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  • PFAs invest N1.9tn in FGN bonds

    The Pension Fund Administrators have invested a total of N1.9tn in the Federal Government of Nigeria bonds. A document obtained from the National Pension Commission on Tuesday indicated that the figure represented 45.2 per cent of the...

    • Posted June 5, 2014
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  • Power sector’s future bleak – Dagogo-Jack

    The Power sector is currently being threatened by challenges bordering on transparency at the retail end of the market, poor returns on investment, dwindling investment drives, perception concerns, among many others. The Chairman, Presidential Task Force on...

    • Posted June 5, 2014
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  • Lafarge WAPCO merges S/Africa, Nigeria’s businesses, changes name

    Lafarge Group on Tuesday said it had combined its Nigeria’s and South Africa’s businesses to create a new name, Lafarge Africa Plc The company, in a statement made available to our correspondent, said it had concluded plans...

    • Posted June 5, 2014
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  • Accumulate reserves as buffer against external shocks – Experts advise CBN

    As the new Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, settles down for business, some experts in the financial services sector have urged the bank to accumulate reserves as a buffer against external...

    • Posted June 5, 2014
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  • NSE indices record 0.55% growth

    Equity transactions on the Nigerian Stock Exchange (NSE) on Wednesday ended on positive note with market indicators appreciating by 0.55 per cent. The News Agency of Nigeria (NAN) reports that the All-Share Index rose by 229.75 points...

    • Posted June 4, 2014
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  • Naira appreciates on dollar inflow from oil firms

    The naira appreciated slightly against the United States dollar Monday as a result of dollar sales by local units of four multinational oil companies. Reuters quoted dealers to have revealed this. The nation’s currency closed at N162.40...

    • Posted June 4, 2014
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  • Stock market closes higher on positive momentum

    The Nigerian equities market sustained its positive momentum at the close of trading Monday following gains recorded in the share prices of some highly capitalised stocks such as: Nigerian Breweries Plc, Stanbic IBTC Plc, Nestle Nigeria Plc,...

    • Posted June 4, 2014
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  • Power generation drops by 1000MW

    Electricity consumers in some parts of the country, including Lagos, will experience a drastic drop in power supply for the next three weeks as the Federal Government on Tuesday announced the shutdown of Utorogu and Ughelli East...

    • Posted June 4, 2014
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  • Nigeria, Belgium strengthen trade ties

    Nigeria is in the process of a bilateral trade and investment enhancement with Belgium, in a bid to open up more areas of investment in the Nigerian agricultural and manufacturing sector, the Ambassador of Nigeria to Belgium,...

    • Posted June 4, 2014
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  • ARM Pensions Fund hits N340billion

    ARM Pensions Limited, a Pension Fund Administrators (PFAs) has grown its funds under management by 28 per cent to N340 billion in the 10 months period ending December 2013. The company also witnessed growth in its subscriber...

    • Posted June 4, 2014
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  • Government to introduce airports development charges

    The Federal Ministry of Aviation on Monday announced plans to introduce airport development charges in all the nation’s airports in a bid to clear a debt of over N174bn. This was disclosed by the Supervising Minister of...

    • Posted June 4, 2014
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  • FG wasted N1.6tn on 600 public enterprises – BPE

    The Federal Government on Monday said its investment of N1.6tn over the years in 600 public enterprises was a drain on the public treasury. The Director-General, Bureau of Enterprises, Mr. Benjamin Dikki, said this while speaking to...

    • Posted June 4, 2014
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  • FIRS to improve revenue from VAT collections

    The Federal Inland Revenue Service says it has begun moves to improve its revenue collection from Value Added Tax especially in the financial services sector. The Acting Executive Chairman, FIRS, Alhaji Kabir Mashi, said this at the...

    • Posted June 4, 2014
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  • AMCON opposes Cecilia Ibru’s suit to recover assets

    The Asset Management Corporation of Nigeria has asked a Federal High Court in Abuja to dismiss a suit by a former Managing Director of the defunct Oceanic Bank Plc, Mrs. Cecilia Ibru, seeking to regain the assets...

    • Posted June 4, 2014
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