the Retail community of Nigeria

Nigerian bank reform

Thu, 05 Nov 2009 11:14:00 +0200

Nigeria's banking sector has been ordered to start reporting on suspicious cash transactions from people involved in politics. The new regulation requires banks to check the identity of anyone making a transaction above 250,000 naira (around US$1,600).
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Nigeria urged to bargain harder over China oil deals

Tue, 20 Oct 2009 09:55:00 +0200

Nigeria is being urged to take a tougher stance in negotiating oil contracts with China, including an insistence that technology and skills transfers become part of the deals.
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Nigeria: Government steps in to curb farmer-nomad clashes

Tue, 13 Oct 2009 07:10:00 +0200

KANO: The national government has started marking out grazing reserves across Katsina and Bauchi states in northern Nigeria, as well as the capital Abuja, to curb often deadly clashes between farmers and nomads over pasture.
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Nigeria to use oil cash

Fri, 09 Oct 2009 10:00:00 +0200

Nigeria is planning to spend up to two billion US dollars from its oil cash reserves to boost its economy in response to the global downturn, the country's junior finance minister Remi Babalola announced this week. The National Economic Council has already approved the economic stimulus package, Babalola said.
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Nigeria bails out banks

Wed, 07 Oct 2009 06:58:00 +0200

The Nigerian government is considering a temporary nationalisation of some underperforming banks, according to the country's finance minister Mansur Muhtar. He talked about the possibility during a press conference in Istanbul, but emphasised that long-term nationalisation is not in the government's plans.
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Nigeria: oil talks with China

Wed, 30 Sep 2009 08:01:00 +0200

A Chinese state-owned oil company is negotiating drilling rights for several onshore oil blocks in Nigeria, the Financial Times reports yesterday, 29 September 2009. China's CNOOC is said to be attempting to buy six billion barrels of oil, equivalent to one sixth of Nigeria's proven reserves.
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BIMFB awarded National Gold Quality Micro-finance Bank of the Year

Thu, 09 Jul 2009 10:09:00 +0200

LAGOS: Blue Intercontinental Micro-finance Bank (BIFMB) in Nigeria, was awarded the National Gold Quality Micro-finance Bank 2009 award by the Quality Management Institute on Tuesday, 7 July 2009.
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Banking innovation, regulation go together says expert

Tue, 19 May 2009 10:42:00 +0200

Speaking at AITEC's Banking & Payment Technologies Conference held 4 - 6 May 2009 in Lagos, Barry Coetzee, head of iVeri from South Africa, told delegates that it was crucial for regulation to maintain a level playing field while at the same time allowing innovation to take off.
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Nigeria, SA launch Presidential investment council

Wed, 25 Feb 2009 12:37:00 +0200

A Joint Presidential Advisory Council on Investment was launched by Nigeria and South Africa on Tuesday, 24 February 2009, to encourage investment between the two countries.
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Fuel scarcity hits Lagos

Mon, 22 Dec 2008 05:59:00 +0200

Major Oil Marketers Association of Nigeria (Moman) and Depot and Petroleum Product Marketers Association (Dappma) have initiated intensive negotiation with key officials of the National Union of Petroleum and Natural Gas (Nupeng) workers over the return of fuel queues in Lagos.
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