July 28, 2017

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BlackBerry putting itself up for sale -

Wednesday, August 14, 2013

FERMA: A convergence of intent, engagement & perception -

Sunday, August 11, 2013

Nigeria Hits CNN’s List of World’s 12 sexiest accents…. -

Wednesday, August 7, 2013

N452t infrastructure funds from capital market coming -

Tuesday, August 6, 2013

Getting the right staff for your business -

Tuesday, August 6, 2013

Nigeria, others to re-evaluate Trans-Saharan gas project -

Monday, August 5, 2013

How Nigerians use social media -

Friday, August 2, 2013

NSIA to manage N3.4tr pension funds -

Friday, August 2, 2013

GOOGLE UNVEILS MOTO X SMARTPHONE… -

Friday, August 2, 2013

Nigerian Troops Return from Mali, Storm Borno -

Thursday, August 1, 2013

Our role in the $1.09b Malabu Oil mess, by Shell -

Wednesday, July 31, 2013

FG Can’t License Hotels, Hospitality Operators, Says Fashola -

Tuesday, July 30, 2013

Why FG Must Urgently Invest in Efficient Rail System -

Monday, July 29, 2013

Lagos community begins energy generation from waste -

Monday, July 29, 2013

FG to privatise BoI, BoA in 2014 -

Monday, July 29, 2013

Cassava takes pride place in Nigeria’s agro-economy -

Monday, July 29, 2013

Future of Africa in food production depends on training, emerging technologies —Kabba college provost -

Friday, July 26, 2013

Will this fresh initiative against cyber crime work? -

Friday, July 26, 2013

Investors prefer Southwest, says LCCI -

Friday, July 26, 2013

Fed Govt stops project variation beyond 15% of initial cost -

Thursday, July 25, 2013

Naira under pressure as medical tourism, foreign education rise

Naira under pressure as medical tourism, foreign education rise..NAIJA INTEL

Nigerians’ growing demand for foreign exchange for health and education purposes abroad is putting pressure on the naira at both the foreign exchange market and interbank offered rate (NIBOR) BusinessDay investigations have revealed. The high demand for foreign exchange at the bi-monthly Wholesale Dutch Auction System (WDAS), under the invisible sector is putting pressure on the Central Bank of Nigeria (CBN) to continue to defend the naira. The 2013 budget allocation to both the health and education sectors at 12 percent is regarded by analysts as inadequate to check foreign travels for these services. “The citizenry have no confidence in…

Naira value: The determinants, the challenges

Naira value: The determinants, the challenges

THE Central Bank of Nigeria (CBN) has been insisting that the Naira value determination against other currencies is subject to the forces of demand and supply. Even recently, the governor mentioned other factor influencing the nation’s Monetary Policy Rate (MPR) to include the state of infrastructure, which would absorb any expansionary monetary policy, this too, affects Naira value. These, in order words, may mean that the nation’s demand for other currencies, for whatever reasons, is a major determinant of Naira exchange rate. The fourth quarter Economic Report highlighted among other things, how our foreign exchange transactions plummeted within the period…

Sustaining cash-less economy through identity data management

WITH the Central Bank of Nigeria (CBN) cash-less economy initiative gradually getting rooted in Lagos and hope of nationwide extension becoming visible, though in phases from January 1, 2013, concerns about sustenance of the project stirs it in the face. Indeed, in the last eight months, there has been a significant shift in the way businesses are conducted in many parts of Lagos. The use of cash as an exchange for goods and services is gradually being replaced with the Internet to accommodate a host of online services, just like it is being done in the advanced economies. As buyers…

Cash-less: Inter-bank fund transfer, others hit N2.1tn monthly

Due to the growing influence of the cash-less policy, inter-bank fund transfers, instant payments and cheque transactions in the Nigeria Inter Bank Settlement Payment System Plc are now worth N2.1tn monthly. The Central Bank of Nigeria, in a document made available to our correspondent on Thursday, confirmed that the NIBSS now handles the processing of 140,344 electronic fund transfer, instant payment and cheque transactions everyday. The transactions are worth over N70.2bn. The Head, Shared Services, CBN, Mr. Chidi Umeano, who confirmed the data, explained that the NIBSS was processing 6,749 instant payments worth N5.66bn; 99,602 electronic fund transfers worth N40bn;…