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  • Transport ministry reviews recruitment at NIMASA

    The Federal Ministry of Transport has begun a review of recruitment, placements and promotions embarked upon by the Nigerian Maritime Administration and Safety Agency since 2010. A statement by NIMASA’s Head of Public Relations, Hajia Lami Tumaka,...

    • Posted September 16, 2015
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  • Tax remittance will increase within one week – FG

    The number of taxpayers across the country will increase within the next one week, the Federal Government has said. According to the government, the requisite measures needed to actualise this feat have been made possible in partnership...

    • Posted September 16, 2015
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  • NSE’s zero tolerance for market infractions yields more results

    The  Nigerian Stock Exchange (NSE)’s zero tolerance  for infractions in the stock market has begun to yield more  positive results  as it has recorded 100 per cent compliance rate by Dealing Members. According to the NSE, the...

    • Posted September 15, 2015
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  • NIBSS, Telcos collaborate on BVN registration

    The Nigeria Interbank Settlement System (NIBSS) said it has gone into a partnership with Nigeria’s major telecommunication firms to enhance the bank verification number (BVN) registration. The partnership allows bank customers that had enrolled for the BVN...

    • Posted September 15, 2015
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  • Interbank lending rate down as liquidity rises

    The nation’s interbank lending rates fell 75 basis points to an average of 6.50 per cent on Friday from 8.25 per cent the previous week, as cash built up in the banking system, Reuters reported. Traders said...

    • Posted September 15, 2015
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  • NNPC to invite firms to tender for crude delivery contract

    A few weeks after the Nigerian National Petroleum Corporation (NNPC) cancelled the crude oil delivery contract for its refineries with Ocean Marine Transport (OMT) citing exorbitant costs and inappropriate process of engagement, it intends to retender the...

    • Posted September 15, 2015
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  • International air passenger traffic declines by 27.93% in Q2

    Total international air passenger traffic dropped by 27.93 per cent or as much as 406,369 passengers in the second quarter of the year (Q2 2015) compared to the preceding quarter, according to the National Bureau of Statistics...

    • Posted September 15, 2015
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  • Inflation rises to 9.3% – NBS

    The nation’s Consumer Price Index which measures inflation rose again in August to 9.3 per cent, an increase of 0.1 per cent over the July figure, and staying above the Central Bank of Nigeria’s target upper limit,...

    • Posted September 15, 2015
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  • Bad fuel: NCAA begins registration of oil marketers

    The Nigerian Civil Aviation Authority says it is set to commence the official registration of all aviation fuel marketers in the country. This follows the agency’s recent investigation into allegation of adulterated fuel supplied by oil marketers...

    • Posted September 15, 2015
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  • FG to raise bonds at lower yields

    Yields on Federal Government bonds are expected to be stable at the next debt auction on September 16 after the Central Bank of Nigeria declined to sell short-dated Treasury bills to banks asking for higher returns in...

    • Posted September 15, 2015
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  • Beware of counterfeit phones – NCC warns

    Between 15 per cent and 20 per cent of phones in the market are counterfeit, Acting Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, has said. Danbatta said this at a stakeholders meeting on...

    • Posted September 15, 2015
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  • Recapitalisation: 47 market operators apply for reclassification, merger

    With 17 days left for capital market operators to comply with the new minimum capital base set by the Securities and Exchange Commission (SEC) in 2013, 47 operators have applied to either merge or reclassify their businesses,...

    • Posted September 15, 2015
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  • NSE: market indicators record 2.29 per cent growth

    Equity transactions on the Nigerian Stock Exchange (NSE) closed upbeat on Monday as the market indicators improved by 2.29 per cent. The News Agency of Nigeria (NAN) reports that the appreciation was due to price gains sustained...

    • Posted September 14, 2015
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  • Refineries can’t account for N2.44bn crude — NNPC

    The nation’s refineries wasted or illegally disposed of 258,810 barrels of crude, which they received for processing in April and May this year, the Nigerian National Petroleum Corporation has disclosed. According to the petroleum information report, the...

    • Posted September 14, 2015
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