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Nigerian bank reformNigeria'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). 5 Nov 2009 11:14 Nigeria urged to bargain harder over China oil deals[Tania Ghosh] 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. 20 Oct 2009 09:55 Nigeria: Government steps in to curb farmer-nomad clashesKANO: 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. 13 Oct 2009 07:10 Nigeria to use oil cashNigeria 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. 9 Oct 2009 10:00 Nigeria bails out banksThe 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. 7 Oct 2009 06:58 Nigeria: oil talks with ChinaA 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. 30 Sep 2009 08:01 BIMFB awarded National Gold Quality Micro-finance Bank of the YearLAGOS: 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. 9 Jul 2009 10:09 Banking innovation, regulation go together says expert
Nigeria, SA launch Presidential investment councilA 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. 25 Feb 2009 12:37 Fuel scarcity hits LagosMajor 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. 22 Dec 2008 05:59 SA, Nigeria commit to fast track trade, economic relations[Luyanda Makapela] South Africa and Nigeria have committed to fast track trade and economic relations between both countries at the South Africa-Nigeria Bi-National Commission (BNC), Tuesday, 9 December. 10 Dec 2008 11:29 Nigerian vice president to visit SAPRETORIA: Nigerian Vice President Goodluck Jonathan is to arrive in South Africa next week to hold talks with Deputy President Baleka Mbete. The bilateral political, economic and trade discussions will be held at the Presidential Guesthouse in Pretoria. 8 Dec 2008 09:36 Nigerian bank reforms boost efforts to mitigate impact of financial crisisNew bank reforms are designed to boost efforts to mitigate the impact of the financial crisis that has seen stock markets around the world stumble. 20 Nov 2008 07:35 Latest jobs | Ad showcase |
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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