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  • NPA boss foresees 2016 revenue rising as naira floats

    Revenue from Nigeria’s ports may beat initial estimates this year after the country abandoned a peg on the naira in favour of a more flexible, market-driven exchange rate policy, to alleviate dollar shortages that had been hurting...

    • Posted June 23, 2016
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  • NAICOM approves NICON Insurance 2014 Accounts

    The National Insurance Commission (NAICOM) has approved the 2014 audited financial statement of NICON Insurance Limited. The approval was granted following the confirmation by the insurance apex regulator that NICON had substantially complied with regulatory requirements. The...

    • Posted June 23, 2016
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  • NSE Index hits new high as bulls return to Stock Market

    The Nigerian Stock Exchange (NSE) All-Share Index (ASI) hit a new high yesterday as the Bulls returned to the stock market following successful take-off of the flexible foreign market. The ASI, which fell by 1.63 per cent...

    • Posted June 23, 2016
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  • FG unveils new debt management strategy

    The federal government has unveiled a new debt management strategy to run from 2016 – 2019 aimed at a marginal increase in external borrowing and increased commitment to capital projects execution. The Director General of the Debt...

    • Posted June 23, 2016
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  • FG to raise foreign borrowing to 40%

    The Federal Government on Monday unveiled a new debt management plan for 2016 to 2019, aimed at raising the country’s foreign debt portfolio to 40 per cent of the total debt mix. At a news briefing in...

    • Posted June 22, 2016
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  • Forex trading: NSE loses N163bn on first day

    The stock market started the week with a loss of N163bn in market capitalisation at the close of trading on the floor of the Nigerian Stock Exchange on Monday. A total of 33 losers emerged, with Ecobank...

    • Posted June 22, 2016
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  • NNPC targets profitability by end of 2016

    The Minister of State for Petroleum, Dr. Ibe Kachikwu has said that having reduced the average monthly loss from N40 billion to N3 billion as a result of its corporate restructuring, the Nigerian National Petroleum Corporation (NNPC)...

    • Posted June 22, 2016
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  • CBN okays Wema Bank as FX Primary Dealer

    Following the recent commencement of trading on the Nigeria Interbank Foreign Exchange (NIFEX), and the announcement of the movement from the official exchange rate to a market-determined system, Wema Bank Plc has been appointed as one of...

    • Posted June 22, 2016
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  • Gas supply projects delay ExxonMobil, Chevron, Totals’ power plants

    The delay in the construction of the multibillion dollar upstream gas supply projects to feed Chevron’s Agura Power Plant, ExxonMobil’s Qua Iboe Power Plant and Total’s Obite Power Plant has delayed the projects, which were conceived by...

    • Posted June 22, 2016
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  • BoI, Abia Government float N1bn lifeline for SME operators

    The Bank of Industry (BoI) and the Abia state government have inked an agreement under a Memorandum of Understanding (MoU) to pump N1 billion into the Small and Medium Enterprise (SME) sector of the state. The fund...

    • Posted June 22, 2016
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  • CBN clears $4.55bn in Spot and Forward trading as naira peg is lifted

    Trading took off under the new rules for the Nigeria Interbank Foreign Exchange (NIFEX) market monday, with the Central Bank of Nigeria (CBN) participating in spot and forward trading, where it met 100 per cent of demand...

    • Posted June 22, 2016
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  • Financial institutions key to SDGs attainment – Minister

    Ahe Minister of Environment, Mrs. Amina Mohammed, has said that financial institutions are vital to the achievement of the Sustainable Development Goals over the next 15 years. She said sustainable development was about capital allocation and should...

    • Posted June 21, 2016
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  • Retailers question dollar rents in Nigerian malls

    Retailers who operate in dollar-denominated malls across the country are questioning the development following the free fall of the naira in recent times. Prior to the announcement of a market-driven foreign exchange policy by the Central Bank...

    • Posted June 21, 2016
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  • Nigeria’s economy attracts $77bn foreign investments in six years

    The Nigeria’s economy attracted $76.89 billion foreign investments between 2010 and 2015 just as analysts have said the new flexible foreign exchange policy will boost foreign investments in the near term. Data sourced by THISDAY from the...

    • Posted June 21, 2016
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