Nigeria's Improvement on Corruption Index Startling
Says World Bank
The World Bank says Nigeria is a startling example of reduced corruption in Africa. The World Bank said in a statement made available in Abuja that the biggest gain by far was registered by Nigeria, whose score had risen by 93 per cent, albeit from a very low base. Keywords:
Nigeria ,World Bank, corruption , Angola, Democratic Republic of Congo, Equatorial Guinea, Sudan, Botswana , Mauritius , South Africa, Namibia
Oceanic Bank Boosts Delta Micro Credit Scheme with N200m
The Delta State micro credit scheme has received a boost of N200 million from Oceanic Bank International Plc. The bank injected the fund to finance micro and medium enterprises in the state. The state government is providing N50 million as collateral for the facility. Keywords:
Anthonia Ashiedu, Central Bank of Nigeria, CBN,Small Medium Industry Equity Investment Scheme,SMIEIS,Oceanic Bank International Plc,Delta State Micro Credit Programme, DMCP
Intervention will Restore Investors’ Confidence.
The chief executive of Oceanic Bank International plc, Cecilia Ibru has lauded Federal Government’s intervention in the stock market crisis, saying such move will boost investors’ confidence in the capital market.
Prices of Foodstuffs remain stable in Delta
The prices of some foodstuffs in some major towns in Delta State have remained stable in the past two weeks. This was revealed by the result of a market survey conducted by the state Ministry of Economic Planning and made available to newsmen in Asaba. Keywords:
Ministry of Economic Planning,
Shell Loses 40,000 Bpd From Nigeria Pipeline Attack
Royal Dutch Shell plc is losing 40,000 barrels per day of Nigerian oil output after militants blew up parts of a key pipeline this week, its chief executive said on Thursday.
Greenview Development Invests N13.2bn On Factory Expansion
Greenview Development of Nigeria Limited (GDNL) is investing the sum of N13.2 billion on sugar and flour factory expansion at Apapa Port in the next few years.
Oceanic Bank’s Third Quarter Result Excites Ibru, Shareholders
Managing Director of Oceanic Bank plc, Cecilia Ibru and some shareholders have announced that the bank has capacity to meet its immediate and future projections.
Nigeria Losses N25Bn to Ineffective Insurance Policies
MR. Remi Babalola, minister of state for finance, has said Nigeria loses N25 billion yearly, following non-enforcement of insurance policies like cover for buildings, fire and public liability.
Rising rice price: FG’s response
RECENTLY, the Federal Government, in reaction to the global syndrome of rice price rise, announced its okay of the importation of N80 billion worth of the item from Thailand. The government’s plan, announced after a meeting of the Federal Executive Council (FEC) at which the issue was discussed, is to vitiate the effects of the rising prices on the family expenditure on food, given that rice is a staple eaten largely by most Nigerians. In net, the imports would total about 500,000 metric tons. Keywords: