18 Years After: RMAFC moves to review president, governors, lawmakers’ pay
By Babajide Komolafe, Economy Editor The Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, has completed the review of the remuneration of political office holders, 18 years after their salaries were last reviewed by law, saying the proposed new remuneration and revenue allocation Bills will reach the National Assembly before the end of the year. Chairman […]
G8 agrees to, open trade, boosts farm aid
Group of 8 leaders will agree to fight trade protectionism and mobilise billions over the next three years to boost agricultural investment in the developing world, according to reports.
IITA begins on-farm trials on new new yam
THE International Institute of Tropical Agriculture (IITA) in partnership with Nigerian farmers has begun preliminary trials of propagating yam through vine cuttings on farmers’ fields in Niger State.
UBA leads ExxonMobil/NNPC $265m upstream financing
A consortium of eight Nigerian banks led by UBA, as the lead bank, are in a $265million supplementary refinancing deal for ExxonMobil and the Nigerian National Petroleum Corporation (NNPC). The banks are United Bank for Africa Plc, Oceanic Bank, Standard Chartered Bank, Skye Bank, Zenith Bank, Bank PHB, Access Bank and Union Bank Plc.
NAICOM embargos new insurance licence, to reduce insurance coys
Insurance companies operating in the country have the options to freely go into Merger and Acquisition (M & A) or have the law compel them to do so as the National Insurance Commission (NAICOM) says 51 insurance companies operating in the country are too many.
NSE tackles CBN on uniform year-end for banks
The Nigerian Stock Exchange (NSE) has called on the Central Bank of Nigeria (CBN) to review its decision on the uniform year-end for banks in the country, urging it to instead, adopt a double year-end for the banks.
Trading normalises, share value dips by N137bn
Trading on the Nigerian Stock Exchange (NSE) normalised, Tuesday, as the value of listed equities, driven by losses on the share prices of blue chip companies, dipped by N136.83 billion.
CSR: AP commences second phase donation of crash helmets
African Petroleum (AP) Plc, a quoted company on the Nigerian Stock Exchange (NSE) has begun the second phase of donation of helmets to motorcyclist nation wide being part of its Corporate Social Responsibility (C.S.R) in building the nation.
Microfinance banks move to develop common software
The Lagos State Association of Microfinance Banks has entered into partnership with PROBANK, a Greek banking group, to create a common software for microfinance banks in the country.
AIG shares continue dive after reverse stock split
American International Group Inc. shares continued to plummet one week after the company approved a reverse stock split and as jury deliberations began in a $4.3 billion trial against its former CEO.
NACCIMA advocates for more businesses with China
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has advocated for more business partnership between Nigeria and China.
