Don't Miss


Latest News

  • Shell shuts-in 150,000 barrels of crude over pipeline fire

    Nigeria crude output dropped by an additional 150,000 barrels per day, as Shell Petroleum Development Company, SPDC, yesterday, shut down a section of its Trans Niger Pipeline, TNP, due to a fire outbreak along the pipeline’s right...

    • Posted October 15, 2013
    • 0
  • Business confidence level falls to 17%

    The confidence level of doing business in Nigeria decreased from 24 per cent in the third quarter of 2013 to 17.6 per cent in the fourth quarter of the year, the Lagos Chamber of Commerce and Industry...

    • Posted October 15, 2013
    • 0
  • CBN, NDIC take over NERFUND

    President Goodluck Jonathan has approved the takeover of the management and control of the National Economic Reconstruction Fund by the Central Bank of Nigeria and the Nigeria Deposit Insurance Corporation. The Permanent Secretary, Ministry of Finance, Mr....

    • Posted October 15, 2013
    • 0
  • Sanusi wins sub-Sahara Africa’s CBN governor award

    The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, was on Saturday night in Washington DC, United States, named the Central Bank Governor of the Year for sub-Saharan Africa by the Emerging Markets Magazine. Sanusi, who was...

    • Posted October 15, 2013
    • 0
  • Issue meters to all consumers – FG orders Discos

    The Federal Government has directed new owners of power distribution firms to provide all electricity consumers with meters as soon as they take over the successor companies of the Power Holding Company of Nigeria. It advised that...

    • Posted October 15, 2013
    • 1
  • Stock Market Watch: Market cap gains N22billion on Monday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on a bullish note on Monday as the market capitalisation of equities on the main board gained N22 billion or 0.19 percent to close at N11.804...

    • Posted October 14, 2013
    • 0
  • FAAC approves N1.196 tr for three tiers of governments

    The Federation Account Allocation Committee (FAAC) has approved the disbursement of N1.196 trillion to the three tiers of government for the two months of August and September. At the end of August and September 2013, the net statutory...

    • Posted October 14, 2013
    • 1
  • Analyst predicts 7.5 % inflation for September

    Ahead of official statistics expected next week, the FSDH Research has predicted an inflation rate (year-on-year) of 7.5 per cent for September, representing a 70 basis points decrease from August 2013. The expected inflation rate of 7.5 per...

    • Posted October 14, 2013
    • 0
  • “Some people are out to kill the aviation sector” – Tukur

    Alhaji Mohammed Tukur is the Assistant Secretary General, Airline Operators of Nigeria (AON). He speaks on the challenges in the aviation sector against the backdrop of the Associated Airlines plane crash that claimed 15 lives. You are...

    • Posted October 14, 2013
    • 0
  • Ecobank, Fidelity, others sign $7.5bn deal with Total

    Ecobank, Fidelity Bank Plc and six other leading banks in the country  have signed Memorandum of Understanding (MoU) with Total E&P Nigeria Limited and Total Upstream Nigeria Limited on $7.5 billion Nigerian Contractors’ Initiative. The six other...

    • Posted October 14, 2013
    • 0
  • World Bank to cut extreme poverty by 2030

    The President of the World Bank, Mr. Jim Yong Kim, has announced sweeping changes to make the institution more alive to its goals of ending extreme poverty by 2030, as well as boosting prosperity among the poor...

    • Posted October 14, 2013
    • 0
  • Sanusi insists on naira for dollar transfers, says he won’t re-visit N5,000 note

    The Governor of the Central Bank of Nigeria, CBN, Malam Sanusi Lamido Sanusi, yesterday, said that Nigerians must accept Naira for dollar transfers. Fielding questions from journalists on the sidelines of the 2013 World Bank/ International Monetary...

    • Posted October 14, 2013
    • 0
  • Nigeria loses investors to bad trade policy – LCCI

    The director-general of Lagos Chamber of Commerce and Industry, Muda Yusuf, has criticised the approach employed by the Central Bank of Nigeria (CBN) for the disbursement of the N220 billion earmarked for micro, small and medium enterprises...

    • Posted October 14, 2013
    • 0
  • Standard and Poor rates Nigerian economy ‘stable’ – Okonjo-Iweala

    Standard & Poor (S&P), an American financial services company, has said that the Nigerian economy remains strong with a stable macro-economic outlook, confirming Fitch’s 2012 ratings. Okojon-Iweala, who doubles as the Minister for Finance and the Coordinating...

    • Posted October 13, 2013
    • 0