• Godwin-Emefiele-New-CBN-Gov

    TSA: No Exemption For Any MDA – CBN

    | Leave a comment

    Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, yesterday said that no federal government ministry, department or agency (MDA) had been exempted from the Treasury Single Account (TSA). This was as the Monetary Policy Committee (MPC) voted to reduce the cash reserve ratio (CRR) from 31 per cent to 25 per cent,…

    Continue Reading ...
  • aliko_dangote_12

    Dangote, Saipem Announce Joint Venture In Central, West Africa

    | 1 Comment

    Dangote Industries Limited, Africa’s leading indigenous conglomerate, has announced a multi-million dollar Joint Venture agreement with the Italian engineering and construction gian, Saipem. The agreement has given birth to a new company named Saipem-Dangote E&C. According to a statement from Dangote Group, the company, Saipem-Dangote E&C is a significant new player in the Nigerian and…

    Continue Reading ...
  • nnpc logo

    Audit Report: NNPC Must Remit $1.48bn To Federation Account – PwC

    | Leave a comment

    The Nigerian National Petroleum Corporation (NNPC) and Nigerian Petroleum Development Company (NPDC) were, yesterday, indicted by the investigative forensic audit done by the PriceWaterHouse Coopers (PwC) over the allegations of unremitted funds to the Federation Accounts and both institutions are to return a minimum of $1.48 billion to the federation account. Addressing journalists on the…

    Continue Reading ...
  • Nitel HQ

    NITEL/MTEL Creditors Get March Date For Payment

    | 3 Comments

    The Bureau of Public Enterprises (BPE), yesterday, assured creditors to the Nigeria Telecommunications Plc (NITEL) and its mobile arm, Nigerian Mobile Telecommunication (MTEL), that they will start getting disbursements after the full payment for the company has been received 90 days from now. This is even as the NATCOM Consortium, the preferred bidder for the…

    Continue Reading ...
  • Nahco aviance

    We Restructured For Sector Dominance – NAHCO Aviance

    | 5 Comments

    The Nigerian Aviation Handling Company Plc (Nahco Aviance) has cleared the air on the reasons why it undertook its recent restructuring. The company said, in a statement in Lagos, that the exercise was carried out in order to reposition the company for a more dominant role in the Nigerian aviation industry. The manager, Corporate Communications…

    Continue Reading ...
  • Goodluck Jonathan in Yoruba cap

    Jonathan Launches N1.5bn Elumelu Nigeria Empowerment Fund

    | 35 Comments

    The founder of the Tony Elumelu Foundation and chairman of Heirs Holdings, Mr Tony O. Elumelu, has announced the launch of the Elumelu Nigeria Empowerment Fund. The fund which was launched by President Goodluck Ebele Jonathan, yesterday, in Abuja, is to help revitalise the economies of post conflict and disaster communities across Nigeria. Jonathan also…

    Continue Reading ...
  • unemployed

    Nigeria Creates 2.5m New Jobs In 2 Years

    | 8 Comments

    A total of 2.48 million new jobs were created in the Nigerian economy between third quarter, 2012 and second quarter 2014, recent data released by the National Bureau of Statistics (NBS) has shown. The Statistician General for the Federation and chief executive of the NBS, Dr Yemi Kale, gave the figure in Abuja while speaking…

    Continue Reading ...
  • National-Bureau-of-Statistics-NBS

    Food, Other Items Push Inflation To 8.3 % In July

    | 5 Comments

    Nigeria’s Composite Price Index (CPI), which measures the average change in price level or inflation rate rose marginally by 8.3 per cent (year-on-year) in July, up by 0.1 percentage points from the 8.2 per cent recorded in the preceding month. The National Statistical News published yesterday by the National Bureau of Statistics (NBS) in Abuja,…

    Continue Reading ...
  • goodluck jonathan 22

    Jonathan Flags Off Disbursement Of N220bn SMEs Fund

    | 2 Comments

    President Goodluck Jonathan will today officially flag off the disbursement of the N220 billion Micro, Small and Medium Enterprises Development Fund (MSMEDF) launched last year by the Central Bank of Nigeria (CBN). With the official flag off, it is expected that full disbursement of the fund launched last October would take off in earnest. The…

    Continue Reading ...
  • gdp

    GDP Rebasing Lowers 2013 Economic Growth

    | 1 Comment

    Nigeria’s actual Gross Domestic Product (GDP) growth rate for 2013 has been revised to 5.49 per cent at the conclusion of the rebasing exercise, down from the previous 7.41 per cent, the National Bureau of Statistics (NBS) announced yesterday. The final GDP rebasing results by output for 2010 to 2013, released by the NBS yesterday,…

    Continue Reading ...

Daily Columns