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  • Analysts seek improved monetary, fiscal policy collaboration under Buhari

    The incoming administration of Major General Muhammadu Buhari has been advised to ensure improved collaboration between the monetary and fiscal authorities in economic management. A report by Renaissance Capital Limited on Wednesday, specifically noted that such collaboration...

    • Posted April 3, 2015
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  • CBN advocates more financing for medium, small business

    Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has reiterated the strategic importance of the Micro, Small and Medium Enterprise (MSME) to the growth of the nation’s economy, saying  they needed more funding. This was stated...

    • Posted April 3, 2015
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  • Naira gains 7%, now 211 to dollar

    The naira appreciated by seven per cent to 211 against the United States dollar at the parallel market following the victory of the candidate of the All Progressives Congress, Gen. Muhammadu Buhari, in Saturday’s presidential election. The...

    • Posted April 3, 2015
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  • Nigerian passengers condemn Delta Airlines over flight hitches

    Aggrieved Nigerian passengers of Delta Airlines have berated the management of the United States carrier for allegedly putting old planes, which often develop technical problems, on the Nigerian route. The travellers, who spoke with our correspondent at...

    • Posted April 3, 2015
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  • Analysts call for full deregulation of downstream sector

    Analysts at BGL Research and Intelligence have stressed the need for the full deregulation of the downstream oil sector amid the decline in global oil prices. They said the failure to take advantage of the reduction in...

    • Posted April 3, 2015
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  • Stock market soars on Buhari’s victory

    The Nigerian stock market recorded its biggest rise in a day on Wednesday as investors scrambled to buy stocks following the declaration of Gen. Muhammadu Buhari of the All Progressive Congress as the winner of the presidential...

    • Posted April 3, 2015
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  • MTN shares gain most in five years

    MTN Group Limited, Africa’s biggest wireless operator, increased the most in almost five years after former military ruler Muhammadu Buhari won a largely peaceful vote in Nigeria, the South African company’s biggest market. According to Bloomberg, the...

    • Posted April 3, 2015
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  • Shareholders hail GTBank’s performance, approve dividend

    Shareholders of Guaranty Trust Bank Plc on Tuesday commended the performance of the bank despite the challenging environment. The shareholders also approved the N1.75 dividend per share   recommended for the year ended December 31, 2014. Some of...

    • Posted April 2, 2015
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  • Nigeria’s 5-year bond yield drops

    Nigeria’s five-year bond yield fell 33 basis points on Tuesday after a United States investor bought government debt, with uncertainty surrounding presidential elections in Africa’s biggest economy easing, a dealer at a major commercial bank told Reuters....

    • Posted April 2, 2015
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  • India, China cut crude oil imports from Nigeria

    India, which recently replaced the United States as Nigeria’s biggest oil market, cut its import of the country’s crude by 38 per cent in December, while China did not import a barrel from the country in the...

    • Posted April 2, 2015
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  • Fidelity Bank records 72% profit growth

    Fidelity Bank Plc’s audited financial results for the year ended December 31, 2014 has revealed that the bank made a profit before tax of N15.5 billion. This represents a growth by 72 per cent, compared with the...

    • Posted April 2, 2015
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  • Buhari urged to focus on electricity, security, job creation

    As Nigerians continue to celebrate the peaceful conclusion of the presidential election, a survey has revealed ‘electricity’ as the top economic issue Nigerians want the incoming administration of Major General Muhammadu Buhari to focus on. The poll...

    • Posted April 2, 2015
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  • External reserves fall to $29.79bn

    The nation’s foreign exchange reserves fell by 4.9 per cent to $29.79bn on March 30, from $31.35bn in February, data from the Central Bank of Nigeria on Tuesday showed. Year-on-year, the reserves fell by 21.3 per cent...

    • Posted April 2, 2015
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  • Rising inflation: NECA predicts capital outflow

    The Nigerian Employers Consultative Association has predicted a capital outflow and a loss of the country’s competitiveness if the inflation rate continues to rise in the coming months. It explained that import penetration into the Nigerian market...

    • Posted April 2, 2015
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