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  • Demand for automobiles drops by 37.5% – NADDC

    The current economic crisis facing the country has led to a decline of 37.5 per cent in demand for new and used automobiles from 400,000 annually to 250,000. The Director-General, National Automotive Design and Development Council, Mr....

    • Posted November 17, 2016
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  • EU seeks stronger economic ties with Nigeria

    The European Union says it is committed to ensuring the sustainability of the economic ties between Nigeria and Europe through strategic investment in key sectors, especially the Small and Medium-scale Enterprises. The Head, EU Delegation in Nigeria,...

    • Posted November 16, 2016
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  • NDIC slams Okereke-Onyuike over call to merge Commission with AMCON

    The Nigeria Deposit Insurance Corporation (NDIC) monday described as unfortunate, remarks by a former Director General of the Nigerian Stock Exchange (NSE), Dr. Ndidi Okereke-Onyuike, that the commission be merged with the Asset Management Corporation of Nigeria...

    • Posted November 16, 2016
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  • NSE market capitalisation falls to N8.9trn on continuing bear run

    Trading at the stock market resumed for the week, sustaining the negative trend. The Nigerian Stock Exchange (NSE) All-Share Index fell by 0.70 per cent to close at 25,986.81, while market capitalisation dipped below N9 trillion to...

    • Posted November 16, 2016
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  • Inflation hits 94-month high at 18.3%

    Hopes that the country’s inflation rate would moderate as a result of the various intervention programmes of the government were on Monday dashed as the National Bureau of Statistics on Monday announced that the Consumer Price Index,...

    • Posted November 16, 2016
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  • 2017 budget: Recovered loot to part-fund N2.69tn deficit

    The Federal Government is proposing to fund part of the 2017 budget deficit of N2.69tn from funds recovered from treasury looters. The proposal is contained in the Medium Term Expenditure Framework/Fiscal Strategy Paper, which was submitted to...

    • Posted November 16, 2016
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  • Opportunities in oil sector will be over soon — Osinbajo

    Vice President Yemi Osinbajo on Monday stated that opportunities in the petroleum industry were narrowing and might be over sooner than expected as a result of the increasing breakthroughs in renewable energy use as well as the...

    • Posted November 15, 2016
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  • Forte Oil, Honeywell, Cadbury, 19 others lose N64bn

    The Nigerian equities market closed on a  negative note on Monday as Forte Oil Plc, Honeywell Flour Mill Plc, Cadbury Nigeria Plc, Nascon Allied Industries Plc and Oando Plc led a N64bn loss at the close of...

    • Posted November 15, 2016
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  • Analysts forecast wide gap of inflation increase in October

    Ahead of the release of consumer price index (CPI) data for October on Wednesday by the National Bureau of Statistics, analysts have projected that the gap of inflation increase would widen in the review month. The firms...

    • Posted November 14, 2016
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  • Investors lobby FG to access N5.96tn pension funds

    Some investors, who have been unable to access part of the growing pension funds through operators of the Contributory Pension Scheme, are now lobbying the Federal Government to get guarantees for the funds, Sunday Punch has learnt....

    • Posted November 14, 2016
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  • FG saves N48bn from Treasury Single Account

    The implementation of the Treasury Single Account by the Federal Government has resulted in a monthly savings of N4bn in cost of funds such as bank charges, accounts maintenance cost and others imposed by Deposit Money Banks....

    • Posted November 14, 2016
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  • Nigeria worries as oil prices tumble

    Fears about early resuscitation of Nigeria’s economy has heightened as oil prices tumbled at the global market on Friday by more than three per cent after the Organisation of the Petroleum Exporting Countries said October output reached...

    • Posted November 14, 2016
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  • Interbank lending rate jumps to record high

    The overnight interbank lending rate soared to a record high of 128 per cent on Monday on naira cash shortages after commercial banks  funded their account with the Central Bank of Nigeria to participate in last Friday’s...

    • Posted October 19, 2016
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  • ATM card suspension: Banks reject naira for visa payment

    Thousands of United Kingdom and Canadian visa applicants and intending travellers wanting to book hotels online were stranded on Monday as Deposit Money Banks stopped their naira debit cards from being used for dollar and other foreign...

    • Posted October 19, 2016
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