Latest News

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  Oil companies’ dollar sale may boost naira

  The naira is likely to be steady next week on dollar sales by oil companies, while East African currencies are expected to be supported by central bank interventions,Reuters has reported. The naira is likely to trade around...

  • Posted January 31, 2015
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  FIRS generates N4.69tn revenue in 2014

  The Federal Inland Revenue Service (FIRS) said on Thursday that it generated N4.69 trillion from taxes for the federal government in 2014. FIRS said in its Quarterly Revenue Report issued in Abuja that the figure surpassed its...

  • Posted January 31, 2015
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  CBN, firm partner on e-Payment, e-Collections

  The Central Bank of Nigeria (CBN) has accentuated  the importance of keeping all funds in a treasury single account. This, it said would eliminate corruption and leakages in Internally Generated Revenue (IGR). The apex bank has also...

  • Posted January 31, 2015
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  Oil firms, banks renegotiate loans amid falling prices

  Buffeted by the decline in global oil prices from a peak of $115 per barrel in June 2014 to around $48 currently, several oil companies in Nigeria are restructuring the loans they obtained from banks for the...

  • Posted January 31, 2015
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  Stop politicising economy – Analysts tell FG, others

  Financial analysts on Thursday called on the Federal Government and other Nigerians to stop making comments that would further expose the economy to vulnerabilities, The analysts spoke to our correspondent in reaction to recent comments by both...

  • Posted January 31, 2015
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  Nigeria now has 21 functional steel mills – Aganga

  The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, on Thursday said the number of functional steel mills in the country had increased to 21 from less than five a few years ago due to the...

  • Posted January 31, 2015
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  Develop infrastructure with capital market funds — Experts

  Regulators, operators and other stakeholders in the Nigerian capital market have emphasised the need for governments at all levels to source funds for capital projects from the market. The stakeholders, who said the capital market was best...

  • Posted January 31, 2015
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  Diversification, vital to avert economic crisis – Aganga

  The Minister of Industry, Trade and Investment, Mr, Olusegun Aganga,  on Thursday stated that Nigeria must diversify its economy to achieve economic development. Aganga, who pointed this out  during a facility tour to Sparkwest Steel Industries Limited...

  • Posted January 31, 2015
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  Naira rises on strong dollar inflow

  The naira firmed sharply on Wednesday after the Nigerian National Petroleum Corporation (NNPC) sold about $350 million to lenders, helping the currency recover from a record low against the dollar. According to Reuters, the naira closed at...

  • Posted January 30, 2015
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  House of the Week: A beautiful 4-bedroom house in Apo, Abuja

  Our house of the week is a beautiful newly built 4 bedroom fully detached house for sale at Vision Court Estate, Apo, Abuja. This house features 4 bedrooms, 4 bathrooms, 2 lounges, 1 dining area and 2...

  • Posted January 30, 2015
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  Nigerian-American Chamber to promote non-oil exports

  The Nigerian-American Chamber of Commerce (NACC) has said it will focus on improving trade relations in non-oil sectors in between both countries. The National President, NACC, Mr. Olabintan Famutimi, said this on Wednesday at a press conference...

  • Posted January 30, 2015
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  Foreign lenders reduce credit to Nigerian banks

  Indications have emerged that a number of foreign banks have started suspending short and medium-term credit lines to their Nigerian counterparts as falling crude oil prices continue to fuel exchange rate volatility and uncertainties in the economy....

  • Posted January 30, 2015
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  Reassess your monetary, fiscal policies – IMF tells Nigeria

  The Managing Director of the International Monetary Fund, Christine Lagarde, has advised Nigeria to re-examine its fiscal and monetary policies immediately after elections to see if further action was needed after the government took steps to rein...

  • Posted January 30, 2015
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  NNPC releases 1,500 trucks of kerosene to Cross River

  It has been disclosed that the Nigerian National Petroleum Corporation (NNPC) has released 1,500 trucks of kerosene for distribution to the public. Media Officer of the Port Harcourt Refinery Petroleum Company Limited, Mr. Ikenna Okpani, disclosed this...

  • Posted January 30, 2015
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