Latest News

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  SEC plans new rules to make market more attractive

  The Board of the Securities and Exchange Commission (SEC) has given the go-ahead to the management of the commission to come out with new rules that will make the market more efficient and attractive to investors and...

  • Posted March 19, 2015
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  Access Bank splashes N13.7bn on shareholders

  Access Bank last week became the third bank to announce its 2014 results, putting a smile on the faces of its shareholders, writes Goddy Egene The sluggish performance of the nation’s stock market may be a source...

  • Posted March 19, 2015
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  Oil price crash may last longer – FG

  The harsh economy in Nigeria caused by the fall in global crude oil prices might last much longer as the Federal Government on Tuesday declared that there was no end in sight with respect to the plunge....

  • Posted March 19, 2015
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  FG begins N39.6bn MSME development programme

  The Federal Government on Tuesday inaugurated the first ever Nigerian Business Development Services Network for effective and productive performance of Micro, Small and Medium Enterprises in the country. The $200m (N39.6bn) project involves a network of private...

  • Posted March 19, 2015
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  Stowaway: NCAA directs Arik to review security arrangement

  The Director-General, Nigerian Civil Aviation Authority, Capt. Muhtar Usman, on Tuesday directed the management of Arik Air to review the existing security arrangement around its aircraft when not in operation. This is in a bid to forestall...

  • Posted March 19, 2015
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  Investors need professional help to manage risks – Expert

  For investors to mitigate risks, achieve their investment goals and achieve financial freedom, it is important for them to seek professional help, a financial analyst, Mr. Abayomi Adeyeri, has said. According to Adeyeri, savings and investment are...

  • Posted March 19, 2015
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  Analysts predict positive outlook for insurance sector

  Contrary to fears that the decline in national revenue occasioned by fall in oil price and depreciation in the Naira value would spell hardship for insurance industry as expressed recently by insurance chieftains, economy analysts said the...

  • Posted March 19, 2015
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  Market sheds N264bn as profit taking persists

  It was only nine stocks that recorded price appreciation at the stock market on Monday as bears descended on high cap stocks, dragging the Nigerian Stock Exchange (NSE) All-Share Index below 30,000 . The NSE ASI dipped...

  • Posted March 18, 2015
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  NPDC’s daily crude production hits 205kbpd

  Daily crude oil production capacity of the Nigerian Petroleum Development Company (NPDC) has shot up from 130, 000 barrels per day (bpd) to 205, 007 thousand (kbpd), Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has disclosed. Alison-Madueke...

  • Posted March 18, 2015
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  FirstBank GMD/CEO presents brand new car to winner in the FirstBank Savings Promo Bonanza final draw

  As part of its continued drive to encourage savings culture in the youth and unbanked segments as well as part of its reward initiative for its customers, FirstBank, Nigeria’s best banking brand has rewarded more customers in...

  • Posted March 18, 2015
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  Nigeria, others behind OPEC lowest output since June

  The decline in crude oil production in Nigeria, Iraq and Libya drove down output from the Organisation of Petroleum Exporting Countries to its lowest in February since June last year, according to the cartel’s latest monthly report...

  • Posted March 18, 2015
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  NERC may sanction Discos over hike in cost of meters

  The Nigerian Electricity Regulatory Commission (NERC) may sanction the electricity distribution companies for increasing the cost of electricity meters without the regulatory agency’s approval, THISDAY has gathered. The distribution companies had increased the cost of acquiring prepaid...

  • Posted March 18, 2015
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  BoI’s loan disbursements hit N780bn in 2014

  Managing Director of the Bank of Industry (BoI) Mr Olaoluwa, has disclosed that disbursements of intervention funds and loans from the Bank to the nation’s real sector and other key sectors have hit N780 billion as at...

  • Posted March 18, 2015
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  Petrol subsidy rises by 1,142% in seven weeks

  The amount payable by the Federal Government to oil marketers as subsidy on petrol has risen by over 1,142 per cent in the past seven weeks. As of January 21 this year, the subsidy payable by the...

  • Posted March 18, 2015
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