Don't Miss


Latest News

  • NSE index continues slide

    The Nigerian Stock Exchange All-Share Index declined further on Tuesday, shedding 192.76 basis points or 0.63 per cent to close at 30.614.81 basis points as stocks continued to fall. The ASI had dipped by 0.91 per cent...

    • Posted July 30, 2015
    • 0
  • Customs seal Stallion, Olam over rice import debt

    Operatives of the Nigeria Customs Service on Tuesday sealed the premises of Stallion Group’s Popular Foods and Masco Agro, and Olam in a bid to recover over N23.6bn allegedly owed the government by four rice importers. Other...

    • Posted July 30, 2015
    • 0
  • 11 companies may make NSE’s $1billion premium board

    In a bid to enhance its plans to make  the Nigerian Stock Exchange (NSE) a $1 trillion market, authorities at the exchange have concluded arrangements to float a new board to be called Premium Board. The NSE...

    • Posted July 30, 2015
    • 0
  • Presco lauds CBN’s forex restriction on importation

    Presco Plc has commended the Central Bank of Nigeria (CBN’s) policy to ban foreign exchange sales to certain segments of the economy, noting that this move by the apex bank will help save its hard-earned and scare...

    • Posted July 29, 2015
    • 0
  • Widening gap in interbank, parallel forex markets spurs round-tripping

    As the Central Bank of Nigeria’s (CBN) earnings-constraining regulations as well as its tight monetary policies continue to eat deeply into commercial banks’ profitability, the yawning gap between the interbank and the parallel market forex rates has...

    • Posted July 29, 2015
    • 0
  • NAICOM releases guidelines for market conduct, business practices by insurance companies

    The National Insurance Commission (NAICOM) on Tuesday released guidelines for Market Conduct and Business Practice for all Insurance institutions in the country. The Commissioner for Insurance (CFI) Mr Fola Daniels, represented by the Director of Authorisation and...

    • Posted July 29, 2015
    • 0
  • Osun Osogbo Festival to be listed on the Nigerian Stock Exchange

    Mr Ayo Olumoko, the organiser of Osun Osogbo Festival on Tuesday said plans were underway to list it on the Nigerian Stock Exchange (NSE). Olumoko said this while addressing newsmen during the unveiling of the 2015 edition...

    • Posted July 29, 2015
    • 0
  • FG’s gross revenue hits N485bn in June

    The gross revenue of the Federal Government rose for the second month in June, hitting N485.95bn ($2.44bn), Reuters reported on Monday quoting the Ministry of Finance. The amount is 33 per cent higher than the amount the...

    • Posted July 29, 2015
    • 0
  • Import quota: FG moves against defaulters, seals four warehouses over N23bn debt

    Nigeria Customs Service has commenced the sealing up of warehouses of four defaulting Rice Importers. “The action is intended to give a bite to several letters of warming and ultimatum to the beneficiaries of rice import quota...

    • Posted July 29, 2015
    • 0
  • Only 36% Nigerians experience improvement in electricity

    A recent poll results on the level of public electricity services to Nigerians have revealed that only about 36.4 per cent of the country’s 160 million people have seen some improvements in electricity supply in the last...

    • Posted July 29, 2015
    • 0
  • Nigeria’s gas reserves life index stands at 79 years – DPR

    The Department of Petroleum Resources (DPR) has stated that Nigeria’s gas reserves of 188 trillion cubic feet (TCF) would be exhausted within 79 years from January 1, 2015. Speaking at a recent meeting of the Nigerian Gas...

    • Posted July 29, 2015
    • 0
  • Oil falls below $54, threatens Nigeria’s savings

    The global benchmark Brent crude hit a four-month low of $53.33 per barrel on Monday, thereby threatening the expected accretion to Nigeria’s Excess Crude Account this year. The steep decline in oil prices had forced the National...

    • Posted July 29, 2015
    • 0
  • NSE emerges top African regulator

    The Nigerian Stock Exchange has been named the African Regulator of The Year at the 6th African Business Leadership Forum and Awards, the Exchange said on Monday. The Chief Executive Officer, NSE, Mr. Oscar Onyema, was also...

    • Posted July 29, 2015
    • 0
  • BVN: NIBSS partners foreign firm for Nigerians abroad

    The Nigeria Inter-Bank Settlement System Plc says it has collaborated with a foreign company, Online Integrated Solutions, to enable it carry out a biometric registration of Nigerians in the Diaspora. The Managing Director, NIBSS, Mr. Ade Shonubi,...

    • Posted July 29, 2015
    • 0