archiveJune 9, 2016

Finance Minister, Mrs Kemi Adeosun, met with London-based investors on Tuesday 7th June to provide an update on the government’s plans for economic reform, investment and growth. According to a press release by Special Assistant on Media to Honourable Minister of Finance, Mr Festus Akanbi, “the day-long event organised by Standard...

Investors on the Nigerian Stock Exchange recorded a gain of N64 billion at the end of Thursday transactions as the Market capitalization closed at N9.371 trillion from the close of N9.307 trillion on Wednesday. The All Share Index added 0.69 percent or 186.7 point to close at 27,284.83 points compared...

Budget and Planning Minister Udoma Udo Udoma has promised that the impact of record incentives to boost Nigeria’s economy will become visible in the third quarter as authorities fast-track plans to release funding in a country. According to Bloomberg report monitored by Business247, “Substantial releases” of a 350 billion naira...

The Bankers’ Committee of the Central Bank of Nigeria (CBN) has given an assurance that the ongoing mass sack in banks would be reduced in a shortest possible time. The committee stated this at the end of its 327th meeting at the headquarters of the CBN in Abuja on Thursday....

President Muhammadu Buhari has approved the appointment of his Special Adviser on Planning, Mr Ben Akabueze as the new Director General of the Budget Office of the Federation. Akabueze takes over from Mr Tijani Mohammed Abdullahi who will now serve as Special Adviser to the President on Planning and will...

The ban by the European Union (EU) on importation of dried beans from Nigeria has been extended by three years. This was disclosed on Thursday by the Coordinating Director of the Nigeria Agricultural Quarantine Service,Mr Vincent Isegbe. According to him, the ban was extended by the EU because Nigeria was...

As the new supervision template, known as Risk Based Supervision (RBS), set to replace Compliant-based Supervision in the country's insurance sector in a bid to allow the industry regulator express its supervisory roles effectively, expectations are high, believing the new system will usher in a new dawn in proper financial...