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 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.
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.
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 […]
NSE market capitalisation up by N392billion as index gained 2.95 per cent
Seplat Petroleum led the gainers’ table, appreciating by N23.95.
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 […]
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 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.
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.
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.