Business

Emefiele takes charge, pledges to build people-centered CBN

Bank customers will no longer pay charges on cash deposits The newly appointed governor of the Central Bank of Nigeria, Godwin Emefiele, on Thursday unfolded a 15-point vision to build a model, people-centered bank capable of delivering price and financial system stability and promoting sustainable economic development. During his first media briefing as CBN governor, […]

Arik Air

Arik commences Abuja-Dubai flights July 28 – Official

Michael Arumemi-Ikhide, the airline’s Chief Executive Officer, disclosed this in a statement. The Arik Airline on Wednesday in Lagos said it would begin commercial flight operations between Abuja, Nigeria, and Dubai, the United Arab Emirates (UAE) on July 28. Michael Arumemi-Ikhide, the airline’s Chief Executive Officer, disclosed this in a statement signed by Arik spokesperson, […]

Nigeria’s FEC approves N40 billion loan for Lagos – Maku

He said the credit facility will be in support of the second Lagos State Development Policy Operation.

Jonathan submits N322 billion NDDC budget to National Assembly

Mr. Jonathan said the submission was in line with provisions of the NDDC Act.

Segun Aganga

Nigeria launches credit facility for infrastructure projects

NSIA was established with a mandate to promote fiscal stability.

Nigerian Senate confirms Monetary Policy Committee, MPC, members

The senate also confirmed the appointment of new members of the National Population Commission.

Nigeria’s N1.6 trillion investment on 600 privatised firms ineffective – BPE boss

Public enterprises gulp over N480 billion annually in subventions and subsidies.

A power transmission station in Kaduna state

Nigerians to experience more darkness as electricity generation drops

Two gas plants in Delta State were shut down.

New CBN governor, Emefiele, assumes office, to unfold agenda Thursday

Mr. Emefiele succeeds Lamido Sanusi, who was suspended from office in April.

INTERVIEW: IMF Promotes Policies to Make Growth Sustainable and Inclusive – Lagarde

The International Monetary Fund and the Mozambican government last week hosted the “Africa Rising” conference, attended by policymakers and private sector and civil society representatives to discuss how to manage and promote the economic gains Africa has been making since the 2008 global economic downturn. In an interview with AllAfrica’s Melissa Britz, the fund’s Managing […]

Nigerian young entrepreneur nominated for Africa’s top award

Nigeria’s Toyosi Akerele, the young chief executive officer of Rise Networks, the Lagos-based public and private sector funded social enterprise committed to wholesome youth and education development, is one of five young Africans vying for the inaugural MTV Base Leadership Award. Senior Vice President & Managing Director, Viacom International Media Networks Africa, Alex Okosi, commenting on the leadership […]

Nigeria Stock Exchange

NSE market capitalisation up by N392billion as index gained 2.95 per cent

Seplat Petroleum led the gainers’ table, appreciating by N23.95.

Corruption breeding poverty in Africa — IMF boss

IMF will launch programme to help reduce corruption.

A power transmission station in Kaduna state

Electricity Commission gets Senate backing to implement privatization law

Lawmakers visited the electricity commission Friday.

Confab committee proposes restructuring of Nigerian economy

The committee wants the monthly FAAC meeting should be weekly to curb financial volatility The committee on Economy, Trade and Investment at the ongoing National Conference, has proposed a drastic restructuring of the Nigerian economy from being consumptive to being a productive and people-centred economy. The committee said to reposition the economy for growth urgent […]

FIRS issues deadline to banks for remittance of Nigerians’ tax

FIRS warned banks to always remit taxes. The Federal Inland Revenue Service, FIRS, on Wednesday announced June 30 as deadline for the remittance of tax collected by the banks on behalf of the service. The Acting Executive Chairman of FIRS, Kabir Mashi, said at a taxpayers sensitization workshop that companies with December 31, 2013 as […]

Ledum Mitee

Nigeria to implement new EITI standards in extractive industry

“The standards also involve disclosures of oil production figures, revenue sharing arrangement between tiers of governments.” Nigeria is set to commence the full implementation of the new global standards set by the Extractive Industries Transparency Initiative, EITI.. The Chairman of the Nigeria Extractive Industries Transparency Initiative, NEITI, National Stakeholders Working Group, Ledum Mitee, said this […]

CBN

CBN seeks teaching of financial literacy in Nigerian schools

CBN says it is committed to enhancing the financial literacy of Nigerian youths.

Nigeria’s contributory pension asset tops N4.3 trillion

The PenOp chief commended the PENCOM for developing appropriate laws and regulatory frameworks. About six million workers in various ministries, departments and agencies, MDAs, currently account for about N4.3 trillion total asset under the Contributory Pension Scheme, CPS, the Pension Operators Association of Nigeria, PenOp said on Tuesday. The National Chairman of the group, Musbahu […]

Nigerian stock market index appreciates by 0.77 per cent

Caverton records heavy setback in one week of trading.

CBN denies giving NEXIM N200 billion

The bank has sought reprieve against CNPP in court.

Jonathan signs Nigeria’s 2014 budget as Defence gets 20 per cent

Out of a total budget of N4.962 trillion, the allocation to the defence sector took about N968.127 billion.

NSE: Investors stake N10.22 billion in 4,689 deals

The trading also increased by over 185.81 per cent.

Acting CBN Governor reviews performance

MPC retains MPR at 12 per cent.

World Economic Forum

WEFA attracts $68 billion investment to Nigeria – NGO

Mr. Ohwofa also said that the global return on investment in Nigeria was the highest in the world today.