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  • CBN’s forex policy gets backing

    President Muhammadu Buhari and two leading Nigerian economists have endorsed the Central Bank of Nigeria (CBN) foreign exchange management policy, just as local manufacturers have applauded the policy. This is coming on the heels of strong criticism...

    • Posted January 7, 2016
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  • Anga becomes NSE Investors’ Protection Fund chairman

    The Nigerian Stock Exchange (NSE) on Tuesday announced the appointment of Mr. Fubura Anga as the chairman of the  Board of Trustees of  its  Investors’ Protection Fund . According to the NSE, the appointment of Anga follows...

    • Posted January 7, 2016
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  • Total COT eradication to weigh on banks’ non-interest income

    The complete phase-out of commission on turnover (COT) from the Nigerian banking industry, which began on Monday, is expected to negatively affect banks’ non-interest income this year. The Central Bank of Nigeria (CBN) had in a 2013...

    • Posted January 7, 2016
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  • Bosch, UNIDO collaborate to boost cassava production

    Bosch, a global supplier of technology and services partnered United Nations Industrial Development Organisation (UNIDO) recently to organise a stakeholders consultative meeting in Lagos with farmers to discuss the prospect, challenges and marketing widows of cassava production...

    • Posted January 7, 2016
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  • Stakeholders condemn NLC’s opposition to petrol subsidy removal

    Operators in the oil and gas sector have condemned the continued opposition of the Nigeria Labour Congress to the removal of petrol subsidy by the Federal Government. According to them, the removal of subsidy on petrol by...

    • Posted January 6, 2016
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  • Marketers justify selling petrol above N86.50

    The reason why many filling stations across the country have refused to comply with the Federal Government’s directive to sell a litre of petrol for N86.50 as against the old pump price of N87 is because most...

    • Posted January 6, 2016
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  • Ambode signs budget, promises to make Lagos work

    The Lagos State Governor, Akinwunmi Ambode, on Monday said the 2016 budget was the article of faith of his administration with Lagosians and was in line with delivering on the promises he made to the people. The...

    • Posted January 6, 2016
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  • Transport sector’s 1.41% contributions to GNP unacceptable – Amaechi

    The Minister of Transport, Mr. Rotimi Amaechi, has said 1.41 percent aggregate contribution of the sector to the Gross National Product (GNP) is unacceptable by government. He admitted however that the maritime sector’s contribution to the nation’s...

    • Posted January 6, 2016
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  • Stock market recovers N649bn in two-day rally

    The Nigerian stock market recorded an unexpected rally last week, which was led to a recovery of N648.8 billion in market capitalisation in two days. The market appreciated 6.59 per cent while its month-on-month growth stood at...

    • Posted January 5, 2016
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  • Dangote calls for more investment in Nigeria

    The President, Dangote Group, Aliko Dangote, has urged local and foreign investors to invest more in the nation’s economy, because Nigeria offers good returns on investment. Addressing a group of businessmen, who paid him a visit in...

    • Posted January 5, 2016
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  • Nigerians pay less than 40% of electricity bills – Discos

    Nigerians pay less than 40 per cent of the monthly bills given to them by their various electricity distribution companies, the power firms have said. According to the Discos, a survey of customers’ compliance with settling their...

    • Posted January 5, 2016
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  • PENGASSAN opposes IPMAN on sale of refineries

    The Petroleum and Natural Gas Senior Staff Association of Nigeria has opposed the sale of the nation’s refineries as suggested by the Independent Petroleum Marketers Association of Nigeria. The National Public Relations Officer, PENGASSAN, Emmanuel Ojugbana, said...

    • Posted January 5, 2016
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  • Pension fund administrators shun foreign shares, money market securities

    National Pension Commission (PenCom) recently released its latest investment summary for October 2015, showing that no  pension money  was invested in foreign shares and money market securities. PenCom, in its investment summary for October, 2015, said no...

    • Posted January 5, 2016
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  • Capital adequacy: 24 stockbroking firms fail to make SEC’s final list

    Twenty-four stockbroking firms failed to make the final list of capital market operators (CMOs) that met the new minimum capital requirement stipulated by the  Securities and Exchange Commission (SEC). SEC had in 2013 announced a new minimum...

    • Posted January 5, 2016
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