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PERSONAL FINANCE: Esusu banking Loans by the people for the people

Posted Jun 26, 2011 0 Replies

"I tried for several months to get a loan from a bank. They asked me to provide land as collateral, which I do not have. I joined an esusu group with ten members and we contribute N10,000 every…Continue

5 Million Nigerian Children Die Of Diarrhoea Annually -Pediatrician

Posted Jun 25, 2011 0 Replies

Five million children under the age of five years die of diarrhoea annually in Nigeria, a pediatrician, Prof Abiodun Johnson, has said.Johnson disclosed this in an interview with newsmen in Ibadan on…Continue

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Lagos must go cashless by 2012 Sanusi Lamido CBN Governor

Posted on May 27, 2011 at 7:30am 0 Comments

The governor of Central Bank of Nigeria, Sanusi Lamido Sanusi, has turned down the request of senators to increase the threshold of free cash withdrawal to be enforced by CBN's latest cash withdrawal policy.

Mr Sanusi, in company of his deputies, could not wait to leave the Senate Hearing Room 1 venue of the Thursday meeting with members of the senate committee on Banking, Insurance and other financial institutions before he…


Nigerian naira eases after Central Bank forex auction

Posted on May 10, 2011 at 10:57am 0 Comments

The Nigerian naira eased against the U.S dollar on the interbank market on Monday after the Central Bank sold dollars at a higher rate than last week at its foreign exchange auction.

The naira closed at 155.85 to the dollar on the interbank market compared to 155.15 at Friday’s close, although the sale of $400 million by state-owned…


Cost of cement Rises

Posted on May 10, 2011 at 10:30am 0 Comments

Stakeholders in the cement industry have expressed concern over the increasing prices of the product across the country in the last four months.

Some have attributed the situation to problems of inadequate supply, high transportation cost and policy somersault.

A survey…


Rent: Controversy trails Lagos 'directive' on agency fee

Posted on May 10, 2011 at 10:24am 0 Comments

The reported directive to estate agents operating in Lagos by the state government to stop the collection of agency fees is generating controversy. AKINPELU DADA writes that despite official denial, agents say the pronouncement may affect the property market negatively. 

A house in Lagos



The controversy trailing the report that the Lagos State Government had directed that the collection of agency and agreement fees from prospective tenants… Continue

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