Don't Miss


Latest News

  • Energy firms owe Nigerian banks N3.93tn

    Oil, gas and power firms owe banks in the country about N3.931 trillion as at the end of December 2015, according to latest data released by the Central Bank of Nigeria (CBN). The CBN, in its Quarterly...

    • Posted May 6, 2016
    • 0
  • Emefiele, African Central Bank Governors meet on financial stability

    Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele last night began the hosting of several central bank governors across Africa to discuss the effects of the exogenous shocks from the global economy on financial systems across...

    • Posted May 6, 2016
    • 0
  • 216 million telephone lines connected – NCC

    The number of connected telephone lines in the country increased to 216 million from 210 million between January and March this year, according to the Nigerian Communications Commission. The commission noted that the increase was amid fluctuation...

    • Posted May 6, 2016
    • 0
  • NSE: Shareholders lost N152bn in April

    The market capitalisation of the Nigerian Stock Exchange depreciated by N152bn in the month of April. This means that the value of shares held by investors in the various companies quoted on the Exchange declined by that...

    • Posted May 6, 2016
    • 0
  • Investment inflows drop to nine-year low at N140bn – NBS

    The National Bureau of Statistics on Wednesday released the capital importation report for the first quarter of 2016 stating that the country recorded its lowest investment inflows in nine years. The bureau, in the report made available...

    • Posted May 6, 2016
    • 0
  • N1.16tn pension fund meant for infrastructure idle – PenCom

    The National Pension Commission on Wednesday said that out of the N1.16tn pension fund assets available for investment in infrastructure, only N1.36bn had so far been invested in infrastructure bonds. This, according to the commission, leaves about...

    • Posted May 6, 2016
    • 0
  • FG to fast-track approval for gas projects

    As most of the nation’s natural gas reserves remain untapped, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the Federal Government will accelerate approval for gas infrastructure projects. Kachikwu stated this in a...

    • Posted May 5, 2016
    • 0
  • Lagos joins oil-producing states as Aje field begins production

    Twenty years after it was discovered, the Aje field located in Oil Mining Lease 113 has achieved its first oil, putting Lagos on the list of oil-producing states in the country. The milestone is coming after several...

    • Posted May 5, 2016
    • 0
  • Budget: Saraki, Dogara meet over clean copy

    The Senate leadership met for many hours on Tuesday to consider the preview copy of the grey areas contained in the 2016 budget. The meeting lasted for about five hours but the spokesperson for the Senate, Senator...

    • Posted May 5, 2016
    • 0
  • External reserves fall by $753m

    Nigeria’s external reserves diminished by a total of $753 million to close at $27.123 billion as at April 28th, compared with the $27.859 billion it was as at April 1. The current position of the reserves, which...

    • Posted May 5, 2016
    • 0
  • Investors stake N183bn on 47bn shares in four months

    Investors invested about N182.845 billion in 46.758 billion between January and April 2016. Statistics obtained by THISDAY showed that investors staked N99 billion on 18.336 billion shares in January and February and N83.845 billion on 28.433 billion...

    • Posted May 5, 2016
    • 0
  • Moody’s downgrades Nigeria’s Sovereign Issuer Rating to ‘B1’

    Moody’s Investors Service has downgraded Nigeria’s long-term issuer ratings to B1 from Ba3 and has assigned a stable outlook, concluding the review for the downgrade that was initiated on March 4th 2016. The key drivers of the...

    • Posted May 5, 2016
    • 0
  • Policy reset urgently needed in Nigeria, others to secure growth – IMF

    In order for Nigeria and other economies in Africa to harness their strong potential, the International Monetary Fund (IMF) has stressed the “critical need” for a substantial policy reset by policy makers in the countries, adding that...

    • Posted May 5, 2016
    • 0
  • Nigeria’s Manufacturing Index declines in April

    The Manufacturing Purchasing Managers’ Index (PMI) dropped to 43.7 per cent in April 2016, compared to 45.9 per cent in the preceding month. This implies that the manufacturing sector declined at a faster rate during the review...

    • Posted May 5, 2016
    • 0