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Business News
Nigeria’s benchmark rate may rise as Naira falls to dollar
RESPITE may still be far for the nation’s economy as the Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, said the current Monetary Policy Rate would be raised further with 2015 election spending on the...
Read more... Lagos seeks Scottish collaboration on energy, solid minerals development
THE Lagos State Government is seeking the assistance of the Scottish Development International to develop and attract investors in its energy and solid mineral sector.
The Commissioner for Energy and Mineral Resources, Taofiq Ajibade Tijani...
Read more... The Commissioner for Energy and Mineral Resources, Taofiq Ajibade Tijani...
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Banks defy CBN’s rate rules, as stakeholders kick
BARELY two months into the effective date for the commencement of the stipulated interest rate on savings deposits in banks, majority of the financial institutions have defied the directive.According to investigations, the directive contained in...
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Sambo seeks more investments from Japan
VICE President Mohammed Namadi Sambo has challenged Japan to invest heavily in Nigeria due to the potentials inherent in the country’s progressive economic growth and development.A statement by his media office at the weekend quoted Sambo, who...
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World Bank stakes $56 million in Nigeria’s agric research scheme
THE World Bank has invested $56 million (N8.9 billion) in the nation’s agricultural research system, to improve food production in the country.The five-year project, codenamed West Africa Agricultural Productivity Programme (WAAPP-Nigeria) and...
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MAN President seeks single digit interest rate for agric loans
THE President of the Manufacturers Association of Nigeria (MAN), Alhaji Bashir Borodo, has advocated the introduction of a single-digit interest rate on agricultural loans to enhance growth in the sector.
Borodo made the suggestion in an...
Read more... Borodo made the suggestion in an...
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One year after, Dana crash victims still in pursuit of full compensation
The first anniversary of the Dana Airline accident, which claimed over 160 lives, including all members of the same family is today. While the full investigation report on the cause of the accident is yet to be released, WOLE SHADARE and... Add new comment Hits: 346
NEITI indicts agencies over flaws in oil, gas sector
•Recovers $1.99b debt from IOCsTHE Nigeria Extractive Industries Transparency Initiatives (NEITI) has recovered that about $1.99 billion (N316 billion) from International Oil Companies (IOCs) and paid into the Federation Account since its...
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NCC may sanction operators, subscribers to switch off phones in protest
EXCEPT telecommunications service providers take urgent steps to address the persistent sharp decline in service quality, they risk the Nigerian Communications Commission (NCC) sanctions, The Guardian has learnt.Besides, the National Association...
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Stakeholders lament Nigeria’s high Internet transmission cost
STAKEHOLDERS in the telecommunications sector have lamented what they described as huge Internet transmission cost in Nigeria.
This is coming on the heels of the presence of about four sub-marine cables put at about N347 billion in the country...
Read more... This is coming on the heels of the presence of about four sub-marine cables put at about N347 billion in the country...
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OPEC explains crude oil price volatility
ORGANISATION of Petroleum Exporting Countries (OPEC) has attributed the current global crude oil price volatility to continued uncertainty, stemming from the slow pace of global economic growth, continued Euro-zone debt crises, high unemployment...
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Nigeria’s growth prospects brighter than S’Africa’s, says Botha
Stephan Botha, until recently, was the Managing Director of Integrated Cash Management Services (ICMS) in Nigeria. Before leaving the country for South Africa at the end of his tenure, he spoke with Business Editor, ADE OGIDAN. Excerpts:YOU...
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Path to SMEs’ development in Nigeria, by Hinton
Mr. Tim Hinton is the Global Head, Small and Medium Enterprises Banking at Standard Chartered Bank. He came to Nigeria as part of his oversight functions and had a chat with CHIJIOKE NELSON on the bank’s strategy to boost Nigeria’s economy... Add new comment Hits: 296
Infrastructure deficit as a metaphor
MIDYEAR in 2007, the analysis available from usually redoubtable sources disposed that Nigeria would need to produce a Gross Domestic Product in the range of US$570 billion by year 2020 to qualify as one of the 20 largest... Add new comment Hits: 244
How to end pipeline vandalism, by stakeholders
STRINGENT punishment for offenders, application of modern technology and the use of electronic surveillance devices, have been identified as measures capable of tackling pipeline vandalism in the country.
Stakeholders at 2013 Petroleum Downstream...
Read more... Stakeholders at 2013 Petroleum Downstream...
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