Businessday Nigeria Archive for April 2012

Sunday, April 29, 2012

CBN set for cheque truncation system

Tony Elumelu’s mother rescued

Saturday, April 28, 2012

Diamond Bank spends N147.1b on SMEs development in Niger Delta

Friday, April 27, 2012

NNPC extends closing of tender to sell Crude

Fuel subsidy report increases chances of reform- Fitch

N13.81trn tax revenue collected in four years - FIRS

WAGPCo spends N600m on CSR projects

Thursday, April 26, 2012

Uduaghan, South-South governors seek lower bank rates for SMEs

Participants at BusinessDay forum say millions benefit from CCI

Consumer spending in Nigeria, Africa tops $1.5trn in 10 years

Skye Bank to boost ROE to 15 pct

Guinness boosts distribution of Nigeria brands in the UK

Naira retreats as Sanusi says inflation rise expected

CBN backs Sanusi on plagiarism allegations

FG suspends ban on non-compliant airlines

Wednesday, April 25, 2012

Again, another N100bn for gas to power

Reps ask anti-graft agencies to prosecute Alison-Madueke, Lukman, Usman, Muktar, Aganga

FG approves N100bn for power generation

Altech to sell shareholding in West African operations

NCAA to ground airlines as ultimatum expires

Tuesday, April 24, 2012

Banks raise lending rate to 27%

Reps call for overhaul of NNPC, audit of account

Creative Share Support Scheme helped kill capital market

Belgian firm offers to revive Nigeria’s free trade zones

Indicted company calls for investigation of Ad-Hoc Committee report

CBN governor in court over plagiarism

Monday, April 23, 2012

FG agric plan includes marketing corporation to help farmers

Govt to build two emergency power plants in Lagos

Reports expose culture abuse in defunct IBPLC, Oceanic

Market indices record further appreciation

Tony Elumelu’s mother kidnapped

Dutch Firm invests N2.3bn to upgrade Lilypond Terminal

Okonjo-Iweala satisfied with 6.6% growth rate for Nigeria in 2013

Jonathan orders 24 hours operation of ports

Sunday, April 22, 2012

Agric experts brainstorm as Edo agribusiness investment summit holds today

FAAN circumvents presidency in N228m generator repair sleaze

Banks seek safety in Treasury Bills instead of lending

World Bank boost African Agriculture with $1.3b

Niger to establish petro-chemical refinery

Saturday, April 21, 2012

N613.6 billion shared from federation account

Friday, April 20, 2012

PIC to invest $250mn in Ecobank’s equity

Naira heads for third weekly gain

GTBank advances to 10-month high on profit

Thursday, April 19, 2012

N888bn fuel subsidy will run out before year end – Sanusi

JPMorgan bets on transaction banking in Nigeria

Operators demand crucial role for CBN in capital market revival

Fuel subsidy budget will soon run out - CBN

Wednesday, April 18, 2012

PIB non-passage raises concerns over long term oil production

CBN plans stress test for banks this year

Reps report indicts NNPC, orders it to refund N596bn

Stakeholders ask FG to inject fund into capital market

Jonathan on TIME list of 100 Most Influential People in the World

BOKO HARAM: What cost for the Northern Economy

Committee submits fuel subsidy probe report

Foreign airlines directed to pay 5% fuel surchage

Fraud in pension fund monumental, says Farida

Tuesday, April 17, 2012

46 firms at NSE operate below listing standards

Aviation minister disregards president’s directive on Maevis

AGF orders police ministry to recover N177.23m from Maina

Federal Government plans new funding for SMEs

Okonjo-Iweala congratulates new World Bank chief

Experts warn banks on increased cyber threats as Nigeria goes cashless

Oronsaye committee recommends abolition of 32 FG agencies

Nigeria to review BASA agreement with UK

Monday, April 16, 2012

Oronsaye committee recommends abolition of 32 FG agencies, merger of 53 others

Worry grips finance chief over rising N6trn domestic debt

Jim Yong Kim is new World Bank President

Okonjo-Iweala concedes defeat in World Bank race

Banks insist savings account holders use ATMs for transactions

Sunday, April 15, 2012

FG, states slow down N1.9trn investments in network expansion

World Bank board make tough decision on presidency today

Outrage over failed $500m police CDMA contract

Saturday, April 14, 2012

Air Nigeria to commence Lagos-London daily flight

Ocampo backs Okonjo-Iweala in World Bank race

Friday, April 13, 2012

Recharge card business threatened by mobile payments

Okonjo-Iweala one step closer as Ocampo withdraws

Okonjo-Iweala says excess crude account depleting

Thursday, April 12, 2012

Lagos to drive Nigeria’s growth, generate investment opportunities

Edo agribusiness investment summit seeks policies to improve productivity

AGF did not authorise pension bank accounts

Dangote Ibese plant producing at 100% capacity 2 months after commissioning

FIIRO in drive to commercialise research results

Stock market indices dip in spite of higher turnover

Air travellers to pay more due to aviation fuel hike

First Bank of Nigeria drops to lowest in 11 weeks

Employee compensation fund hits N3bn

Jonathan directs MDAs to patronise made in Nigeria goods

Wednesday, April 11, 2012

Nigeria records N10trn GDP in 2011

CBN plans monetary easing to tame lending rates

Audit report faults Maina’s claim on N119m illegal withdrawal

Stockbrokers want banks to support market makers

Importers to save N100, 000 from customs’ incentive

Nigerian cashew industry potential worth NItrn - NCAN

Tuesday, April 10, 2012

Nigerian traders write Jonathan over renewed intimidation by Ghana

Memo implicates EFCC, ICPC officials in pension scam

PHCN to get Dangote lifeline

N450bn federation account: Reps may discontinue probe of NNPC

US should lead to break World Bank tradition- Okonjo-Iweala

Monday, April 09, 2012

Maevis generated N44.8bn for FAAN, earned only N3.8bn

Absence of inflation index instruments tie down N2.6trn pension assets

KPMG report reveal excesses in Maina’s payment mandate

Air travellers complain of manual screening at MMIA

Sunday, April 08, 2012

GDP rebasing to make Nigeria 30th largest economy, investment destination

Planned rice mills, cassava plant to cost $1.2bn

No police retiree captured in offshore biometric trips

AFDB to stabilize African economies by 2022

Okonjo-Iweala begins process for World Bank top job

Saturday, April 07, 2012

Jonathan mourns Malawian president

Friday, April 06, 2012

Nigerian agriculture to benefit from equity deal

Beer war builds as Guinness relaunches Dubic Larger

Thursday, April 05, 2012

Diamond Bank gets respite over N5.5bn Yacht boat facility

Offshore investors’ appetite in naira soars on CBN’s reforms

Consumer disposable incomes hit by fuel subsidy removal

Diamond Bank to open 130 more branches

FEC endorses White Paper on transition to digital broadcasting

Former world bank staff back Okonjo-Iweala for top job

FirstBank named best retail bank in Nigeria

Wave of petrol stations fuelled by laundered public fund – Operators

Finance minister, AGF approved police pension account – UBA

Wednesday, April 04, 2012

FG signs $1bn gas treatment agreement with indigenous firm

Stanbic IBTC, RenCap, Vetiva, FBN appointed market makers

Oil committees plan radical business model for NNPC future

Nigeria ranks low in global information technology report

Senate to campaign for Okonjo-Iweala in Africa

Cocoa's future looks dim with fall in Supply

Glencore sells Nigerian crude to BPCL

Police pension scam: Task force spends N184.4m on DTA

Canada’s Manitoba to manage electricity transmission for $23.7m

FG handling of labour disputes squeezes employers, threatens job creation

Property market boom traced to local money laundering

Tuesday, April 03, 2012

Enterprise Bank unveils model branch concept

Diamond Bank seeks merger talks, bond issue

Monday, April 02, 2012

Reps threaten British Airways over high fares

Confusion trails first day cashless Lagos implementation

Banks under scrutiny over local money laundering

Who is above the law of the land

The menace of a receivership in corporate insolvency

What makes employees want to stick with companies?

Dangote Cement plans London listing

Sunday, April 01, 2012

No conflict between Presidency, N/Assembly over 2012 budget - Okonjo-Iweala

Telcos to fuel generators with N46bn this year

Scandals point to widespread domestic money laundering