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  • Infractions: NSE moves to sanction Directors of stockbroking firms

    The Nigerian Stock Exchange (NSE) has intensified moves to ensure directors of stockbroking firms are adequately punished for mismanagement of the firms or violation of market rules by the firms. Currently, Rule 19.4 of the NSE gives...

    • Posted July 19, 2016
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  • Inflation predicted to drop marginally in June

    After an almost unstoppable rise in headline inflation to a record high, the economy may be entering an era of declining rates of inflation, analysts have predicted For the Financial Derivatives Company Limited, the inflation rate for...

    • Posted July 19, 2016
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  • Nigerian equities maintain negative momentum

    Stock market closed lower last week as most investors remained on the sidelines in the absence of inspiring economic news that will stimulate demand for stocks. The market has remained negative since the beginning of the second...

    • Posted July 19, 2016
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  • Forex scarcity pushes naira down across market segments

    The naira depreciated against the United States dollars at all foreign exchange (forex) market segments last week following reports of strain in forex supply, mainly at the interbank market segment As a result of this, the spot...

    • Posted July 19, 2016
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  • Dangote donates food items to IDPs in Abuja

    As part of its philanthropic gesture, the Dangote Foundation has delivered food items to alleviate the suffering of the vulnerable and the indigent in the Federal Capital Territory, Abuja. The food items, worth millions of Naira, was...

    • Posted July 18, 2016
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  • FG to protect local manufacturers of tomato paste

    THe Federal Government has said its planned policy on tomato will protect local manufacturers of the product and ensure an end to the importation of substandard tomato paste. The Minister of State for Industry, Trade and Investment,...

    • Posted July 18, 2016
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  • Tariff reversal: We won’t pull out, say power investors

    Investors in the power sector have declared that they will not pull out of the industry despite the recent judgment by the court, which directed the Nigerian Electricity Regulatory Commission and the Federal Government to reverse the...

    • Posted July 18, 2016
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  • Finance experts disagree with RMAFC on tax increase

    Stakeholders, including a renowned economist, Mr. Bismarck Rewane, have disagreed with the Revenue Mobilisation Allocation and Fiscal Commission on its call on the Federal Government to increase Value Added Tax rate to between 7.5 per cent and...

    • Posted July 18, 2016
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  • NSEASI sheds 0.17% week-on-week, NB releases H1:2016 scorecard

    The equities market closed the week slightly in the negative zone, following losses on three (3) of five (5) trading days in the week. The Nigerian Stock Exchange All Share Index (NSEASI), which measures the performance of...

    • Posted July 18, 2016
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  • FirstBank targets 10million new customers with Agency banking

    Nigeria’s premier financial Institution and most valuable bank brand, First Bank of Nigeria Limited, is targeting to grow its customer base by over 10 million new customers in the next three years. The expansion is in sync...

    • Posted July 17, 2016
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  • NERC appeals court ruling on electricity tariff

    The Nigerian Electricity Regulatory Commission has directed its lawyers to file an appeal against the court ruling that mandated it to reverse the 45 per cent increase in electricity tariff across the country. The NERC had earlier...

    • Posted July 17, 2016
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  • Emefiele woos US, British investors

    The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele flew to Britain and the United States this week to try to lure back investors scared off by the plunge in oil prices and resulting financial turmoil,...

    • Posted July 17, 2016
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  • 80MW solar plant deal signed in Jigawa State

    A major milestone in the power sector has been recorded as Nova Scotia Power Development Limited (NSPDL) has signed a Power Purchase Agreement (PPA) with the Nigerian Bulk Electricity Trading Plc (NBET) for the development of one...

    • Posted July 17, 2016
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  • Arik warns scarcity of aviation fuel may cripple flight operations

    Nigeria’s major carrier, Arik Air has warned that air travel may be crippled by the increasing prices of aviation fuel, known as Jet A1, which has recorded over 35 per cent increase in the last four weeks....

    • Posted July 17, 2016
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