The Central Bank of Nigeria (CBN) has revealed that banks in Nigeria have invested N24, 747,680,647.11 billion in Small and Medium Enterprises Equity Investment scheme (SMEEIS) as at April 25, 2008.
Controller of the Ilorin branch of the Central Bank of Nigeria (CBN), Mr Onoriode Olotewo has said any person caught selling Nigerian currency or mutilating it will be liable to six months imprisonment .
Federal Government has lost over $541 million from oil revenue following the 100 percent total shut down of production line of Mobil Producing Nigeria (MPN), a subsidiary of ExxonMobil as the strike action embarked upon by its workers. Similarly, Akwa
Minister and deputy chairman, National Planning Commission, Senator Sanusi Daggash has said that Nigeria requires about $120 billion to achieve steady and uninterrupted power supply by the year 2020.
The director of information and communication in the Bureau of Public Enterprises (BPE), Mr. Benjamin Dikki, has revealed that the postal policy and new postal legislation are near completion after both documents were subjected to extensive stakeholder sensitisation.
Abuja Municipal Area Council (AMAC) Chief Revenue Officer, Mr. Sunday Azazi, has called for the prompt payment of revenue to the council's revenue department.
In order to smoothen the recapitalisation of operators in the capital market, the Securities and Exchange Commission (SEC) has secured from the Corporate Affairs Commission (CAC), a waiver of fifty per cent of the filling fees, payable by existing capital
Production capacity and improve the technical manpower in the oil subsector,the federal government yesterday announced a renewal of the contract for the technical backup services for the three refineries in Kaduna, Warri and Porthacourt.
Nasarawa State commissioner for information and orientation, Alh. Abdullahi Mustapha has denied allegations that contractors handling the over N16billion road projects across the state have abandoned the projects.
Senate Committee probing the activities of the FCT Administration yesterday discovered that the N11. 5 billion contract for the provision of infrastructural facilities in Karshi, FCT, were awarded without a project design.
Congestion witnessed at the Lagos ports means any plan to shift the import/export business from the crowded Apapa port town will be a welcome one. This is exactly what the management of Lekki Port Enterprises have in the pipeline for
Chief Emeka Anyaoku, the former Commonwealth Secretary-General, said yesterday in Abuja that Nigeria had lessons to learn from Malaysia. "We have important lessons to learn on how Malaysia leap-frogged the different stages of economic development," Anyaoku said at the inauguration
Sean Moroney, Chairman of Aitec Africa has commended Nigeria for the dramatic transformation of its financial sector, which he described as probably unprecedented in its scale and impact, compared with anywhere in the world.
The member representing Nembe Constituency III, in Bayelsa State House of Assembly, Chief otobo Noah Opusiri, has again called on ministers of the gospel in the Niger Delta region to spare out quality time to pray for peace in the
Council for the Registration of Engineering in Nigeria (COREN), has tasked All purpose Shelter Limited, developers of Wuye Ultra Modern Market in Abuja, to comply with the approved building standard by the regulatory body.
Federal government has introduced a new tariff regime for electricity consumption in the country with effect from July 1.To cushion the effect of the Multi-Year Tariff Order (MYTO), however, the government has budgeted N177.95 billion to subsidise electricity consumption for
Industrial and General Insurance Plc (IGI) has acquired 35 per cent majority stake in Society Nouvelle d'Assurance du Rwanda (SONARWA), which is Rwanda's biggest insurance company. The stake is worth $4 million.
