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Tuesday, September 18, 2018

Between Banking Reformation and National Transformation

In July 2014, it will be ten years since Professor Charles Chukwuma Soludo, a brilliant academic-cum-development expert, former Governor of Central Bank of Nigeria...

Global Recognition for Nigeria MDGs Efforts

World leaders at the just concluded United Nations General Assembly renews their efforts toward alleviating the plight of the poor in the society as...

Kidnappers and their executioners

In April 2013, Senate President David Mark called for the execution of oil thieves and those engaged in bunkering activities. Curiously, he did not...

Guess who is dollarizing the economy!

Any patron of Bureau de Change may find that a difference of about N10 per dollar now exists between the official rate of N155...

Kano Pillars wins Nigeria Premier League title

Kano state governor, Rabi’u Kwankwaso has applauded Kano Pillars Football Club for retaining the Glo Nigeria Premier League Cup, after finishing all matches with...

Power: Eko Disco gets N39.7bn to upgrade infrastructure

The new owner of Eko Electricity Distribution Company, West Power & Gas Limited, has unveiled plans to invest $250m (N39.7bn) to transform the facility...
NNPC Towers

NNPC absolves self of alleged missing N500bn Sure-P money

The management of the Nigerian National Petroleum Corporation, NNPC, has absolved itself from the alleged missing N500 billion Sure-P funds. The Corporation which described media...

CBN, DERMALOG Seal N8bn Biometric Deal

The Central Bank of Nigeria (CBN) has signed a contract of over $50 million (N8 billion) with DERMALOG Identification Systems for the  deployment and...

FG Okays N48.6bn Loan For Mortgage Refinancing

The federal government yesterday endorsed plans to borrow the sum of N48.6 ($300 million) from the world bank via the international development association to...

Policies Cost FG N603bn Loss in Revenue

The Nigeria Customs Service (NCS) yesterday disclosed that certain government policies and bilateral agreements led to a revenue loss of N603.2billion for the country...

Banks disbursed N109bn to 20 power firms –CBN

Eleven Deposit Money Banks had so far disbursed the sum of N109.3bn to 20 companies from the N300bn Power and Airlines Intervention Fund provided...

Nigeria, Singapore partner on direct air links, others

Nigeria and Singapore have sealed deals on opening up air links between both countries. They have also agreed to collaborate in areas such as medical tourism,...

Contributory Pension Assets Hit N3.72trn

Total assets under the Contributory Pension Scheme (CPS) have reached an all-time high of N3.72 trillion, the acting Director General of the National Pension...

Elumelu Restates Commitment to $2.5bn Investment in Power Sector

The Chairman of Transnational Corporation of Nigeria (Transcorp), Mr. Tony Elumelu has restated the commitment of his  pan-African proprietary investment company to invest $2.5...

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...

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...

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...

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...

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...

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...

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