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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…
SECURE-IT-
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…
naira-notes
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…
Anohu-Amazu
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,…
18 Jan 2015
WITH sliding profile of crude oil price in the world market, analysts have again prescribed effective diversification of the nation’s economy currently dominated by the commodity.   Indeed, a group, under the aegis of Forum for Inclusive Nigerian Development (FIND), stressed that the current political campaign should be focused on strategies that would achieve this…
18 Jan 2015
AN American Congressional delegation has arrived in Havana in the first such visit since the United States and Cuba agreed to restore ties severed in 1961. The Democrat politicians plan to meet Cuban officials and civilian leaders to discuss practical measures required for the normalisation of relations. The thaw in relations was announced on 17…
18 Jan 2015
A FEDERAL High Court sitting in Lagos has ordered the Attorney General of the Federation (AGF) and four others to maintain status quo in the award of the multi-million dollar contract for the controversial storage and offloading unit FPSO in Egina Field within OML 130, pending the determination of the suit by a lawyer, John…
Biz-Rice-Market-KK
17 Jan 2015
EVEN as the rice market experiences its peak season, serious crisis may be looming in the value chain due mainly to regulatory snag, sharp market practices and bogus investment speculations by investors, checks by The Guardian has revealed.      Rice production has been hailed to be Nigeria’s next income spinner, with mills sprouting in…

Latest

14 mins ago
Mr Biodun Oyebanji, the Secretary to Ekiti State Government, has resigned his appointment, the News Agency of Nigeria (NAN) reports.
1 hour ago
TradeDepot, the leading B2B eCommerce and embedded finance platform in Africa, has raised $110 million in an equity and debt funding round to support the delivery of Buy-Now-Pay-Later services to 5 million SME retailers and drive further expansion of its merchant platform across the continent. The new funding will also support the expansion of the…
1 hour ago
The Nigerian Senate has called on the British authorities to consider removing Nigeria from their Coronavirus (COVID-19) red list.
1 hour ago
President of the Ugwumba Leadership Centre for Africa and All Progressives Congress (APC), Uche Nwosu has urged the Federal Government to partner with private organizations and individuals to drive its women and youths' empowerment policies and programmes. He said such measures will eliminate observed sharp practices that have undermined the government's efforts at tackling youths…
1 hour ago
Many students are feared dead in the Ojodu area of Lagos State after a truck ran into them on Tuesday afternoon. The accident happened along Isheri Road, just before the Ojodu Police Station. An eyewitness said the accident which occurred at about 3:00 pm claimed the lives of over 10 students with others injured from…