Tag - World Bank

THISDAY Withdrawal of Fuel Subsidy Begins in 2016 Pleading acute shortage of funds, the federal government Monday said it would begin a gradual withdrawal of fuel subsidy next year.[Read More…] FG’s Agencies Unable to Trace Solid Minerals Revenues, Says NEITI The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that the relevant government agencies responsible for …

PUNCH Foreign airlines’ N597bn ticket proceeds stuck in CBN Foreign airlines in Nigeria are unable to access foreign exchange from the Central Bank of Nigeria to repatriate their ticket sales proceeds to their home bases.[Read More…] AMCON’ll settle N3.8tn debt by 2023 – CEO The new Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Mr. …

PUNCH NSE charges dealing clerks on integrity The Nigerian Stock Exchange has charged 31 newly inducted 31 qualified dealing clerks also charged them to uphold the virtues of integrity, good character and high ethical and professional standards.[Read More…] Shareholders approve PZ Cussons’ merger with subsidiaries The shareholders of PZ Cussons Nigeria Plc, and its subsidiaries, PZ …

THISDAY Nigeria, Global Good Fund Partner on Technological Solutions in Agriculture, Health Sectors The federal government and the Global Good Fund co-founded by US billionaire, Bill Gates, on Wednesday in Abuja signed a Memorandum of Understanding (MoU).[Read More…] World Bank Supports Transformation of Nigerian Capital Market The Vice-President and Treasurer of the World Bank, Ms. Arunma …

PUNCH FG spends N194bn on capital projects The Federal Ministry of Finance said on Wednesday that N194bn had been spent on capital projects between January and September this year.[Read More…] DAILY SUN NSE:‘Online trading to attract N1.5trn investments’ BASKING in the euphoria of the recent launch of its online trading platform,Trade Smart, the Nigerian Stock Exchange …

  THE PUNCH NAFDAC fines Guinness N1bn for infractions The National Agency for Food and Drug Administration and Control has ordered Guinness Nigeria Plc to pay N1bn “as administrative charges for various clandestine violations of NAFDAC rules, regulations and enactments over a long period of time.”[Read More…] Fine: MTN shareholder wants more workers to go MTN’s …

PUNCH N1.04tn fine: MTN may sack Nigeria management Indications have emerged that the MTN Group may this week call for the resignation of some management staff of its Nigerian subsidiary over the N1.04tn ($5.2bn) fine imposed on it by the industry regulator.[Read More…] VANGUARD CBN concerned about rising non-performing loans The Central Bank of Nigeria, CBN, …

  PUNCH CBN at loggerheads with FRC over Stanbic IBTC The Central Bank of Nigeria on Tuesday faulted the regulatory decisions taken by the Financial Reporting Council of Nigeria against Stanbic IBTC Holdings Plc.[Read More…] Exchange probes Oando after record loss The Nigerian Stock Exchange has invited Oando Plc’s audit committee and its external auditors as …

THISDAY NDIC Identifies Poor Funding as Major Impediment to Growth of MSMEs The Nigeria Deposit Insurance Corporation (NDIC) has said that inadequate funds have continued to hamper the operational efficiency of micro, small and medium enterprises (MSMES) in Nigeria.[Read More…] Nigeria, Brazil bilateral trade hit $10.8bn THE President, Nigerian Association of Chambers of Commerce, Industry, …

PUNCH London, SEC to strengthen Islamic finance in Nigeria The Securities and Exchange Commission and the City of London on Tuesday pledged to work together to deepen Islamic finance in Nigeria in order to bring financial inclusion to Nigerian Muslims and non-Muslims averse to traditional financial system and products.[Read More…] ETI scraps sale of stake …