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  • UBA Capital boss roffers way forward for Capital Market

    For the nation’s capital market to achieve the desired growth and play its capital formation role in the Nigerian economy, there must be a synergy among the regulators in the financial sector. Group Chief Executive Officer, UBA...

    • Posted December 9, 2014
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  • Nigeria woos international investors in Qatar on broadband

    Nigeria told a large gathering of telecoms investors and the global Information and Communications Technology (ICT) community in Doha, Qatar, on Sunday of the investment opportunities that abound in the country, especially in the area of broadband....

    • Posted December 9, 2014
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  • Banks get January deadline to reduce non-performing loans

    Rising non-performing loans in the books of Deposit Money Banks have forced the Central Bank of Nigeria to issue a January 2015 deadline to lenders, asking them to reduce their toxic assets or face severe penalties, findings...

    • Posted December 9, 2014
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  • PENGASSAN to embark on a three-day warning strike over non-passage of PIB

    The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has concluded plans to embark on a three-day warning strike in protest against the delay in the passage of the Petroleum Industry Bill (PIB) and other...

    • Posted December 9, 2014
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  • NIPOST revokes courier licences of Aero Contractors, 13 others

    The courier regulatory department (CRD) of the Nigerian Postal Service (NIPOST), at the weekend, revoked the courier operational licences of Aero Contractors and 13 other courier companies for non-renewal of their licences. The CRD also clamped down...

    • Posted December 9, 2014
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  • FG, China to fund $5bn Mambilla power plant

    The Federal Government and China Exim bank are to finance the $5bn Mambilla 3,050 megawatts hydro power plant in Taraba State. It was learnt that senior officials from the ministries of finance and power had concluded arrangements...

    • Posted December 9, 2014
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  • We will expand investment opportunities in Lagos – Ambode

    The governorship candidate of the All Progressive Congress in Lagos State, Mr. Akinwumi Ambode, has indicated his resolve to open up the state for more investment opportunities. Ambode emerged as Lagos APC flagbearer on Friday morning with...

    • Posted December 9, 2014
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  • Operators united against fake motor, marine insurance

    Statistics from the Nigerian Insurers Association indicate that about 76 per cent of certificates being circulated in the marine sector are fake; while 75 per cent of certificates used by motorists are not genuine. Marine and motor...

    • Posted December 9, 2014
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  • Make PPP projects bankable – Nnamani

    The Chairman, Governing Board, Infrastructure Concession Regulatory Commission, Senator Ken Nnamani, has said that except Public Private Partnership projects are made bankable, it will be difficult to get private sector financing to develop the country’s infrastructure. A...

    • Posted December 9, 2014
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  • Cement standardisation: Court to hear suit against SON on January 7

    A Federal High Court sitting in Lagos has adjourned hearing till January 7, 2015 in the suit by little known human rights group, Alliance Against Monopoly (AAM), against the Standards Organisation of Nigeria (SON) over its recent...

    • Posted December 9, 2014
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  • FirstBank, FBN Capital win at EMEA Africa Banking Awards

    FirstBank and FBN Capital Asset Management, the banking and the investment arms of the FBN Holdings Group have emerged the Most Innovative Bank in Africa, and Best Asset Manager in Nigeria respectively at the Africa Banking Awards...

    • Posted December 6, 2014
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  • Naira still under pressure despite slash in benchmark oil price

    The naira weakened slightly below the central bank’s new target band yesterday as the federal government slashed the oil price assumed in its 2015 budget for the second time in a month. The naira is under pressure...

    • Posted December 6, 2014
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  • FBN Capital Asset Management emerges Best Fund Manager

    FBN Capital Asset Management has been adjudged the best asset manager in Nigeria by EMEA Finance Magazine. It bagged the award at the Africa Banking Awards 2014 organised by EMEA Finance Magazine in London. As the asset...

    • Posted December 6, 2014
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  • FG, GE sign N170bn manufacturing plant contract

    An American conglomerate, General Electric, on Thursday, signed a N170bn ($1bn) contract with the Federal Government to build a manufacturing plant in Calabar, the Cross Rivers State capital. The facility, codenamed ‘Project Emerald,’ consists of a manufacturing/assembly...

    • Posted December 6, 2014
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