Central Bank of Nigeria (CBN) Governor Godwin Emefiele yesterday mandated commercial banks to lower their risk rating for Small and Medium Enterprises (SMEs) or lose Cash Reserves Ratio (CRR) refunds. He issued the warning in his keynote address at the…
THE Minister of Power, Works and Housing, Babatunde Raji Fashola, said the improved budgetary provisions, would empower the government’s effort to build more critical infrastructure that would convey gas to the power plant to add 2,000mw to the national grid…
The Nigerian Communications Commission, NCC, has defended its action to reduce the N1.04 trillion fine on MTN Nigeria to N780 billion, saying it acted in the interest of the stability of the telecom sector. The commission said it weighed all…
Electricity consumers in Abuja have accused the Abuja Electricity Distribution Company, AEDC, of exploitation and undue profiteering, while they called on the Federal Government to call the company to order. Electricity-newThe customers, who spoke to Vanguard, alleged that the company…
by Omoigui-Okauru The question of why Nigeria has not been able to sustain generations of successful businesses has been addressed differently by experts, but former Federal Inland Revenue Service (FIRS) Executive Chairman, Mrs. Ifueko Omoigui-Okauru, attributed it to poor visual…
Nigeria Electronic Fraud Forum (NeFF) has said that loss arising from electronic payment fraud has fallen by 63 percent. Chairman of the Forum and Director, Banking and Payment System Department, Central Bank of Nigeria (CBN), Mr. Dipo Fatokun disclosed this…
A consultant to the World Bank, Prof Abel Ogunwale, has advised the government to invest in infrastructure and value-added production. Ogunwale, a lecturer in Agricultural Extension and Rural Development, Faculty of Agricultural Sciences, Ladoke Akintola University, Ogbomosho, Oyo State, noted…
Tele communications giant, MTN today announced the resignation its Nigerian CEO resignation, Michael Ikpoki. The sudden resignations came at a time the company is trying to pay a $5.2 billion (R71 billion) fine imposed on the company by the Nigerian…
The Major Oil Marketers Association of Nigeria on Friday threatened to stop the importation of petroleum products over yet-to-be-paid N256 billion subsidy claim by the Federal Government. The Executive Secretary of MOMAN, Obafemi Olawore, made the disclosure at a…
Governor Adams Oshiomhole says there’s urgent need to clean-up areas polluted by oil exploration and pipeline vandalism in the Niger Delta to prevent diseases that may be induced by environmental pollution. Speaking during a courtesy visit to him by the…
