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  • 50 French companies show interest in Nigeria

    Fifty French companies have indicated interest in the Nigerian capital market and the development of the country’s economy. In line with the interest, a delegation of representatives of the companies led by the Chairman, Mouvement des Entreprises...

    • Posted October 9, 2015
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  • Power firms may sue NERC over metering fines

    Power distribution companies have threatened to take the Nigerian Electricity Regulatory Commission to court over its planned sanction of errant Discos that failed to adhere to its directive on metering of electricity consumers. Most of the companies...

    • Posted October 9, 2015
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  • Egbin Power promises transformation, expansion programme

    The Chairman of Board of Egbin Power Plc, Mr. Kola Adesina, has restated the commitment of the board to the transformation and expansion programme on the plant to accelerate the nation’s drive towards sustainable power supply. Adesina...

    • Posted October 9, 2015
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  • Stock Market sheds N489billion in three months

    The market capitalisation of the Nigerian Stock Exchange (NSE) depreciated by a total of N489 billion in the third quarter of 2015 as it fell from N11.218 trillion as at July 1, to N10.729 trillion on September...

    • Posted October 8, 2015
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  • Ecobank scraps sale of stake in Nigerian unit after market slump

    Pan-African lender Ecobank Transnational Incorporated has scrapped a sale of part of its Nigerian business because falling market values mean it wouldn’t get a good enough price, according to Chief Executive Officer, Ade Ayeyemi. “The market is...

    • Posted October 8, 2015
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  • Telecoms operators now have 151million active customers – NCC

    Active lines in the nation’s telecommunications industry rose to 151,018,624 in the month of August, the Nigerian Communications Commission (NCC) has said. The commission made this known in its Monthly Subscriber Data made available to the News...

    • Posted October 8, 2015
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  • 2016 budget: FG directs MDAs to cut costs

    Vice-President Yemi Osinbajo on Tuesday said all government Ministries, Departments and Agencies would be expected to cut costs under the 2016 budget. He said this was necessary in order to control expenditure of the Federal Government, which...

    • Posted October 8, 2015
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  • Mercuria acquires 17% stake in Forte Oil for $200m

    One of Nigeria’s integrated energy solution providers, Forte Oil Plc, on Monday confirmed the acquisition of 17 per cent of its equity by Mercuria Energy Holdings SA for $200 million. With the foreign direct investment in Forte...

    • Posted October 8, 2015
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  • Recapitalisation: SEC engages 15 accounting firms to verify operators

    The Securities and Exchange Commission (SEC) has enlisted the services of over 15 accounting firms to verify the sources of funds by MARKET operators that complied with the new minimum capital requirement. SEC had in  2013, announced...

    • Posted October 8, 2015
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  • Oil price fall may continue till 2017 – OPEC

    The decline in global crude oil prices may not abate until 2017 as the oil market is expected to rebalance within two years, the Secretary-General of the Organisation of Petroleum Exporting Countries, Abdalla el-Badri, has said. Badri,...

    • Posted October 8, 2015
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  • Access Bank, Irish firm improve ATM, e-banking channels

    Access Bank Plc has collaborated with CR2, an Ireland-based self-service banking software provider, to modernise its Automated Teller Machines, Internet and mobile banking channels. CR2, in a statement, announced that the Nigerian lender had selected BankWorld, its...

    • Posted October 8, 2015
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  • London, SEC to strengthen Islamic finance in Nigeria

    The Securities and Exchange Commission and the City of London on Tuesday pledged to work together to deepen Islamic finance in Nigeria in order to bring financial inclusion to Nigerian Muslims and non-Muslims averse to traditional financial...

    • Posted October 8, 2015
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  • Fixed charge reduction temporary – Power firms

    Against the backdrop of growing agitation from many quarters for the removal of electricity fixed charges, most of the electricity distribution companies in the country have proposed a temporary reduction in the charges. The Discos stated this...

    • Posted October 8, 2015
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  • Why Nigerian Capital Market needs entrepreneurs – Stockbrokers

    Stockbrokers in the Nigerian Capital Market have stated that the market is in dire need of entrepreneurs to boost activities and reposition the market for global competitiveness. The stockbrokers  stressed that no capital market can thrive without...

    • Posted October 8, 2015
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