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  • BGL Group summoned by SEC over fresh N2.9bn complaints by investors

    The Securities and Exchange Commission (SEC) has invited BGL Securities Limited, BGL Assets Management Limited and their sponsored individuals to appear before the SEC Administrative Proceedings Committee (SEC APC) to provide answers to fresh complaints from various...

    • Posted January 12, 2016
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  • BPE explains N27bn insurance premium for PHCN workers

    The Bureau of Public Enterprises has said it secured the approval for the payment of N27.18bn as premium for the group life insurance for workers of the defunct Power Holding Company of Nigeria after the firm defaulted...

    • Posted January 12, 2016
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  • Inflation to hit three-year high – FDC

    The nation’s inflation rate for December 2015 is expected to nudge further to 9.5 per cent, the highest level since February 2013, analysts at Financial Derivatives Company Limited have said. The inflation rate for November stood at...

    • Posted January 12, 2016
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  • TSA: Minister, Senate may clash over NCC budget

    The decision by the Minister of Finance, Mrs. Kemi Adeosun, to include the Nigerian Communications Commission among the Federal Government agencies that must submit their annual budgets to the ministry for approval has pitted her against the...

    • Posted January 12, 2016
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  • We are still weighing options on forex – Emefiele

    As pressure continues to mount on the Central Bank of Nigeria (CBN) to reverse some aspects of its policy on foreign exchange, the apex bank governor, Godwin Emefiele, Saturday said no decision had been taken on the...

    • Posted January 11, 2016
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  • NSE: Top 10 broking firms handled N1.3trn transactions in 2015

    As cautious optimism heralded the first week trading sessions of the year on the floor of the Nigerian Stock Exchange last week, fresh data pushed into the capital market has shown that 67.11 per cent of the...

    • Posted January 11, 2016
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  • N820bn oil revenue under threat as exports drop

    The proposed oil revenue in the 2016 budget presented by President Muhammadu Buhari to the National Assembly about three weeks ago is facing a setback as the nation’s crude exports begin to fall amid further slide in...

    • Posted January 11, 2016
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  • FG, states, LGs to share N5.7tn this year

    A total sum of N5.7tn is being planned to be distributed among the three tiers of government as allocations for the 2016 fiscal year, figures obtained from the Medium Term Expenditure Framework have revealed. The framework covers...

    • Posted January 11, 2016
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  • Forex: Cocoa processors lose as farmers make profit

    The President, Cocoa Processors Association of Nigeria, Mr. Dimeji Owofemi, has said that cocoa processors are recording huge losses on cocoa beans as a result of the Federal Government’s foreign exchange market restrictions. In an exclusive interview...

    • Posted January 11, 2016
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  • RenCap proposes N250/$1 currency adjustment for Nigeria

    As the debate over the naira devaluation rages on, analysts at Renaissance Capital (RenCap) have stated that it would be good to see Nigeria shift its currency this month to about $250/$1. Adjusting the naira to the...

    • Posted January 10, 2016
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  • Auctioneers call on Buhari to probe sale of NITEL/MTEL

    The National President of the Nigeria Association of Auctioneers (NAA), Aliyu Kiliya, has called on President Muhammadu Buhari to honour his   promise to probe the sale of NITEL/MTEL obsolete items, following outraged that trailed its sale. Kiliya...

    • Posted January 10, 2016
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  • Plunging oil prices: Speculators bet on $15 per barrel in 2016

    As crude oil price plunges further, global speculators are reported to be buying put options contracts that will only pay out if price drops to as low as $15 a barrel in 2017, the latest sign some...

    • Posted January 10, 2016
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  • Banks to intensify competition for retail deposits

    Competition for retail deposits is expected to be intensified across the banking industry this year as competitive frontier shifts to efficiency and margin, a report has shown. In addition, the report titled: “The Year Ahead-2016,” by Diamond...

    • Posted January 10, 2016
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  • National Assembly may cut $38 oil benchmark

    The National Assembly is likely to reduce the crude oil benchmark price of $38 per barrel proposed by the executive for the 2016 budget, the Chairman, Senate Committee on Media and Public Affairs, Senator Saabi Abdullahi, has...

    • Posted January 9, 2016
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