The recent appointment and the swearing-in of the new Comptroller General of the Nigeria Customs Service, Dikko Abdullahi Inde by the federal government has again thrown up another opportunity that the nation cannot afford to miss as a young officer leads the countryâ€™s customs services.Read More
Even as the dust on the CBN clampdown of five banks yet to settle, Mallam Lamido Sanusi says Islamic banking is around the corner in Nigeria to help in preventing irregularities facing conventional banks.Read More
THE managing director of ValuCard Nigeria Plc, Mr. Kyari Bukar, has called on the
Central Bank of Nigeria to enforce strict compliance by all players in card payments industry with the EMV specification and also ensure that all ATM acquirers have no special relationship with any card scheme (card agnostic) if the countryâ€™s payments system must meet global best practices.
â€œOur society is now based on consumption .. 70 per cent of the GDP. This is more than we produce. So to pay our bills, we use funny money invented in 1913 with the creation of the Federal Reserve and the fiat dollar based on credit (debt).. the fractional reserve system. In 1930â€™s you bought what you could afford.Read More
Mr. Mustafa Younes is the Marketing Director, Zain Nigeria. In this interview he reiterated Zainâ€™s commitment to provide quality services and deliver value for money for the Nigerian consumers.Read More
The On-going 250 year Celebration National Consumer Promo organised by Guinness to reward consumers of its flagship brand, Guinness Foreign Extra Stout (FES) and Guinness Extra Smooth (GES) for being loyal even to celebrate 250 remarkable years of the multiple global award winning brand, berthed in Akure and Aba regions where the draws took place.Read More
This yearâ€™s Udiroko Festival kicked off at the palace of the Ewi of Ado-Ekiti, Oba (Dr) Rufus Adejugbe Adeyemo, on Friday, August 28, 2009. The festival, which is being sponsored by MTN for the second year running, is an annual celebration that brings together sons and daughters of the community.
The NLC President, Mr Abdulwaheed Omar, on Wednesday urged the Central Bank of Nigeria (CBN) not to politicise the ongoing reform in the banking sector to achieve its objective.Read More
GROUP Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mohammed Sanusi Barkindo said on Tuesday that the country now produces 2.3 million barrels of crude oil per day against the Organization of Petroleum Exporting Countryâ€™s (OPEC) figure of about 1.6 barrel per day.Read More
In order to prevent unnecessary margin facilities to the stockbroking firms and future crash of the Nigerian stock market, the relevant government agencies have been advised to pass legislation that will prevent banks from owing brokerage firms.Read More
The bearish trend in the Nigerian capital market continued, Wednesday, as the value of listed equities dipped further by N38.3 billion.Read More
BankPHB Plc has reiterated its commitment to the growth and development of the Nigerian economy, declaring its intention to contribute meaningfully to human capital development and also help in building capacity for the country.Read More
By Babajide Komolafe Cost of funds in the interbank money market rose slightly yesterday due to funding of foreign exchange purchases by banks at the Wholesale Dutch Auction System (WDAS). Interest rate on Call lending rose to 4.4 from 4.3 per cent while Seven days lending attracted 7.0 per cent up from 6.75 per cent.
The Lagos State Chapter of thethe National Association of Microfinance Banks of Nigeria has set up an Intervention Fund to be used in addressing the problems of short term liquidity that is becoming a common feature in the microfinance sub-sector.Read More
The federal government is to meet with independent oil marketers over recent increase in the price of aviation fuel or JET-A1.Read More