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  • MPC meets today, to discuss inflation, exchange rate

    The Central Bank of Nigeria’s Monetary Policy Committee will hold its first meeting for the year today (Monday) and Tuesday to review developments in the economy and probably set a new direction for growth this year. The...

    • Posted January 23, 2017
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  • CBN’s policies in best interest of Nigerians at this time – Emefiele

    The Governor of Central Bank of Nigeria, Mr Godwin Emefiele, yesterday offered insights into the prevailing economic crisis in the country, explaining that it was caused by the nation’s failure to diversify the base of its economy....

    • Posted January 21, 2017
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  • DMO sells N215bn bonds at yields below inflation

    Nigeria has raised N214.95 billion in local currency bonds at its first auction this year, with the debts sold at yields below galloping inflation, the Debt Management Office said on Thursday. Though yields were higher than at...

    • Posted January 21, 2017
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  • NIBSS backs ban on bitcoins, virtual currencies

    The Managing Director/CEO, Nigeria Interbank Settlement System (NIBSS), Ade Shonubi has backed the recent decision of the Central Bank of Nigeria (CBN) to ban the use of Bitcoins and other virtual currencies in the country. Speaking yesterday...

    • Posted January 21, 2017
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  • NSE capitalisation sheds N11.3bn as bears remain in control

    The Nigerian Stock Exchange (NSE) All-Share Index fell by 0.13 per cent to close lower at 26,245.34 yesterday as the bears extended their control on the market. The equities remained under sell pressure towards consumer goods and...

    • Posted January 20, 2017
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  • Nigeria to save over $100bn oil revenue via conservative savings – Ezekwesili

    A former Vice-President of the World Bank, Dr. Obiageli Ezekwesili, has said that conservative savings over a period of four years would have enabled the country save more than $100billion of oil revenue. Ezekwesili disclosed this in...

    • Posted January 20, 2017
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  • Wema Bank appoints Ademola Adebise as Deputy Managing Director

    The Board of Directors, Wema Bank Plc. has appointed Ademola Adebise as the Deputy Managing Director (DMD) of the bank. The board announced this at a retreat held recently in Lagos. The Central Bank of Nigeria (CBN)...

    • Posted January 20, 2017
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  • Governments urged to support small businesses

    Global research by Sage, a business software solution provider has highlighted that only 33 per cent of small businesses feel represented by politicians in their countries’ decision making. In the report, Sage Chief Executive Officer, Stephen Kelly,...

    • Posted January 19, 2017
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  • Bears return on losses by highly capitalised stocks

    The stock market ended negatively tuesday as the bears returned following losses by high capitalised stocks. The market had resumed positively on Monday on continued demand for banking stocks, appreciating by 0.18 per cent. Although banking stocks...

    • Posted January 19, 2017
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  • UBA explores investment opportunities at World Economic Forum

    The United Bank for Africa (UBA) has said it will be strongly represented at the annual meeting of the World Economic Forum (WEF), which began in Davos, Switzerland tuesday. The bank’s CEO, Kennedy Uzoka, is expected to...

    • Posted January 19, 2017
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  • Dangote’s multi-million dollar truck assembly plant to create 3,000 jobs

    Determined the tap into the opportunity provided by the scarcity of forex in the country to create jobs, foremost entrepreneur, Aliko Dangote has embarked on the establishment of multi-million dollar vehicle assembly plant project in Lagos Specifically,...

    • Posted January 18, 2017
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  • Fashola advocates ‘undercover bosses’ for power distribution companies

    The Minister of Power, Works and Housing, Mr. Babatunde Fashola has charged the top management of the electricity distribution companies to disguise themselves as ‘undercover bosses’ and interact with their customers to find out their grievances. Speaking...

    • Posted January 18, 2017
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  • Value of foreign investments in equities fall 51% on currency challenges

    The value of foreign portfolio investments (FBI) in the Nigerian equities market fell by 51.4 per cent between January and November 2016 following the tight foreign control policies of the Central Bank of Nigeria (CBN). Data from...

    • Posted January 17, 2017
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  • Appeal Court adjourns Chevron’s suit against Brittania-U on sale of oil blocks

    Exactly two and a half years after Chevron United States Inc. and others instituted an appeal against the judgment of a Federal High Court sitting in Lagos, which assumed jurisdiction to entertain a suit brought against them...

    • Posted January 17, 2017
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