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  Ensure safety of aviation sector – NCAT Rector urges stakeholders

    The Rector, Nigerian College of Aviation Technology (NCAT), Zaria, Captain Samuel Caulckric, has advocated for stronger collaborative efforts from all stakeholders in aviation industry to enhance the sector’s safety. He stated this at a combined graduation...

  • Posted September 2, 2015
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  Stock Market sustains positive momentum

  Investors in the Nigerian equities market went home smiling again on Monday as the market sustained the positive momentum that commenced the previous week. The market has enjoyed sustained rally as macroeconomic concerns gradually eased off following...

  • Posted September 2, 2015
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  External reserves rise to $31.43billion

  Nigeria’s foreign exchange reserves were $31.43 billion on August 27, up by 1.12 per cent from $31.08 billion a month earlier, data from the Central Bank of Nigeria (CBN) showed on Monday. The forex reserves of Africa’s...

  • Posted September 2, 2015
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  Stable gas supply responsible for improved electricity — FG

  The Permanent Secretary, Ministry of Power, Ambassador Godknows Igali, on Monday said electricity had been stable in the country lately because there was no case of gas pipeline vandalism. Igali spoke with State House correspondents at the...

  • Posted September 2, 2015
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  Dangote plans Zimbabwe Cement Plant

  Africa’s richest man, Alhaji Aliko Dangote, monday said he plans to open a $400 million cement plant in Zimbabwe, a major boost for the southern African country that is desperate for foreign investment. The billionaire, whose business...

  • Posted September 2, 2015
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  Enugu Disco negotiates with customers on tariff review

  In line with the guidelines approved by the Nigerian Electricity Regulatory Commission (NERC) for public consultations by the distribution companies before applying for tariff review, Enugu Electricity Distribution Company (EEDC) recently concluded negotiations with electricity customers in...

  • Posted September 2, 2015
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  Naira drops to 218 as dollar demand rises

  The naira dropped on Monday by 2.3 per cent to 218 against the dollar at the parallel market. The greenback was sold for 213 at the black market on Friday. Foreign exchange traders linked the development to...

  • Posted September 2, 2015
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  Develop other revenue sources – Ambode advises FG, states

  Governor Akinwunmi Ambode of Lagos State has advised state governments and the Federal Government to develop alternative revenue sources as persistent declines in global oil price continue to impact negatively on the nation’s oil revenue. He also...

  • Posted September 2, 2015
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  Market capitalisation rises by N300bn

  The equities segment of the Nigerian Stock Exchange closed higher on Monday as investors took position ahead of the appointment of ministers by President Muhammadu Buhari. Buhari had on Thursday announced some key appointments including the Secretary...

  • Posted September 2, 2015
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  Oil slump: OPEC bows to pressure for negotiation

  The Organisation of Petroleum Exporting Countries has finally surrendered to market pressure, expressing its willingness to open talks with other crude producers following the persistent drop in oil prices. Crude is currently trading near multi-year lows, and...

  • Posted September 2, 2015
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  Ex-depot price of petrol drops as oil price crashes

  The slump in the price of crude oil in the international market has forced oil marketers to reduce the price of Premium Motor Spirit (PMS) or petrol at the depots in Lagos, THISDAY has learnt. The price...

  • Posted September 2, 2015
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  CBN urged to further devalue the naira

  The sustained low crude oil prices will continue to put pressure on Nigeria’s revenue as well as the country’s currency, a financial market expert has said. To this end, the Central Bank of Nigeria (CBN) has been...

  • Posted September 1, 2015
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  Customs nets N20.11bn from MMIA in six months

  The Nigerian Customs Service (NCS) at the Murtala Muhammed International Airport Command disclosed at the weekend that it has generated over N20.111 billion as revenue from its operations between January and July, 2015. Apart from the huge...

  • Posted September 1, 2015
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  Sanusi, others to examine global ethical finance

  A former Governor of the Central Bank of Nigeria and Emir of Kano, Muhammad Sanusi II, and other key stakeholders from the various segments of the ethical finance industry will gather at the 2015 Global Ethical Finance...

  • Posted September 1, 2015
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