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  SEC tasks shareholders on growth of companies

  The acting Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, has urged shareholders to increase their monitoring of companies with a view to contributing to their growth. Speaking at a seminar organised by Independent...

  • Posted April 11, 2015
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  Post Election bond rally stalls on naira concern

  Nigeria’s post-election bond rally is stalling as foreign investors wait for a devaluation of the naira before buying the nation’s debt. Yields on benchmark naira bonds due March 2024 have climbed 61 basis points in the past...

  • Posted April 11, 2015
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  Equities rally lifts NSE index by 1%

  Equities on the Nigerian Stock Exchange rose on Thursday after a two-day drop, boosting the NSE All-Share Index by 1.01 per cent. Following four straight days of gains last week, equities had opened the week on a...

  • Posted April 11, 2015
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  CBN to publish new list of bank debtors

  In an effort to forestall another build up of non-performing loans (NPLs) in the banking industry, the Central Bank of Nigeria (CBN) and deposit money banks (DMBs) in the country yesterday disclosed plans to publish the names...

  • Posted April 11, 2015
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  AON congratulates Buhari, seeks improved aviation sector

  The Airline Operators of Nigeria (AON) has congratulated the President-elect, General Muhammadu Buhari (retd) and the outgoing President Goodluck Jonathan for the peaceful atmosphere that reigned supreme during the just concluded presidential elections. The body has also...

  • Posted April 11, 2015
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  CBN raises N183bn T-bills at lower yields

  The Central Bank of Nigeria has raised N183.64bn ($923m) in Treasury bills with yields falling compared with the previous sale last month. The Treasury bill yields fell in accordance with declining yields on fixed assets on renewed...

  • Posted April 11, 2015
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  Agency gives BoI good credit rating

  The Bank of Industry has secured a domestic credit rating of A- from Agusto & Co, a leading Nigerian credit rating agency. By the rating, the Bank of Industry has been adjudged an institution with a good...

  • Posted April 11, 2015
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  NDIC advises Aso Savings on Union Homes acquisition

  The Managing Director, Nigeria Deposit Insurance Corporation, Alhaji Umaru Ibrahim, has advised the management of Aso Savings and Loans Plc to ensure sound corporate governance in Union Homes Savings and Loans Plc. Ibrahim made the remark when...

  • Posted April 11, 2015
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  APBN seeks improved business environment from Buhari

  The Association of Professional Bodies of Nigeria has called on the incoming administration of Maj.-Gen. Muhammadu Buhari to create a comfortable business environment that will support the industrialisation of the economy. The body also expressed its desire...

  • Posted April 11, 2015
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  Stanbic IBTC secures $90m credit line from FMO

  Stanbic IBTC Bank said it has secured a $90 million line of credit facility from the FMO (NederlandseFinancierings- Maatschappijvoor Ontwikkelingslanden N.V). A statement from the bank yesterday explained that the purpose of the facility, consummated recently, was...

  • Posted April 11, 2015
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  Property of the Week: An ultra-modern plaza at Jabi, Abuja

  Our featured property of the week is a newly built, tastefully finished plaza for sale at Jabi, Abuja. This imposing edifice has six floors with a total floor area of 3,700 square metres.  It has multiple rest...

  • Posted April 10, 2015
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  Power: NERC cedes right of tariff determination to consumers, Discos

  The Nigerian Electricity Regulatory Commission (NERC) has disclosed that it is ceding part of its regulatory responsibilities with regards to transparent determination of appropriate tariff payable by consumers in Nigeria’s electricity industry to both consumers and distribution...

  • Posted April 10, 2015
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  FBN Holdings posts N83bn profit, gives dividend, bonus

  FBN Holdings Plc has recorded profit after tax of N82.8 billion for the year ended December 31, 2014, showing an increase of 17.3 per cent above N70.6 billion recorded in 2013. Based on the performance, the directors...

  • Posted April 10, 2015
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  Sahara optimistic about production from OPL 274

  Sahara Group’s upstream company has said it is making good progress with its activities in OPL 274 where it has a 100 per cent working interest, even as the company continues to press towards optimising opportunities in...

  • Posted April 10, 2015
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