News - Business and Economy

Akinwunmi Adeshina Says Agriculture Is The Future Of The African Economy

5 years ago /

Minister of Agriculture, Akinwummi Adeshina says foreign direct investment in agriculture in Africa will increase from $10 billion to $45 billion by the year 2020.    

Analysts Task New CBN Governor To Maintain Value Of The Naira

5 years ago /

Financial analysts have tasked the new CBN Governor, Godwin Emefiele on the need to sustain a firm monetary stance as he officially assumes duty.  

CBN Orders Stoppage Of Charges On Bank Deposits

5 years ago /

The Central Bank of Nigeria, CBN has ordered the stoppage of all charges on bank deposits with immediate effect.  

Metering System: The Ordeal Nigerians Pass Through

5 years ago /

Electricity consumers in Abuja the Nigerian capital and elsewhere are expressing frustration at what they called “staggering charges” given them by power distribution companies through estimated billing.

NDDC Partners With Ministry Of Agriculture On Its Rice Mills

5 years ago /

The Niger Delta Development Commission, NDDC, has sought the partnership of the federal ministry of agriculture in running its two rice mills at Elele Alimini in Rivers State and Mbiabet Ikpe in Akwa Ibom.    

NCC Organises Forum For Consumers

5 years ago /

Nigerian Communications Commission, NCC, has rolled out a consumer outreach programme aimed at providing a platform to address consumer issues in the industry.

Ekiti Government Partners With BoA To Empower Farmers

5 years ago /

Ekiti state government in collaboration with Bank of Agriculture has doled out N60 million to farmers in the state under the Farmers Loan Support Programme. 

Cecilia Ibru Goes To Court To Stop Seizure Of Properties

5 years ago /

Former Managing Director of now defunct Oceanic Bank Plc, Cecilia Ibru, is seeking to stop the federal government from forfeiting property seized from her following her 2010 conviction for fraud.    

Godwin Emefiele Assumes Office As CBN Governor

5 years ago /

The new Central Bank Governor of Nigeria, Godwin Emefiele, officially assumed office yesterday in Abuja.  

Fixed Charge On Electricity Is Here To Stay - NERC

5 years ago /

Electricity consumers in Nigeria will continue to pay N750 as fixed charge tariff even after June 1, 2014.  This is contrary to the approved multi-year tariff approved by the government.  

SEC Calls For Strong Audit Committees In Corporate Governance

5 years ago /

Quoted companies have been charged to follow due process when selecting audit committee members as this will help prevent corporate failures in the country.    

CBN Remains Committed To Cashless Policy

5 years ago /

The Central Bank of Nigeria, CBN says it remains committed to implementing the cashless policy in the country.

NEPC To Improve Shea-butter For Export

5 years ago /

The Nigeria Export Promotion Council, NEPC said it has embarked on series of activities to improve the quality of Sesame and Shea-butter produce for export.  

NEXIM Bank Files Suit Against CNPP; Denies Mismanagement Allegation

5 years ago /

The government agency while briefing journalists in Abuja says the move became necessary as the allegation undermines its international credibility especially when no such funds exist.  

New MD Of BOI Assumes Duty

5 years ago /

The newly appointed Managing Director and Chief Executive Officer of the Bank Of Industry, Rasheed Adejare Olaoluwa assumed office on Monday, taking over from Waheed Olagunju.  

CBN Retains Interest Rate At 12%

5 years ago /

The Central Bank Of Nigeria, CBN, has again retained the key interest rate at 12%. This was contained in the CBN’s communiqué number 95 of the monetary policy committee meeting that held in Abuja.  

Financial Inclusion Would Improve Living Standards In Rural Areas - Tunde Lemo

5 years ago /

Some financial analysts in Nigeria have attributed the high rate of poverty and low level of per capital income to lack of access to banking services.  

FG Seeks To Maintain The Nation's Status As Africa's Top Investment Destination

5 years ago /

The Nigerian government says it intends to do everything possible to ensure the country maintains its lead as Africa’s number one investment destination.

Global Partnership For Poverty Reduction Has Called For Drastic Measures To Reduce Poverty

5 years ago /

Ways to bolster the poverty reduction drives, by the Nigerian government was the focus of the Global Partnership for Poverty Reduction meeting in Abuja this Thursday.  

Tax Experts Note That Non-Oil Tax Reduced After Rebased GDP

5 years ago /

With the rebasing of the gross domestic product GDP, Nigeria still has a lot to do to increase revenue generation to reach the required threshold.  


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