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21 Jan 2015
•Holds event in Geneva THE third edition of the Africa CEO Forum, an international event focusing on African private sector development strategies, will take place in Geneva on March 16 and 17.   About 800 people are expected to attend this year's forum, which already promises to be just as successful as previous editions, according to the…
20 Jan 2015
•Tasks Nigeria’s 17m SMEs on technology acquisition •Fidelity Bank to raise stake on SME financing TO further drive the growth of software development in Nigeria, the Federal Government, through the Ministry of Communications Technology has raised a venture capital fund of about $16.2 million (N2.71 billion) to be disburse to any qualified start-ups with innovative…
20 Jan 2015
INVESTORS and technical partners have expressed concern over the delay in the approval for the Enugu Power and Energy Free Trade Zone (ENPOWER FTZ).   Indeed, the financial commitment of the investors that run into billions of dollars have been laid dormant with accumulating costs, investment proposals for coal fired power projects and other coal…
20 Jan 2015
THE International Energy Agency (IEA) expects crude oil production growth in 2015 to be 350,000 barrels per day, lower than previously expected 950,000 barrels per day.    Though, supply will still grow significantly in 2015, it would however, not as much as previously thought, the agency said in its monthly report released recently.    …
20 Jan 2015
FIRSTBANK has achieved the recertification of the Payment Card Industry Data Security Standard   (PCI DSS) in 2014, having been one of the first top-tier banks in Nigeria to obtain the certification 2013.     The certification is renewable yearly as demanded by the standard and regulators following a rigorous audit of the bank’s payment…
19 Jan 2015
•Commissions SecureID’s plant in Lagos •BoI affirms commitment to devt financing THE Federal Government, Monday, unveiled plans to continually review tariffs and waiver granting as part of efforts to encourage local content development as well as improve capacity utilization of manufacturing companies in the country.    Indeed, local industrial firms had cited unfavourable import tariffs…
19 Jan 2015
WITH the global communities employing Information and Communications Technology (ICT) to fast track their development and digitialised their economies, the National Information Technology Development Agency, (NITDA) is set to upscale its capacity building efforts through training and research of government agencies and departments as it continues the broad objectives towards boosting Nigeria’s ICT capabilities and…
19 Jan 2015
The United Kingdom Trade and Investment (UKTI) of the British High Commission in Lagos, the Department of Petroleum Resources (DPR), Petroleum Technology Association of Nigeria (PETAN) and the Nigerian National Petroleum Corporation (NNPC) have thrown their weight behind Pennwell Corporation to promote partnership opportunities during the 19th yearly edition of Offshore West Africa (OWA) scheduled…
18 Jan 2015
THE Central Bank of Nigeria, last week, sustained its defense for the nation’s currency at the Retail Dutch Auction System (RDAS), though it offered less than the previous week’s provision at the platform.   Besides, the apex bank also conducted ad-hoc interventions at the interbank market to quell imminent rebound at the segment where the…
18 Jan 2015
• Decries proposed expenditure for debt servicing WORRIED by the nation’s ability to sustain its budgetary expenditure due to fluctuating global oil prices, the Lagos Chamber of Commerce and Industry (LCCI), at the weekend urged the economic managers to further review oil price benchmark below the actual price as well as production benchmark.   Besides,…
18 Jan 2015
THE irony of growth amid poverty may have repeated itself, as the Sub-Saharan African economy recorded a 4.5 per cent growth, with Nigeria leading the pack, amid high level poverty.   The development, according to World Bank report, indicated moderately resurged economies of the region, compared with 4.2 per cent in 2013.   However, in…
18 Jan 2015
The National Pension Commission has experienced a turnaround after the reform in 2004. The total  value  of pension  industry  assets  under  the  contributory pension scheme  stood  at about N4.6  trillion  as at September,   2014  with  an average  monthly  contribution of N20 billion  and 30 per cent yearly  growth  rate. The Director-General of the commission,…


20 mins ago
Nigeria’s capacity to take advantage of a weakened currency to boost its revenue profile and bridge gaps in balance of trade remains undermined by lingering domestic challenges, especially that of logistics, in transiting its non-oil exports.
26 mins ago
President Muhammadu Buhari has revealed that the persistent attacks on educational facilities and abductions of students and teachers have left more than 12 million children currently traumatised and afraid of going to school, especially the girl-child.
31 mins ago
Is it legal and constitutional for serving lawmakers or appointees of government to seek election into a tenured office without resigning from the post or taking a leave of absence? Should the Independent National Electoral Commission...
35 mins ago
The pan-Yoruba socio-political organisation, Afenifere, yesterday, insisted that the country must return to the 1963 Constitution to be on the right path.
35 mins ago
Nigeria Basketball Federation (NBBF) Caretaker Committee chairman, Musa Kida, yesterday, insisted that the federation’s election billed for Saturday in Benin City must hold as scheduled despite the postponement announced by the sports ministry.