Be careful in relaxing banks’ prudential ratios—Expert warns CBN
Leading financial analyst, Dr. Ken Igboanugo has cautioned the Central Bank of Nigeria (CBN) not to be carried away by the observed strength, capital adequacy and liquidity of Nigerian banks even at the heat of recession. Prudential ratios are used…
Forex’ll sink more manufacturers next year— May & Baker Plc boss, Okafor
Managing Director of May & Baker Plc, Mr. Nnamdi Okafor has revealed that due to the fact that effort of the Central Bank of Nigeria (CBN) in managing foreign exchange access by manufacturers is not producing the needed impact, more…
Why Nigerians are not feeling impacts of development banks—Maa’ji
Lagos based development Economist; Dr. Aliu Maa’ji has explained why Nigerians are not gaining from several development banks instituted by the federal government over the years. He linked the abysmal failure of the banks to excessive bureaucracy in their fund…
NBC begins national rollout today as Abuja goes live on DSO
Before noon today (Thursday), residents of Federal Capital Territory (FCT), Abuja will be live to the high definition digital terrestrial television experience, marking the effective commencement of national Digital Switch On (DSO) and the transition from Analogue to Digital broadcasting…
Seychelles, S/Africa 14 others lead Africa as Nigeria ranks 137th in ICT Dev. Index
It was disappointment Wednesday as International Telecommunications Union (ITU) in its ‘Measuring the Information Society’ report on ICT Development Index (IDI) has placed Nigeria in a distant 137th position while smaller nations like Seychelles and S/Africa lead the continent. Nigeria…
Interswitch, others delaying listing, IPO due to deep naira-dollar differentials
The prevailing forex crisis hitting the economy has extended its streaks of frustrations to prospective capital market investors as companies planning to either list on the exchange or go to the market for shares and IPOs are now developing cold…
Similarities in QoS collapsing number porting to record low of 35,655 in October
Though the Nigerian Communications Commission (NCC) has disclosed that a total of 35,655 mobile numbers ported in the month of October, industry analysts have argued that the main reasons that usually drive the need globally are rare in Nigeria, thus…
Usman charges NPA staff to raise service efficiency for better results
The reformist Managing Director of Nigerian Port Authority (NPA), Ms Hadiza Bala Usman has urged the staff of the agency to reposition their mindset towards efficient service delivery to the nation by way of promoting productivity and accountability in the…
MAN supports government’s move to review ECOWAS treaty
Considering growing abuse of trade rules, Manufacturers Association of Nigeria (MAN) are now rallying support for government’s call to review the Economic Community of West African States’ (ECOWAS) Treaty. Before now, Senate Committee chairman on International Trade, Senator Hope Uzodinma…
Funding, capacity training limit micro businesses from growing to SMEs—Rahama, SMEDAN boss
The Director-General of Small and Medium Enterprise Development Agency (SMEDAN), Dikko Rahama has identified why over 90 per cent of micro businesses cannot comfortably migrate to Small and Medium Enterprises (SMEs). According to him, many of the businesses in Nigeria…
