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  • CBN to issue N195billion treasury bills

    The Central Bank of Nigeria (CBN) plans to sell N195.17 billion worth of 3-month, 6-month and 1-year treasury bills on August 5. A breakdown of the proposed debt auction according to the central bank include N45.17 billion...

    • Posted July 31, 2015
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  • Fuel subsidies must be removed at all cost – Rewane

    The Chief Executive of Financial Derivatives Company, Mr. Bismark Rewane, yesterday said the federal government would have to remove both petrol and exchange rate subsidies if it must get the economy back on the right track. He...

    • Posted July 31, 2015
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  • NSE: House to ensure telecoms, oil firms’ listing

    The Speaker of the House of Representatives, Mr. Yakubu Dogara, said on Wednesday that the House would pass a legislation compelling telecommunications and oil companies operating in the country to list on the Nigerian Stock Exchange. He...

    • Posted July 31, 2015
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  • NNPC subsidiary, Seplat seek N59bn loan

    The Nigerian Petroleum Development Company Limited, a subsidiary of the Nigerian National Petroleum Corporation, and Seplat Petroleum Development Company Plc are looking to secure loan facilities up to a limit of $300m (N59bn) to fund joint venture...

    • Posted July 31, 2015
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  • SEC inaugurates e-dividend portal

    The Securities and Exchange Commission on Wednesday announced the inauguration of an e-dividend portal to ease the dividend payment process and solve the problem of unclaimed dividends. The Director-General, SEC, Mr. Mounir Gwarzo, who announced the development...

    • Posted July 31, 2015
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  • High tariff: Car imports drop by 70%

    Automobile importers and dealers are currently experiencing a tough time as the implementation of the 70 per cent import tariff on cars is taking a heavy toll on their business. Findings by our correspondents at the Lagos...

    • Posted July 31, 2015
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  • Rice investors decry Customs action on retrospective duty

    Rice investors and importers in the country are unhappy with the action of the Nigeria Customs Service (NCS), who sealed their warehouses over alleged non-payment of N23.60 billion importation levy. Some of the importers are said to...

    • Posted July 31, 2015
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  • Visa pledges to tackle ATM fraud in Nigeria

    One of the leading payment system company, Visa International, has stressed its desire to tackle ATM card fraud in Nigeria in order to promote convenience and facilitate efficiency in banking activities in the country. The company disclosed...

    • Posted July 30, 2015
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  • NELMCO saves FG billions from verification of N462bn PHCN liabilities

    Working with the Ministry of Power, Office of the Accountant General of the Federation and Debt Management Office (DMO), the Nigeria Electricity Liability Management Company (NELMCO) Limited may have effectively verified the factual status of an outstanding...

    • Posted July 30, 2015
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  • NNPC outlets, others now sell petrol above N87

    Filling stations belonging to the Nigerian National Petroleum Corporation have joined their independent counterparts in selling Premium Motor Spirit or petrol for a minimum of N100 per litre, which is higher than the N87 per litre official...

    • Posted July 30, 2015
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  • Emefiele vows to sustain Forex policy on 41 items, recover unpaid duties on rice imports

    Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has declared that there is no going back on the central bank’s recent policy shutting out 41 imported items from the foreign exchange (forex) window, even...

    • Posted July 30, 2015
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  • TCN records new power transmission peak of 4662MW again

    The Transmission Company of Nigeria (TCN) on Wednesday disclosed that the national electricity grid transmission has attained a new peak capacity of 4,662 megawatts (MW), some 6MW different from its last record of 4656MW. TCN, in a...

    • Posted July 30, 2015
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  • Market integration: United Capital, CB complete first trade

    The West African Capital Markets Integration Council says United Capital Securities and CAL Brokers have successfully completed the first direct trade between two West African countries under the phase one of its markets integration programme. The trade...

    • Posted July 30, 2015
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  • Nigeria, UK target greater capital flows

    The Nigeria-United Kingdom Capital Markets Project on Tuesday stepped up efforts to enhance capital flows into the Nigeria capital market by launching a report aimed at encouraging the long-term development of the market. The report, ‘Nigerian capital...

    • Posted July 30, 2015
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