Don't Miss


Latest News

  • CBN moves to deepen e-Payment system

    The Central Bank of Nigeria (CBN) has inaugurated the payment system strategy board, the payment scheme boards, the initiatives working groups and the special interest working groups. The move is part of efforts by the banking sector...

    • Posted February 3, 2015
    • 0
  • Investors, traders stay cautious on election concerns

    Investors and traders have retained a cautious stance as a result of concerns about the fast-approaching general elections, among other issues, it has been learnt. According to analysts, the development may cause the market to witness a...

    • Posted February 3, 2015
    • 0
  • Sale of kerosene directly to consumers will end exploitation – NNPC

    The Nigeria National Petroleum company (NNPC) has announced that the people of Eket Local Government Area of Akwa Ibom State would now buy kerosene at the rate of N50 against the previous rate of N130 per litre....

    • Posted February 3, 2015
    • 0
  • Governments urged to raise non-oil revenue to stabilise economy

    Some economists and financial market analysts have once more criticised the low level of non-oil revenue in the country. As a result of this, they have advised governments at all levels to increase the non-oil revenue required...

    • Posted February 3, 2015
    • 0
  • Subsidy on petrol now N1.23 per litre

    The Federal Government is still subsidising petrol by N1.23 per litre, latest statistics from the Petroleum Products Pricing Regulatory Agency have revealed. The pricing template of the PPPRA, which was last updated on January 29, 2015, stated...

    • Posted February 3, 2015
    • 0
  • SEC wants unclaimed dividends returned after 12 months

    The Securities and Exchange Commission has proposed rules and amendments to its rules and regulation, including rules on the return of unclaimed dividend. The commission has also proposed the inclusion of Independent National Electoral Commission voter registration...

    • Posted February 3, 2015
    • 0
  • FG tackles pipeline vandalism with electronic monitors

    The Federal Government has started installing electronic monitors to check the vandalism of gas pipelines as part of measures aimed at ensuring regular power supply, the Minister of State for Power, Mr. Mohammed Wakil, has said. He...

    • Posted February 3, 2015
    • 0
  • N350bn spent on South-West roads – Minister

    The Federal Government has spent N350bn on road projects in the South-West in the last four years, an amount it says is the highest among the six geopolitical zones. According to the government, 46.6 per cent of...

    • Posted February 3, 2015
    • 0
  • PZ shares rise despite decline in half-year profit

    The shares of P.Z Cussons Nigeria Plc appreciated by 18.6 per cent last week despite the bear run recorded in the stock market last week. The market closed negatively as the Nigerian Stock Exchange (NSE) All-Share Index...

    • Posted February 3, 2015
    • 0
  • Shipping charges: Port regulator moves to expose violators

    The nation’s port economic regulator, Nigerian Shippers’ Council, NSC, has commenced moves to expose terminal operators and shipping companies still involved in the collection of illegal charges on port users despite the order of the federal high...

    • Posted February 1, 2015
    • 0
  • FG commissions N60bn steel mill in Sagamu

    The Federal Government yesterday commissioned a N60billion integrated steel mill in Shagamu, Ogun State as part of productive activities thrown up by the sectorial implementation of the Nigerian Industrial Revolution Plan. The Minister of Industry, Trade and...

    • Posted February 1, 2015
    • 0
  • Retail investors are better off investing in mutual funds – Adewumi

    The Group Managing Director, Lead Capital Plc, Mr. Wale Adewumi, talks about investments in the Nigerian capital market and how domestic market participation can be improved, among other issues, in this interview with SIMON EJEMBI There have...

    • Posted February 1, 2015
    • 1
  • Naira depreciation could trigger inflation – NBS

    The National Bureau of Statistic (NBS) has said contrary to widespread speculations that increased pressures on prices could result from the election period, inflation could actually be caused by the recent depreciation of the Naira. It said...

    • Posted January 31, 2015
    • 0
  • FG urged to utilise Stock Market for infrastructural financing

    Stakeholders in the Nigerian capital market have unanimously called on the Nigerian government to tap into the enormous resource available in the capital market to finance critical infrastructure and ensure sustainable economic growth. They made this known...

    • Posted January 31, 2015
    • 0