The global community can help poor countries weather the current slowdown in the world economy by keeping trade flowing, encouraging investment and making good on aid promises, the head of the International Monetary Fund said yesterday. IMF Managing Di...
The National Automotive Council (NAC) said that the bulk of Nigeria resources were expended annually on importation of vehicles into the country. The Director - General of NAC, Aminu Jalal,made this disclosure recently when he received in audienc...
Leading telecoms operator, Globacom, and global airtime remittance hub, TransferTo, have announced the launch of Glo Mobile International Airtime Transfer service. The service enables the transfer of small amounts of money, in the form of prepaid airti...
There are strong indications that Deposit Money Banks may reduce lending to firms polluting the environment.The Bankers’ Committee is currently in partnership with the Central Bank of Nigeria to work out a framework that would assist DMBs t...
As part of its resolve to treat every customer as unique, Sterling Bank is partnering with Phebean Films in collaboration with Paradise Entertainment, Davis Media Group and Tracey Moore bring to the viewing public ‘The Spirited Actor” The S...
Activities on the floor of the Nigerian Stock Market yesterday further plummeted by N55 billion. Market analysts attributed the downward slide to the hike in the monetary policy rate. The Central Bank of Nigeria, had on Monday increased the inter...
Barring last minute changes, the gubernatorial election petition tribunal sitting in Katsina will adopt written addresses of lawyers in the petition filed by former speaker of House of Representatives, Aminu Bello Masari, challenging the election of Go...
Disruptions to BlackBerry services spread to Latin America yesterday, more than a day after users in Europe, the Middle East, Africa and India suffered extended outages. BlackBerry maker, Research In Motion Ltd, which is losing share of the corporate e...
It’s normal to demand pilgrimage seats – Dep Speaker, A serving sole administrator in one of the 23 local governments of Kaduna State has raised the alarm over the alleged extortion of monthly allocation by the members of the Kaduna State A...
The Economic and Financial Crimes Commission, EFCC, today, arraigned former governor of Oyo State, Otunba Adebayo Alao-Akala, and two other persons; Senator Hosea Ayoola Agboola and Mr. Olufemi Ademola Babalola, a private businessman before Justice Mos...
Alhaji Abdullahi Mukhtar, Commissioner of Operations, National Hajj Commission, has announced that two Nigerian pilgrims have died so far during this year's hajj in Saudi Arabia. Mukhtar told newsmen on Monday in Abuja that one of the ...
The Nigerian National Petroleum Corporation (NNPC) has debunked insinuations that a nationwide blackout was imminent due to shutdown of some gas plants in the country. The views of NNPC is contained in a statement issued by Dr Levi Ajuonu...
The naira continued its slide yesterday as the Central Bank of Nigeria (CBN) sold $400 million at 156.91 naira to the dollar at its bi-weekly foreign exchange auction. This was short of the $736.94 million demanded by authorized dealers. Pronouncements...
Say it will remove distortions, rent-seeking from economy - The proposed removal of fuel subsidy by the Federal Government has been applauded by local and international analysts, saying the move, if ratified by the National Assembly will reduce distort...
Nigeria lost N153 billion to low capacity utilisation in the paper sector between 2006 and 2009 says Prof. Peter Onwualu, Director-General, Raw Materials Research and Development Council (RMRDC). Onwualu told the News Agency of Nigeria (NAN) on Monday ...