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MDGs: Nigeria Needs Over N4trn Annually To Meet Deadline

As the 2015 Millennium Development Goals (MDGs) deadline draws closer, Nigeria is said to require N4 .2 trillion annually to completely achieve all the set eight goals. While receiving a delegation from the International Monetary Fund (IMF) in her office, the Senior Special Assistant to...

Cashless Policy: Antagonists of the PoS revolution

The cashless policy  started in Lagos   January 2012, but it is yet a policy in most major public institutions.  A good example is the Lagos state hospitals. A visit to any of these general hospitals will reveal little or no attempt on the part...

Sanusi Braces up for Election Spending Shock

• Northern elite  woo CBN boss to join politics Central Bank of Nigeria (CBN) Governor, Mallam Sanusi Lamido Sanusi, has said he is bracing up for public spending “shocks” as the country prepares for the 2015 elections. His disclosure reduces the chance of a reduction in...

Power: Kaduna, Enugu, C/River Take N16bn Loan

The Federal Executive Council (FEC) yesterday approved the signing of a $100 million (equivalent N16 billion) loan agreement with Indian Import-Export Bank to boost power supply in Cross River, Enugu and Kaduna states. Briefing journalists after the FEC meeting which was presided over by Vice...

SEC Restates Commitment to Protect Investors

The Securities and Exchange Commission (SEC) has restated its determination and commitment to protect investors patronising the Nigerian over-the-counter (OTC) securities market. The OTC market, comprising equities market and fixed income market, has been operating with little or no transparency and strong corporate governance. However, SEC ...

NIBSS Processes N9.3trn Electronic Transactions

The electronic payment landscape in Nigeria has continued to be on the ascendancy as the Nigerian Interbank Settlement System Plc (NIBSS) has conducted over 14 million transactions between November 2012 to October 2013 valued at  over N9.3 trillion, recording impressive growth since the last...