All posts by Ifreke Inyang

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  Nigerian bond yields to fall

  Yields are seen falling this week after the Central Bank of Nigeria retained its benchmark rate on Friday. Traders said the bond market was attractive for buyers with the benchmark rate held at 12 per cent. “Yields...

  • Posted September 23, 2014
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  CORBON urges NASS to pass National Building Code

  The National Assembly should urgently pass the bill for the enforcement of the Nigerian National Building Code, the Council of Registered Builders of Nigeria has said. CORBON, in a statement signed by its Chairman, Prof. Kabir Bala,...

  • Posted September 23, 2014
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  S&P affirms Nigeria’s ‘BB-/B’ rating, negative outlook

  Global rating agency, Standard & Poor’s (S&P), has affirmed its ‘BB-/B’ rating on Nigeria.   However, S&P in the latest rating on Nigeria stated that the country’s outlook remains negative, pointing out that there was at least...

  • Posted September 23, 2014
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  75% of port insurance papers, fake — NIA

  About 75 per cent of insurance certificates obtained by importers in the maritime sector are fake, the Director-General, Nigerian Insurers Association, Mr. Sunday Thomas, has said. He told SUNDAY PUNCH on Thursday that this was the outcome of the...

  • Posted September 22, 2014
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  Insecurity: Foreign investments drop by N61.58bn

  Some foreign investors are beginning to shun the Nigerian business environment due to concerns about insecurity and the fear of uncertainty regarding the 2015 elections. The latest investment analysis from the Nigerian Stock Exchange showed that foreign...

  • Posted September 22, 2014
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  Shipping: Stakeholders bemoan cabotage, rail system failure

  Stakeholders  believe that failure of government to provide functional rail link to the ports in the face of  gridlock in Apapa and Tin Can Island areas  all these years, and  non-implementation of Cabotage Vessel Financing Fund (CVFF)...

  • Posted September 22, 2014
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  BoI to disburse N5bn for agro processing projects

  The Bank of Industry has unveiled plans to support 1,000 Small and Medium Enterprises that are involved in processing of agricultural products in Nigeria with N5bn. A statement on Friday stated that the finance under the Cottage...

  • Posted September 22, 2014
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  Party primaries, retirement of AMCON bonds raise spectre of price adjustments

  As the Nigerian inflation rate continues its advances in July, (the sixth time in a row) analysts said at the weekend that there were increasing possibility of adjustment in exchange rates in spite of the decision of...

  • Posted September 22, 2014
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  CBN Holds Interest Rates at 12% Despite Inflation Risks

  Nigeria’s central bank held interest rates at 12 percent on Friday, where they have stayed for nearly three years, despite concerns over inflation and reduced food production caused by the Islamist insurgency in the north. Nigeria central...

  • Posted September 21, 2014
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  Globacom attains second largest operator position

  Globacom has made substantive growth in its subscribers’ number by moving from 23 million subscribers in the first quarter of the year to 27 million subscribers in the second quarter, to become the second largest telecoms operator...

  • Posted September 21, 2014
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