Don't Miss


Latest News

  • Expand e-Dividend campaign across Nigeria – Shareholders tell SEC

    Shareholders in the country’s capital market have stressed the need for the Securities and Exchange Commission to take its electronic dividend campaign to the six geopolitical zones of the country. The shareholders, who spoke to our correspondent...

    • Posted January 16, 2016
    • 0
  • Bank customers shun cash deposits into domiciliary accounts

    Bank customers are shying away from making cash deposits into their domiciliary accounts three days after the Central Bank of Nigeria lifted the ban on foreign currency deposits, our correspondent has learnt. The CBN had Monday said...

    • Posted January 16, 2016
    • 0
  • FG urged to create renewable energy fund to boost electricity

    The Managing Director of Cloud Energy, trading as cloudenergy.com.ng, Mr. Theophilus Nweke, has called on the federal government to consider setting up renewable energy fund for Nigerians, to enable them have easy access to finance  that will...

    • Posted January 15, 2016
    • 0
  • BPE writes Osinbajo, clears controversy on payments for PHCN’s windup

    The Bureau of Public Enterprises (BPE) has formally written to the Vice-President, Prof. Yemi Osinbajo, to explain the role its Director General, Banjamin Dikki played in engaging the legal team that concluded the winding up exercise of...

    • Posted January 15, 2016
    • 0
  • Nigeria rules out cutting oil production in isolation of OPEC

    Nigeria said wednesday it would not cut oil production outside the framework of the Organisation of Petroleum Exporting Countries (OPEC), even as nose diving crude prices caused by a global supply glut have ravaged its revenue. US...

    • Posted January 15, 2016
    • 0
  • Dangote to triple Nigeria’s gas consumption

    The President, Dangote Group, Alhaji Aliko Dangote, has said the gas pipeline being built by the company will triple the country’s consumption of the resource. Dangote said the 1,100-kilometer pipeline would give the country three billion cubic...

    • Posted January 15, 2016
    • 0
  • Ekiti Government begins disbursement of N500m SMEs loan

    Ekiti State Government has commenced the disbursement of N500 million Small and Medium-Sized Enterprises (SMEs) loan to the beneficiaries. The N500 million is the first tranche of the N2 billion the Central Bank of Nigeria (CBN) earmarked...

    • Posted January 15, 2016
    • 0
  • SEC DG urges investors to register for e-Dividend

    The Director-General, Securities and Exchange Commission, Mr. Mounir Gwarzo, has urged investors in the capital market to register for the e-Dividend scheme, stating that the commission is committed to ensuring that they receive their unclaimed dividends, the...

    • Posted January 15, 2016
    • 0
  • Food production: FG inaugurates equipment hiring scheme

    The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has signalled the commencement of the second phase of the Agricultural Equipment Hiring Enterprise under the Mechanisation Intervention Programme. The event, which held at the National Centre...

    • Posted January 15, 2016
    • 0
  • Nigeria under severe economic stress – IMF boss

    The Managing Director of the International Monetary Fund, Christine Lagarde, said on Tuesday that Nigeria was under severe economic stress. Lagarde, who was on a four-day visit to Nigeria last week, stated this at a farewell symposium...

    • Posted January 14, 2016
    • 0
  • Appraise your real sector customer loan requests – CBN tells banks

    In line with the decision reached at the last monetary policy committee meeting (MPC) to channel the liquidity that arose from the reduction of the cash reserve requirements (CRR) to 20 per cent, to employment generating activities...

    • Posted January 14, 2016
    • 0
  • NSE: Investors lose N804bn in seven days

    Equity investors in the country’s capital market in the first seven trading days of the year lost N804tn of their investment worth. Market capitalisation after the trading on the floor of the Exchange on Tuesday closed at...

    • Posted January 14, 2016
    • 0
  • NDIC to cover non-interest banks’ deposit liabilities

    The Nigeria Deposit Insurance Corporation said it had found it necessary to develop a framework for insuring deposit liabilities of non-interest financial institutions in the country. The NDIC, in a statement on Tuesday, noted that the successful...

    • Posted January 14, 2016
    • 0
  • Customers besiege banks to deposit dollars

    Following the directive by the Central Bank of Nigeria (CBN) lifting the restriction on the payment of foreign currencies into domiciliary accounts, bank customers on Tuesday  besieged banking halls to lodge US dollars in cash, among other...

    • Posted January 14, 2016
    • 0