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  • Earnings Forecast: Oando, Studio Press & 7Up forecast Q1, 2012

    Several quoted companies released their earnings forecast on the Nigerian Stock Exchange today. They include: Company Revenue/Gross Premium Net Income Period Oando Plc N 141.83 Billion N 2.97 Million Q1 2012 (March) 7Up N 17.5 Billion N...

    • Posted December 20, 2011
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  • 2012 Budget: Presidency to Spend Naira 1 Billion on Food Subsidy

    Taxpayers will spend a fortune feeding the president and his deputy next year The Federal Government plans to spend approximately N1 billion in feeding its first and second citizens next year if the National Assembly approves President...

    • Posted December 20, 2011
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  • Europe Economic Shock: Nigeria may be on the receiving end – IMF Chief

    Managing Director of International Monetary Fund (IMF) Christine Lagarde yesterday warned the Federal Government that Nigeria may be on the receiving end of the economic shock from Europe because of the volume of her trade all over...

    • Posted December 20, 2011
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  • Africa’s Future: Responding to Today’s Global Economic Challenges (IMF Boss Speech)

    The following is full text of the speech delivered by the Managing Director of the IMF, Christine Lagarde at a Rountable Discussion with stakeholders at the Eko Hotel this morning.   Good morning. It is a privilege...

    • Posted December 20, 2011
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  • IMF Boss Cautions Nigeria on Impending EuroZone Recession

    Managing Director of the International Monetary Fund (IMF), Christine Lagarde has called on developing economies like Nigeria to build a firewall against the financial crisis in developed countries, specifically in Europe. Speaking at the Eko Hotel and...

    • Posted December 20, 2011
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  • Akwa Ibom Hints Of Upcoming $ 1 Billion Bond Issuance

    Akwa Ibom State Governor Godswill  Akpabio has said the state would raise  over N150 billion from the capital market through bond with a viewing to financing the industrial development of the state in the coming year. Akpabio,...

    • Posted December 20, 2011
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  • Mobile Money: GTBank Partners MTN

    GTBank has entered into a partnership with MTN Nigeria to promote financial inclusiveness, with the launch of Mobile Money, targeted at the unbanked population of the county. Statistics reveals that 75 percent of adult Nigerians are either...

    • Posted December 20, 2011
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  • No shift on e-payment start date – CBN

    The Central Bank of Nigeria (CBN) has fore closed a shift in the January 2, 2012 commencement date for the implementation of electronic payment system in the public and private sectors of the economy. Also, financial services providers...

    • Posted December 20, 2011
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  • Why Naira Is Under Pressure

    Like human needs which are insatiable, the needs of end-users of foreign exchange have increasingly become insatiable. Matters are made worse with the Central Bank of Nigeria (CBN) constrained by the absence of a deep wallet. The...

    • Posted December 20, 2011
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  • Stock Market Watch: ASI Gains on Performance from Breweries, Dangote Cement

    The Nigerian Stock Exchange started the week on a positive note, gaining 10 points and bringing the All Share Index to close at 20,045.31. Top gainers in the market today emerged from the banking industry as mid-tier...

    • Posted December 19, 2011
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