For business and economic news from around the world
WorldStage Newsonline– The Central Bank of Nigeria (CBN) has expressed dissatisfaction with the Deposit Money Banks (DMBs) over the low level of credit facilities made available to the private sector to catalyze growth in the economy, saying credit growth had not been as good as thought.
CBN angry with banks over poor credit facilities to private sector, as contractors’ debt hit N2.7tr Read More
WorldStage Newsonline– The re-constituted Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose from its two day meeting on Wednesday with unanimously decisions to retain the Monetary Policy Rate (MPR) at 14.0 per cent; Cash Reserve Rte (CRR) at 22.5 per cent; Liquidity Ratio at 30.0 per cent; and Asymmetric corridor at +200 and -500 basis points around the MPR.
CBN’s policy committee retains 14% interest rate, others Read More
The National Pension Commission (PenCom), on Wednesday issued compliance certificates to more than 4,000 firms to enable them bid for Federal Government contracts.
Nigeria: Over 4,000 firms get compliance certificates to bid for FG contracts Read More
WorldStage Newsonline– Lagos State government has promised to make the swaterways cleaner and safer to attract more investments and encourage partnerships in the channelisation of the water routes.
Nigeria: Ambode promises to make Lagos waterways clean to attract investments Read More
WorldStage Newsonline– There are indication that the Federal Government of Nigeria may accept the requests by the States and Private Sector for an extension of the tax amnesty programme, the Voluntary Assets and Income Declaration Scheme (VAIDS) which expired on Saturday
Nigeria: FG may consider states, private sector’s pleas for extension of VAIDS deadline Read More
WorldStage Newsonline– The Federal Government of Nigeria on Friday listed National Chairman of Peoples Democratic Party (PDP), Uche Seconduns among some members of his party to be among those who alleged looted the national treasury when the party was in power.
Nigeria: FG releases list of treasury looters *List is hollow and laughable – PDP Read More
WorldStage Newsonline– President Muhammadu Buhari on Friday expressed his extremely impression with the potential of the Eko Atlantic City project and the amount of jobs and its effect on the economy and what it is capable of bringing.
Buhari impressed with potential of Eko Atlantic City project Read More
WorldStage Newsonline– A call had been made for increased investment in Nigeria’s agriculture value chain, to boost the sector’s contribution to the Gross Domestic Product (GDP) as only about 32 to 34 million hectares out of 82 million hectares of the nation’s arable, representing 41%, is being cultivated.
Nigeria: Only 41% of arable land is cultivated, as expert calls for investment in agriculture value chain Read More
In line with its commitment to reward excellence and high performance, Pan-African financial institution, United Bank for Africa (UBA) Plc, has announced the promotion and elevation of about 2000 of its work force, representing about 17% of total staff strength across the group.
UBA rewards high performance, promotes 2,000 staff across Africa Read More WorldStage Newsonline– Mrs. Aisha Ahmad and Mr. Edward Lametek Adamu have formally assumed duty as Deputy Governors of the Central Bank of Nigeria (CBN), following the confirmation of their appointments last week by the Nigerian Senate.
New Deputy Governors of CBN resume work, set for MPC meeting Read More