Business

A roundtable by the Small and Medium Enterprises Development Agency in Nigeria, SMEDAN, recently in Abuja.

L-R: Programme Director, Global Initiative for Peace, Love and Care, Haruna Awa, Business Developer, Afe Global Development Foundation, Jones Ufot and Founder, AGDF, Elvis Orejobi during a roundtable by the Small and Medium Enterprises Development Agency in Nigeria, SMEDAN, recently in Abuja.< [...]

Sun, 21 February 2016


Helpline Foundations to train widows in agric

Helpline Foundation has disclosed plans to engage widows in agriculture, as part of the foundation’s empowerment and self-sufficiency program.

Founder of the foundation, Jumai Ahmadu, disclosed this during the routine presentation of several household items, including food and clothing to [...]

Sun, 21 February 2016


NDIC’s 2016 budget defence before the House Committee on Insurance and Actuarial Matters.

The MD/CEO, Nigeria Deposit Insurance Corporation, NDIC, Alhaji Umaru Ibrahim (centre), assisted by Executive Director Operations, Prince Aghatise Erediauwa (R) and Director Finance, Ms. Diana Okonta (L) making presentation during the NDIC's 2016 budget defence before the House Committee o [...]

Sun, 14 February 2016


‎Electricity deserves proper pricing - NERC

As the latest tariff increase by the Nigerian Electricity Regulatory Commission, NERC, continues to generate intense debate and protest, the Acting Chief Executive Officer of the commission, Dr Anthony Akah, says electricity must be properly priced.

Akah, who made his view on the tariff increas [...]

Sun, 14 February 2016


Nigeria, Japan seal N2.17bn power supply deal

The Federal Government has signed N2.17bn ($11million) deal with the Japanese Government for an emergency improvement of electricity supply facilities around Abuja.

Minister of Budget and National Planning, Udoma Udo Udoma, who signed on behalf of the Nigerian government, said the electricity s [...]

Sun, 14 February 2016


CBN justifies investment in real sector

The Central Bank of Nigeria has given reasons for its several interventions in the real sector of the economy, saying ‘Central banking’s responsibilities, now transcends the orthodox responsibilities of monetary activities to developmental activities.’

Defending the over N1.3t [...]

Sun, 14 February 2016


Nigeria’s teledensity drops by 0.79%

Nigeria has witnessed a 0.79percent drop in its teledensity in December 2015, resulting from the visible drop in the number of active customers in the nation’s telecommunications industry.

According to the latest Monthly Subscriber Data from the Nigerian Communications Commission, NCC, th [...]

Sun, 14 February 2016


When Bankers’ c’ttee blacklisted forex for fees, medical bills

Worried about the increased demand for foreign exchange for payment of schools fees and medical bills abroad, the Central Bank of Nigeria and commercial banks in the country have said they would no longer issue forex for such demands.

The latest decision which brings the list of prohibited item [...]

Sun, 14 February 2016


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