All posts by BusinessNews Staff

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  CBN to commence review of e-Payment guidelines

  The Central Bank of Nigeria (CBN) has announced plans to commence a comprehensive review of electronic payment guidelines in the country. Deputy Governor, Operations Directorate, CBN, Alhaji Suleiman Barau disclosed this at the 2014 annual retreat of...

  • Posted November 25, 2014
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  Naira falls by 10.5% to N177

  The naira has fallen further against the dollar to a new low of N177.45, bringing the total value loss by the local currency this year to 10.5 per cent. The national currency has been under persistent pressure...

  • Posted November 25, 2014
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  NSE hails Mansard Plc’s corporate governance practice

  The Nigerian Stock Exchange (NSE) has recognised Mansard Insurance Plc as one of the companies quoted on the exchange with outstanding corporate governance performance endorsed and recognised amongst seven other pilot companies. This was disclosed by the...

  • Posted November 25, 2014
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  CBN licences new payment terminal service provider

  The Central Bank of Nigeria has granted approval to 3GEE Pay Ltd as a new Payment Terminal Service Provider (PTSP). With the approval, the company will pioneer biometric point of sale (POS) system for the Nigeria’s financial...

  • Posted November 25, 2014
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  Oil slump: Allocation to states, LGs to drop by N32bn

  The decline in the price of crude oil in the international market may have led to a reduction in the 2015 allocation to states and local governments from N3.969tn in the 2014 budget to N3.937tn in 2015....

  • Posted November 25, 2014
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  Depositors yet to claim failed banks’N25bn – NDIC

  Depositors have yet to claim about N25bn recovered from the 48 failed banks in the last 25 years, the Nigerian Deposit Insurance Corporation has said. The Managing Director, NDIC, Alhaji Umaru Ibrahim, who disclosed this at a...

  • Posted November 25, 2014
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  N7.8m ETPs traded last week – NSE

  A total of 384,740 units of Exchange Traded Products worth N7.858m were traded in 22 deals on the Nigerian Stock Exchange last week. This was in contrast to 1.043 million units valued at N13.747m traded the preceding...

  • Posted November 25, 2014
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  Oil slump: LCCI wants 10 budget items examined

  To effectively cushion the adverse impact of the global fall in oil prices on Nigeria’s economy, the Lagos Chamber of Commerce and Industry on Sunday recommended a further scrutiny of the country’s annual budgets. Specifically, the chamber...

  • Posted November 25, 2014
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  Access Bank reiterates commitment to women empowerment

  Access Bank Plc has reiterated its commitment to deepening the interest of women entrepreneurs by increasing it’s lending to female owned small and medium enterprises in the country. This declaration was made by the Group Managing Director...

  • Posted November 25, 2014
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  Top 10 brokers make up 65.83% of total market value in 10 months

  The top 10 brokers at the Nigerian Stock Exchange (NSE) contributed 65.83 per cent to the total market value in the first 10 months of the year, spanning January to October, according to the NSE’s broker performance...

  • Posted November 24, 2014
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