Business

Re-engagement of The Tobacco Debate in Africa, By Franklin Cudjoe

The debate on tobacco control is rather a generational one that has transcended decades if not centuries. There seems to have emerged various schools of thought on the subject, which have shaped the perception, thoughts and direction of the global community in pre-world war times through to post world periods. Whichever way it is perceived, […]

Poultry farm used to illustrate the story.

FCTA farmers benefit from N500 million agricultural loans

The credit is under the CBN’s agricultural development scheme. The Federal Capital Territory Administration (FCTA) says it has disbursed over N500 million to farmers under the agriculture loan scheme of the Central Bank of Nigeria (CBN), as part of measures to boost agriculture development and food supply in the territory. The FCTA said it has […]

Lamido Sanusi emerges best Central Bank gov again

Mr Sanusi received the honor the third time. Nigeria’s Central Bank governor, Lamido Sanusi, has been named the 2013 Emerging Markets Central Bank of the Year Award for Sub-Saharan Africa, making it the third time he would receive the honour. The award was conferred on Mr Sanusi during the International Monetary Fund (IMF)/World Bank Annual […]

Nigeria’s economy retains strong Standards and Poors rating

The international agency rated Nigeria a BB minus.

States oppose CBN’s 50% Cash Reserve Requirement on public sector funds

The federal, states, and local governments shared N1.196 trillion for August and September.

Nigeria urged to consult small scale farmers in policy making

Small scale farmers are largest aggregate investors in agriculture in Nigeria.

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Transparency groups list Nigeria, 24 others as home of illicit extractive industry finances

Civil Society groups from 30 countries converged in Tanzania

Nigerian banks alone can’t fund power sector projects, says FBN Capital

Nigeria banks would have to collaborate with others for such projects.

Why PHCN workers’ benefits are delayed- Official

Over 40,000 workers are to be disengaged as part of the PHCN privatisation process.

Dollars used to illustrate the story.

Re-introduction of RDAS in Nigeria ensures transparency in the forex market- Analysts

The Central Bank of Nigeria switched from RDAs to WDAs.

Nigeria slashes business registration fees by half

The Minister of Trade and Investment announced the reduction.

Africa’s growth challenged by rising poverty, inequality, says World Bank

Poverty remains unacceptably high.

Survey shows Nigeria’s business confidence index decline in 4th quarter

The BCI fell from 24 per cent to 17 per cent.

N10.9b fraud: Ex-Finbank chiefs have case to answer, Lagos court rules

Justice Lateefat Okunnu refused to discharge the ex-FinBank chiefs.

FG approves establishment of transformer assembly plant in Nigeria – Official

The head of the National Agency for Science and Engineering Infrastructure stated this. The National Agency for Science and Engineering Infrastructure (NASENI) said the Federal Government has approved the establishment of a local transformer assembly plant, to address the nation’s epileptic power supply. The Executive Vice Chairman of the agency, Mohammed Haruna, announced this on […]

NNPC refutes owing FAAC N2.3 trillion

The Corporation said it has paid all its dues. The management of the Nigeria National Petroleum Corporation, NNPC, on Sunday refuted a statement credited to Governor Adams Oshiomhole of Edo that the Corporation owes the Federation Account about N2.3 trillion. This is contained in a statement issued in Abuja by the Acting Group General Manager, […]

CAC staff suspend strike, to resume work Monday

The CAC staff had gone on strike on Friday. Staff of the Corporate Affairs Commission (CAC) on Sunday suspended their strike over non-payment of an agreed 35 per cent salary increase by the commission. The suspension followed agreements reached by the CAC management and the workers under the aegis of Amalgamated Union of Public Corporations, […]

Nigerian stock exchange report Friday, 04 October 2013: Guinness tops losers chart

Nigerian Breweries topped gainers chart after Monday’s transaction on the Nigerian stock exchange trading floor, gaining N3.60, at the close of the day’s transactions. The firm’s share price rose from N169.40 to N173.00. It was followed by Mobil, which gained N3.05 closing at N110.05 up from N107.00. FO was third on the top five chart, […]

Why Corporate Affairs Commission workers commenced indefinite strike- Union leaders

The junior staff are protesting the wide disparity in salary structure.

EFCC arraigns 12 suspected oil thieves

Six others were arrested by the Navy.

Corporate Affairs Commission, CAC, staff embark on strike over pay

The workers shutdown their offices.

New owners of Nigeria’s electricity companies can abandon unwanted projects- Official

The new investors have been handed the licences of the PHCN successor companies.

Work resumes at PHCN offices as workers insist on payment of entitlement

FG insists it has paid severance benefits of nearly all PHCN workers.

Nigerian stock exchange report Wednesday, 02 October 2013: Nestle tops gainers chart

Nestle topped gainers chart after Wednesday’s transaction on the Nigerian stock exchange trading floor, gaining N8.47, at the close of the day’s transactions. The firm’s share price rose from N990.03 to N998.50. It was followed by Nigerian Breweries, which gained N3.00 closing at N168.00 up from N165.00. UACN was third on the top five chart, […]

Analysts laud Nigeria Central Bank for re-introducing Retail Dutch Auction

 The Central Bank has moved from the Wholesale Dutch Auction to the Retail Dutch Auction.