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Okonjo-Iweala
3 Feb 2015
The 2015 fiscal plan of the Federal Government, currently under consideration, has been assessed again as the “business as usual”. CHIJIOKE NELSON highlights some sectoral issues. THE above statement was credited to the Finance Minister and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, as part of her budget presentation speech.   But a critical…
3 Feb 2015
THE Central Bank of Nigeria has approved the appointment of Thomas A. Etuh and Alhaji Aminu Babangida as Chairman and Vice Chairman of the of Unity Bank Plc respectively.   According to a statement from the bank, signed by the Unit Head, Internal Communications and Brand Management, Ms. Ogechi Umez-Eronini, the approval was contained in a letter to…
Ouedrago-1
27 Jan 2015
THE importance of regional integration as a means to unlocking Africa’s great potential and supporting its economic development has long been recognized by investors and stakeholders. Several initiatives and brainstorming sessions over the issue have as well shown Africa’s desire to deepen regional integration. Perhaps, the collaborative efforts of the Economic Community of West African…
27 Jan 2015
THE evolving trends in the economy of the global community may have exerted enormous influence on the policy decisions of the nation’s apex bank.   Specifically, beside the challenges of the free falling crude oil prices, which at present, have sustained over 50 per cent decline in the last six months, activities in individual economies…
27 Jan 2015
WITH the launch of SecureCard Manufacturing Plant by smartcard supply and personalization firm- SecureID Limited, one its major financier, FirstBank Nigeria, said it is optimistic that the new and first polycarbonate plant in Africa would boost backward integration of the smartcard manufacturing process.     The ultra-modern plant, which focuses on polycarbonate card body production and…
Sekibo-21-1
20 Jan 2015
MAJOR acquisitions by local players in the nation’s financial industry set 2014 apart in recent years. For one thing, indigenous banks showed their capabilities and eventually succeeded in making a strong statement at the end, with one set to go in the second quarter of this year. Beside acquisitions, integration of the acquired entities with…
20 Jan 2015
THE nation’s financial system sustained its wide margins between interest rates on deposit and lending all through the months of January and October 2014.   The Economic Report of the Central Bank of Nigeria for the month of October 2014, though indicated mixed developments in banks rates, but the wider margins remained a constant feature…

Latest

2 hours ago
With the presidential, governorship and National Assembly primaries of both the All Progressives Congress (APC) and Peoples Democratic Party (PDP) close by, the intense intrigues and political maneuverings by the parties have pushed the opposition PDP away from the Eagle Square to the MKO Abiola Stadium on the outskirts of the Abuja City Centre.
2 hours ago
Amid uncertainties in the global economy and rising insecurity in the country, the nation’s stock market continued its bullish run, giving hope to patient investors who endured long periods of downturn on the Nigerian Exchange Limited (NGX).
2 hours ago
Poor implementation of the patronage policy, high cost of production, high level of importation, smuggling among other challenges have continued to undermine Nigeria’s textile sector, shrinking the number of viable textile firms to less than 20 from 175 firms in 1985.
3 hours ago
Experts and stakeholders in Nigeria’s payment industry have called for concerted efforts to mitigate the growing menace of digital frauds.
3 hours ago
League Management Company’s (LMC) quest to raise the profile of Nigerian Professional Football League (NPFL) got a boost, yesterday, when Bitnob, a financial services company anchored on bitcoin network, agreed on a three-year sponsorship deal, which makes it the Elite sponsor of the league.