Economic Confidential

37% of Nigerians Not Aware of Mobile Money Services

A survey has shown that 37 per cent of Nigerians are not aware of mobile money and as such do not use the payment platform. Philip Consulting disclosed this in a report on mobile money. According to the report, of the...

Oil theft: FG may lose $12bn in 2013 — Okonjo-Iweala

Revenue earned by Nigeria this year may be as much as $12 billion short of budget estimates as theft of crude and output disruptions persist in the oil-rich Niger River delta, Finance Minister Ngozi Okonjo-Iweala said. The government will...

Stock Market Upbeat, Gains N97.09bn

  The Nigerian Stock Exchange (NSE) closed the week on a positive note, consolidating on its previous week’s gains as the market capitalisation gained N97.09 billion to close at N12.07trillion from N11.97 trillion at which it opened the week. The All-Share...

Nigeria’s inclusion to BRICS countries requires strong industrial sector — MAN

The quest of having Nigeria included in the league of BRICS countries will remain a mirage without a virile productive sector. The out-going chairman, Manufactucturers Association of Nigeria, MAN Apapa branch, Mr. John Aluya, made the remark at the association’s...

Sanusi: Right Balance, Key in Appointing My Successor

The Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi Friday stated that having the right balance in appointing his successor was more important than whether his successor was appointed from outside or within the institution. Bloomberg quoted...

NDIC Repositions, Pledges Safer Financial System

The Nigeria Deposit Insurance Corporation (NDIC) Thursday unveiled a new corporate identity which is aimed at deepening trust, improved communication with depositors as well as ensuring greater protection of depositors' funds in banks. The new corporate logo which has the...
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