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  • ‘OPEC’ll Not Increase Crude Production’

    Iranian Oil Minister Massoud Mirkazemi said the Organisation of the Petroleum Exporting Countries (OPEC) will not increase crude output. Mirkazemi, who holds the OPEC rotating presidency, told Mehr News Agency  that there is no need for an...

    • Posted March 29, 2011
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  • Conoco Considers Exit from Nigeria, Libya, Three Others

    ConocoPhillips, a Houston-based integrated energy company and  key player in Nigeria’s oil and gas sector has announced plans to sell between $5 billion to $10 billion worth of non-core assets in Nigeria,  war-torn Libya and three other...

    • Posted March 29, 2011
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  • Interest Rate: Increase’ll Cause Manufacturers Intense Pain – OPS

    The Organised Private Sector (OPS) have  said   the  increase in interest rate from 6.5 percent to 7.5 percent by the Central Bank of Nigeria (CBN) would cause manufacturers and industrialists intense pain. Responding to the development, the...

    • Posted March 29, 2011
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  • Nigeria’s $500 Eurobond’s Performance Linked to Elections

    Analysts have tied the fate of Nigeria’s $500 million debut Eurobond to the outcome of the April general election, saying  a smooth electoral process is what could differentiate it from other political hotspots in the continent. According...

    • Posted March 29, 2011
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  • FMBN to Finance Housing Estates for Benue Workers

    Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Mr. Gimba Ya’u Kumo, has disclosed that the bank will finance more housing projects for civil servants in Benue State. A statement from the institution Monday  quoted...

    • Posted March 29, 2011
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  • Shareholders’ Group tasks NSE on investors confidence

    SHAREHOLDERS group under the aegies of Progressive Shareholders of Nigeria has urged the Nigerian Stock Exchange (NSE) to shun the planned demutualisation of the Exchange and address the issue on how to restore confidence in the market....

    • Posted March 28, 2011
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  • Elections: Assessing CBN’s controlling policy on inflation

    The benchmark lending rate was recently increased from 6.5 per cent to 7.5 per cent by the Monetary Policy Committee of the Central Bank of Nigeria. Experts say the increase will strengthen the value of the naira...

    • Posted March 28, 2011
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  • IT, key to driving financial sector reforms – SA boss

    The Chief Executive Officer, Signal Alliance, Mr. Collins Onuegbu, has said that for the Central Bank of Nigeria and Securities and Exchange Commission to realise the full potential of the financial sector reforms, the entire system must...

    • Posted March 28, 2011
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  • Access Bank announces 16% loan increase

    Access Bank Plc’s loans to borrowers have risen by 16 per cent in 2010, boosted by lending to corporate clients, the Chief Financial Officer of the bank, Mr. Seyi Kumapayi, has said. He said, “Access Bank reduced...

    • Posted March 28, 2011
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  • Bearish trend may persist till after polls – Analysts

    Analysts in the Nigerian capital market have predicted that capital market activities may not pick up till after the April elections. This is despite the impressive results released to the Nigerian Stock Exchange by major banks and...

    • Posted March 28, 2011
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  • MPR increase: Controlling inflation ahead of the elections

    The benchmark lending rate was recently increased from 6.5 per cent to 7.5 per cent by the Monetary Policy Committee of the Central Bank of Nigeria. Experts say the increase will strengthen the value of the naira...

    • Posted March 28, 2011
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  • Blue-chip gains lift weekly indices by 2%

    The marginal price appreciation recorded by blue-chip stocks during the week lifted market indices at the close of trading activities this week. A total of 48 stocks appreciated last week, higher than 13 during the preceding week,...

    • Posted March 28, 2011
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  • The sovereign wealth funds, quest for effective infrastructure funding mechanisms in Nigeria

    For countries such as Nigeria dependent on natural resources as dominant sources of earning foreign currencies, Sovereign Wealth Funds, represent meaningful economic avenues to diversity their economies. In other words, the ability to put the incomes earned...

    • Posted March 28, 2011
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  • The Case for Privatisation and SMEs in Nigeria and Sub-Saharan Africa (Part 2)

    The benefits arising out of privatisation are too crucial for Nigeria to ignore in the context of its long-term growth plans: * Depending on prudent implementation, privatisation can help strengthen capital markets by widening local ownership through...

    • Posted March 28, 2011
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