All posts by BusinessNews Staff

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  Stocks cheap on foreign investors’ exit – Onyema

  Foreign investors fleeing Nigeria as oil prices plunge are leaving stocks undervalued in Africa’s biggest economy, the bourse’s chief executive officer, Mr. Oscar Onyema has said. The benchmark index’s 18 per cent decline this year isn’t justified...

  • Posted November 27, 2014
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  Credit to private sector rises to N17.789tn

  Banking sector credit to the private sector increased year-on-year to N17.789 trillion at the end of October 2014, compared to the N17.659 trillion it stood at the end of September 2014. The Central Bank of Nigeria (CBN)...

  • Posted November 27, 2014
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  SMEs closing down for lack of finance – LCCI

  The President of the Lagos Chamber of Commerce and Industry, Remi Bello, has observed that the growth of the Small and Medium Enterprises in Nigeria remains stunted due to lack of access to finance. Bello, whose observation...

  • Posted November 27, 2014
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  Importers worry as fish floods market

  Importers of fish are currently struggling to sell off their products, a situation that has resulted in a drastic price crash in most markets across the country. In an ironic twist of event, importers said they were...

  • Posted November 27, 2014
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  Foreign auto firms, indigenous manufacturers should collaborate – Minister

  The Minister of Mines and Steel Development, Mr. Mohammed Sada, has urged foreign auto companies in Nigeria should work with indigenous industries to expand their production lines and boost the auto industry. He stated that there were...

  • Posted November 27, 2014
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  Banks need strong boards to avoid crisis – BDAN

  The President, Bank Directors Association of Nigeria, Dr. Sonny Kuku, says banks in the country need strong board of directors in order to avoid further crises in the banking sector. He said the roles of banks’ boards...

  • Posted November 27, 2014
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  Naira devaluation: Expect double-digit inflation, experts warn

  Economic and financial analysts have said that a general rise in the prices of goods and services is expected to follow the Tuesday’s sudden devaluation of the naira by the Central Bank of Nigeria’s Monetary Policy Committee....

  • Posted November 27, 2014
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  FCMB restates commitment to oil, gas reserves growth

  FCMB Capital Markets Limited, the investment banking arm of FCMB Group Plc has restated its commitment to enabling the realisation of Nigeria’s oil and gas reserves growth agenda by actively supporting indigenous operators. A statement from the...

  • Posted November 27, 2014
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  Nigeria’s oil, gas industry records $380bn capital flight in 30 years

  The Oil Producers’ Trade Section (OPTS), an association of all the leading oil and gas –producing companies in Nigeria has stated in the 30 years preceding Nigeria’s adoption of a local content policy in 2005, the oil...

  • Posted November 26, 2014
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  All eyes on CBN as MPC meeting ends Tuesday

  The 241st Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN), which ends today, will be the focus of investors, financial market analysts and bankers. This all-important meeting, which comes up amid the downswing...

  • Posted November 26, 2014
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