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The Minister of Aviation, Princess Stella Oduah has mandated agencies under the ministry to automate all revenue collection process. Oduah said the move was necessary to curb the huge losses the ministry has incurred as a result of the leakages inheren...
The Central Bank of Nigeria (CBN) has said it would mop up about N143 billion from circulation next week Thursday through treasury bills. The apex bank said it would issue N142.97 billion in treasury bills ranging from 3-month to 1-year maturities at i...
The Nigeria Stock exchange (NSE) index rose to one year high yesterday, lifted largely by gains in food and household products maker Nestle, which has risen for 13 consecutive days on strong dividends. Nigeria, Africa’s second biggest index, has ...
The World Bank has budgeted 300 million dollars for Youth Employment and Social Support Operation (YESSO) scheme in Nigeria, Marie-Francoise Mariel-Nelly, Country Director of the World Bank in Nigeria said. Mariel-Nelly made the statement in Abuja on T...
The Central Bank of Nigeria (CBN) says it is discussing its proposed currency restructuring policy with the Senate. Mr Ugochukwu Okoraofor , the CBN Director of Corporate Communications, disclosed this in an interview with the News Agency of Nige...
Arik Air has said it would begin scheduled commercial flights between Lagos, Nigeria and Douala, Cameroon. The first commercial flight on the new route will begin on Thursday, August 30 and subsequently operate three times weekly on Tuesdays, Thursdays...
A national study will be carried out on the extent of demand for power supply in the country, the Minister of Power, Prof. Barth Nnaji, has said. Nnaji said this in Asaba on Saturday at the end of a two-day t...
Etisalat Nigeria says it has launched a 35,000-dollar prize for innovation in mobile broadband product or service in Africa. A statement by Mr Steven Evans, the company's Chief Executive Officer, made available to the News Agency of Nigeria (N...
Some experts have expressed mixed reactions to plans by the Central Bank of Nigeria (CBN) to introduce N5,000 note in 2013. They expressed their views in separate interviews with the News Agency of Nigeria (NAN) in Lagos on Friday. An e...
The Volume of shares traded on the Nigerian Stock Exchange (NSE) on Thursday dipped by 47.45 per cent as investors await the Federal Government's promised intervention. The market's daily turnover fell by 194.87 million shares as investors boug...
Rice producers of Talata Mafara in Zamfara have shut down their business following an increase in electricity tariff, the News Agency of Nigeria (NAN ) reports. Speaking with NAN in Talata Mafara, the local government...
The Federal Government has approved 300 million dollars as counterpart funding for the construction of the Zungeru hydroelectric plant in Niger, President Goodluck Jonathan said on Thursday in Abuja. Jonathan, who was represented by Vice President...
The World Bank has warned that Rwanda's economic growth could be hurt by external risks like low commodity and mineral prices; and the Euro Zone finance crisis. Rwanda has so far emerged unscathed posting very impressive growth rates ...
The Central Bank of Nigeria (CBN) says it is conducting an assessment of the ‘Cash-Less Lagos’ scheme, to determine when to introduce it in other states of the federation. The Director, Banking and Payments System Dep...
Mrs Mofoluke Dosunmu, Executive Director, Finance and Operations, Assets Management Corporation of Nigeria (AMCON), on Tuesday said that the bridged banks have earned the confidence of the investing public. The bridged banks, namely: Keystone Ba...