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  • Importers condemn suspension of cargo flights to MMIA

    Importers who receive their goods at the Murtala Muhammed International Airport, Lagos have lamented the suspension of cargo flights into the airport. The Federal Airport Authority of Nigeria had on Friday suspended cargo flights into the MMIA...

    • Posted December 25, 2014
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  • Budget: FG slashes projected oil revenue by N1tn

    The intense pressure on oil global oil prices may have forced the Federal Government to scale down the projected oil and gas revenue for 2015 by N1.1tn to N6.05tn from N7.16tn approved in this year’s budget. The...

    • Posted December 25, 2014
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  • Jonathan to inaugurate 40MW Kashimbila Dam in February

    President Goodluck Jonathan will inaugurate the 40 megawatts Kashimbila multipurpose dam in February next year, the Minister of Water Resources, Mrs. Sarah Ochekpe, has said. According to her, the Federal Government will maximise opportunities such as potable...

    • Posted December 25, 2014
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  • NACCIMA predicts tough times for foreign, local investors

    The Nigerian Association of Chambers of Commerce and Industry, Mines and Agriculture (NACCIMA) on Tuesday stated that local and foreign investors in the country must brace up for an extremely turbulent  operating environment in the coming year,...

    • Posted December 25, 2014
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  • NSE moves 581.902m shares worth N3.21bn

    Investors on the Nigerian Stock Exchange (NSE) on Wednesday staked N3.21 billion on 581.902 million shares in 3,448 deals. The News Agency of Nigeria (NAN) reports that the volume of transactions represented 32.01 per cent increase over...

    • Posted December 24, 2014
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  • Nigeria International Debt Fund gets ‘A’ Rating

    The Nigeria International Debt Fund (NIDF), an NSE listed mutual fund that invests in fixed income securities of federal and state governments, has been rated “A-” by Global Credit Rating Company (GCR). GCR was quoted to have...

    • Posted December 24, 2014
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  • Naira rebounds on new Forex rules

    The naira recovered to trade broadly flat after dipping 2.5 per cent in thin trade yesterday as dealers remained reluctant to quote prices owing to central bank moves to crack down on the speculation it blames for...

    • Posted December 24, 2014
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  • Transitional electricity market begins January 1

    The Federal Government has announced that the effective date for the commencement of all contractual obligations in the Nigerian electricity market has been fixed for January 1, 2015. It also said the long awaited Transition Electricity Market...

    • Posted December 24, 2014
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  • BOI, 10 banks partner to enhance SME financing

    Small and Medium Enterprises (SMEs) in the country monday received a major boost following the announcement of the Bank of Industry’s (BOI’s) partnership with 10 banks to tackle their funding  challenges. The banks are Access Bank Plc,...

    • Posted December 24, 2014
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  • FG assures Civil Servants of December salaries

    The federal government monday assured workers that payment of December salaries would take effect soon as it had started processing it since Friday. This is contained in a statement issued by Ministry of Finance, signed by Mr...

    • Posted December 24, 2014
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  • Nigeria records zero oil exploration in four months

    Between July and October this year, there was no single case of crude oil exploration in the country, findings by our correspondent have shown. Between January and June this year, the country recorded five exploration activities in...

    • Posted December 24, 2014
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  • NITEL, M-Tel owe N300bn – BPE

    The Bureau of Public Enterprises has put the debt liabilities of the Nigerian Telecommunications Limited and its mobile subsidiary, the Nigerian Mobile Telecommunications Limited, at over N300bn. In a statement made available to our correspondent in Abuja...

    • Posted December 24, 2014
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  • Power firms to get N213bn loan in January

    The Central Bank of Nigeria on Monday said that the N213bn Nigerian Electricity Market Stabilisation Facility, meant to resolve liquidity challenges in the power supply industry, would be disbursed to the beneficiaries by Deposit Money Banks from...

    • Posted December 24, 2014
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  • World Bank pledges N282bn to Nigerian power sector

    The World Bank has pledged $1.75bn (N282.6bn) to support the Nigerian power sector reform over the next four years, the Bureau of Public Enterprises has said. A statement issued by the Head of Public Communications, BPE, Mr....

    • Posted December 24, 2014
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