GTBank commenced the issuance and acquiring of MasterCard’s EMV compliant payment cards on the Interswitch transaction switching platform.

Scarcity of funds intensified in the interbank money market last week following outflow of N165 billion through withdrawal by Nigeria National Petroleum Corporation (NNPC), Cash Reserve debit and funding of foreign exchange bids at the Wholesale Dutch Auction System (WDAS).

As an extension of its Corporate Social Responsibility (CSR) policy, Centage Savings and Loans Limited has launched a new promo to give opportunity to young musical artists to discover their talents.

In its drive for world class standards in service efficiency and delivery, First City Monument Bank Plc (FCMB) has successfully deployed a highly revolutionary computer based online integrated training portal designed for the training and manpower development of its human capital.

Nigeria has lost and is still losing a lot in both human resources and finances due to lack of infrastructure. Hospitals which need 24-hour power supply have to rely almost entirely on diesel-powered generators despite the high cost of fuel. This in turn raises the cost of health care in the country.

Employees give us their best, so we need to make sure we provide benefits that give back to employees. We make sure they have the opportunity for financial security, and we also provide a lot of wellness programs-we want to make sure they live long enough to enjoy their retirement —Nancy Ayres, general manager, Clipper Belt Lacer Company
Very good people always have choices.

THE Nigerian Maritime Administration and Safety Agency, has said it is set to increase the International Security and Port Facility Security (ISPS) level in Nigeria to level two from the present level one within the next two months.

CAMPAIGN for Democratic and Workers’ Rights (CDWR), has condemned alleged care free attitude, the Central Bank of Nigeria (CBN), in handling reported alleged swindling of millions of naira from unsuspecting Nigerians by operators of alleged unregistered finance house, “PS Micro-finance”.

AS the nation grapples with the problem of infrastructure, especially the all-important electric power problem, it is obvious that not all viable options have been explored in this regard.

To actualize the Vision 2020, the national planning commission has brought together all the relevant stakeholders to brain storm on the way forward. Part of these stakeholders include Ministries, Departments and Agencies (MDAs).

The Lagos Free Trade Zone continues to witness steady growth both in investment and infrastructure development.

Scarcity of funds has reemerged in the interbank money market causes a rise in cost of funds.Interest rate on Call lending which was stable at 10 per cent last week rose to 11 per cent, while interest rate on Collateralised Lending or Open Buy Back (OBB) rose to 7.8 per cent from 7.3 per cent. Interest rate on Seven days lending also rose to 12.63 from 12.2 per cent while 30 days lending increased to 142. To 14.7 per cent.

Maize researchers have presented a blueprint on doubling maize production to the Nigerian government. The blueprint, which contained empirical facts and recommendations, proved that the oil-rich nation could double maize production and called for the strengthening of the country’s seed system to tackle the food crisis confronting the world.

STAKEHOLDERS and participants, who attended the just-concluded the International Agricultural Business Summit, organised by the Nigerian Economic Summit Group (NESG) in collaboration with the Kwara State Government and AgroNigeria, which held Ilorin have endorsed the integration of the West African market as a critical factor in agricultural development and commodities trading.

THE International Insti tute of Tropical Agriculture (IITA), in partnership with the Institut de Recherche Agronomique de Guinee (IRAG), stepped up efforts to save native African cassava varieties from genetic erosion with the collection of 73 local cassava varieties from Guinea Conakry.