Don't Miss


Latest News

  • Electricity consumers to pay more from December – NERC

    There are indications that consumers will pay more for electricity from December 1, 2014 when the new price of gas for generating power takes effect. The Nigerian Electricity Regulatory Commission confirmed the development on Thursday in Abuja,...

    • Posted November 22, 2014
    • 0
  • Chike-Obi recommends N10tn capital base for NMRC

    In order for the Nigeria Mortgage Refinancing Company Plc (NMRC) to effectively play its role in the economy, the Managing Director/Chief Executive Officer of the Asset Management Corporation of Nigeria (AMCON), Mr. Mustapha Chike-obi has suggested a...

    • Posted November 22, 2014
    • 0
  • Oil price slump: FG to increase taxes, IGR

    Owing to the slump in oil prices, the federal government on Thursday disclosed that it had mapped out measures to increase taxes and other forms of internally generated revenue (IGR) in the country. The Lagos State Deputy...

    • Posted November 22, 2014
    • 0
  • CBN intervention fails as naira crashes to N176

    The Central Bank of Nigeria’s intervention at the interbank foreign exchange market failed again on Thursday as the naira crashed further against the dollar to N176.10, down from Wednesday’s N174.15. Foreign exchange dealers said the CBN stepped...

    • Posted November 22, 2014
    • 0
  • Fiscal commission kicks against $73 oil benchmark

    Against the backdrop of falling oil prices, the Fiscal Responsibility Commission has kicked against the proposal to set the 2015 budget benchmark for crude oil at $73 per barrel. Addressing a press conference in Abuja on Thursday,...

    • Posted November 22, 2014
    • 0
  • Drop in oil price affecting ECA – NEC

    The National Economic Council presided over by Vice President Namadi Sambo on Thursday regretted that the drop in oil price was affecting the inflow of money into the Excess Crude Account. The Lagos State Deputy Governor, Mrs....

    • Posted November 22, 2014
    • 0
  • Traditional banking to end by 2025 – Experts

    Information and Communications Technology experts have predicted that traditional banking will end by 2025 or 2030. According to the experts, a market economy could readily emerge without banks, as we have traditionally known them. Consequently, they urged...

    • Posted November 22, 2014
    • 0
  • Stakeholders okay reduction of shipping charges

    The directive by the Nigerian Shippers’ Council (NSC) to terminal operators and shipping companies to drop their charges at the ports has been approved by stakeholders who attended the Tuesday meeting convened by the Minister of Transport,...

    • Posted November 22, 2014
    • 0
  • FG to reward 100 top indigenous companies

    As part of efforts to encourage more indigenous companies in growing the economy, the federal government has announced plans to reward about 100 top companies in the country. Minister of Industry, Trade and Investment, Olusegun Aganga, who...

    • Posted November 21, 2014
    • 0
  • Online fraud : CBN approves implementation of Virtual Card Solution in banks

    PrepayGo Technologies has partnered SIBS International to introduce the SIBS virtual card solution that will help combat ‘Card Not Present Fraud’ in Nigeria. Owing to the importance of the solution in addressing online financial fraud faced by...

    • Posted November 21, 2014
    • 0
  • Jonathan proposes N4.661tn for 2015 budget

    President Goodluck Jonathan on Wednesday sent a revised version of the 2015 Medium Term Expenditure Framework and Fiscal Strategy Paper to the Senate for necessary adjustments. The development was sequel to the sudden crash in fuel prices...

    • Posted November 21, 2014
    • 0
  • 12 ships laden with petrol, diesel, kerosine arrive Lagos

    Twelve ships laden with petroleum products consisting of petrol, diesel, kerosene and base oil have arrived Lagos ports, waiting to berth. The Nigerian Ports Authority (NPA) disclosed this on Wednesday in its daily “Shipping Position’’ made available...

    • Posted November 21, 2014
    • 0
  • Implementation of Nigerian content is working – Alison-Madueke

    The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has stated that the implementation of the Nigerian Oil and Gas Industry Development Act (NOGICD Act), signed into law in 2010 by President Goodluck Jonathan is yielding the desired...

    • Posted November 21, 2014
    • 0
  • Market capitalisation falls by N251bn

    The stock market closed lower on Wednesday as 35 equities declined in price. Consequently, the market capitalisation of the listed equities fell by N251bn or 2.17 per cent to close at N11.313tn, as against the 1.65 per...

    • Posted November 21, 2014
    • 0