The federal government through, Ngozi Okonjo-Iweala, finance minister and coordinating minister for the economy, is set to present the estimates of the 2014 budget to the National Assembly, NASS, any moment from now. President Goodluck Jonathan announced this shortly after both the Senate and House of Representatives settled their differences and agreed on $77.5 as…
E-Commerce: Buyam.com.ng Makes Shopping Easy
It is no longer news that 44 million Nigerians now use the Internet. What is new is how this traffic fuels the growth of e-commerce market in the country. To take its chunk of the growing middle class, who makes up to 23 per cent of the country’s population, Buyam.com.ng, e-commerce platform, offers unique, one-stop…
NSE rakes N105 million Fines in 2013
The Nigerian Stock Exchange, NSE, realised about N105 million from fines imposed on listed companies and stockbroking firms for breaching its rules and regulations in 2013. Oscar Onyema, chief executive officer of the exchange, who disclosed that quoted companies paid N61.2 million as penalties while stockbroking firms paid N43.5 million explained that listed companies and…
CBN’s Monetary Policy Framework Is Injurious to the Economy
How would you appraise the tenure of Lamido Sanusi? Sanusi and his predecessor, Soludo (Chukwuma), both promoted policies that have helped to destroy the economy. With regards to banking regulation and supervision, both of them came with reformative posturing but this has not translated to a disciplined banking sector. The huge differential between savings and…
No Cause for Alarm
Ngozi Okonjo-Iweala, finance minister, sends a 102-page document to the House of Representatives Committee on Finance, showcasing the government’s achievement so far Ngozi Okonjo-Iweala, minister of finance and coordinating minister for the economy, has probably never been under as much pressure as she has experienced recently. Since mid-last year, she had at one time or…
CBN After Sanusi
When the story of who succeeds Lamido Sanusi as governor, Central Bank of Nigeria, CBN, is told, he or she will be described as the most scrutinised candidate to ever occupy the position. This is because as the countdown to June when Sanusi’s five-year tenure as CBN governor is slated to end, the stakes…
Fidelity Bank Appoints New MD
Change is the only permanent thing in life. Already, the staff and management of Fidelity Bank are experiencing that as Reginald Ihejiahi, former chief executive officer, CEO, of the bank, takes a bow while Nnamdi Okonkwo takes over the mantle of leadership effective January 1, 2014. The succession process, which has been approved by the…
Consumers Applaud Hollandia Yoghurt’s Promo
Elated Ruhoma said, “I was pleasantly surprised when I received a call from the company’s representative to come and collect the prize after I sent in my entry. At first, I thought it was a joke but after receiving the smart phone, I know it’s real. I will drink more of Hollandia Yoghurt until I…
Old Mutual Nigeria Offers Safety Measures
The Christmas season is a season of love and a time people travel from one place to another. These trips contribute to the increasing rate of avoidable road accidents and death. To guide against such accidents and safeguard lives, Old Mutual Nigeria, an insurance firm, has launched a radio campaign tagged ‘Old Mutual Safety Tips.’…
FAAN Expands Lagos Airport Terminal
Passengers flying through the Murtala Muhammed International Airport, Lagos to other parts of the world were giving a pleasant Xmas surprise with the opening of the new departure/screening points of the terminal at about 6.00 am on Saturday, December 21, 2013. The extended Departure Hall features five state-of-the-art screening machines and two Body Scanner…
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