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  • NSE Index sheds 0.16% on cautious trading

    Cautious trading by investors saw market indicators close on a negative note at the Nigerian stock market yesterday.  The Nigerian Stock Exchange (NSE) All-Share Index (ASI) fell by 0.16 per cent to close at   40,984.12,  while market...

    • Posted September 24, 2014
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  • Nigeria fails to attract $100bn oil investments

    In spite of a decline in oil reserves and increasing competition for investments from other African countries, Nigeria remains sluggish in attracting new investments estimated at $100bn needed to grow reserves and production. The country, which aims...

    • Posted September 24, 2014
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  • Sterling Bank records N2bn deposit from third party scheme

    Sterling Bank has said it recorded a deposit of N2 billion through its Third Party Acquirer (3PA) scheme between January and June 2014. The bank also said it has put in place necessary structure to meet up...

    • Posted September 24, 2014
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  • NDIC advises PMBs to guard against risk

    The Nigeria Deposit Insurance Corporation (NDIC) has advised operators of Primary Mortgage Banks (PMBs) in the country to always comply with regulatory policies so as to avoid the build-up of risk in the sub-sector. The regulatory body...

    • Posted September 24, 2014
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  • Total cuts production targets for Nigeria, others

    Oil major, Total, has cut its 2017 output goal to 2.8 million barrels of oil equivalent per day from the previous three million. The firm, which has struggled with production outages in Libya, Kazakhstan and Nigeria, said...

    • Posted September 24, 2014
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  • FG serviced debt with N299.36bn in Q1 – Report

    The Federal Government spent N299.36bn to service the nation’s domestic and external debts in the first three months of this year, a document obtained from the Budget Office of the Federation has revealed. The Budget Monitoring and...

    • Posted September 24, 2014
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  • Poor telecoms service persists despite N.18bn fines

    Nigerians have x-rayed activities of telecommunications companies operating in the country, saying they have failed to provide quality service despite having paid over N1.8bn fine in the last two years for poor service quality. Those who spoke...

    • Posted September 24, 2014
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  • Petroleum products pricing riddled with corruption – Group

    The country’s current petroleum products pricing model, which is based on import parity and the Petroleum Support Fund, is riddled with corruption, a new report produced under the project, Transparency and Accountability in the Oil and Gas...

    • Posted September 24, 2014
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  • Cement labelling: Lafarge asks Court to stop SON from sealing up factory

    Lafarge Cement WAPCO Nigeria Plc has asked a Federal High Court sitting in Lagos to restrain the Standards Organisation of Nigeria (SON), its agents, from closing its business premises, following its (SON) recent directive on product labelling...

    • Posted September 24, 2014
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  • Banks urged to develop new sources of revenue

    As earnings-constraining regulations continue to eat deep into deposit money banks’ (DMBs’) traditional sources of revenue, the financial institutions have been advised to look for new sources of revenue in order to continue to play their intermediary...

    • Posted September 23, 2014
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  • FBN Capital predicts increased capital raising for banks in 2015

    FBN Capital Limited has predicted that more banks are likely to raise capital in 2015 as a result of the Central Bank of Nigeria’s (CBN’s) new capital requirement rules, which are likely to come into effect before...

    • Posted September 23, 2014
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  • Banks to pay customers for using e-payment channels

    The Central Bank of Nigeria says it has approved an industry-wide incentive scheme and awareness campaign on electronic payment channels for stakeholders and users. As a result, the CBN is collaborating with Deposit Money Banks through the...

    • Posted September 23, 2014
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  • Mansard Insurance records 27% half-year revenue growth

    Mansard Insurance Plc, provider of risk and investment management services has announced its audited half year results for the period ended June 30, 2014. The company in statement said it reported a 27 per cent growth in...

    • Posted September 23, 2014
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  • Investors urged to take advantage of Stanbic IBTC ETF 30

    Chief Executive Officer, Stanbic IBTC Asset Management Limited, Mr. Olumide Oyetan, has advised investors to take advantage of its on-going N1 billion initial public offer for the Stanbic IBTC Exchange Traded Fund (Stanbic IBTC ETF 30) to...

    • Posted September 23, 2014
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