Business

Economy: Buhari optimistic as petroleum summit opens in Abuja


As the first Nigeria International Petroleum Summit, NIPS, opens in Abuja, President Muhammadu Buhari, has described the summit as the highlight of Nigeria's contribution towards attracting foreign investment to Africa.
Buhari, who stated this while declaring open the Summit on Monday [...]

Thu, 22 February 2018


Osinbajo opens first Nigeria petroleum summit in Abuja

Vice President Yemi Osinbajo is scheduled to declare open the first Nigeria Investment Petroleum Summit, NIPS, on Monday, February 18, 2018 in Abuja.

Minister of State for Petroleum Resources, Dr Ibe Kachikwu, who disclosed this at a world press conference in Abuja, said the Secretary General o [...]

Fri, 16 February 2018


Anchor Borrowers’ scheme: CBN disburses N55bn to farmers

A total of N55billion has been disbursed to at least, 250,000 farmers within two years of implementation of the Anchor Borrowers’ Programme, ABP, the Central Bank of Nigeria has revealed.

According to the Acting Director, Corporate Communications of the bank, Mr. Isaac Okorafor, 80percent [...]

Fri, 16 February 2018


IEC calls for standardisation in power sector

The Nigerian National Committee of the International Electro-Technical Commission, IEC, has said standardisation remains the only way of ensuring the safety of consumers in a seemingly borderless globe.

The national chairman of the Nigerian National Committee, Engr. A. Esan, made the assertion [...]

Thu, 15 February 2018


Forex: Central Bank intervenes in Retail SMIS with $325.64m

The Central Bank of Nigeria (CBN) has again intervened in the Retail Secondary Market Intervention Sales (SMIS) to the tune of $325.64 million.

Figures obtained from the Bank on Friday, February 9, 2018, indicate that the amount released was for requests in the agricultural, airlines, petroleum [...]

Sat, 10 February 2018




NDIC, ICPC partners in fight against corruption

The Anti-Corruption and Transparency Unit, ACTU, of the Nigeria Deposit Insurance Corporation has been re-constituted to ensure good corporate governance, transparency, and accountability in the corporation.

The Managing Director and Chief Executive of the Corporation, Alh. Umaru Ibrahim said b [...]

Fri, 09 February 2018


ATM transactions results in 51% e-payment dealings in Q4

Automated Teller Machine, ATM, transactions were said to have dominated the volume of electronic payment dealings in the last quarter of 2017, resulting in over 51percent of the total e-payment businesses made in the period.

According to the National Bureau of Statistics’ data on Electron [...]

Fri, 09 February 2018


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