Although the naira remained steady at the Wholesale Dutch Auction System (WDAS) yesterday, the currency weakened against the United States dollar at the interbank market after the central bank failed to meet all foreign exchange demand at its official ...
Managing Director and Chief Executive Officer of Enterprise Bank Limited (EBL), Ahmed Kuru, discussed the workings of the bridge bank and its future with Business Editors. Blessing Anaro was there. Excerpt As a bridge bank, are you expected to bu...
The Central Bank of Nigeria(CBN) has said that banks operating within the Federal Capital Territory recorded a 74.16 per cent fall in cheque transactions within a period of one year. Giving the figure at the weekend in Abuja, the Branch Controller, CBN...
Nkem Osuagwu takes a look at some issues highlighted by the Bilateral Air Services Agreement dispute between Nigeria and the United Kingdom. Though the controversy over what some people have referred to as the lopsided implementation of Bilatera...
To an observer, it would seem that the NNPC mega station along Argungu Road, Birnin Kebbi, Kebbi State has been taken over by shylock kerosene dealers. Kebbi State, like any other in the country, is supplied with the commodity for the benefit of ...
The National Association of Academic Technologists (NAAT) has cautioned the Federal Government not to be confrontational with the organised labour over agitations on fuel subsidy removal, increase in electricity tariff, full implementation of the 2009 ...
Senior Staff Association of Nigerian Universities (SSANU) has described as unacceptable Federal Government’s plan to re-introduce toll gates on Nigeria roads. This was the resolution of the union after it National Executive Council (NEC) meeting ...
The National Union of Local Government Employees (NULGE) yesterday called on President Goodluck Jonathan to revisit the withdrawal of subsidy on fertiliser and the planned fuel subsidy removal. National President of NULGE, Comrade Ibrahim Khaleel who s...
As a way of addressing the over 16 million housing deficit, social housing has been seen as a ready solution to the problem by experts, through public private partnership(PPP). Data have shown that more than 70 per cent of the urban population in the c...
The Federal Government yesterday disclosed its desire to become the world’s largest producer of Liquefied Natural Gas (LNG) by increasing production capacity from the current levels by five times. The government’s intention, according to th...
Agriculture used to generate about 60 per cent of Nigeria’s labour force. A mainstay of most nations, it is said that any country that cannot feed itself is an impoverished land. Countries like Somali, Sudan and others are sustained by the United...
Prominent Nigerians and eminent maritime stakeholders are to converge in Uyo, Akwa Ibom State from Monday 5 to 9, December for the 2011 Maritime Summit, which would be hosted by the Nigerian Ports Consultative Council (NPCC)in collaboration...
Nigeria’s seaport leading concessionaire, APM Terminals (APMT) has been condemned by agents and freight forwarders operating at the Apapa Port for alleged deliberate plan to hinder importation businesses at the port. Agents, who spoke to LE...
The Nigerian Communications Commission (NCC) has denied fixing December 31, 2011 as deadline for Subscriber Identification Module (SIM) card registration saying until the ongoing harmonisation between operators and the regulator was completed, th...
Naira appreciated by N1.05 at the official bi-weekly auction yesterday as the Central Bank of Nigeria (CBN) supplied all $200 million demanded at the official window, to close at N156.31. The currency however weakened against the dollar at the interban...