Nigeria Central Bank urged to check quack finance houses
The activities of quacks are a challenge to the finance sector.
Building Collapse Guild urges developers to obey construction standards
There is a high rate of building collapse in the country.
FG to buy 30 aircraft to assist local operators
The Federal Airports Authority of Nigeria (FAAN) has announced government’s plan to buy 30 aircraft as part of its plans to boost the operations of the aviation industry. The Corporate communications General Manager of FAAN, Yakubu Dati, said during an inspection of the renovated Benin Airport on Wednesday, that the fund would be sourced from […]
Nigeria Stock Exchange to suspend UBA shares Thursday
UBA will split in four parts and shareholders will choose which of the constituents to re-invest in.
Reflections on the last twelve months, By Ifeanyi Uddin
An eventful year ends, much as it began — inauspiciously. Which is sad! For we recall the immediate past not so much for how well off we have turned out (though, arguably, the past twelve months had moments that, had the brave been sufficiently persuaded to try, held out the promise of real redemption). Instead, […]
Palm oil filled ship, 80 others expected in Lagos ports in two weeks
The items in the ship reveal dependence on imported products.
Naira remains relatively stable despite close of official auction
Naira traded at about N158.50 to the dollar as at Thursday.
Mobile payment, online transactions to face higher fraud in 2013 – Report
The report said mobile payments, on-line transactions and others face more risk of fraud.
Six years after, domestic wing of Lagos airport gets airfield lighting
The domestic wing of the Murtala Muhammed Airport, Ikeja, came alive on Tuesday, as the Nigerian Airspace Management Agency (NAMA) successfully deployed the emergency airfield lighting on its runway. The equipment was deployed on the popular 2.7 km runway ’18 Left’. Supo Atobatele, the General Manager (Public Affairs) of NAMA, announced this to Aviation Correspondents in […]
How Nigeria loses billions in solid mineral sector- NEITI report
More that 70 per cent of mining companies in Nigeria are inactive.
Nigeria Stock Exchange undertakes year-end review of Market Indices
The Nigeria Stock Exchange does the review twice a year.
Nigerian Stock Exchange closes for yuletide season
The Nigerian Stock Exchange will re-open on Thursday.
November Inflation Numbers, What Significance? By Ifeanyi Uddin
Consumer price indices for November (released last week by the National Bureau of Statistics – NBS) confirm what every housewife/home maker in the country has known for sometime now. Rising food prices, to the extent that these reduce disposable income, are hurting households’ welfare. The choices are easier as you move up the social ladder: […]
56m Nigerian adults have never had bank accounts, transactions – Survey
The survey showed that about only about 28.6mn Nigerian adults have bank accounts.
Qatar to invests $390m in Nigeria’s transport sector, says Minister Aganga
Qatar, a tiny Middle east country bordering the Persian Gulf and Saudi Arabia, has expressed interest to invest 390 million dollars in Nigeria’s transport sector in 2013. Olusegun Aganga, the Minister of Trade and Investment, who disclosed this on Tuesday in Abuja, said the two countries had concluded arrangements to sign a memorandum of understanding (MoU) on the […]
Former CBN governor warns against sharing excess crude revenue
The excess crude revenue should be left for the rainy days, a former CBN governor said.
Improving Nigeria’s public sector accounting standards By Peter Onwubuariri
IPSAS can help fight corruption if utilised appropriately.
Tony Elumelu blasts investors, says they’re exaggerating Nigeria corruption
Tony Elumelu, Chairman, Heirs Holdings Ltd., on Monday stressed the need for investors to report positive issues that would encourage doing business in the country. Mr. Elumelu made the appeal at the Presidential Policy Dialogue at the 18th National Economic Summit in Abuja. He said that though corruption should be tackled in the system, it should not be the major […]
Why we must restructure government a la Sanusi Lamido, By Ifeanyi Uddin
Once again, SLS (our moniker for Sanusi Lamido Sanusi, Governor of the Central Bank of Nigeria ―CBN) walks into a new tempest. In fact, he did not walk into this. He seeded it. Almost inevitably, so soon as he suggested government sack half of its workforce as part of a restructuring process necessary to steady […]
Banks reluctant to grow loan books despite plenty of demand
Banks want an improvement in the power sector so they can improve their loan books.