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Shell to sell Nigerian oil fieldsOil giant Royal Dutch Shell is putting some of its oil field assets in Nigeria, valued at up to five billion US dollars, up for sale. The decision comes as Nigeria prepares to hand greater control to domestic firms next month. 21 Dec 2009 16:48 Stanbic IBTC, SAA introduce SAA FlexiPayStanbic IBTC Bank, a member of the Standard Bank Group, has partnered South African Airways (SAA) to launch an e-ticketing solution in Nigeria aimed at reducing travel costs. The launch took place in Lagos, Nigeria. 10 Dec 2009 13:15 Stanbic Nigeria completes cocoa financing for ATLStanbic IBTC Bank, Nigeria, a member of Standard Bank Group, has completed a US$15m cocoa financing for Agro Traders Limited (ATL) to fund the ATL's procurement of cocoa beans from the 2009/2010 Nigerian cocoa harvest, which it will export to Europe. 26 Nov 2009 10:33 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 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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