Tuesday 19th September 2017,
Hope for Nigeria
CBN Head Office

CBN Seeks Implementation of Treasury Single Account

Obinna Chima     The Central Bank of Nigeria (CBN) has called for an urgent implementation of the Treasury Single Account (TSA) in order to properly manage the country’s revenue. The CBN stated this in a communiqué at the end [...]

November 22, 2013 Finance
CBN to Extend Cashless Policy Nationwide Before June Tunde-Lemo

CBN to Extend Cashless Policy Nationwide Before June

Obinna Chima   The Central Bank of Nigeria (CBN) yesterday disclosed plans to extend the cashless policy to other states in the country before June 2014. The Deputy Governor (Operations), CBN, Mr. Tunde Lemo, revealed this Thursday in an interview [...]

November 22, 2013 Finance
Sanusi-Lamido-Sanusi

FG Generated N2.716 Trillion in Q3

Obinna Chima     The total revenue generated by the federal government in the third quarter of 2013 stood at N2.716 trillion, a report by the Central Bank of Nigeria (CBN) has shown. The central bank’s economic report for the [...]

November 22, 2013 Finance
Farewell ceremonies ended last Thursday for an

A wake-up call for Nigeria’s elite

BY YEMI ADAMOLEKUN Farewell ceremonies ended last Thursday for another one of us. Deji Falae was the son of a former Minister of Finance, Secretary to the Federal Government and Presidential Aspirant. He got actively involved in Ondo State politics [...]

November 22, 2013 Incidents
Over One Million Litres of Fuel Now Moved Daily by Rail

Over One Million Litres of Fuel Now Moved Daily by Rail

By Senator Iroegbu The Federal Government has said the ongoing reforms in the transport and other sectors of the economy are yielding positive results, especially in the rail sector where over one million litres of fuel are being transported on [...]

November 21, 2013 Oil & Gas
President-Goodluck-Jonathan

Investment in telecoms now $25bn –Jonathan

Investment in the Nigerian telecommunications in the past 12 years is now worth $25bn, President Goodluck Jonathan has said. Jonathan said this at the Nigerian Investment Forum organised at the Royal Pavilion, Impact Exhibition and Convention Centre, Bangkok, Thailand, on [...]

November 21, 2013 Telecomms
JTF Raids Insurgents Hideout, Kills Two, Recovers Weapons of War

JTF Raids Insurgents Hideout, Kills Two, Recovers Weapons of War

The Joint Military Taskforce Tuesday morning conducted a raid on the insurgent hideout located at Gayawa village , Ungogo local Government area of Kano State culminating in the death of two suspected gunmen. The combat operation which lasted about one [...]

November 20, 2013 Military
Jonathan Goodluck

Nigeria’s President To Meet With Investors In London

President Goodluck Jonathan will be visiting the United Kingdom on Wednesday for a three-day meeting with foreign investors.   The meeting is aimed at attracting more investments to Nigeria.   Issues that would be discussed at the meeting of Nigeria’s [...]

November 20, 2013 Business
goodluck jonathan happy birthday

Happy Birthday President Goodluck Jonathan

Today November 20th is President Goodluck Ebele Jonathan's birthday.He was born on the 20th of November 1957. Goodluck Jonathan who holds a Ph.D in Hydrobiology and Fisheries Biology, and Zoology respectively from the University of Port Harcourt is married to [...]

November 20, 2013 General
Multiple Explosion And Gun Battle Rock Kano

Multiple Explosion And Gun Battle Rock Kano

Reports have it that Multiple explosions and sporadic gunshots has left Gayawa village, Ungogo Local Government area of Kano state in a state of chaos on Tuesday morning. According to an eyewitness report, “The early morning military raid lasted for [...]

November 19, 2013 Incidents
Tunde-Lemo

MSMEs Solution to unemployment – CBN boss

By Kingsley Adegboye Deputy Governor, Operations, Central Bank of Nigeria (CBN), Mr. Tunde Lemo has said Micro, Small and Medium Scale Enterprises (MSMEs) is the solution to the upward trend of unemployment in the country, saying MSMEs provides a platform [...]

November 19, 2013 Business
‘Retail market attracted N205.4bn investment in two years’

‘Retail market attracted N205.4bn investment in two years’

Nigeria has attracted investment of about N205.4bn ($1.3bn) into the retail sector in the last two years, the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, has said. Aganga spoke during the inauguration of the Retail Council of Nigeria, [...]

November 19, 2013 Business
Nigeria Plan Sale of Four State-Owned Oil Refineries

Nigeria Plan Sale of Four State-Owned Oil Refineries Next Year

By Elisha Bala-Gbogbo Nigeria, Africa’s largest oil producer, plans to begin privatizing its four state-owned oil refineries before the end of the first quarter, Petroleum Minister Diezani Alison-Madueke said. “We would like to see major infrastructural entities such as refineries moving out [...]

November 19, 2013 Oil & Gas
Chaos In Ikota, Lagos, As Trailer Crushes Children

Trailer Crushes Children – Ikota

It is not known for sure how many children have suffered, different resources provide different information: some claim 3 children lives, some – 4, and some even 5. The tragedy occurred close to Ikota Primary School. The deceased pupils are [...]

November 18, 2013 Incidents
Africa-Brief-Pharmaceutical-firms-Malawian-donor-aid-fuel-pipeline-and-more-600x200

HOW TO GET INVOLVED WITH THE MINING INDUSTRY IN NIGERIA Part II

For Part I Click Here BETTING ON NIGERIA   The Giant Heart of Africa For long.West Africa has been a destination of choice for mining executives the world over, with countries like Burkina Faso,Ghana,Ivory Coast and Niger being actively explored [...]

November 18, 2013 Key sectors
HOW TO GET INVOLVED WITH THE MINING INDUSTRY IN NIGERIAPart I

HOW TO GET INVOLVED WITH THE MINING INDUSTRY IN NIGERIA Part I

The Nigerian Opportunity: Going for Gold, But the future holds a lot more. Nigeria today is in a wave of market reforms in many segments of its Economy including the privatization of government-owned companies and mining assets. After years of [...]

November 18, 2013 Key sectors
Nigerian Economy Expands 6.81% in Third Quarter on Oil

Nigerian Economy Expands 6.81% in Third Quarter on Oil

Nigeria’s economic growth quickened in the third quarter as the oil industry’s contraction eased and agricultural output increased. Gross domestic product rose 6.81 percent on an annual basis, the fastest pace this year, compared with 6.18 percent in the second quarter, [...]

November 18, 2013 Oil & Gas
Russia plane crash leaves 50 dead

Russia plane crash leaves 50 dead

A Boeing 737 jetliner crashed and burst into flames Sunday night while trying to land at the airport in the Russian city of Kazan, killing all 50 people aboard in the latest of a string of deadly crashes across the [...]

November 18, 2013 General
Conoys in Nigeria

This madness in the name of convoys

The convoy was intimidating, People scampered for safety, other road users veered off the road in what looked like a scene in Hollywood movies, if you thought it was a war scene, you were wrong.  Because making use of that [...]

November 17, 2013 Incidents
Ethiopia coach congratulates Nigeria for World Cup spot

Ethiopia coach congratulates Nigeria for World Cup spot

Ethiopia coach Sewnet Bishaw congratulated Nigeria national football team for reaching the 2014 World Cup in Brazil, believing the Super Eagles showed class and experience to overcome his team.   Nigeria booked their place in the 2014 World Cup finals [...]

November 17, 2013 Sports
Anambra-Dunukofia

Anambra Elections: Accreditation of voters in progress

By Tony Edike UKPO DUNUKOFIA –  Accreditation of voters for the Anambra governorship election commenced at most polling centres in Awka South, Njikoka and Dunukofia local government areas a early as 8.10 am. Many anxious  voters  were  seen on queue [...]

November 16, 2013 General
INEC-materials

INEC releases names, contacts of officials for Anambra Poll

The Independent Electoral Commission,INEC,  has released the names and contacts of its officials namely, the Resident Electoral Commissioner, Electoral officers, EOs for today’s Anambra governorship election. Resident Electoral Commissioner (REC), Prof. (Pastor) C. E. Onukaogu 08034001141; Administrative Secretary, INEC, Mr. [...]

November 16, 2013 General
Saheed Adepoju Inye

Nigeria’s Saheed Adepoju is a young man with big dreams. He is the inventor of the Inye

  Nigeria's Saheed Adepoju is a young man with big dreams. He is the inventor of the Inye, a tablet computer designed for the African market. According to the 29-year-old entrepreneur, his machine's key selling point is its price – [...]

November 15, 2013 Technology
SEC Promises Effective Regulation of Private Equity Firms

SEC Promises Effective Regulation of Private Equity Firms

Eromosele Abiodun As part of efforts to perform its investor protection mandate, the Securities and Exchange Commission (SEC) Thursday promised to effectively regulate the private equity/hedge funds space in line with global best practices. Speaking at a seminar on private [...]

November 15, 2013 Finance
Frank-Nweke-Jnr

UN, NESG Harp on Agriculture Development

The United Nations (UN) and the Nigerian Economic Summit Group (NESG) have stressed the need for government as well as the private sector to take decisive measures towards developing the agricultural sector.   As a follow up on the recently [...]

November 15, 2013 Agriculture
ASUU leaders chase Kogi gov away from hospital

ASUU leaders chase Kogi gov away from hospital

Angry leaders of the Academic Staff Union of Universities allegedly chased away the Governor of Kogi State, Captain Idris Wada (retd.) from the emergency ward of the  Lokoja General Hospital on Tuesday. Wada had gone to the hospital  to visit [...]

November 14, 2013 Incidents
Bayelsa State Governor

Bayelsa plans partnership to create 30,000 jobs

Bayelsa State Government in partnership with the Organized Private Sector, is planning to create about 30,000 jobs in oil and gas and other sectors of the economy. To realise this, the government has initiated a bilateral agreement with a United [...]

November 14, 2013 Government and politics
World-Bank-Country-Director-for-Nigeria-Ms-Marie-Francoise-Marie-Nelly

World Bank to spend $1.4bn on power transmission

BY EVEREST AMAEFULE   The World Bank will, in the next three years, spend about $1.4bn on the nation’s power industry, especially on transmission infrastructure. The World Bank Country Director for Nigeria, Marie-Francoise Marie-Nelly, stated this in an interview with [...]

November 14, 2013 Power
Lamido Sanusi

Revive market for commercial papers market – Sanusi charges FMDQ

GOVERNOR, Central Bank of Nigeria (CBN), Mallam Lamido Sanusi has called on the board of the Financial Market Dealers Quote to revive the market for commercial papers in Nigeria. Commercial papers are unsecured promissory notes  with a fixed maturity of  [...]

November 14, 2013 Finance, Real Estate
NEPAD Advocates Increased Development in Cassava

NEPAD Advocates Increased Development in Cassava Value Chain

By Biyi Adedapo The New Partnership for African Development (NEPAD) has advocated increased development of the cassava production in Nigeria, in order to enhance the cassava value chain. Chairman NEPAD Business Group Nigeria (NBGN), Mr. Chris Ezeh, made the call [...]

November 14, 2013 Agriculture
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