Business

Forex sale: CBN assess banks’ compliance

 

Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, recently paid an unannounced visit to some banks in Abuja, to assess the level of compliance to the CBN’s new directive on forex sale to travellers.

The apex bank had issued a directive to all deposit money banks [...]

Sun, 03 June 2018


Adeosun: 2018 Budget, we will change our priorities

 

The federal government has said it will have to realign its priorities in the 2018 budget, so as to reduce the negative impact the delay in the implementation of budget could have on the economy.

Minister of Finance, Mrs. Kemi Adeosun, who stated this while responding to questions [...]

Sun, 03 June 2018


22% retirement funds invested in money market – NBS

 

Approximately 22percent of Retirement Savings Accounts, RSAs, of retirees under the Contributory Pension Scheme are invested in local money market and bank securities, in the first quarter of 2018.

The National Bureau of Statistics in its Pension Assets and Membership Data for the [...]

Sun, 03 June 2018


Currency swap deal: CBN to release framework this week

The Central Bank of Nigeria will this week, release the framework that will guide the implementation of the currency swap deal between Nigeria and China.

CBN governor, Mr. Godwin Emefiele, made this known while speaking to journalists after the Monetary Policy Committee meeting held at the apex [...]

Fri, 25 May 2018


Estimated billing: new investors get approval for metering

Twenty two firms recently got the nod to procure and install meters for customers under the Meter Assets Providers MAP, arrangement the Nigerian Electricity Regulatory Commission have disclosed.

The Commission hopes that the latest development will put an end to the years of estimated billing o [...]

Fri, 25 May 2018


Nigeria can develop its infrastructure from transport sector – Bello

The Executive Secretary, Nigerian Shippers Council, NSC, Bar. Hassan Bello, has with the right streamlining of Nigeria’s transportation system and ports processes, the country does not need oil revenue to develop, as needed revenue will be generated through transportation.

Bello stated th [...]

Fri, 25 May 2018


NNPC wants effective university-industry partnership

 

The Nigerian National Petroleum Corporation, NNPC, has advocated increased synergy between Nigerian universities and the oil and gas industry to harness the gains of the Nigerian content agenda in the sector.

Group Managing Director of NNPC, Dr. Maikanti Baru, stated this at the 2 [...]

Wed, 23 May 2018


NIPC unveils online investors’ guide

As parts of efforts of improving the ease of doing business in the country, the federal government has partnered the United Nations to develop an online investment portal that will increase investment inflows into the country.

Speaking at the launch of the portal tagged ‘iGuide Nigeria,&r [...]

Wed, 23 May 2018


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