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  • Oil falls below new budget benchmark

    The price of global benchmark Brent crude oil fell about three per cent on Monday to a six-week low of $52.50 per barrel, less than a week after the National Assembly adopted $53 per barrel as the...

    • Posted March 18, 2015
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  • Vehicle financing scheme to commence in April – NAC

    The Director-General, National Automotive Council, Mr. Aminu Jalal, has said that the vehicle finance scheme that will enable Nigerians to purchase brand new cars assembled in the country will commence at the end of April. Jalal said...

    • Posted March 18, 2015
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  • FG to prosecute firms that spill oil

    International and indigenous that firms that spill oil in the country will soon face criminal charges, the Federal Government has warned. Similarly, a two-day bilateral exercise between Nigeria and Cameroon aimed at testing communication between both countries...

    • Posted March 18, 2015
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  • PIB will not affect gas transportation network code – DPR

    The Department of Petroleum Resources (DPR) has given an assurance to industry stakeholders that passage of the Petroleum Industry Bill (PIB) by the National Assembly will not affect the implementation of the Nigerian Gas Transportation Network Code...

    • Posted March 18, 2015
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  • Senate Committee summons CBN, AMCON over Cecilia Ibru’s N150bn assets

    Six years after the erstwhile Managing Director of the defunct Oceanic Bank, Mrs. Cecilia Ibru, was removed and later convicted for alleged diversion of shareholders’ funds, the last appears not to have been had over the N150...

    • Posted March 17, 2015
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  • Banking software firm expands in Nigeria

    The CR2, an international firm that assists banks to reduce costs and increase revenues through the use of self-service channels, said it has expanded its operations in Nigeria. The firm said the move was spurred by the...

    • Posted March 17, 2015
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  • Naira battling for stability after heavy loss

    Amid continued efforts by the Central Bank of Nigeria to prop up the value of the weakening naira, the currency strengthened by 1.7 per cent against the United States’ dollar in January as it closed at 187.6...

    • Posted March 17, 2015
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  • Heritage, Enterprise Banks to finalise business integration

    Heritage Bank Limited has announced the commencement of the final round of activities towards the integration of its operations with Enterprise Bank Limited into a single entity. The latest round of activities, according to a statement from...

    • Posted March 17, 2015
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  • FG shifts payment deadline for 10 NIPPs again

    In an apparent sign that the privatisation of the 10 power stations built under the National Integrated Power Plants (NIPPs) is in jeopardy, the National Council on Privatisation (NCP), through the Niger Delta Power Holding Company (NDPHC),...

    • Posted March 17, 2015
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  • Nigeria bonds to rise on election jitters

    The yields on Nigerian bonds are expected to rise this week on uncertainty over a delayed presidential election, while other African countries including Kenyan Treasury bill yields will ease further on increased liquidity. Nigerian bonds yields will...

    • Posted March 17, 2015
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  • CBN rules out control of foreign investment

    The Central Bank of Nigeria has said that there are no plans to introduce capital controls despite the current economic challenges facing the nation. According to the CBN Governor, Mr. Godwin Emefiele, capital control is a phrase...

    • Posted March 17, 2015
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  • ETPs worth N6.5m traded last week

    The Nigerian Stock Exchange witnessed an increase in the trading of Exchange Traded Products last week, with 366,178 units of ETPs valued at N6.500m traded in 27 deals. This is in contrast to the 223,470 ETP units...

    • Posted March 17, 2015
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  • ICAN, CITN sign MoU on taxation training

    The Institute of Chartered Accountants of Nigerian says it has signed a Memorandum of Understanding with the Chartered Institute of Taxation of Nigeria. With the MoU, chartered accountants who are ICAN members can practise taxation without having...

    • Posted March 17, 2015
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  • Lafarge Africa declares N3.60 dividend for shareholders

    Lafarge Africa Plc, one of the leading cement and building solutions providers, last Friday recommended a dividend of N3.60 per share for the year ended December 31, 2014. The dividend is six per cent higher than the...

    • Posted March 17, 2015
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