Rogue groups in several nations are engaging in cyber warfare, targeting financial and high level technological assets. These attacks create panic in the world financial capitals as they take down websites, infiltrate computers and steal corporate and ...
President Goodluck Jonathan, has appointed Engr. Kenneth Achugbu, as the new chief executive officer of the Rural Electrification Agenda (REA). The REA was established in 2006 following the passage into law of the Electric Power Sector Reform Act 2005,...
The country’s interbank lending rates; the rate at which banks lend funds to one another rose last Friday to an average of 14.25 per cent from 14 per cent on Tuesday as foreign exchange purchases and other dealings drained liquidity from the syst...
Bank customers will not incur charges for using Point of Sale (PoS) machines, the Central Bank of Nigeria (CBN) has said. The regulator in a statement assured that the cost of such deals would be borne by merchants, which would pay 1.25 per cent of the...
During the labour protest recently, varying figures were given by government agencies as amount the economy lost. The protest, analysts believed were hugely successful because lots of Nigerians were not employed and so were ready tools at the hands of ...
The local currency - naira firmed against the U.S dollar on the interbank market on Friday to its highest level in 18 days after state-owned energy company, Nigerian National Petroleum Corporation (NNPC) sold about $550 million to some lenders, providi...
Another winner has emerged in the United Bank for Africa (UBA) Plc ongoing UBA Lion King Savings Rewards Promo. Osagie Abiodun, a customer in its Abuja main branch became the fourth star prize winner with a cash reward of ...
As the Central Bank of Nigeria (CBN) is working to improve the payment system, the expectation is that the resultant reduction in the cost of doing business for the banks should conversely lead to a drop in the cost of funds, writes Stanley Orons...
Chris Ugwu in this write-up examines how market forces helped to keep afloat the capital market during the recent nationwide strike over fuel subsidy removal. Although profitable transactions pervaded the stock market activities during the one we...
To ensure transparency in demutualisation process of the Nigerian Stock Exchange(NSE),an expert in the workings of the capital market has called on the regulators to ensure that dealing members were taken into consideration in policy formulation that w...
The seaport is the economic gateway to every non-land-locked nation. SAMSON ECHENIM, in this report, presents an analysis of the impact of the eight-day nationwide strike by organised labour and civil society organisations on the nation’s seaport...
Adegbamigbe Omole is the Chairman of the Ikeja Branch of the Lagos State Chapter of the Nigerian Bar Association. He also runs legal chambers, Kings Gate Solicitors located at Budland Street, Ojodu, Ikeja, Lagos.He speaks to Paul Dada on the need for e...
Nigeria’s recent political and civil unrest is damaging the economy and forcing investors to reassess their take over the short-term returns available here and elsewhere in Africa. Stock and bond investors started looking seriously at sub-Saharan...
The Federal Government has given the special Petroleum Industry Bill (PIB) task force 30 working days to produce a new draft bill for presentation to the National Assembly. The charge was given by the Minister of Petroleum Resources, Mrs. Diezani Aliso...
Trading activities on the Nigerian Stocks Exchange (NSE) yesterday closed in the red as market capitalisation of equities depreciated by N27 billion to close at N6.590 trillion, while the key benchmark indices dropped 84.67 basis points or 0.40 per cen...