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  • NSE capitalisation climbs to N10.2tn as bull run persists

    The market capitalisation of the Nigerian Stock Exchange (NSE) climbed to N10.198 trillion on Wednesday on bargain hunting by investors, which has been on for three consecutive days. Having dipped by 14 per cent in the first...

    • Posted February 6, 2015
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  • NNPC puts Nigeria’s current crude oil losses through vandalism at 60,000b/d

    The Nigerian National Petroleum Corporation (NNPC) on Wednesday estimated that Nigeria currently loses about 60,000 barrels of crude oil and condensate per day through petroleum pipeline vandalism and sabotage. The NNPC also said the current crude oil...

    • Posted February 6, 2015
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  • Naira devaluation likely if oil hits $39 – Report

    A further devaluation of the naira is very likely if the price of oil in the international market drops below $40 per barrel, a new report has stated. The development may also force the Central Bank of...

    • Posted February 6, 2015
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  • Niger Republic’s dam threatens Kainji, Jebba power plants

    Two of Nigeria’s major hydroelectric power plants that draw water from the River Niger face the threat of reduced water volume as the plan by Niger Republic to dam the upstream section of the river continues to...

    • Posted February 6, 2015
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  • Power sector records N7.2bn losses in six months

    Nigeria’s power sector with an Aggregate Technical, Commercial and Collection losses put at over eight per cent, could have lost over N7.2bn from August 2014 to January this year, given a monthly ATC and C loss of...

    • Posted February 6, 2015
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  • FG set to inject N250billion into FMBN

    The Managing Director of Federal Mortgage Bank of Nigeria (FMBN), Mr. Gimba Ya’ Kumo, has said the federal  government has concluded all necessary arrangements to recapitalise the apex mortgage bank to the tune of N250 billion. While...

    • Posted February 6, 2015
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  • NBC to raise N69bn for digital broadcasting

    The National Broadcasting Commission plans to raise N69bn to handle the transition from analogue to digital broadcasting in the country. The Director-General, NBC, Mr. Emeka Mba, confirmed this in an interview with our correspondent in Abuja. The...

    • Posted February 6, 2015
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  • Nigeria’s Nominal GDP to hit N156.29trn in 2019

    Nigeria’s nominal gross domestic product (GDP), which was estimated at N84.91 trillion in 2014 is expected to grow to N95.09 trillion in 2015 and N156.29 trillion in 2019, provided this month’s election outcome is favourable. However, following...

    • Posted February 5, 2015
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  • Foreign participation in debt market drops to 13.7%

    Foreign participation in Nigerian fixed income securities market has almost halved to about 13.7 per cent, from its peak in 2013, Standard Chartered Bank revealed in its latest report titled: “Sub-Saharan Africa rates 2015 − Battling a...

    • Posted February 5, 2015
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  • FG to punish private airlines operating commercial flights

    The Federal Government has announced that it will come down hard on private airline operators that deviate from their core business. To this end, the Ministry of Aviation has directed all private airlines that engage in commercial...

    • Posted February 5, 2015
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  • SEC restates commitment to dematerialisation of shares

    The Acting Director-General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, has said the  apex regulator of the capital market is committed to the dematerialisation of share certificates as part of efforts to boost investors’ confidence...

    • Posted February 5, 2015
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  • CBN to boost forex liquidity with $30,000 to BDCs

    In order to improve liquidity in the Bureau De Change (BDC) segment of the foreign exchange market, the Central Bank of Nigeria (CBN) has disclosed plans to conduct a special intervention in that segment of the forex...

    • Posted February 5, 2015
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  • NSE index gains 0.45%, 27 stocks rise

    The equities segment of the Nigerian Stock Exchange closed on a positive note for the second day this week on Tuesday on the back of gains by 27 stocks. The gains lifted the NSE All-Share Index by...

    • Posted February 5, 2015
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  • Debt Management Office to sell N90bn bonds

    The Federal Government is planning to raise N90bn ($475m) in sovereign bonds with maturities ranging between five and 20 years at its next regular auction on February 11, the Debt Management Office has said. The debt office...

    • Posted February 5, 2015
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