The Chartered Institute of Bankers of Nigeria (CIBN) on Tuesday announced the commencement of the implementation of the Competency Framework for the banking industry in Nigeria. The initiative would see the institute ensure that staff members of Nigerian banks qualify for the job roles they occupy. The Competency Framework was released by the Central Bank […]
Economic Matters, Dr Adeyemi Dipeolu, has analysed the statistics released by the National Bureau of Statistics (NBS) saying it showed the economy maintained path to recovery. According to Dipeolu, it is an encouraging indication of a steady, even if slow, progressive pace. He said by the Gross Domestic Product (GDP), figure the Nigerian economy was […]
The Transmission Company of Nigeria (TCN) has disclosed that the 11 electricity distribution companies (Discos) have not stopped the practice of rejecting generated electricity loads allocated and sent to them for onward distribution to customers in their distribution networks. The company also said that the Discos monthly financial remittances to the electricity market are still […]
Keystone Bank Plc has partnered Enugu State government through its Ministry of Commerce & Industry to support 100 micro small and medium enterprises (MSMEs) in the state. The latest partnership, according to a statement from the bank was in line with its continuous economic empowerment campaign aimed at raising the bar of small businesses. In […]
Nigeria earned N224.9 billion from petroleum profit tax (PPT) and royalties from the oil and gas sector in January and February 2017, according to latest data released by the Central Bank of Nigeria, CBN. The CBN in Economic Report for February 2017 released recently also put the country’s total earnings from the oil and gas […]
The Central Bank of Nigeria (CBN) yesterday injected $205 million into the foreign exchange market even as the naira depreciated to N379 per dollar in the parallel market. Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okoroafor confirmed the dollar injection in a statement on Monday. According to the statement, “The CBN again injected over […]
Governor Akinwunmi Ambode has terminated a Memorandum of Understanding (MoU) with a consortium of firms to build the 4th Mainland Bridge at the cost of N844 billion. The MoU for the 36 km bridge, which two past administrations had promised to do, was signed on 25 May, 2016. The project was to be financed by […]
Governor Ayo Fayose of Ekiti has said that he was not bothered by the ongoing strike by petrol dealers in the state as he vowed to demolish the stations in residential areas. The governor spoke during his monthly public enlightenment programme, “Meet Your Governor in Ado Ekiti. He said he would not rescind his decision […]
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), in collaboration with the Industrial Training Fund (ITF) will on Tuesday May 23, 2017, kick- start the second phase of its National Industrial Skills Development Programme (NISDP) under its National Enterprises Development Programme ( NEDEP) training in 18 states of the federation. A statement issued […]
The three tiers of government shared over N1.4 trillion during the first quarter of the year, official data has shown. The Federal Government got N549.1 billion or 52 percent of the total according to the revenue sharing formula. The 36 states earned N359.18 billion (26.72 per cent) and the 774 Local governments got N269.42 billion […]