n a bid to create sustainable synergy that would deepen both the
capital market and the ICT sector of the economy the federal government
has concluded arrangement to float about $15 million Venture Capital
from the nation's capital market.
The Federal Government has said that it is
targeting $16 billion revenue from Foreign Direct Investment (FDI) into
Nigeria in 2013, to further create jobs and wealth for the nation's
teeming population.
Cement manufacturing giant, Dangote Cement
Plc maintained its upward profitability swing into the third quarter
ended September 30 with a pre-tax profit of N105.8 billion. The figure
represents an increase of 13.5 per cent over and above figures recorded
in the corresponding period for last year.
After years of groaning by banks' customers over arbitrary charges on cost of transactions (COT), the Central Bank of Nigeria (CBN) has concluded plans to peg the transaction cost at N3 for every N1,000 transacted.