nigeria, Justice Aloma Mukhtar, on Wednesday called on the regulators of the banking sector to ensure a strict compliance with the corporate governance code. Mukhtar spoke in Abuja at the 13th seminar on...

  • Posted November 15, 2013
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  Jonathan flays World Bank’s ranking of Nigeria’s business environment

  FOR assessing Nigeria as one of the difficult destinations in the world to do business in 2013, by the World Bank, President Goodluck Jonathan has said the assessment is in bad faith and not correct because Nigeria’s...

  • Posted November 15, 2013
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  External reserves dip by 6.1% in Q3 – CBN

  In a report by the Central Bank of Nigeria (CBN), which highlights some major developments in the external sector of the Nigerian economy during quarter two (Q2) 2013, Nigeria’s external reserves declined by 6.1% with trade balance...

  • Posted November 14, 2013
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