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  • Forte Oil, Ecobank added to MSCI Index

    Forte Oil Plc and EcoBank Transnational Incorporated have been included in the MSCI’s Frontier Market Index. MSCI is a leading provider of investment decision support tools to over 6,000 clients worldwide, ranging from large pension plans to...

    • Posted May 20, 2014
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  • Jonathan may sign 2014 budget this week

    There are indications that President Goodluck Jonathan may sign the 2014 appropriation bill into law this week. The Senate had on April 9 passed the bill, raising the amount in the fiscal document from the N4.642tn submitted...

    • Posted May 20, 2014
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  • Nigeria’s external sector prone to global shocks — CBN

    The Central Bank of Nigeria says the external sector of the economy remains vulnerable to global shocks due to increased exposure to short-term capital, rising external debt and high demand pressure that have resulted in the depletion...

    • Posted May 20, 2014
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  • EFCC to quiz oil firms for pump manipulation

    The Economic and Financial Crimes Commission is to quiz the chief executive officers/managing directors of some oil firms involved in price racketeering  in the country. A top source at the anti-graft agency said on Monday that the...

    • Posted May 20, 2014
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  • Flour Mills invests N220bn in agro-allied businesses

    Flour Mills Nigeria Plc said it has invested over N220 billion in its agro-allied businesses. The Group Managing Director of Flour Mills, Mr. Paul Gbededo who disclosed this at the at the 2014 Golden Penny Customers’ forum...

    • Posted May 20, 2014
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  • Capital market indices dip by 0.03%

    Transactions on the Nigerian Stock Exchange (NSE) opened on Monday on a bearish trend as the indices dropped marginally by 0.03 per cent.     The News Agency of Nigeria (NAN) reports that the drop was due...

    • Posted May 19, 2014
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  • Julius Berger’s shareholders set for dividend, bonus Issue

    Julius Berger Nigeria Plc last week held its yearly investors forum in Lagos where the management engaged the leadership of the various shareholders associations on developments within the company in the past one year, with the highlights...

    • Posted May 19, 2014
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  • CBN, NDIC lay ambush for failed banks’ debtors again

    The fresh attempt by the Central Bank of Nigeria and the Nigerian Deposit Insurance Corporation to blacklist chronic debtors of closed banks will reduce the default rate and make credit available in the banking system, but the...

    • Posted May 19, 2014
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  • Nigeria recorded $24.12b 2014 Q4 net inflow – CBN report

    Data from the Central Bank of Nigeria (CBN), shows that at the end of the 2014 fourth quarter, the nation recorded $35.34 billion total foreign exchange inflows to the economy, a drop of 8.2 per cent, when compared...

    • Posted May 19, 2014
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  • Nigeria touted to become world’s bread basket

    A new report released at the Grow Africa Investment Forum held during the just-concluded World Economic Forum on Africa (WEFA) has disclosed that seed companies indigenous to Africa, that are participating in a programme to offer high-yield crop...

    • Posted May 19, 2014
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  • Major monetary policy shift ruled out at MPC meeting

    Nigerian monetary policy will tomorrow enter a crucial stage in the tenure of the Acting Governor of the Central Bank of Nigeria, Mrs. Sarah Alade, as members of the apex bank’s Monetary Policy Committee converge on Abuja...

    • Posted May 19, 2014
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  • Analysts weigh implications of Caverton’s entry into Capital Market

    The listing of 3.35 billion shares at N9.50 per unit of Caverton Offshore Support Group on the Nigerian Stock Exchange (NSE) on Tuesday will help the company not only to develop its business model but to also...

    • Posted May 19, 2014
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  • FG to support broadband with N1.5bn

    The Federal Government will provide subsidy to telecommunications operators to enable them to roll out 20,000km of optic fibre cable in underserved areas of the country between 2014 and 2015. The Minister of Communication Technology, Mrs. Omobola...

    • Posted May 19, 2014
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  • Banks panic over power firms’ loans

    Some of the recently privatised power firms may not be able to meet their loan obligation to the banks that financed the privatisation process following losses being recorded in their operation, top industry sources have said. The...

    • Posted May 19, 2014
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