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  • Nigerian Stock Market gains 3.3% in first six months

    The Nigerian stock market closed the first half of the year with a growth of 3.3 per cent compared with a decline of 3.2 per cent in the corresponding period of 2015. Although the market ended on...

    • Posted July 2, 2016
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  • Business loans not national cake – Emefiele tells Corps members

    The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele on THursday flagged-off the training of the first batch of applicants under the Youth Entrepreneurship Development Programme (YEDP) involving 1,547 members of the National Youth...

    • Posted July 2, 2016
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  • FG urged to create special FX Window for manufacturers

    Despite the appreciable progress recorded in the foreign exchange market since the Central Bank of Nigeria (CBN) announced its new foreign exchange policy, manufacturers in the country have decried their inability to get the greenback to import...

    • Posted July 2, 2016
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  • FG to borrow N395bn via bonds

    The Federal Government is planning to borrow between N305bn and N395bn ($1.08bn-$1.40bn) in local currency-denominated bonds with maturities ranging from five to 20 years in the third quarter of this year, the Debt Management Office has said....

    • Posted July 1, 2016
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  • Power: FG eyes offshore, inland basin gas reserves

    The recent militant attacks on oil and gas facilities may have prompted the Federal Government to look towards developing alternative sources of gas supply for power generation in the country. Government officials, who gave the indications on...

    • Posted July 1, 2016
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  • PPMC to address challenges facing LPG vessels

    The Pipelines and Product Marketing Company Limited, a subsidiary of the Nigerian National Petroleum Corporation, has said it will look into the allegation by some marketers that Liquefied Natural Gas vessels are being diverted in Lagos. The...

    • Posted July 1, 2016
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  • New code will separate roles of Chairman and CEO – NCC

    The new Code of Corporate Governance for the telecoms sector is targeted at separating the roles of the chairman from that of the Chief Operating Officer (CEO) of all licensed telecommunications company, the Nigerian Communications Commission (NCC),...

    • Posted July 1, 2016
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  • Seni Adetu appointed Fidelity Bank’s Non-executive Director

    Fidelity Bank Plc has announced the appointment of Chief Seni Adetu, as an Independent Non-executive director of the bank. Adetu, the immediate past Managing Director of Guinness Nigeria Plc, according to a statement from the bank brings...

    • Posted July 1, 2016
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  • Kachikwu signs $80bn oil and gas infrastructure deals in China

    The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has signed Memorandums of Understanding (MoUs) with several Chinese firms for over $80 billion new investments, spanning five years, in the oil and gas industry covering pipelines,...

    • Posted July 1, 2016
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  • CBN, Citibank execute first naira-settled OTC FX Futures of $20m

    The first Naira-settled over-the-counter (OTC) foreign exchange (FX) Futures on the FMDQ OTC Securities Exchange was yesterday executed between the Central Bank of Nigeria (CBN) and Citibank Nigeria Limited. Although the FMDQ which disclosed this on its...

    • Posted July 1, 2016
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  • Credit growth likely to weaken on naira depreciation

    Given the depreciation of the naira exchange rate and the liberalisation of the forex market, credit growth is likely to remain subdued this year, a report has stated. Given the relatively weaker macro environment, the report, “Nigerian...

    • Posted June 30, 2016
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  • NAICOM to sample blueprint of RBS next month

    Determined to reposition the insurance industry to attain the global best practices status, the National Insurance Commission (NAICOM), said it will in July this year, expose the draft of its much talked about Risk Based Supervision (RBS)...

    • Posted June 30, 2016
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  • Banks recorded N18bn fraud cases in 2015 — NDIC

    The banking sector recorded 12,279 fraud cases involving the sum of N18.02bn in the 2015 financial period, the Nigeria Deposit Insurance Corporation disclosed on Tuesday. The corporation, in its 2015 annual report and statement of account for...

    • Posted June 30, 2016
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  • We will ensure diligent privatisation process, says Osinbajo

    The Presidency on Tuesday said it would ensure that the process of privatisation of public enterprises was undertaken diligently. Vice President Yemi Osinbajo said this while granting audience to members of the House of Representatives’ Committee on...

    • Posted June 30, 2016
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