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  • Renaissance Capital reports 81% profit growth

    Renaissance Capital, a leading emerging- and frontier markets investment bank has announced a significant growth in its net profit for the half year 2014, despite challenging market conditions. A statement from the investment bank showed it reported...

    • Posted September 27, 2014
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  • Dollar flows may raise naira next week

    The naira is likely to be supported by dollar flows from energy companies and intervention from the Central Bank of Nigeria next week. The naira on Thursday traded around N163.65 to the dollar, down slightly from Wednesday’s...

    • Posted September 27, 2014
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  • Sterling Bank targets N8.5bn deposit

    Sterling Bank Plc says it has set a target deposit of N8.5bn from its new initiative called Third Party Acquirer by the end of December 2014. During the first six months of its introduction, the bank said...

    • Posted September 27, 2014
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  • Stanbic IBTC’s ETF will increase market participation – Oyetan

    The Chief Executive Officer, Stanbic IBTC Asset Management Limited, Olumide Oyetan, has said the introduction of new Exchange Traded Funds such as the Stanbic IBTC ETF 30 will help attract more investors to the capital market. Oyetan...

    • Posted September 27, 2014
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  • Ecobank commences rapid transfer programme

    Ecobank Nigeria says it has commenced its Rapid Transfer “Back to School” campaign, which will enable parents and guardians to pay their children and wards school fees in a fast and convenient way. According to a statement...

    • Posted September 27, 2014
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  • NDIC mulls insurance cover for mobile payment subscribers

    The Nigeria Deposit Insurance Corporation (NDIC) yesterday said it was finalising a framework to extend deposit insurance cover to individual subscribers of the Mobile Money Operators (MMOs) in the form of a pass-through deposit insurance. He also...

    • Posted September 27, 2014
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  • AFD offers €400m grant to Nigeria

    The French Agency for Development (AFD), a public development finance institution has said it recently approved €400 million as grant to finance transport and energy projects in Nigeria. The Country Director, AFD, Mr. Hubert Dognin stated this...

    • Posted September 26, 2014
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  • Aig-Imoukhuede becomes NSE president

    The Council of the Nigerian Stock Exchange (NSE) yesterday appointed former Group Managing Director/Chief Executive Officer of Access Bank Plc, Mr.  Aigboje Aig-Imoukhuede, the president of  the exchange. His appointed made after the 53rd annual general meeting...

    • Posted September 26, 2014
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  • Moroccan bank, Skye, Fidelity bid for Mainstreet Bank

    A Moroccan bank, Skye Bank Plc and Fidelity Bank Plc are among the top seven shortlisted as potential buyers of Mainstreet Bank, top officials close to the bidding process revealed on Wednesday. The Managing Director, Asset Management...

    • Posted September 26, 2014
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  • Customs boss cautions against fraudulent goods declaration

    Importers and their freight forwarders have been advised to  abide by the rules and regulations guiding importation  as the only way for them  to enjoy the  Pre-Arrival Assessment  Report (PAAR) introduced by the Nigeria Customs Service (NCS)...

    • Posted September 26, 2014
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  • Experts call for sustained competition in telecoms sector

    Some experts  in the Nigerian telecommunications industry have said the  release of number of subscribers on all the three telecoms operators’  networks  by the  Nigerian Communications Commission (NCC) is  a healthy development that will stimulate competition and...

    • Posted September 26, 2014
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  • Nigeria retains US Cat1 aviation status

    The Nigerian aviation industry has retained the United States Federal Aviation Administration’s Category One Status certification. With this, Nigerian airlines can continue to operate direct flights into the US. A top official of the Nigerian Civil Aviation...

    • Posted September 26, 2014
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  • Ailing refineries destabilise LPG market

    The poor state of the country’s refineries has been identified as a major factor causing instability in the Nigerian Liquefied Petroleum Gas (cooking gas) market. The Port Harcourt, Warri and Kaduna refineries, which are ordinarily supposed to...

    • Posted September 26, 2014
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  • American investors plan 100MW solar plants in Nigeria

    Global Business Resources, a consortium of international investors from the United States, are in Nigeria for discussion with officials of the Federal Government for the construction of two solar-powered electricity plants of 50 megawatts capacity each in...

    • Posted September 26, 2014
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