Nigeria’s inter-bank lending rates dropped to an average of 10.75 per cent this week from 11.41 per cent last week. This has…
Category:
News
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Dr Joseph Odumodu, the Director-General of the Standards Organisation of Nigeria (SON), on Friday urged Small and Medium-Scale Enterprises (SMEs) to produce…
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Some stakeholders in the power sector on Friday decried plans by the Nigerian Electricity Regulatory Commission (NERC) to further increase electricity tariff…
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Nigeria will next year set up a new cement plant, Minister of Trade and Investment, Olusegun Aganga has disclosed. Aganga said in…
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The Nigerian Export Promotion Council (NEPC) and members of the organised private sector have met in Abuja on strategies to improve the…
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FinanceNews
FG lays out early budget proposal, target 8 % growth in 2012 —Benchmark oil price $75, crude oil production 2.48mbd
By Omoh Gabriel Federal government of Nigeria on Friday September 16th indicated its intention to get its 2012 budget ready on time…
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When Comrade Adams Oshomole mounted the soap box to context the governorship of Edo state many did not give him any chance.…
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By Omoh Gabriel An ambitious agenda for enhancing investment and governance across Africa and creating sustainable growth was discussed by 120 public…
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By Chudi Offodile When Elbridge Gerry was Governor of Massachusetts, USA, in 1812, the state legislature divided Essex County into two districts…
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FinanceNews
First Bank, UBA, GTBank, Fidelity, Diamond tipped for award at IMF/World Bank meeting —- UBA, GTBank MDs tipped as African banker of the year
By Omoh Gabriel Two Nigerian Bankers have been tipped for recognition as African Banker of the year at a ceremony to be…
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AnalysisFinanceNews
Global Bank capital regime at risk as regulators tinker rules —- Can Nigeria banks meet Base111 standard in capital
By Omoh Gabriel with Agency report The plan by international financial community to stave off future global financial crisis by ensuring adequate…
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The handling of the Nigeria banking crisis portrays every investor in Nigeria economy as a common criminal who should not be trusted…
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By Omoh Gabriel Recent development in the Nigerian Banking industry has become a sour grape. Whichever way you look at it, it…
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When the ongoing reforms in the banking sector started, many Nigerians expressed reservations as to the fairness, of the exercise. Two years…
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News
Government takes over three rescued banks *Afribank, Bank PHB and Spring Bank *Assets transferred to bridge banks
The Federal Government yesterday through the Nigeria Deposit Insurance Corporation (NDIC) assumed ownership of Afribank, Bank PHB and Spring Bank via the…