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  • Nigeria’s economic growth rests on financial discipline, others – Adeosun

    The Minister of Finance, Mrs. Kemi Adeosun, monday said if Nigeria was to achieve sustainable economic growth, it needed a planned approach to financial discipline, targeted investment and economic diversification. Adeosun also said state governments in the...

    • Posted June 29, 2016
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  • How DPR undervalued NNPC’s 8 oil blocks – NEITI

    The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Mr. Waziri Adio has explained how the Department of Petroleum Resources (DPR) undervalued eight Oil Mining Leases (OMLs) belonging to the Nigerian National Petroleum Corporation (NNPC)....

    • Posted June 29, 2016
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  • CBN kicks off OTC FX Futures as Buhari restates opposition to devaluation

    Despite the plaudits Nigeria has received from the local and international business community on the removal of its currency peg and attained recorded by the Central Bank of Nigeria (CBN) monday in the foreign exchange (FX) market...

    • Posted June 29, 2016
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  • Nigeria seeks $50bn oil investment from China, others

    Nigeria is seeking $40bn to $50bn investment in oil projects with the commencement of a major road show in China, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, said on Monday. Kachikwu, in an interview...

    • Posted June 29, 2016
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  • Oil price slumps to $46 amid Brexit concerns

    Global oil benchmark, Brent crude, traded sharply lower on Monday, extending its declines following Britain’s vote to exit the European Union on Thursday. The dip in the oil price comes as investors were worried about global energy...

    • Posted June 29, 2016
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  • FG directs immediate re-opening of NERFUND

    The Federal Government on Tuesday directed the immediate re-opening of the National Economic Reconstruction Fund almost one week after it was shut. The Minister of Finance, Mrs Kemi Adeosun, gave the directive in a statement issued by...

    • Posted June 29, 2016
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  • Brexit hits Nigerian stocks, investors lose N278bn

    Investors in the country’s capital market recorded a loss of N278bn on Monday as concerns that the market might plummet due to the decision of Britain to leave the European Union heightened. Some traders said there was...

    • Posted June 29, 2016
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  • FG releases N109bn for capital projects

    Out of the N350bn set aside for capital spending in the first and second quarters of this year, about N109bn has been released by the Federal Government to various contractors. The Minister of Finance, Mrs. Kemi Adeosun,...

    • Posted June 29, 2016
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  • Stocks: Analysts expect cautious trading this week

    Industry analysts have predicted that there will be cautious trading in the nation’s stock market this week. This is coming after global bourses plummeted at last week’s close as the United Kingdom voted to leave the European...

    • Posted June 28, 2016
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  • 17 states provide land for FG’s housing project

    Out of the 36 states of the federation and the Federal Capital Territory, only 17 have provided land for the National Housing Project, the Federal Government has said. This was disclosed when the Minister of Power, Works...

    • Posted June 28, 2016
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  • NCC wants increased girl participation in ICT

    The Executive Vice Chairman, Nigerian Communications Commission, Prof. Umar Danbatta, has called on girls across the country to explore new career opportunities in Information and Communications Technology in order to bridge the gender gap in technology. Danbatta...

    • Posted June 28, 2016
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  • NSE facilitates N11tn securities investment in 10 years

    The Nigerian Stock Exchange (NSE) has facilitated the investment of N11.094 trillion in the nation’s capital market in the last 10 years, according to data obtained by THISDAY at the weekend. The data showed that the investments...

    • Posted June 28, 2016
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  • Dangote clarifies Forex allocation to refinery, fertilizer plant

    Africa’s richest man and President of Dangote Group, Aliko Dangote, has clarified that his refinery, petrochemical and fertilizer plant did not collect as much foreign exchange from the Central Bank of Nigeria (CBN) as some people have...

    • Posted June 28, 2016
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  • CBN lists operational requirements as OTC FX Futures Market takes off

    As the over-the-counter (OTC) foreign exchange (FX) futures market under the new FX regime takes off today, the Central Bank of Nigeria (CBN) has stressed that along with the requisite certificate of capital importation (CCI), all participating...

    • Posted June 28, 2016
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