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...
Fix sanitation; fix diseases is how experts have summed up the need for a clean environment and good personal hygiene so as to stop the transmission of communicable diseases, writes WINIFRED OGBEBO. The cliché that cleanliness is nex...
While 2012 was set as a deadline for Nigeria to eradicate the wild polio virus, the country has continued to witness upsurge in the virus with 56 cases already reported . In this interview with WINIFRED OGBEBO, Dr Abdullah...
Health workers in the field of Medical Laboratory Science have been called upon to avoid strike action in the course of their duties and to avoid dabbling in politics in the name of unionism. The minister of Health, Prof. Onyebuchi Chukwu gave this adv...
As part of the multi-dimensional approach towards fighting drug counterfeiting, the National Agency for Food and Drug Administration and Control (NAFDAC), has decided to deploy some regulatory officers to man the new Mega Drug Distribution Centers buil...
The National Agency for the Control of AIDS (NACA) through the support of the Global Fund grant atthe weekend handed over the last 6 of 28 vehicles for community services against HIV/AIDS, Tuberculosis and Malaria. The agency said its part of intensifi...
Human rights activist and lawyer, Mr. Femi Falana, in this interview with PAUL DADA, x-rays the recent nationwide strike by the organised labour and vouches for the integrity of labour leaders just as he explains the wider implications of the fuel hike...
These are not the best of times for the country. The spate of bombings for which the Boko Haram Islamist sect has claimed responsibility has set the nation on the edge. The fabrics of unity, harmony and corporate co-existence of the c...