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  • FG urged to enforce rules to save local manufacturers

    The Managing Director and Chief Executive Officer of Berger Paints Nigeria Plc, Mr. Peter Folikwe has called on the federal government to address the issues of exchange rate of the naira to foreign currencies, infrastructural deficit, multiple...

    • Posted August 4, 2015
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  • N2.32tn NLNG dividend not remitted to Federation Account – NEITI

    The Nigeria Extractive Industries Transparency Initiative on Sunday said the Nigeria Liquefied and Natural Gas Company had not remitted about $11.6bn (N2.32tn) to the Federation Account. NEITI also revealed that the country lost N220bn to crude oil...

    • Posted August 4, 2015
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  • 574,498 Nigerians joined labour market in H1 – NBS

    The National Bureau of Statistics on Sunday said a total of 574,498 active people joined the labour market in the second quarter of this year. It stated this in its second quarter unemployment/underemployment report, which was made...

    • Posted August 4, 2015
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  • PenCom canvasses investment of pension funds in Africa

    The National Pension Commission has said it will continue to promote the investment of pension funds within the African continent in line with the vision of the African Union’s economic development plan tagged ‘Agenda 2063’. A statement...

    • Posted August 4, 2015
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  • Islamic bank to begin operation in South West

    The South-West zonal committee for the operation of Jaiz Bank Plc said the bank would begin operation in Ibadan and other cities in the South-West towards the end of the year after all documents and other logistics...

    • Posted August 4, 2015
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  • Annual premium flight in insurance industry hits N148.5billion

    While stakeholders in the Nigerian insurance industry are celebrating the increase in gross income by 24 per cent to N319 billion ($1.60 billion) from N258 billion in 2013, THISDAY findings have revealed that the annual premium flight...

    • Posted August 4, 2015
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  • FBN Holdings appoint M. K Ahmad to its board

    FBN Holdings Plc., the leading and most diversified financial services group in Nigeria has announced the appointment of Mr. Muhammad K. Ahmad to its Board as a Non-Executive Director. This appointment, apart from deepening the already rich...

    • Posted August 3, 2015
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  • CBN defends naira with $4.9bn in three months

    The efforts by the Central Bank of Nigeria to stabilise the naira at the interbank market depleted the nation’s external reserves by $4.9bn in the first quarter of 2015. According to the CBN, the reserves fell by...

    • Posted August 3, 2015
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  • Why external reserves can’t be depleted for salaries, infrastructure – CBN

    The Central Bank of Nigeria (CBN) has said it is impossible to utilise the country’s External Reserves for infrastructural development as well as payment of workers’ salaries as being canvassed in some quarters. It maintained that the...

    • Posted August 3, 2015
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  • Falling naira: Manufacturers cut production by 50%

    Some manufacturers have cut production by more than 50 per cent as the sector grapples with the current economic realities of continued drop in naira value and escalating production costs. The President of the Lagos Chamber of...

    • Posted August 3, 2015
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  • Lagos, engine room of Nigeria’s development – Ambode

    Lagos State Governor, Mr. Akinwunmi Ambode, has described the state as the engine room for the growth and development of Nigeria. Ambode said this on Sunday when he led lawmakers and leaders of the All Progressives Congress...

    • Posted August 3, 2015
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  • FG spent N2b to rebase economy – CBN

    Facts are beginning emerge on what it cost the administration of former President Goodluck Jonathan to rebase the Nigerian economy, as the Director of Monetary Policy at the Central Bank of Nigeria, CBN, Mr. Moses Tule, has...

    • Posted August 2, 2015
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  • Nigerians groan as petrol sells above N110 nationwide

    Millions of Nigerians are complaining as petrol sells above N110 and queues by motorists continue to grow across the country. This is against an official price of N87 per litre as the Federal Government subsidises Premium Motor...

    • Posted August 2, 2015
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  • Kaduna Refinery begins production, to hit 2m litres daily by October

    The Kaduna Refining and Petrochemicals Company (KRPC), is now refining of about 60,000 barrels of crude per day following the rehabilitation of two of the company’s production lines. The company said it was currently working with a...

    • Posted August 2, 2015
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