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Category: Business

codewit.com publishes an up-to-the-minute report of business and Nigeria financial news with personalized stock quotes as well as investing tools and tips.

Business

Nigeria: Pension fund hits N3.5trn, 5.6m workers registered

Anthony-Claret Ifeanyi Onwutalobi Anthony-Claret Ifeanyi OnwutalobiSeptember 23, 2013
National Pension Commission, PenCom, weekend, said the Contributory Pension Scheme, CPS, had generated over N3.5 trillion with no fewer than 5.61 million workers now in the scheme. Acting Director-General of...
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Business

Nigeria: Banks’ lending to agric may increase to 7%, says CBN

Anthony-Claret Ifeanyi Onwutalobi Anthony-Claret Ifeanyi OnwutalobiSeptember 23, 2013
Banks’ lending to agriculture sector is expected to rise from the 3.5 per cent to seven per cent in the next decade, Central Bank of Nigeria (CBN) Deputy Governor, Financial System Stability,...
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Business

Nigeria Noble strides of NCS transformation agenda

Anthony-Claret Ifeanyi Onwutalobi Anthony-Claret Ifeanyi OnwutalobiSeptember 21, 2013
IN Nigeria, transformation is the new order. In keeping to his agenda, The transformation Agenda President Goodluck Ebele Jonathan is leading the pack among his African Counterparts in all Sectors, Segments...
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Business

It’s crazy to spend $8bn on fuel importation – Ben Bruce

Codewit Correspondent Codewit CorrespondentSeptember 20, 2013
Federal government came under a heavy knock from the Chairman of Silver Bird Group, Ben Bruce , when he  lashed out on the government for spending $8 billion on fuel...
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Business

Nigeria: Governors to Okonjo-Iweala: resign or manage economy well

Anthony-Claret Ifeanyi Onwutalobi Anthony-Claret Ifeanyi OnwutalobiSeptember 18, 2013
The Nigeria Governors Forum led by Rivers State Governor Rotimi Amaechi yesterday urged Finance Minister and Coordinating Minister of the economy Dr. Ngozi Okonjo-Iweala to resign or manage the economy...
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Business

Nigeria: Governors to Okonjo-Iweala: resign or manage economy well

Anthony-Claret Ifeanyi Onwutalobi Anthony-Claret Ifeanyi OnwutalobiSeptember 18, 2013
The Nigeria Governors Forum led by Rivers State Governor Rotimi Amaechi yesterday urged Finance Minister and Coordinating Minister of the economy Dr. Ngozi Okonjo-Iweala to resign or manage the economy...
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Business

3 Typical Pieces of “Financial Expert” Advice: Debunked

Anthony-Claret Ifeanyi Onwutalobi Anthony-Claret Ifeanyi OnwutalobiSeptember 4, 2013
When you hear advice over and over again, it doesn’t mean it is right.  It doesn’t mean it is wrong, either.  Just don’t take the platitudes as fact.  Rethink and...
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Business

CBN to Resist Pressure to Devalue Naira

Anthony-Claret Ifeanyi Onwutalobi Anthony-Claret Ifeanyi OnwutalobiSeptember 4, 2013
The Central Bank of Nigeria (CBN) has declared that it will resist pressure to devalue the naira as it retains ample funds to defend the currency. Speaking in an interview...
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Business

AMCON seeks buyers for Mainstreet Bank

Anthony-Claret Ifeanyi Onwutalobi Anthony-Claret Ifeanyi OnwutalobiSeptember 3, 2013
The Asset Management Company of Nigeria, AMCON, said it was seeking prospective investors to buy 100 percent of its share-holding in Enterprise Bank, the first of Nigeria’s three nationalised lenders...
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Business

DPR’ll not revoke licences of idle oil blocks’

Anthony-Claret Ifeanyi Onwutalobi Anthony-Claret Ifeanyi OnwutalobiAugust 30, 2013
The Department of Petroleum Resources (DPR), has said it would not revoke the licences of undeveloped oil blocks contrary to its earlier stand on idle acreages. DPR Director, George Osahon, who...
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Posts pagination

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