All posts by BusinessNews Staff

• 
  Nigeria’s 5-year bond yield drops

  Nigeria’s five-year bond yield fell 33 basis points on Tuesday after a United States investor bought government debt, with uncertainty surrounding presidential elections in Africa’s biggest economy easing, a dealer at a major commercial bank told Reuters....

  • Posted April 2, 2015
  • 0
• 
  India, China cut crude oil imports from Nigeria

  India, which recently replaced the United States as Nigeria’s biggest oil market, cut its import of the country’s crude by 38 per cent in December, while China did not import a barrel from the country in the...

  • Posted April 2, 2015
  • 0
• 
  Fidelity Bank records 72% profit growth

  Fidelity Bank Plc’s audited financial results for the year ended December 31, 2014 has revealed that the bank made a profit before tax of N15.5 billion. This represents a growth by 72 per cent, compared with the...

  • Posted April 2, 2015
  • 0
• 
  Buhari urged to focus on electricity, security, job creation

  As Nigerians continue to celebrate the peaceful conclusion of the presidential election, a survey has revealed ‘electricity’ as the top economic issue Nigerians want the incoming administration of Major General Muhammadu Buhari to focus on. The poll...

  • Posted April 2, 2015
  • 0
• 
  External reserves fall to $29.79bn

  The nation’s foreign exchange reserves fell by 4.9 per cent to $29.79bn on March 30, from $31.35bn in February, data from the Central Bank of Nigeria on Tuesday showed. Year-on-year, the reserves fell by 21.3 per cent...

  • Posted April 2, 2015
  • 0
• 
  Rising inflation: NECA predicts capital outflow

  The Nigerian Employers Consultative Association has predicted a capital outflow and a loss of the country’s competitiveness if the inflation rate continues to rise in the coming months. It explained that import penetration into the Nigerian market...

  • Posted April 2, 2015
  • 0
• 
  Workers’ compensation gulped PHCN sales proceeds — BPE

  All the money realised by the Federal Government from the sale of the 17 successor companies of the Power Holding Company of Nigeria was expended on the entitlements of the workers of the defunct monopoly, the Bureau...

  • Posted April 2, 2015
  • 0
• 
  Jaiz Bank gets certification on e-banking reliability

  Jaiz Bank Plc has been awarded with the ISO 27001 certification for the effective management of its information security as well as the safety and reliability of it electronic banking channels. With the receipt of the certification,...

  • Posted April 2, 2015
  • 0
• 
  Budget deficit: FG to boost non-oil tax collection

  The federal government will have more plans to boost the nation’s non-oil tax revenue when it responds to the national assembly’s recent harmonised 2015 budget proposals, experts in the Nigerian financial sector have said. The federal government...

  • Posted April 2, 2015
  • 0
• 
  Fitch retains BB- Rating for Nigeria with negative outlook

  Fitch Ratings has reaffirmed Nigeria’s long-term foreign and local currency credit rating at BB- and BB respectively, but however revised the country’s outlook from stable to negative. It attributed the revision to what it described as political...

  • Posted April 1, 2015
  • 0