President Mohammadu Buhari, yesterday, stated that the problem of youth unemployment bedevilling the country would become history after the passage of 2016 national budget President Buhari spoke at a dinner he organised in honour of the visiting Alumni Association of the Indian Defence Services Staff College,DSSC, Wellingon, led by the Indian High Commissioner to Nigeria, … Read more
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 seventh annual Bankers’ Committee Retreat in Lagos. Emefiele said: “We need the support of the … Read more
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 at the annual Dinner of the Forum in Lagos. Speaking on the progress recorded by … Read more
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 that growth in agriculture would require an increase in infrastructural investments. He said farmers expected … Read more
Should crude oil prices remain volatile, averaging $53 in 2015, the Oil Producers Trade Section (OPTS) has estimated that Nigeria’s revenue from oil and gas sales could be cut by about $10 billion or 30 per cent. OPTS, through its chairperson and Managing Director of Total Upstream Companies in Nigeria, Elisabeth Proust, said on Thursday … Read more