Standard Bank, the parent company of Stanbic IBTC. Plc, weekend, strengthened its relationship with China with the signing of a US$1 billion loan facility with four major Chinese banks in Macau,

Leveraging on strategic partnerships with key stakeholders in the power sector, including state governments, banks have committed about $700 million to power projects across the country, with the aim of facilitating the federal government effort to provide stable power supply in the country.

THE Recent parley between Mr. Lamido Sanusi and the House of Representatives Committee on Banking and Currency might have come and gone, but it left a lot of questions unanswered about both parities. That the CBN governor floored the lawmakers in the opinion of some, have reflected how shallow Nigerians understand the tenets of the 1999 constitution.
CHARLES KUMOLU reports.

THE Federal government has said that if the nation’s products were well packaged and made attractive especially to the international community, they will command better pricing through adequate promotion at the appropriate places and markets. Speaking in Abuja at the Stakeholders Forum on improvement of non-oil exports, Minister of Commerce and Industry, Chief Achike Udenwa who noted that the situation was affecting the nation’s economy, called on Standards Organisation of Nigeria(SON), Federal Produce Inspection Service(FPIS), National Agency for Food and Drugs Administration and Control (NAFDAC) as well as other quality control agencies to step up action at educating Nigerian exporters on the urgent need to re-focus on the best standards and qualities that were acceptable in international markets.

This is where I classify the new capital requirement of the CBN. It is the anti-thesis of an entrepreneurial approach. That is why I am certain that X years from now some policy maker will reverse it. The only loser will be the Nigerian economy —Professor Pat Utomi, The Guardian, July 25, 2004.

A major aspect of the recent developments in the banking sector is the amount of funds; N 420 billion which the Central Bank had to inject into the affected banks in response to their reported chronic illiquidity.

Dr. Oscar Odiboh, Managing Consultant Newsletters Limited. He bagged his doctorate degree in the new area of Philosophy of Marketing Communication in University of Lagos. He has worked in companies like Lintas, Insight and Solutions before establishing Newsletters Limited years ago. He has written books on marketing communication which are recommended to higher institutions in […]

Representatives from about 20 companies will be participating in London Chamber of Commerce’s trade mission slated to hold next week in Lagos and Accra respectively.

Nigeria is losing money holding reserves in dollars following the fact that the dollar has been losing value as reserve currency in the last couple of months says Financial Market Intelligence (FMI), a firm of financial markets analysts. The FMI in its recent report states that the dollar has lost 12 per cent since March against an index comprising the euro, yen and four other major currencies.

The bearish run in the Nigerian capital market continued, Wednesday, as the value of listed equities on the Nigerian Stock Exchange (NSE) dipped by N15.77 billion.

Cement Company of Northern Nigeria (CCNN) Plc has significantly surpassed its turnover and Profit After Tax ( PAT) forecast of N3.12 billion (Actual-N6.59 billion) and N460 million (Actual-N1.17 billion) respectively for the second quarter 2009.

A commercial farmer in Imo, Chief Patrick Onuoha, says politicising agriculture is detrimental to national development as it leads to a wastage of financial resources.

The Federal Government has commenced the construction of grazing reserves and clearly delineated stock routes for effective livestock development at N3.6 billion.

The Federal Government on Tuesday released 25,000 tonnes of assorted grains from the National Strategic Food Reserve (NSFR) to cushion the effects of high cost of food.

SINCE the controversial sacking of the management of five of the nation’s top banks by the Central Bank of Nigeria (CBN) over alleged professional misconduct, a lot has been happening in the banking sector.