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  • Market sheds N49bn

    The equities market depreciated by N49bn as Diamond Bank Plc, CAP Plc and PZ Cussons Nigeria Plc emerged as top losers at the close of trading on the Nigerian Stock Exchange’s floor on Thursday. The NSE market...

    • Posted August 13, 2016
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  • FG to release N100bn for capital projects

    The Federal Government has disclosed plans to release N100bn for capital projects in a few days’ time, having earlier released N322bn for the same purpose. Vice President Yemi Osinbajo disclosed this on Thursday in Lagos during the...

    • Posted August 13, 2016
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  • NSE revises bond listing, trading fees

    The Nigerian Stock Exchange has modified the listing and trading fees for securities listed and traded on its fixed income market. The revised fee structure, which will be effective from August 17, 2016, will be piloted for...

    • Posted August 13, 2016
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  • Lawmakers seek establishment of financial services commission

    The House of Representatives Committee of Banking and Currency has called for the establishment of a financial services commission. The lawmakers said the committee when created, would be saddled with the responsibility of synchronising the activities of...

    • Posted August 13, 2016
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  • Minister orders aviation agencies to recover N40.08bn debt from airlines

    The Minister of State for Aviation, Senator Hadi Sirika has directed aviation agencies to recover the huge debts owed them by airlines and terminal facility operators before the end of September. Sirika who gave the directive stated...

    • Posted August 13, 2016
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  • SEC to stop issuance of dividend warrants to shareholders

    The Securities and Exchange Commission (SEC) wednesday said Registrars operating in the Nigerian stock market will no longer issue dividend warrants to shareholders as from June 30, 2017. Rather, all dividends would be paid electronically. The Director...

    • Posted August 12, 2016
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  • Ghana inflation drops 16.7% in July

    Ghana’s annual consumer price inflation dropped to 16.7 percent in July from 18.4 percent in June as the cedi currency stabilised and food prices fell at the start of the harvest season, the statistics office said on...

    • Posted August 12, 2016
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  • Sell gas to us in naira – Textile makers beg FG

    Textile manufacturers in the country have appealed to the Federal Government to stop selling gas to local industries in dollars. According to them, the payment of the gas tariff in the United States dollar is counter-productive to...

    • Posted August 12, 2016
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  • We’ve paid N700bn for road projects – FG

    The Federal Government has paid about N700bn out of the N2.1tn liabilities for the construction of 206 road projects across the country, the Minister of Power, Works and Housing, Babatunde Fashola, has said. Although the minister was...

    • Posted August 12, 2016
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  • FG begins review of tax policy

    The Federal Government on Wednesday began the review of the National Tax Policy with the inauguration of a committee to carry out the exercise. The Minister of Finance, Mrs. Kemi Adeosun, who inaugurated the committee at the...

    • Posted August 12, 2016
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  • NLNG subsidiary cuts workers’ salaries by 50%

    Seafarers in the employ of the Nigerian Liquefied Natural Gas Ship Management Limited, a subsidiary of the Nigeria LNG Limited, will from September 1 receive half of their current salaries. The decision is said to be in...

    • Posted August 12, 2016
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  • Apapa, Tincan Customs generate N158.1bn

    The Apapa and Tincan commands of the Nigeria Customs Service have generated a total of N130.7bn in the last seven months. While the Apapa Command generated N27.4bn in June, its highest revenue since the start of the...

    • Posted August 12, 2016
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  • NEPC targets $150bn forex reserves with new strategy

    The Nigerian Export Promotion Council said on Tuesday that the effective implementation of its new strategy on non-oil export would enable the country to increase its foreign exchange reserves to $150bn within the next 10 years. The...

    • Posted August 11, 2016
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  • Petrol should sell for N151.87/litre – Marketers insist

    Though attempts have been made to assure Nigerians that there are no plans to increase the pump price of Premium Motor Spirit, popularly referred to as petrol, The PUNCH has gathered that the actual price at which...

    • Posted August 11, 2016
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