Google Disappoints Investors As Advert Rates Decline

Google’s shares have declined over concerns that its advertising rates are declining despite posting higher overall revenues. Google on Thursday, reported consolidated revenues of $15.42bn for the quarter ended March 31, 2014, an increase of 19 per cent compared to the first quarter of 2013. Profits were also up by three per cent to $3.45bn. […]

CBN Mandates Branches to Supply Lower Currency to Public

CBN Mandates Branches to Supply Lower Currency to Public The current shortage of lower naira denominations will soon be over as the Central Bank of Nigeria, CBN has directed all its branches across the country to deal directly with the public, including business owners, in an effort to resolve a lingering scarcity of lower denominations […]

Ecowas Central Banks Seek Uniform Computation of bad Loans

Ecowas Central Banks Seek Uniform Computation of bad Loans Banks within the West African sub-region will soon have a uniform format for computing bad loans. This was part of the  decision taken at the meeting of  the Committee of  central bank Governors  under the West African Monetary Zone held in January. According to the January […]

Stakeholders condemn planned merger of aviation agencies

Stakeholders condemn planned merger of aviation agencies Industry operators and other stakeholders, including the labour unions, have expressed strong disapproval of plan by the federal government to merge the Nigerian Civil Aviation Authority (NCAA), the Nigeria Airspace Management Agency (NAMA) and the Nigeria Meteorological Agency (NIMET) into a single entity, the Federal Civil Aviation Authority […]

Nigeria’s new GDP status: Lagos maintains position as the nation’s commercial nerve center

Nigeria’s new GDP status: Lagos maintains position as the nation’s commercial nerve center Nigeria is now Africa’s largest economy, a position previously held by South Africa. Nigeria recorded a 89.22% growth in her Gross Domestic Product (GDP) which amounted to $509.9bn (80.22 trillion Naira), automatically emerging as the largest economy in Africa and 26th in […]

Naira appreciates against dollar at official, black markets

The naira appreciated against the dollar at the three segments of the foreign exchange on Friday, the News Agency of Nigeria (NAN) reports. At the official market, the naira was N155.68 to the dollar on Friday against the N155.74 rate on Monday, indicating a gain of 6 kobo. At the Bureau De Change, the naira […]