The Central Bank of Nigeria (CBN) on Tuesday released an amendment to its Guidelines on Transaction Switching in Nigeria, in what is expected to ensure a competitive environment and promote shared services and innovation. Section 2.6.3 of the guidelines which stipulates that “the NCS (National Central Switch) shall not own or promote any card business […]
Amidst the euphoria of the recent deal to receive $15 billion upfront payment from India for Nigeria’s crude oil, the Federal Government, was on Tuesday enjoined to speed the process of passing the Petroleum Industry Bill (PIB) into law, without which no one will touch the nation’s offshore oil blocks, especially with insecurity onshore. According […]
In furtherance of its quest to improve the wellbeing of communities where it does business, Fidelity Bank Plc, one of the nation’s highly diversified financial institutions, in strategic partnership with Gazelle Academy and Waziri Umaru Federal Polytechnic, Birnin Kebbi, has empowered 500 Nigerian with top-notch entrepreneurial skills. The programme, which is part of the bank’s […]
Unilever has been certified as the Top Employer in Africa for the third time in a row. Unilever’s Top Employer status in Africa was solidified when company was certified in Zimbabwe for the first time and achieved No.1 status in Ghana, Nigeria and Kenya. The organisation also added the No. 1 FMCG in South Africa […]
Adewole Kehinde I came across some youth on Wednesday in Abuja under the auspices of Northern Youth Council of Nigeria (NYCN) led by one Isah Abubakar as President protesting against the Central Bank of Nigeria Governor, Godwin Emefiele, to resign. From my interaction with some of them, I found out that: The so called Northern […]
The Federal Government of Nigeria officially flagged-off the Graduate in Irrigated Agriculture Schemes (GIAS) Program, at Kadawa Integrated Farm in Kano State on Friday, with the plan to extend it to all 109 senatorial districts of the country. The Graduate in Irrigated Agriculture Scheme is an initiative whereby selected participants in batches of 50 will […]
The Federal Government is carrying out a sector by sector review of ideas, policies and programmes that would give concrete meaning to the Made in Nigeria campaign. The Minister of Budget and National Planning, Senator Udoma Udo Udoma, who gave the indication on an NTA interview programme, “Good Morning Nigeria”, on Thursday, said although new […]
By Amechi Obiakpu The Bankers Committee has allayed the fears of possible looming mass sack in the banking industry. Following the mass sack that hit the Nigerian banking sector in recent time as a result of the economic down turn, there were fears that another round of sack may be witnessed in the sector. But, […]
The ability of Nigerian banks to face economic headwinds from lower energy prices varies though its economy remains attractive, Moody’s Investors Service said. Moody’s Investors Service said the number of non-performing loans, those for which the borrower is not making payments, is on pace to increase to around 12 percent over the next year, compared […]
Access to credit was a big challenge for the oil industry in the current cycle of contraction and the outlook for next year appears bleak for new investments, Mohammad Barkindo, secretary general of OPEC, said on Monday. Speaking at the World Energy Congress in Istanbul, Barkindo said the oil contraction period caused mainly by excessive […]