Nigeria, high risk, high returns market – Guinness
The Lagos Chamber of Commerce and Industry has also stated the challenges of the Nigerian business environment.
World Bank Vice President for Africa to visit Nigeria
The World Bank’s Vice President for Africa, Makhtar Diop, is scheduled to arrive Nigeria on Sunday on his first official visit to the country since his assumption to office last May. The Nigerian office of the Bank said on Thursday that Mr. Diop will hold discussions with key Federal Government officials including President Goodluck Jonathan, […]
Report foresees single digit inflation rate in Nigeria in 2013
The Financial Derivatives Company, a diversified financial institution, has stated that the nation’s average rate of inflation will be at a single digit by year end. The firm, in a report which focused on inflation, said this is due to a number of factors which includes anticipated increase in productivity. “Initial estimates for price inflation […]
Bank customers get Feb 1 deadline to comply with money laundering law
Most businesses in Nigeria are designated non-financial institutions and will have to register with the Special Control Unit Against Money Laundering.
Dana, Nigeria aviation authorities boycott inquest into plane crash
Dana crashed seven months ago killing all passengers on board and more people on the ground.
Nigeria set to pay N94bn subsidy to 23 petrol marketers
Finance Minister refuted allegations that her ministry is blocking verified payment to marketers.
Dana Air crash, floods jolted insurance industry in 2012 – operator
The disasters in Nigeria in 2012 acted as wakeup call for insurance companies.
Nigeria Central Bank urged to check quack finance houses
The activities of quacks are a challenge to the finance sector.
Beneficiaries of Nigeria’s N22bn Stock Exchange largesse unknown
Nigeria’s finance ministry and stock exchange are ignorant of the beneficiaries.
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.
Obasanjo, Gusau, Imoke, six others behind ALSCON privatisation imbroglio
The ALSCON controversy cannot be explained without mentioning the nine names
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.
INVESTIGATION: Lagos tax agency in secret operations, protects tax evaders
The LIRS said it will not provide details of tax evaders
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: […]