Business

AfDB develops new approach to evaluate fragility in member countries

The African Development Bank, AfDB, said it has created and refined a new tool to assess fragility in member countries, while taking into account their capacities and pressures they may be under.

The new tool, the Country Resilience and Fragility Assessment, CRFA, offers a completely new method [...]

Fri, 14 September 2018


NDIC advocates stronger ethical standard in banking

The Nigeria Deposit Insurance Corporation, NDIC, has stressed the need for effective collaboration between regulators and operators in the banking system for the establishment of sound ethics and professionalism in the banking industry.

Managing Director and Chief Executive of the NDIC, Umaru I [...]

Fri, 14 September 2018


DisCos chide NERC, face regulatory duties

The Nigerian Electricity Regulatory Commission, NERC, have been asked to concentrate on cost under-recovery and other burning regulatory issues, rather than dissipate energy on activities of unions under its purview.

This advice was given by the Association of Nigerian Electricity Distributors, [...]

Fri, 14 September 2018


Salary arrears: FG bars states from Paris Club Refund

States with backlog of salaries arrears may be excluded from accessing the final tranche of $2.689 billion Paris Club Refund recently approved for the 36 States of the Federation.

The Federal Ministry of Finance had in a statement confirmed that the sum of $2.68billion was approved as final pay [...]

Fri, 14 September 2018


Minister justifies his employee’s appointment in World Bank project

The Minister of Industry, Trade and Investment, Okechukwu Enelamah, has absolved himself of any form of misconduct in the handling of the World Bank sponsored, Growth and Employment, GEM, Programme.

Enelamah was reacting to a petition by a federal lawmaker, Hon. Mark Gbillah, accusing him of di [...]

Fri, 14 September 2018


Investors may manage Abuja light rail - FCTA

The Federal Capital Territory Administration had revealed that a lot of investors are lto manage the Abuja light rail system which has just been completed.

Secretary in charge of transportation, Comrade Kayode Opeifa, disclosed this while briefing journalists in Beijing, China on the sidelines [...]

Sun, 09 September 2018


Forex: CBN injects $303m, CNY 46.58m into retail SMIS

The Central Bank of Nigeria (CBN), on Friday, injected the sum $303.91 million into the interbank retail Secondary Market Intervention Sales.

The bank, in a statement by its director, corporate communications, Isaac Okorafor, also announced the sale of CNY 46.58 million in the spot and short-te [...]

Sun, 09 September 2018


NIRSAL unveils improved insurance cover for farmers

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, NIRSAL, has developed a new insurance product aimed at safeguarding farmers against risks along the agricultural value chain.

The new product, the agency says is an improvement on its pioneering Area Yield Index Insurance [...]

Mon, 20 August 2018


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PhotoBUHARI ACCEPTS FINANCE MINISTER, KEMI ADEOSUN’S RESIGNATION

The following is an official statement from the Presidential Villa in Abuja  tonight

PRESIDENT BUHARI ACCEPTS RESIGNATION OF FINANCE MI [...]

14 September 2018

PhotoBUHARI ACCEPTS FINANCE MINISTER, KEMI ADEOSUN’S RESIGNATION

The following is an official statement from the Presidential Villa in Abuja  tonight

PRESIDENT BUHARI ACCEPTS RESIGNATION OF FINANCE MI [...]

14 September 2018