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Mortgage refinance company to reduce lending rate
The Federal Government’s Nigeria Mortgage Refinance Company will reduce the interest rate on mortgage loans by commercial banks to about 13 per cent from between 18 and 22 per cent, the Mortgage...
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156 companies used fake tax certificates for govt contracts – ICPC
FORMER CHIEF JUSTICE OF NIGERIA, JUSTICE MOHAMMED UWAIS (L), WITH FORMER ICPC CHAIRMAN, JUSTICE MUSTAPHA AKANBI, AT A SPECIAL SESSION OF THE SUPREME COURT TO MARK THE COMMENCEMENT OF THE LEGAL YEAR IN...
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FirstBank attains ISO22301 Certification on Business Continuity Management
In further demonstration of its leadership position in the Nigerian banking industry, First Bank of Nigeria Ltd has once again achieved yet another milestone by being the first banking institution in...
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CAC aims to register companies within two hours
The Registrar-General of the Corporate Affairs Commission (CAC), Bello Mahmud, said on Saturday in Abuja that the CAC’s goal was to be able to register companies within two hours, anywhere in Nigeria....
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Why ports are not working — ICPC
The port sector is crucial to the country in view of the role it plays as the gateway to the world. There have been steps to reform the sector to increase its competitiveness. These steps include the...
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Oil revenue: Audit firm submits report
As agencies involved in oil revenue remittance meet the Central Bank of Nigeria (CBN) this week, an international audit firm, PriceWaterCooper, contracted to reconcile the accounts of the Nigerian...
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Court dismisses suit by IPMAN faction
OFFICIALS OF A PETROL STATION ADJUSTING THEIR METER TO ACCOMMODATE THE NEW PUMP PRICE IN ABUJA A Federal High Court sitting in Benin Friday dismissed a suit filed by factional members of the...
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IKEDC sacks over 6,000 PHCN staff, distributes crazy bills
The successor company of Ikeja Zone of the defunct Power Holding Company of Nigeria (Ikeja Disco), now known as Ikeja Electricity Distribution Company(IKEDC), may have sacked over 6,000 employee of the...
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Why Savannah Bank can’t take off
Central Bank of Nigeria headquarters There are strong indications that Savannah Bank Plc whose banking licence has been returned to the owners by the Central Bank of Nigeria (CBN) following a court...
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FG to save N505bn from Sugar Importation
FROM LEFT: SECRETARY-GENERAL, D-8 ORGANISATION OF ECONOMIC COOPERATION, DR SEYED MOUSAVI; MINISTER OF TRADE AND INVESTMENT, DR OLUSEGUN AGANGA AND CHAIRMAN, D-8TECHNICAL COMMITTEE, MR DAUDA KIGBU, AT...
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Sattrak boss advocates telematics for fleet management
FROM LEFT: FRSC ZONAL COMMANDER, COMFORT UWADOKA; BAUCHI STATE COMMISSIONER FOR SPECIAL DUTIES, ALHAJI BAPPAH AZARE; AND BAUCHI STATE SECTOR COMMANDER, MR HENRY OLATUNJI, AFTER DECORATING THE...
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NSE ASI up by 0.24% in 5 days
The NSE All-Share Index, ASI, was up by 93.44 points or 0.24 percent within five days to close last Friday at 38,831.59 basis points as against the previous week’s closing figure of 38,738.15 basis...
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FG creates 130,000 new jobs under SURE-P- Agawai
The Federal Government has created 130, 000 new jobs under the SURE-P since its inauguration in February 2012. Deputy Chairman, SURE-P Fund, Gen. Martin Agwai (Rtd), stated this in Kaduna today in a...
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Chevron plans $35.8bn upstream spending for Nigeria, others
United States oil giant, Chevron Corporation has planned $35.8billion upstream spending in 2014 for major capital projects in Nigeria, Angola, Canada, Argentina, United Kingdom and the Republic of...
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Arguments as CBN confronts NNPC over missing $49.8
Attempt by the Federal Government to douse the tension generated by the claim by the Central Bank Governor, Sanusi Lamido Sanusi, that the sum of $49.8 billion had not been remitted by the Nigerian...
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Atlantic boss tasks indigenous oil coys on 30% output in 5 years
Mr. Scott Aitken, the co-chief executive officer of Atlantic Energy, has stated that the Nigerian independent companies would account for 30 per cent of the country’s daily production of crude oil in...
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EFCC has less than N2m in its account – Aremo
The Economic and Financial Crimes Commission (EFCC) on Monday in Abuja said it urgently needs capital injection for its continued operations. The Secretary of the Board of EFCC, Mr Emmanuel Aremo, said...
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$49.8 meant for the Nigerian treasury diverted by NNPC- CBN governor in a...
SaharaReporters has uncovered a document in which the Governor of the Central Bank of Nigeria (CBN) complained to President Goodluck Jonathan about the continuing refusal of the Nigerian National...
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Governor Ahmed presents 2014 budget to house of assembly
By Olarotimi Oshin The Kwara State Governor, Alhaji Abdulfatah Ahmed as today presented a budget of N124.5 billion for the 2014 fiscal year which represent a 28.5 per cent increase over 2013 budget of...
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Finally, Senate, House resolve oil benchmark impasse
After days of intense negotiations on the appropriate oil benchmark for 2014 budget, the conference committee of the National Assembly assigned to resolve the impasse has finally adopted $77.5 per...
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