Archive for November, 2009

FG Charges Manufacturers on Full Local Production

Wednesday, November 4th, 2009

The Federal Government has tasked manufacturers of consumer products in the country to ensure full backward integration in their production process to guarantee maximum local value addition and boost sustainable economic development. (more…)

FG okays Anambra cargo airport

Wednesday, November 4th, 2009

The Federal Government has approved the construction of a cargo/passenger airport in Anambra State.
The authority for the construction of the project was conveyed to the state government by the Federal Ministry of Aviation.
The Anambra state Commissioner for Information, Chief Maja Umeh, who disclosed this to journalists in Awka on tuesday 3rd November, 2009, said the state government had acquired a piece of land for the project.
The planned airport, according to Umeh, would be cited at Ifite-Umuleri in Anambra East Local Council. It will
be jointly executed by the state government and Orient Petroleum Resources Ltd.

CBN Wants Banks to Report Politicians' Deals

Wednesday, November 4th, 2009
  • May buy margin loans to boost liquidity
  • GDP growth rate rises to 7.58%

The Central Bank of Nigeria (CBN) is working on a plan to make banks report suspicious cash transactions by politically exposed persons (PEPs). (more…)