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  • FG borrows N110bn via bonds

    The Federal Government on Wednesday at an auction raised N110bn worth of bonds maturing in 2021, 2026 and 2036, the Debt Management Office said According to DMO’s auction result obtained from its website on Wednesday, it sold...

    • Posted August 19, 2016
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  • Nigerians received lowest electricity supply in May — Report

    Power generation in Nigeria fell to a record low in May, with households experiencing an average daily cumulative supply at 5.6 hours, a new report by NOIPolls has revealed. The report, which was released on Wednesday, noted...

    • Posted August 19, 2016
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  • NEXIM highlights opportunities in non-oil export facilities

    The Nigerian Export Import Bank (NEXIM Bank) has advised exporters to take advantage of the N500billion non-oil Export Stimulation Facility (ESF) as well as the expansion of the export credit Rediscounting and Refinancing Facilities (RRF) to boost...

    • Posted August 18, 2016
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  • External reserves down as CBN settles matured obligations

    Nigeria’s external reserves diminished to $25.860 billion as at August 12, 2016, following the settlement of matured obligation by the Central Bank of Nigeria (CBN). The latest external reserves position revealed by the CBN showed that the...

    • Posted August 18, 2016
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  • NAICOM bars insurers from selling products through banks

    The National Insurance Commission has barred all underwriting companies from selling their products through the banks and other financial institutions. The Commissioner for Insurance, Mr. Mohammed Kari, said this during the investiture ceremony of the Managing Director,...

    • Posted August 18, 2016
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  • FG needs $7bn to kick-start mines, steel industry

    The Federal Government is seeking investments worth $7bn in mining and steel over the next decade as it targets the development of gold and iron ore extraction industries to diversify the nation’s oil-dependent economy. One of the...

    • Posted August 18, 2016
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  • BDCs: CBN increases dollar sale to $50,000

    The Central Bank of Nigeria has approved an increase in the maximum amount that could be sold to the Bureau De Change operators from $30,000 to $50,000 per week. The decision was taken at the Bankers’ Committee...

    • Posted August 18, 2016
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  • Customs shut SAHCOL, NAHCO warehouses at Lagos airport

    The Nigeria Customs Service has sealed off the warehouses of the Nigerian Aviation Handling Company Plc and the Skyway Aviation Handling Company Limited at the Lagos airport over stolen donkey skins from Kenya. As of the time...

    • Posted August 18, 2016
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  • Again, Buhari orders NNPC to search for oil in North

    For the second time in three weeks, the Nigerian National Petroleum Corporation has received an express order from President Muhammadu Buhari to explore for oil in the North. This time, the President directed the national oil firm...

    • Posted August 18, 2016
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  • NSE All-Index rises 0.26% as highly capitalised stocks lift market

    Trading at the Nigerian equities market resumed on a bullish note yesterday as gains by few bellwether stocks lifted the market by 0.26 per cent. Although the market recorded more price losers than gainers, appreciation in the...

    • Posted August 17, 2016
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  • Buhari to declare meeting of African Central Bank Governors open

    President Muhammadu Buhari is scheduled to formally declare open the 39th ordinary meeting of the Association of African Central Banks (AACB), to be hosted by the Central Bank of Nigeria (CBN), this Thursday. With the theme: “Unwinding...

    • Posted August 17, 2016
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  • Shareholders laud CBN over banking industry stability

    Shareholders and public affairs analysts have commended the Central Bank of Nigeria for ensuring the stability and safety of Nigerian banks through proactive measures. The President, Renaisssance Shareholders’ Association, Ambassador Olufemi Timothy, who spoke on the stabilising...

    • Posted August 17, 2016
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  • Flexible exchange rate will increase foreign investment – FG

    The Federal Government has said that the deregulation in the petroleum sector and the flexible exchange rate will lead to an increase in Foreign Direct Investment. Vice-President Yemi Osinbajo stated this while answering reporters’ questions after participating...

    • Posted August 17, 2016
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  • Oil rises to $48 ahead of OPEC meeting

    Global oil benchmark, Brent crude, rose on Monday to its highest level in a month on rising speculation that major producers may work out ways to support prices in an oversupplied market. Brent, against which half of...

    • Posted August 17, 2016
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