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  • CBN: BVN enrollment to continue in banks

    The Central Bank of Nigeria (CBN) on Tuesday clarified that though the deadline for enrollment of the customer Bank Verification Number (BVN) elapsed on October 31, the exercise would nevertheless continue. CBN Director, Corporate Communications, Alhaji Ibrahim...

    • Posted November 12, 2015
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  • Chevron: Investment in Nigeria’s oil and gas industry drops by 20%

    The President of Chevron Africa and Latin America Exploration and Production, Mr. Ali Moshiri, has raised the alarm that total investment by all players in Nigeria’s oil and gas industry, which stood at $20 billion in 2014...

    • Posted November 12, 2015
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  • SEC moves to ensure compliance with Corporate Governance Code

    The Securities and Exchange Commission is intensifying efforts to collaborate with other regulators to ensure good corporate in the nation’s capital market. Speaking in Abuja when  the executives of the Institute of Chartered Secretaries and Administrators of...

    • Posted November 12, 2015
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  • Firms to build N20bn solar plant in Kaduna

    Access Infra Africa has signed a joint development agreement with Nigerian Quaint Global Energy Solutions for a $100m (N20bn) solar power plant of 50 megawatt capacity that is expected to provide electricity for over 600,000 homes in...

    • Posted November 12, 2015
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  • Contributory Pension Scheme attracts 6.74 million workers

    Workers who have subscribed to the Contributory Pension Scheme have risen to 6.74 million in the past 11 years, investigation has revealed. Data made available to our correspondent on Tuesday by the National Pension Commission showed that...

    • Posted November 12, 2015
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  • N413bn subsidy approval fails to end petrol scarcity

    The petrol supply situation in the country has worsened as marketers say they have yet to receive the N413bn petrol subsidy arrears approved for them by the Federal Government through the Nigerian National Petroleum Corporation last Wednesday....

    • Posted November 12, 2015
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  • Barclays to cut Nigeria from emerging markets local Bond Index February 2016

    Barclays monday announced that it would remove Nigeria’s sovereign debt from its emerging markets local currency government bond benchmark from February 1, 2016. The announcement came a few weeks after United States investment bank, JP Morgan &...

    • Posted November 11, 2015
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  • Oando sustains recovery, leads price gainers

    Oando Plc on Monday sustained its bull run at the stock market, gaining the maximum daily 10 per cent to close at N8.50 per share, up from N7.72. The equity had last week appreciated by 28.5 per...

    • Posted November 11, 2015
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  • AMCON to sell Zenon, Acorn, Aquitaine assets

    A total of 32 petroleum product storage tanks worth several billions of naira have been put up for sale by the Asset Management Corporation of Nigeria, the agency created by the Federal Government to absorb bad loans...

    • Posted November 11, 2015
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  • BVN: BDCs now comply with Forex limits

    The implementation of the use of the Bank Verification Number (BVN) as a requisite for the purchase of foreign currency from the Bureau De Change (BDC) segment of the market may have compelled the operators to comply...

    • Posted November 11, 2015
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  • Ongoing reforms in NNPC anchored on NEITI Audit Reports

    The Nigeria Extractive Industries Transparency Initiative (NEITI) has described its yearly investigative reports on the activities of operators in Nigeria’s oil and gas industry as the dominant document with which the federal government is restructuring business and...

    • Posted November 11, 2015
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  • BoI’s boosts cables manufacturing by 30,000 tonnes

    Having aided the realisation of a local production capacity of about 30,000 metric tonnes in wires and cables in the country, the Bank of Industry (BoI) has emphasised the need for businesses to be innovative and effective...

    • Posted November 11, 2015
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  • 14 stocks delight investors amidst rampaging bears

    It is not all gloom at the Nigerian stock market as THISDAY checks have revealed that some stocks still boast of positive year-date-return despite the bearish trend in the market. Investors in about 14 stocks have booked ...

    • Posted November 10, 2015
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  • Total flaws DPR’s closure of Ibafon Depot, restates integrity

    Total Nigeria Plc has faulted the (DPR) over last Thursday’s closure of its Ibafon Depot based on an allegation that it was hoarding petrol due to the absence of loading at the time of it visit to...

    • Posted November 10, 2015
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