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  • Mainstreet Bank gets global certification

    Mainstreet Bank Limited says it has been awarded the Payment Card Industry Data Security Standard certification. The PCI DSS is a set of requirements designed to ensure companies that process, store or transmit credit/debit card information, maintain...

    • Posted June 10, 2014
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  • AGF asks Senate to stop Malabu oil probe

    The Attorney General of the Federation and Minister of Justice, Mr. Mohammed Adoke (SAN), has asked the Senate Committee on Petroleum Resources (Upstream) to stop further investigation into the alleged $1.1bn proceeds from the sale of an...

    • Posted June 10, 2014
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  • Insecurity: Airlines pay 25% more on aircraft lease

    Worsening insecurity, fuelled by Boko Haram insurgency, has made foreign companies to impose 20 to 25 per cent additional charges on aircraft lease rentals paid by Nigerian airline operators, findings by our correspondent have shown. Airline chief...

    • Posted June 10, 2014
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  • National Assembly considers aviation local content bill

    The National Assembly is considering a local content bill for the aviation industry. This bill, when passed, will ensure that airlines operating in the country employ a certain number of indigenous pilots and engineers in their companies....

    • Posted June 10, 2014
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  • Nigeria, South Africa partner to develop gold mining

    Nigeria and South Africa are partnering to promote the development of artisanal and small-scale gold mining in the country, the Minister of Mines and Steel Development, Mr. Musa Sada, has said. The minister stated this in an...

    • Posted June 10, 2014
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  • Capital market indices appreciate by 1.19% on NSE

    Equity transactions on the Nigerian Stock Exchange (NSE) opened for the week on Monday in an upward trend as the market indices improved by 0.19 per cent. The News Agency of Nigeria (NAN) reports that the appreciation...

    • Posted June 9, 2014
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  • Naira appreciates against major currencies

    The naira appreciated against the major currencies at the official and parallel markets on Monday in Lagos, the News Agency of Nigeria (NAN) reports. At the official market, the naira opened at N155.15 to the dollar, compared...

    • Posted June 9, 2014
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  • FG says 60 foreign, 4,000 local firms participating in minerals exploration

    The Federal Government said on Sunday that 60 foreign and 4,000 local companies were participating in the country’s mineral exploration. The Minister of Mines and Steel Development, Musa Sada said in Abuja that the firms had been registered to...

    • Posted June 9, 2014
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  • No action on lending rate ebfore general elections – Emefiele

    The new Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has clarified his agenda on the planned reduction of lending rates, saying no action will be taken on the rates until after the general elections...

    • Posted June 9, 2014
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  • AMCON to fully divest from Mainstreet, Enterprise Banks on September 15

    A strong indication emerged last week that barring any unforeseen development, the Federal Government through the Asset Management Corporation of Nigeria (AMCON) will be handing over two of the three bridged banks, namely Mainstreet Bank Limited and...

    • Posted June 9, 2014
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  • Analysts allay fears over power sector loans despite challenges

    Inspite of the teething problems confronting investors in the Nigerian power sector, the likelihood of default in repayment of power-sector loans has been underplayed by some economic players, who also make a big case for government intervention...

    • Posted June 9, 2014
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  • NNPC targets European market for gas supply

    The Nigerian National Petroleum Corporation has said that it is looking for more markets for the nation’s gas on the European continent. This, it said, was in order to generate maximum economic benefit from Nigeria’s enormous gas...

    • Posted June 9, 2014
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  • Fears over delayed bid for oil fields

    An air of uncertainty now hovers around the planned marginal field bid round in the petroleum sector after it failed to hold in March 2014 as earlier announced. The Ministry of Petroleum Resources has been silent on...

    • Posted June 9, 2014
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  • Domestic investors reduce holdings by 71.6%

    Domestic investors reduced their holdings in the Nigerian stock market by 71.6 per cent between 2007 and 2013, investigation by our correspondent has shown. Since the global economic meltdown in 2008, local investors in the Nigerian capital...

    • Posted June 9, 2014
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