Don't Miss


Latest News

  • test pdf viewer

    CBN has released a circular on new framework..read below  

    • Posted April 14, 2011
    • 0
  • World Bank boosts Nigeria power reform

    The Nigeria power reform bid has received a boost as the World Bank has provided the needed guarantee to prospective private investors that are interested in the power sector. This became imperative as the Federal Government with...

    • Posted April 14, 2011
    • 0
  • WDAS: CBN sells $3.3bn in March

    LAGOS — The Central Bank of Nigeria, CBN, sold $3.386 billion worth of foreign exchange at the Wholesale Dutch Auction System, WDAS, in the month of March, even as it promised to maintain the three per cent...

    • Posted April 14, 2011
    • 0
  • RT Briscoe declares 10k dividend

    RT Briscoe Plc has declared a dividend of 10kobo per share for the year ended December 31, 2010. The automobile company also proposed a bonus of one share for every five shares originally held by investors. In...

    • Posted April 14, 2011
    • 0
  • IPMAN remains a united body – President

    The Independent Petroleum Marketers Association of Nigeria has said it remained a united body charged with responsibility of ensuring effective distribution and supply of petroleum products to its members. National President of IPMAN, Alhaji Abdulkadri Aminu, said...

    • Posted April 14, 2011
    • 0
  • CAMAC announces higher reserves estimate in OMLs 120,121

    A new York-Exchange listed oil firm, CAMAC Energy, largely owned by Nigerian born Kase-Lawal, has announced a higher estimate of oil reserves in two of its offshore blocks in Nigeria, than earlier projected, Empowered Newswire reports. A...

    • Posted April 14, 2011
    • 0
  • Emerging economies facing increased financial imbalances – IMF

    The International Monetary Fund has said that the main challenge facing emerging economies is accumulation of financial imbalances to maintain financial stability and avoid future crises. This observation was contained in its latest edition of Global Financial...

    • Posted April 14, 2011
    • 0
  • CBN offers $300m at forex auction

    The Central Bank of Nigeria on Wednesday intervened in the foreign exchange market as it offered $300m for sale at the foreign exchange auction. The Central Bank of Nigeria in a statement on its website, said, “Further...

    • Posted April 14, 2011
    • 0
  • Brokers seek clarification on NSE demutualisation

    Market operators have sought a clarification of the planned demutualisation process of the stock market. Demutualisation of the stock exchange transforms the market from a member-owned company to a shareholder-owned exchange, moving it from private to public...

    • Posted April 14, 2011
    • 0
  • Nigeria, Others Tasked on Consensus Building

    The top United Nations climate change official has urged Nigeria and other countries to work harder for further progress on combating global warming this year, saying there were positive discussions on the Kyoto Protocol on greenhouse gas...

    • Posted April 14, 2011
    • 0
  • Sterling Bank, First Rand Merger Talks Gain Ground

    The talks between Sterling Bank Plc and FirstRand, the second biggest bank in South Africa about the latter making a strategic investment in the former has reached an advanced stage, Reuters said Wednesday. Reuters quoted Sterling Bank’s...

    • Posted April 14, 2011
    • 0
  • Agric Devt: World Bank Tasks Nigeria, Others

    Managing Director of the World Bank , Dr. Ngozi Okonjo-Iweala , has called on Nigeria and other African countries to adopt ideas that would enable the continent fully exploit its rich agricultural potential. A report from the...

    • Posted April 14, 2011
    • 0
  • WDAS: Naira Depreciates as Dealers Raise Dollar Demand

    The Naira, Nigeria’s local currency was slightly hurt against the United States dollar at the Central Bank of Nigeria’s (CBN) Wholesale Dutch Auction System (WDAS) Wednesday following stronger demand for the greenback put up by dealers. THISDAY...

    • Posted April 14, 2011
    • 0
  • FG Should Avoid Political Buyer of NITEL – Zinox Boss

    The Chairman and Chief Executive officer of Zinox Technologies Ltd, Chief Leo Stan Ekeh,  has called on the Federal Government to negotiate with a serious buyer and not a political buyer that can turn around the fortunes...

    • Posted April 14, 2011
    • 0