Managing Director/Chief executive Credit Registry Services, the nation’s first credit bureau, Mr. Taiwo Ayedun has said that the most effective way for the Central bank of Nigeria (CBN) to address the problem of bad loans in the banking industry is to enforce its guidelines that banks should use credit bureaus.

As parts of plans to improve its market share and boost its bottom line in the years ahead, Honeywell Flour Mills (HFM) Plc has announced its decision to introduce new and attractive products in the Nigerian market and also expand the reach of its products through continuous training of users of its products.

The World Trade Organisation is due on Aug. 31 to adopt a ruling by its top court condemning U.S. anti-dumping measures, allowing Japan to seek retaliation against Washington, a WTO agenda showed on Friday.

Oil rose more than $1 to trade above $74 a barrel on Friday as data in the United States promised economic recovery and a potential revival in energy demand. Home sales data for July showed recovery in the U.S. housing market, while Federal Reserve Chairman Ben Bernanke said that the global economy appears to be […]

THE Central Bank of Nigeria appears to be developing cold feet over the war it declared on bank debtors.

Poor Federal Government budget implementation has become a major hallmark of the present administration, a situation many members of the public blamed on the perceived delay in contract and procurement processes by the Bureau of Public Procurement (BPP) formerly as Due Process office

INTER-AGENCY collaboration between the Nigerian Maritime Administration and Safety Agency, NIMASA and the Nigerian Ports Authority, NPA, has ensured that over 400 passengers were rescued from a distressed Sao Tome flagged vessel.

Poor risk management has been fingered as one of the principal reasons for the current state of the nation’s financial institutions, particularly the banks.

TRADERS at the Lagos International Trade Fair complex, under the aegis of Auto Spare Parts Machinery Dealers Association have vowed to resist renewed attempt by Lagos State government to enforce the state’s 2004 tax law enacted specifically for the traders, saying that it amounts to multiple taxation.

As the controversy over the injection of funds into the five banks in the country continues to rage more facts are
beginning to emerge. Available data from industry study as at March 2009 provide an insight into developments in the industry.

As the controversy over the injection of funds into the five banks in the country continues to rage more facts are beginning to emerge. Available data from industry study as at March 2009 provide an insight into developments in the industry. The data indicate that as at March 2009, 18 out of the 24 banks operating in the country total loan portfolio stood at N 4.4595 trillion.

It was an unprecedented action in the recent history of the Nigerian banking industry, when the new Governor of the Central Bank of
Nigeria (CBN), Mr. Sanusi Lamido Sanusi, last Friday sacked five bank Managing Directors in one fell swoop. As rightly described by some commentators, it was a “sunami”.

She is young, vibrant and wants to deploy energy towards helping Nigeria enthrone food security through diversification of the nation’s economy from oil into agriculture.

In a little more than two weeks, after a year of planning, Johannesburg will host the inaugural Joburg Shopping Festival. Developed to promote the City’s status as the African continent’s premier destination for retail and wholesale shopping, the JSF also aims to showcase and promote the many festivals, meetings and all around entertainment on offer in Johannesburg in September – making the “City with the Golden Touch” the place to be this spring, a truly Africa’s shopping Mecca.

As part of Starcomms consistent corporate social responsibility efforts, it has provided the public relations office of the Nigeria Police Force Headquarters with one year free Internet access to help the office handle official messages and general complaints emanating from the public nationwide.