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  • GTBank expects further rise in inflation this year

    Guaranty Trust Bank Plc says it expects a further rise in inflation to the lower double digits in 2016. The position of the bank was made known by its Chairman, Mrs. Osaretin Demuren, at the 26th Annual...

    • Posted April 7, 2016
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  • Blackout: Shiroro, Sapele power plants shut

    The nation’s electricity woes worsened on Tuesday as two additional power generating plants were shut down, bringing the total number of plants not generating any megawatts of electricity to 10. The two shut plants are Shiroro Power...

    • Posted April 7, 2016
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  • Buhari will get budget details this week – Rep

    A member of the House of Representatives, representing Agege Federal Constituency, Lagos State, Taofeek Adaranijo, on Tuesday said the full details of the 2016 Appropriation Bill would be forwarded by the National Assembly to President Muhammadu Buhari...

    • Posted April 7, 2016
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  • Shareholders demand better returns from insurance sector

    Shareholders, under the aegis of Progressive Shareholders Association of Nigeria (PSAN) have called on the  National Insurance Commission (NAICOM) to put in place policies that would increase insurance penetration and enhance  investors’ returns. The shareholders, who also decried...

    • Posted April 7, 2016
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  • Port Harcourt Chamber calls for flexible exchange regime

    The Port Harcourt Chamber of Commerce has stressed the need to have a flexible forex regime in the country. This, the Chamber said can apparently be achieved with an aggressive pursuit of an export-based economy to earn...

    • Posted April 7, 2016
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  • Economic diversification: FG urged to invest in cruise industry

    The Managing Director, Cruises International, Mr. George Argyropoulos has called on the federal government to tap into the fortunes of the global cruise industry as a way of diversifying the economy and creating job opportunities for Nigerians....

    • Posted April 7, 2016
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  • Market sheds N1.1tn in three months on bleeding banking stocks

    The Nigerian stock market shed N1.1 trillion in the first quarter of 2016 as banking stocks bled following investors’ negative reactions to profit warnings and huge impairment charges recorded by banks for the 2015 financial year. The...

    • Posted April 7, 2016
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  • FirstBank records 45% of bills payment services on ATM

    First Bank of Nigeria Ltd, a subsidiary of FBN Holdings presently accounts for 45 percent of bills payment services on ATM in the nation’s banking industry as at December 2015. As at December 2015, about 275,000 bill...

    • Posted April 7, 2016
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  • Kachikwu’s directive on errant petrol stations still in force – DPR

    The Department of Petroleum Resources (DPR) has reminded petroleum marketers that the directive by the Minister of State for Petroleum, Dr. Ibe Kachikwu that retail outlets hoarding petrol should be sealed and their product given out for...

    • Posted April 6, 2016
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  • Dangote Group, an emerging global player from Africa – ECCIMA

    The Enugu Chamber of Commerce, Industry, Mines and Power (ECCIMA),has commended Dangote Group for African industrialisation. Dangote Group’s giant strides in establishing cement plants across Africa has attracted commendation of the ECCIMA), which described the conglomerate as...

    • Posted April 6, 2016
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  • Operators proffer solutions to challenges in power, gas sectors

    Experts in Nigeria’s power and gas sectors have proposed solutions to the problems of the sectors, saying that ongoing projects should be pursued vigorously to completion, while the new electricity tariffs should be implemented. Immediate past Group...

    • Posted April 6, 2016
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  • Independent Marketers accept blame for fuel scarcity

    The Independent Petroleum Marketers Association of Nigeria (IPMAN) has exonerated the federal government of any blames associated with the current lingering fuel shortages across the country, clarifying that Nigerians should rather blame the prolonged leadership crisis that...

    • Posted April 6, 2016
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  • African producers mull survival options amid low oil prices

    Since the prices of crude oil in the international market took an uncertain path, the economies of some key African oil producing countries have received some significant battering, especially those that rely heavily on crude oil export...

    • Posted April 6, 2016
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  • Terrorism: Nigerian airports 96% secure – ICAO

    Nigerian airports are 96 per cent secure, the International Civil Aviation Organisation has said. This is coming as the organisation announced that it had commenced high-level discussions with African countries on measures to address and counter the...

    • Posted April 6, 2016
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