Experts doubt success of CBN’s inflation targeting policy
In the absence of adequate and reliable data, prudent financial behaviour, robust financial institutions and true autonomy for the Central Bank of Nigeria (CBN), experts have expressed concerns over the realisation of the desired objectives of the pr
Naira slides to new low, loses N8.41 in 4 days
Foreign exchange situation in Nigeria worsened further yesterday as naira slipped to a new
Shell lifts force majeure on Nigeria’s 400,000 bpd
Royal Dutch Shell has lifted force majeure on crude exports from its Bonny, Forcados, and
Importers may sue FG over proposed auction of containers
Plans to auction overtime containers that have stayed 90 days and above by the Nigeria CusN25.44bn aircraft yet to be delivered three years after payment
The Nigerian Air Force (NAF) is still awaiting the delivery of 15 specialized aircraft made up 12 for combat and three additional aircraft for the training of its personn
Push for turn-around strategy for Nigeria ’s ailing textile sector
We need a turn-around strategy, “…a total strategy, a mix and bullish attack on the challenges of the industry”. This was the way Banquaires Facilities Int’l Limi
Better deal for subscribers as more telcos access funds
Nigeria’s telecom sector is opening the year with promise of growth despite the global economic recession. This confirms the view of experts that while many telecom
Insurers tighten loose ends to boost premium generation in 2009
After having successfully operated a full year following its recapitalisation, the insurance industry believes it can contribute more to the nation’s economy if only it
More job losses loom in industrial sector
More manufacturing companies in the country are gearing up to trim down their workforce in an attempt to reduce operating costs as the real sector grapple with the challe
Congestion threatens business at Apapa port
APM Terminals, one of the concessionaires at Apapa Port, has urged to the Federal Government to assist in evacuation of over 20,354 containers sitting at its terminal si
Lagos: The search for N275bn to tackle decaying infrastructure
That Lagos desperately needs a life line to rescue decaying infrastructure and build new facilities of international standards in a world that has almost become a hamlet
Whither the market in 2009?
This must be the big question on the mind of investors now especially with the way the Nigerian stock market started the year 2009. A lot of people are keen to know where
Discovering alternative revenue sources for economic growth
Falling price of oil in the international market is again throwing up the need to diversify the revenue base of the Nigerian economy. This becomes more crucial because Ni
UBA assets hit N2.2 trillion
The financial year ended for United Bank for Africa plc (UBA) has shown an all round improvement in key performance indicators.
Results presented to the shareholders a
Stakeholders evaluate feasibility of 4m barrels per day production
It is no doubt of tremendous interest to stake holders and keen watchers of the oil and gas sector that the national Petroleum Investment and Management Services (NAPIMS)
Firm to build 11,000 houses in Kano, Sokoto, Borno, 8 others
A private firm, FramanAgridev, is investing N300 billion for the building of 11,000 houses in 11 northern states. The states are Sokoto, Zamfara, Kano, Jigawa, Bauchi and
Tayo Rotimi: Focusing on performance improvement
With the widening skill lacuna between industry demands and quality of the nation’s graduates, Mac Tay Consulting has taken up the gauntlet to address this problem as i
Aviation fuel price goes down January ending
Airline operators in the country will heave a sigh of relief at the end of January as aviation fuel (Jet A1) marketers promised a crash in the price of the product. Howev
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