Abuja – The Chairman, House of Representatives Committee on Banking and Currency, Rep. Jones Onyereri, said the Central Bank of Nigeria (CBN) would contribute N50 billion to the Assets Management Corporation (AMCON) sinking fund. Onyereri (PDP-Imo) made the announcement at a one-day public hearing on a bill to amend the AMCON Act 2010 organised by the […]

The new private sector investors who bought the electricity Distribution Companies, DisCos, are to inject a total of $1.8 billion into the operations of the companies.

National President, Association of Nigerian Licensed Customs Agents (ANLCA), Alhaji Olayiwola Shittu, has blamed the total concession of Nigerian ports for their poor services.

THE Nigeria National Petroleum Corporation (NNPC) has expressed interest in being integrated to the Single Window (SW) platform of the Nigeria Customs Information System (NICIS).

Standards Organisation of Nigeria (SON) has dispatched its enforcement officers to go to various markets nationwide to seize and destroy substandard electric bulbs and lamps, saying 80 per cent of them are inferior.

Dr. Joseph Odumodu, Director-General of the agency, who handed down the order during a meeting with dealers of electric bulbs and lamps in Lagos, said that any bulb and lamp found below standards should be seized and destroyed immediately.

Nigeria and Kenya are to benefit from the $2 million General Electric, Africa and US African Development Foundation, USADF grant as part of a three-year Power Africa Off-Grid Energy Challenge.

Every September 5 has been designated the ‘International Charity Day’ by the United Nations, UN. The maiden edition this year had Mr. Ban Ki-Moon, Secretary-General of the UN urging mankind to donate, volunteer and act with kindness for the betterment of the human race.

Visa Nigeria, has unveiled the Africa Integration Index, a study that measures the degree of economic integration within key trade corridors of sub-Saharan Africa.

The real estate sector recorded a growth of 10.88 percent in the second quarter of 2013, which is a slight increase over the 10.06 percent growth recorded in the first quarter of the year.

Euro Global Foods and Distilleries Limited has urged companies in the beverage sector of the Nigeria economy to source their raw materials locally, saying this will help grow the economy and ensure the companies compete effectively with their peers in the international market.

Director-General of the International Air Transport Association (IATA), Mr. Tony Tyler has advised governments in Africa to ensure that African airlines are all enlisted in the IATA Operational Safety Audit (IOSA) before the year 2015.

Poor service in Nigeria is like the weather.
Everybody talks about it, but nobody seems to do anything about it. Wherever you turn, you will hear someone complaining about poor service by public servants, telecom companies, IT firms, universities or hospitals. What of banks? Almost everybody has one negative thing or the other to say about the banks, their tellers or ATMs.

Quoted companies on the Nigerian Stock Exchange, NSE, will not be allowed to announce fresh dividend payment, bonuses or engage in mergers in the next three weeks.

According to a notice obtained from the NSE’s website, there will also not be market actions like splits, rights issues and listing.

Nigeria Deposit Insurance Corporation (NDIC) has offered executive positions to female staff as part of its efforts to ensure gender diversity among its workforce.

First Bank Nigeria Limited has attributed the success of the recently floated Eurobond to the country’s improved sovereign debt rating.