The banking sector gained N740 billion as a result of the reduction of the Cash Reserve Ratio, CBN from 31 to 25 per cent by the Central Bank of Nigeria, CBN recently. Recall that the CRR reduction was announced by the CBN following the implementation of a Treasury Single Account, TSA that mandated all commercial banks to return all government funds in their custody to the CBN.

The Nigerian Civil Aviation Authority, NCAA, has slammed the operators of the two grounded foreign registered aircraft with N7 million fine. The foreign registered planes were grounded by the authority last Sunday for operating the aircraft from Farnborough, London and landing at the Nnamdi Azikiwe International Airport, Abuja on the 10th of September, 2015 without any flight clearance from NCAA.

A survey carried out by Nigeria’s online classified site, OLX has revealed that status of engine remains the most imprtant factor considerd by Nigerians who want to buy used cars. OLX Country Manager, Lola Masha, said the research was carried out to identify what is most important to their users when buying used cars. According to her,“This information will enable us educate them on what to really look out for when in the market to buy a used vehicle”.

The Federal Government has been called upon to institute appropriate sanctions for erring gas flaring companies in Nigeria.

The World Trade Centre, WTC, Abuja, is the first complex in Nigeria to have seven towers made up of a 38-storey hotel building and six 24-storey commercial offices and residential towers. Located at the Central Business Area, the towers promise dwarf all other structures Abuja. In this interview, Senior Property Consultant, Mr. Olumide Adekanmi , explains the concept of the WTC and what the nation’s economy stands to gain from it. Excerpts:

THE Nigerian Ports Authority, (NPA) and Managing Director of Aero Maritime Group, Chief Victor Odili are currently in court over NPA’s refusal to renew the rental agreement of the Brawal Shipping Limited, a subsidiary of the group.

NIGERIAN Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has launched the e Certificate of Origin that is designed to help address and reverse the ban of Nigerian products by the European Union and other countries.

IN line with the UN Global Goals initiative, Unilever Nigeria, has reiterated its commitment to continue advancing the lives of Nigerians through its sustainable living plan.

THE Nigerian Stock Exchange (NSE) has announced the commencement of the 2015 edition of its annual essay competition themed ‘Building a Sustainable Capital Market.’

Agriculture constitutes one of the most important sectors of the Nigerian economy. In terms of employment, agriculture is by far the most important sector, engaging about 70 percent of the nation’s labour force. The importance of the sector necessitated the government over the years to establish many intervention funds in the agricultural sector that would be entrepreneurs can take advantage of.