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  • Fitch: Nigeria, others risk downgrade if oil doesn’t recover

    There are likely to be credit rating downgrades for Nigeria and other oil producing countries if prices of crude oil do not recover, global rating firm, Fitch said yesterday. “If oil prices fail to recover from current...

    • Posted January 17, 2015
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  • Power: FG to buy one million meters

    President Goodluck Jonathan has approved funds for the procurement of one million electricity meters. This is coming as the Federal Government on Thursday shifted its earlier target of generating 6,000MW of electricity before the end of 2014...

    • Posted January 17, 2015
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  • Foreign investors withdraw N793bn from stock market

    Foreign investors, alarmed by the economic and political risks in the country, pulled out N793.17bn from the Nigerian Stock Exchange between January and November 2014. The figure represents 67.5 per cent increase on the N473.61bn foreign portfolio...

    • Posted January 17, 2015
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  • Workers’ redeployment to improve market regulation – SEC

    The management of the Securities and Exchange Commission on Thursday said the redeployment of workers, which was done on Wednesday, was meant to improve the regulation of the capital market. SEC stated in a statement issued in...

    • Posted January 17, 2015
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  • FG sets up panel on infrastructure

    The Federal Government on Thursday inaugurated an inter-ministerial committee for the formal inauguration of the National Integrated Infrastructure Master Plan by President Goodluck Jonathan in the next few weeks. The NIIMP, which is a comprehensive development plan...

    • Posted January 17, 2015
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  • SEPLAT Petroleum refinances existing debt facilities

    Few days after its crude oil production was impacted by the recent acts of vandalism on the Trans Forcados Pipeline network, SEPLAT Petroleum Development Company Plc has stated that it has successfully refinanced its existing debt facilities...

    • Posted January 17, 2015
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  • House of the Week: A spectacular 5-bedroom detached house in Asokoro, Abuja

    Our house of the week is a 5 bedroom detached house for rent in Asokoro, Abuja. This property features 5 bedrooms, 5 bathrooms, 2 dining areas and 3 lounges. The entire interior has exquisite POP ceilings, high...

    • Posted January 16, 2015
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  • Access Bank opens Representative Office in China

    The bank explained in a statement on Wednesday that the move was part of its efforts towards becoming the world’s most respected African bank. It said the development affirmed its commitment to socio-economic development of the continent...

    • Posted January 16, 2015
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  • Traders urge governments to improve business environment

    A coalition of markets and traders’ associations in Lagos have called on both the federal and state governments to initiate policies that would improve the business environment in the state. Representatives of the coalition,  which comprises the...

    • Posted January 16, 2015
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  • NCAA may suspend more airlines over safety issues

    More airlines in the country may be sanctioned by the Nigerian Civil Aviation Authority over safety and operating issues. The NCAA had on Tuesday announced the suspension of the operations of Discovery Air over safety issues. Investigations...

    • Posted January 16, 2015
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  • Operators, FG open dialogue on 2015 budget

    Capital market operators under the aegis of the Chartered Institute of Stockbrokers (CIS), Association of Stockbroking Houses of Nigeria (ASHON) and Association of Issuing Houses of Nigeria (AIHN) have initiated a special dialogue with the federal government...

    • Posted January 16, 2015
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  • Achebe retires as Diamond Bank chairman

    Diamond Bank Plc on Wednesday disclosed that Igwe Nnaemeka Achebe has retired as the Chairman of its Board of Directors. His retirement was approved at a recent board meeting. Diamond Bank disclosed this in a two paragraphs...

    • Posted January 16, 2015
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  • Banks reduce lending to oil firms, airlines

    Companies in major sectors of the Nigerian economy are in for a tougher year as Deposit Money Banks have started reducing lending to them by as much as 50 per cent, our correspondent has learnt. It was...

    • Posted January 16, 2015
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  • NPA, operators disagree over shipping hub status

    The Nigerian Ports Authority and some key operators in the maritime industry are not on the same page over the plan to make the country a hub of shipping activities, COMFORT OSEGHALE writes The Nigerian Ports Authority...

    • Posted January 16, 2015
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