CBN Eases Liquidity as TSA Compliance Rattles Interbank Market

The Central Bank of Nigeria has moved to ease liquidity in the banking system, in response to a severe liquidity squeeze in the interbank market. The CBN, ThisDay gathered, moved to make refunds to commercial banks for the equivalent of

FG to Adopt Zero-Based Budgeting for 2016

According to a statement by the Senior Special Assistant to the Vice-President on Media and Publicity, Mr. Laolu Akande, the Vice-President, Yemi Osinbajo (SAN) said the Federal Government has planned to use a zero-based budgeting format for its 2016 budget

Nigerians Dominate African Business Awards Nominations

Nigeria is leading the nominations for the upcoming 2015 African Business Awards. Among the nominees are Aliko Dangote, the Chief Executive Officer of the Dangote Group, and Oscar Onyema, Director General of the Nigerian Stock Exchange. Both men were nominated

Kogi State University’s VC Candidates Shortlisted

The candidates for the highly coveted position of the Vice Chancellor of Kogi State University, Anyigba have been shortlisted. Twenty-seven (27) people were in the race for the office but only three (3) names have been forwarded to the Visitor

Today In History: Wahab Omorilewa Goodluck Died

Wahab Omorilewa Goodluck was the founding father of the Nigerian Labour Congress, which was founded in 1978 by a merger of the four central labour organisations in Nigeria. In 1974, Nigeria had four central labour organisations namely The Nigerian Trade

BoI Makes Investment Commitment of $6 Million in SMEs

Bank of Industry (BoI) released a statement on Monday stating that it had made an investment commitment of $6 million (N 1.2 billion) for SMEs in Nigeria through the $60 million Venture Capital Fund raised by Grow Africa Equity Partners

Chartered Institute of Stockbrokers to Partner With AfDB to Grow Nigerian Capital Market

In a bid to grow Nigeria’s capital market, Nigeria’s Chartered Institute of Stockbrokers (CIS) will partner with the management of African Development Bank (AfDB). This was announced by the Institute’s acting President, Mr. Oluwaseyi Abe who said that under this

Apply for the 2015 SHELL LiveWire Entrepreneurship Programme

Are you a young entrepreneur originally from the Niger Delta region? The Shell Petroleum Development Company of Nigeria Limited (SPDC) has officially declared the commencement of its 2015 Shell LiveWIRE Nigeria Programme. The programme is aimed at inspiring and supporting

Dangote, Obasanjo and Prince Andrew Launch an Entrepreneurship Financing Programme for Young African Entrepreneurs

Good news for Africa’s entrepreneurs, as African leaders – political and economic – are stepping up towards seeing the growth of Africa’s entrepreneurship. The Duke of York, Prince Andrew, Africa’s foremost entrepreneur, Aliko Dangote and former President of Nigeria, Olusegun

WHO Calls for Regulation of Traditional Medicine in Africa

World Health Organization officials have called for strict regulatory measures for traditional medicine in Africa in order to protect the public against potentially harmful practices. The announcement, which coincided with the commemoration of African Traditional Medicine Day, could have broad

Dangote Reduces Cement Price in Nigeria to Boost Consumption

Dangote Cement Plc. has slashed the price of cement in Nigeria in an attempt to boost cement consumption. The company is also hoping the lower prices will help increase export sales to neighbouring nations. According to information made available to

Nigeria’s First IVF Baby to Study Medicine in a Hungarian University

Nigeria’s first “test tube baby,” Miss Hannatu Kupchi, has secured admission into a Hungarian University to study medicine, Vanguard Newspaper reports. The medical doctor that supervised the first In Vitro Fertilisation (IVF) experiment in Nigeria, Dr. Ibrahim Wada, said Hannatu’s

Twitter Ads Now Available for Nigerian Businesses

Nigerian business owners are now able to advertise their businesses on Twitter with fewer limitations. The social media platform has officially made its Twitter self-service ads platform available to citizens. Nigeria was one of the 100+ countries added to the

Remi Babalola Asks EFCC to Give Informants 10% of Recovered Stolen Assets

Remi Babalola, former minister of State for Finance, has said that to encourage whistle blowing and curb corruption, the Economic and Financial Crimes Commission (EFCC) should give 10 per cent of recovered stolen assets to whistle blowers or informants if

ChamsMobile and Skye Bank Launch Nigeria’s First Visa Virtual Card

According to media reports, ChamsMobile Limited, a licensed mobile money operator, in collaboration with Skye Bank Plc, has launched the first Virtual Visa Card in Nigeria. The Virtual Visa Card is a digital payment card for online and mobile use,

NNPC to Deploy Drones to Curb Oil Theft

The Nigerian National Petroleum Corporation (NNPC) has announced that it will deploy drones across the territorial waters of Africa’s largest oil producer in order to help curb rampant oil theft. In an official statement, Managing Director Ibe Kachikwu said, “The

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