Author: InvestAdvocate

FG to remodel 5 Airports with N90bn

23/09/2010    Minister of Aviation, Mrs. Fidelia Njeze, yesterday said the Federal Govern-ment had given approval for the remodelling of five of the nation’s airports to international standard with about N90 billion. The money, she said, would be used in massive construction of additional runways to accommodate heavy aircraft, upgrade of […]

DMO: Why Nigeria Needs to Borrow

By Emele Onu, 09.22.2010    The Debt Management Office (DMO) has said that Nigeria has every reason to borrow to support the development of the country through reflating the economy as well as deepening of the bond market.The DMO made this disclosure in a newspaper advertorial signed by its Director-General, […]

Central Bank encourages seamless central switch payment system

  By Stanley Oronsaye September 23, 2010    The directive by the Central Bank of Nigeria (CBN) that banks should migrate to the Nigerian Central Switch has elicited reactions from operators in the sector. According to them, the directive will affect the business of some payment companies currently operating.   […]