Don't Miss


Latest News

  • FG expends N373bn on PHCN severance benefits

    The National Council on Privatisation (NCP) has affirmed that a total sum of N373.17 billion has been paid to staff of the defunct Power Holding Company of Nigeria (PHCN) as entitlements. While commending the progress achieved by...

    • Posted April 24, 2015
    • 1
  • SEC to reduce transaction time

    The Securities and Exchange Commission on Wednesday said the Capital Market Committee was working to reduce the settlement cycle for transactions in the capital market and on other initiatives that would speed up the development of the...

    • Posted April 24, 2015
    • 0
  • Buhari to publish PwC Forensic Audit on NNPC

    President-elect Muhammadu Buhari’s administration will publish the full audit of the Nigerian National Petroleum Corporation (NNPC) and expects the state-run oil firm to repay the government more than previously recommended, former Ekiti State Governor, Dr. Kayode Fayemi,...

    • Posted April 24, 2015
    • 1
  • Nigeria’s Code of Corporate Governance ready

    The steering committee constituted by the federal government to develop a National Code of Corporate Governance (NCCG) for the country has finalised work on the draft document. To this end, the NCCG was on April 15th exposed...

    • Posted April 24, 2015
    • 1
  • IFC, MasterCard expand electronic payment agreement

    The International Finance Corporation, an arm of the World Bank Group, has signed an agreement with MasterCard Incorporated to establish a risk-sharing facility, which is expected to provide millions of people in emerging markets access to electronic...

    • Posted April 24, 2015
    • 0
  • Delayed subsidy payment increases marketers’ debt

    Constant delay in subsidy reimbursement by the Federal Government has led to increase in oil marketers’ debt exposure, driving their finance charges higher, industry analysts have said. According to analysts at Ecobank Capital, the sustained delay in...

    • Posted April 24, 2015
    • 4
  • NLNG sets aside N199bn for local vendors

    The Nigeria Liquefied Natural Gas Limited has set aside $1bn (N199bn) under the NLNG Local Vendors’ Financing scheme for its registered vendors in the country. This, the firm said, would help facilitate access to funds from participating...

    • Posted April 24, 2015
    • 0
  • Reduce charges on bank deposits – LCCI urges CBN

    The Lagos Chamber of Commerce and Industry has called on the Central Bank of Nigeria to reduce charges on bank deposits, especially the 0.5 per cent fee payable to the Nigeria Deposit Insurance Corporation and another 0.5...

    • Posted April 24, 2015
    • 0
  • CardExpo 2015 to discuss E-Payment growth potential

    Intermarc Consulting Limited, organisers of the annual CardExpo conference and exhibition,  has said arrangements have been concluded to host the 2015 edition of CardExpo in Lagos, with a focus on electronic payment, the assumption that underlines growth...

    • Posted April 24, 2015
    • 0
  • Credit to private sector rises to N18.639tn

    Banking sector credit to the private sector increased year-on-year by 2.5 per cent or N461 billion to N18.638 trillion at the end of February 2015, compared with the N18.178 trillion it stood at the end of January...

    • Posted April 23, 2015
    • 0
  • Group reveals increased inflow of foreign portfolio investments in Nigeria

    The Association of Assets Custodians of Nigeria (AACN) has said that the country has recorded an increase in the volume of foreign portfolio INVESTMENTS (FPIs) in the past few weeks. President of AACN, Mrs.  Kemi Adewole stated...

    • Posted April 23, 2015
    • 0
  • Lagos IPP reduces energy cost by 40% — Fashola

    Lagos State Governor, Mr. Babatunde Fashola, has said that the state’s Independent Power Plants, has reduced the government’s energy cost by 40 per cent. Fashola spoke on Tuesday at the opening ceremony of the three-day 7th Lagos...

    • Posted April 23, 2015
    • 3
  • Nigerian economy generated 369,485 jobs in fourth quarter of 2014

    The Nigerian economy added a total of 369,485 new jobs in the fourth quarter of 2014 (Q4, 2014), according to the National Bureau of Statistics (NBS). According to the latest job creation statistics released on Tuesday, the...

    • Posted April 23, 2015
    • 1
  • Operators push for Gwarzo’s confirmation as DG of SEC

    Strong indications emerged on Tuesday  that the CAPITAL MARKET community has made a recommendation to President Goodluck Jonathan to appoint the acting Director General (DG) of the Securities and Exchange COMMISSION (SEC), Mr. Mounir Gwarzo, as the...

    • Posted April 23, 2015
    • 0