Back to homepage

Business

Forex scarcity stifling insurance operations, NIA, CIIN lament — Clement Nwoji

Forex scarcity stifling insurance operations, NIA, CIIN lament — Clement Nwoji

🕔04:48, 15.Sep 2016

Minimum capital for composite firms down to $16.13m from $25.12m Even as insurance practitioners are complaining about the prevailing apathy by the public towards its services, operators have lamented the negative effects of the foreign exchange crisis confronting the nation

Read Full Article
Recession confirmed. Now what? —  Nonso Obikili

Recession confirmed. Now what? — Nonso Obikili

🕔03:06, 6.Sep 2016

The National Bureau of Statistics just confirmed what most Nigerians already knew. The economy shrunk by 2% year on year to the end of June confirming that we are officially in a recession. The first recession maybe since the 1990s

Read Full Article
Impediments to cargo clearance, by customs agents — Sulaimon Salau

Impediments to cargo clearance, by customs agents — Sulaimon Salau

🕔02:12, 6.Sep 2016

The Association of Nigeria Licensed Customs Agents (ANLCA), has identified series of impediments to smooth clearance of cargo from the Nigerian borders. The National President of the association, Prince Olayiwola Shittu at a function in Seme border, said incidences of

Read Full Article
FMBN seeks EFCC help to recover N90b debts — Anthony Otaru

FMBN seeks EFCC help to recover N90b debts — Anthony Otaru

🕔04:21, 24.Aug 2016

The Federal Mortgage Bank of Nigeria (FMBN), is seeking the assistance of the Economic & Financial Crimes Commission (EFCC), in the recovery of about N90 billion bad debts from fraudulent developers and others who obtained housing loans from it but

Read Full Article
Minister tasks ICT firms on agriculture, mining sectors dev — Adeyemi Adepetun

Minister tasks ICT firms on agriculture, mining sectors dev — Adeyemi Adepetun

🕔04:02, 24.Aug 2016

The Minister of Labour and Employment, Dr. Chris Ngige, has called on Information and Communications Technology companies in Nigeria, to support the economic diversification efforts of the Federal Government, by deploying ICT solutions to the enhancement of agricultural and mining

Read Full Article
Budget and oil economy: Nigeria’s many troubles

Budget and oil economy: Nigeria’s many troubles

🕔06:37, 14.Aug 2016

The facts about Federal Government’s fiscal plan in 2016 are obvious. That it made an all-time high budget plan at N6.06 trillion. But it also appropriated an all-time deficit at N2.2tr. Against more than N1.5tr oil-related revenue projection in 2015;

Read Full Article
Government moves to boost traffic at Calabar Port — Anietie Akpan

Government moves to boost traffic at Calabar Port — Anietie Akpan

🕔01:34, 11.Aug 2016

The Federal Government yesterday expressed its desire to reposition Calabar Port to boost the traffic and make it more functional. Managing Director, Nigeria Ports Authority (NPA), Adeisa Bala Mohammed, during a courtesy visit on the Cross River State Governor Ben

Read Full Article
Africa’s New Top-Up Leader: Ozaremit Accelerates its Development

Africa’s New Top-Up Leader: Ozaremit Accelerates its Development

🕔01:22, 6.Aug 2016

LONDON, United Kingdom– Ozaremit (www.Ozaremit.com), a new top-up leader,  has accelerated its development only 3 months after its launch. The company, which is is an international value remittance service for diaspora communities to support family and friends in their home country

Read Full Article
FG Convenes Economic Management Team Meeting

FG Convenes Economic Management Team Meeting

🕔07:46, 3.Aug 2016

As Nigeria continues to be mired in deep murky economic waters, the Presidency has begun to make efforts to salvage the country’s economy. Yesterday, the President’s Economic Management Team(EMT) met, under the leadership of Vice President Yemi Osinbajo. The meeting

Read Full Article
Sterling Bank eyes N35b fresh capital — Helen Oji

Sterling Bank eyes N35b fresh capital — Helen Oji

🕔02:16, 1.Aug 2016

Emerges best non-interest bank Sterling Bank Plc has concluded plans to raise additional N35 billion tier 11 capital the second half of the year, even as the bank has recorded a reduction in non-performing loans from 4.8 per cent recorded

Read Full Article