ORGANISED Labour in the nation's financial sector, under the umbrella of the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), has called on Management of Banks and Insurance firms to explore vast market in the West African countries for mobilizing funds and safeguarding the business transactions of Nigerians.
A slight improvement was recorded in trading on the Nigerian Stock Exchange (NSE), Monday, as the value of listed equities appreciated by N1.77 billion.
In few days, the Nigerian Economic Summit Group (NESG) in partnership with the National Planning Commission (NPC) will be hosting a policy dialogue with the presidency on Nigeria's economic scorecard at the 15th Nigerian Economic Summit scheduled to hold in Abuja from 15th -17th December 2009.
Against the backdrop of the economic recession in the country, Afprint Nigeria Plc has commenced the process of delisting its shares on the Nigerian Stock Exchange (NSE), just as it promised to pay off its shareholders.
In apparent move to improve the quality of health care delivery to Nigerians, MTN Foundation on Monday made a donation of Haemodialysis Centres to 12 public medical institutions drawn from the six geo-political zones of the country.
To engage the monumental challenge of recovering from the national disaster of abandoning software development for so long, the Institute of Software Practitioners of Nigeria (ISPON) is shopping for about N500m .
Inconsistency in creation and implementation of economic policies has been responsible for the low rate of development recorded by the Nigerian nation, a report by the World Bank has revealed.
Imo State Government has proposed a total budget of N120,110,943,148, made up of a recurrent revenue of N65,796,044,206 and recurrent expenditure of N48,052,966,467 for the 2010 financial year.
The Central Bank of Nigeria (CBN) has said that the crave by banks to assume global status was partly responsible for the ruin in the system, with many of them spreading their resources very thin unmatched by corresponding income.
The United Nations Conference on Trade and Development (UNCTAD) last week came up with a report that developing countries risk missing out on the benefits of information technology because of their lack of broadband infrastructure.
Another fatal road accident occurred in Buniadu last Thursday, claiming the lives of four people; namely Muhammad Drammeh, Kandeh Drammeh, Jeddi Drammeh and another old woman name (unknown).
Alhaji Issa Tafida Mafindi is a politician and farmer. He has been able to harness the experience garnered in politics and corporate world to become a successful cattle farmer.
As part of activities marking its 20th Anniversary, Intercon-tinental Bank Plc rewarded 22 loyal customers from the North East region for their confidence in the bank during its trying time, which saw its top management ousted by the Central Bank of Nigeria (CBN) for complexity in granting of loan facilities.
The Central Bank of Nigeria (CBN) said yesterday that the total non-performing loans (NPLs) of the eight banks that were found to be in grave situation after a Special Audit jointly conducted by the apex bank and the Nigeria Deposit Insurance Corporation (NDIC) was N1.524 trillion. The amount, it pointed out, represented 60.75 percent of the industry's total NPLs.
Is the December 2009 set date for generating 6,000 megawatts of electricity still achievable or not? This was the query that the Senate Committee on Power yesterday issued to the Minister of Power, Mr. Lanre Rilwanu Babalola.
The attention of the Lagos Metropolitan Area Transport Authority has been drawn to a story captioned "World Bank Projects Collapse in Lagos" in This Day Newspaper of Monday, November 23, 2009.
The Government of Edo State has signed a Memorandum of Understanding (MoU) with the Bank of Industry (BoI) in respect of N500 million Micro, Small and Medium Enterprises.
All the labour unions at the Lagos State University (LASU) have restated their resolve not to resume work until the Vice-Chancellor, Prof. Lateef Hussain is suspended for alleged corrupt practices, pending the outcome of further investigation and possible prosecution.
The $8.3 billion railway modernization project awarded to the China Civil Engineering Construction Corporation (CCECC)may have run into a hitch as the House of Representatives yesterday directed government to discontinue the contract.
Ekiti State Branch of the Nigerian Medical Association (NMA) on Tuesday said that doctors at the University of Ado-Ekiti Teaching Hospital are not on strike.
The Federal Government's promise to deliver an additional 6,000 Megawatts of electricity to the national grid by December 31, 2009 cannot be realised by that target date, the Senate Committee on Power declared yesterday.
Chief Executive of Exxon Mobil, Rex Tillerson, will receive a 7 per cent increase in salary to $2.2m in 2010, but his year-end bonus for 2009 is to drop by almost half.
The Chief Justice of Nigeria and Chairman, Board of Governors of the National Judicial Institute, Justice Idris Legbo Kutigi, has said that a situation where billions of naira in taxpayers' funds are being used as bailout grants to ailing banks is undesirable.
About 25,000 people have so far benefitted from the entrepreneurship and business support programmes initiative of the Federal Capital Territory Administration (FCTA) through Abuja Enterprise Agency (AEA).
Sirius Petroleum Plc. has said that it has identified its first marginal oil field opportunity in Nigeria.
