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Thirty-four ships laden with various food items and 17 others carrying petroleum products have arrived at Lagos ports. Also, 70 others carrying various cargoes, including fish, rice, bulk salt, sugar, old and new vehicles, petroleum products and genera...
The Debt Management Office (DMO) is offering for sale Federal Government bonds worth N83.91 billion, the News Agency of Nigeria (NAN) reports. The DMO, which posted details of the bonds on its Website, said the bids for the bonds opened on Wednes...
Minister of State for Finance Yerima Ngama said on Wednesday that the Federal Government had spent N518 billion so far on fuel subsidy out of the N888 billion appropriated in the 2012 budget. The Minister disclosed this to the State House Corresp...
President Goodluck Jonathan says Nigeria is open to greater investment by Austrians in critical sectors of the economy, including power generation. The President said on Thursday during an audience with the Vice Chancellor and Foreign Minister of Austr...
Ninety-one ships carrying various consignments of goods are expected to berth at Lagos ports from Tuesday. The Shipping Position, a document of the Nigerian Port Authority (NPA), released in Lagos on Tuesday indicated that 22 of the ships were carrying...
The delay in the release of funds to the three tiers of government by the Federation Account Allocation Committee (FAAC) has further worsened the liquidity situation in the financial system, further increasing inter-bank lending rates last ...
Nigeria’s foreign exchange reserves rose to their highest in 21-months to $37.02 billion by May 14, from $36.66 billion at the end of last month, the latest figures from the central bank showed yesterday. Forex reserves in Africa’s biggest ...
The Nigerian Airspace Management Agency (NAMA) said it has increased its revenue generation from the current level of about N12 billion per year to N18bn next year due to the functioning of the Total Radar Coverage of Nigeria Airspace (TRACON) commissi...
The House of Representatives Ad hoc Committee on Capital Market has queried Ms Arunma Oteh, the Director-General of the Securities and Exchange Commission (SEC), for approving Access bank's acquisition of Intercontinental bank. Rep. Ibrahim El-Sudi...
Nigeria is to receive a 285 million dollars assistance from the Clean Technology Fund (CTF), a global funding agency, to support electricity supply and urban mass transportation. The fund is being provided by the CTF) under its Scalin...
The National Association of Micro finance Banks (NAMB) said on Wednesday in Abuja that microfinance banks improved the country’s Gross Domestic Product (GDP) by 3 per cent in 2011. Alhaji Kabir Yar’adua, NAMB's Executive Secretary, said...
Minister of Finance and the Coordinating Minister of the Economy, Mrs Ngozi Okonjo-Iweala and the Minister of Trade and Investment Olusegun Aganga for the third time yesterday failed to appear before the Senate Committee on Investment to explain ...
Some financial experts on Monday expressed worry over the regular delay in releasing budgetary allocations to the federal ministries, departments and agencies (MDAs). They said, in separate interviews with the News Agency of Nigeria (NAN) in Lago...
Some financial experts on Sunday attributed the rising unemployment rate in the country to poor corporate governance. They agreed, in separate interviews with the News Agency of Nigeria (NAN) in Lagos, that sound corporate governance was a veritable to...
Managing Director of Unity Bank, Ado Wanka, said in Kaduna on Saturday that the insecurity in the country was hampering business growth. Wanka, who was represented by a director in the bank, Alhaji Gimba Hassan, made the statement at an event to ...