Business

Inside FG, Discos war over epileptic power supply

For weeks now, the federal government and electricity distribution companies operating in Nigeria have been pointing accusing fingers at each other over their roles in decelerating the actualisation of adequate power supply in the country.

While the government is insisting that the Discos are n [...]

Sat, 21 July 2018


Workers’ protest: vandals attack MTN installations

Critical telecommunication installations belonging to MTN Nigeria Communications Limited were recently vandalised by unidentified persons after the recent picketing of the company by members of the Nigerian Labour Congress.

Government fears that sustained att [...]

Sun, 15 July 2018


FAAC shelves 3 consecutive meetings over disagreement with NNPC

The Federation Accounts Allocation Committee meeting for May 2018 again ended in deadlock Thursday last week, making it the third consecutive time the meeting will be suspended in recent times.

The meeting which was to consider and approve [...]

Sun, 15 July 2018


International interest will drive automotive industry - Enelamah

The federal government is positive that the recent visit of foreign investors and consultants from the automotive industry will serve as a boost for the development of the sector.

Minister of Industry, Trade and Investment, Mr. Okechukwu En [...]

Sun, 15 July 2018


‘De-risk your economies or risk investors’ flight’

Nigeria, and indeed other African countries have been urged to focus on de-risking their economies and build confidence in their financial systems or risk facing issues of investors’ flight.

The Chief Executive Officer of African Trade Insurance Agency, [...]

Sun, 15 July 2018


AfDB devise strategies to bridge Nigeria’s infrastructure gap

The Africa  Development Bank, AfDB, has said it will assist Nigeria put together an array of bankable projects that would help bridge the county’s infrastructure gap in the shortest possible time.

This is part of a $130billion in [...]

Sun, 15 July 2018


2018 budget: Defence suffers highest cut

In spite the alarming rate of insecurity in Nigeria and the calls to increase security budget to curb the trend, the National Assembly considerably slashed allocation to the defence sector in the 2018 appropriation.

At least 13 projects valued at N3.63billion [...]

Sat, 14 July 2018


CBN demands daily transaction data from banks

In a bid to ensure effective monitoring and evaluation of the banking industry, the Central Bank of Nigeria, CBN, has mandated all financial institutions to furnish it with their daily transaction data through the Nigeria Inter-Bank Settlement System, NIBSS.

[...]

Sat, 14 July 2018


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