Latest News

• 
  Index falls 0.26 % as NSE records third consecutive decline

  The Nigerian equities market recorded its third straight decline as investor sentiment remained dampened just as the National Bureau of Statistics (NBS) released very disappointing economic data. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) fell 0.26...

  • Posted June 16, 2016
  • 0
• 
  Nigeria’s current account deficits to hit $14.6bn in 2017

  As the decline in crude oil prices continues to take a toll on Nigeria’s balance of trade, experts have predicted that the country’s current account deficits will rise to $20.0 billion by the end of this year...

  • Posted June 16, 2016
  • 0
• 
  CBN grants Providus Bank commercial banking licence

  Providus Bank Plc has been granted a commercial banking licence with regional authorisation by the Central Bank of Nigeria (CBN). The central bank disclosed this in a circular posted on its website on Tuesday. Although the circular...

  • Posted June 16, 2016
  • 0
• 
  How part of $12.9bn NLNG dividend was spent – NNPC

  The Nigerian National Petroleum Corporation (NNPC) on Tuesday finally provided clarification on how part of the $12.9 billion dividends it received from the Nigeria Liquefied Natural Gas (NLNG) Company Ltd over an eight-year period on behalf of the...

  • Posted June 16, 2016
  • 0
• 
  Stock market sheds N45bn as 22 firms lose

  The Nigerian Stock Exchange recorded a loss of N45bn in its market capitalisation on Monday after the shares of 22 firms depreciated in value. The NSE All-Share Index dropped points at week open, shedding 0.47 per cent...

  • Posted June 15, 2016
  • 0
• 
  FG to assist states raise funds from capital market

  The Federal Government on Monday said it would encourage state governments to raise long-term funds from the capital market to finance capital projects. It said rather than the states looking at the banking sector to raise funds,...

  • Posted June 15, 2016
  • 0
• 
  Power: NPDC, IOCs to inaugurate four gas projects

  The Federal Government on Monday announced the readiness of the Nigerian Petroleum Development Company and some international oil companies to inaugurate four gas projects that would considerably improve power supply across the country. It stated that the...

  • Posted June 15, 2016
  • 0
• 
  Buhari backs CBN flexible Forex policy, says it’s down payment for success

  The flexible foreign exchange policy of the Central Bank of Nigeria got a presidential nod again yesterday as President Muhammadu Buhari said it would help the country’s economy, which had been badly hit by a slump in...

  • Posted June 15, 2016
  • 0
• 
  World Bank releases $39m for Fadama projects

  The World Bank says it has so far spent about N7.78bn ($39m) on the third National Fadama Development Project Additional Financing as part of efforts to support Nigeria’s agriculture and economic diversification drive of the Federal Government....

  • Posted June 14, 2016
  • 0
• 
  Banks sacking: NECA opposes planned picketing by union

  The Nigeria Employers’ Consultative Association has condemned the planned picketing of selected banks by the National Union of Banks, Insurance and Financial Institutions Employees. The employers’ association, in a statement on Sunday, alleged that the union was...

  • Posted June 14, 2016
  • 0
• 
  No respite for capital market this week – Analysts

  The capital market is unlikely to see advancements in the performances of indices this week owing majorly to the continued delay by the Central Bank of Nigeria in developing the new foreign exchange framework for the country,...

  • Posted June 14, 2016
  • 0
• 
  UK approves N4.74bn for solar power in Nigeria

  The United Kingdom, through its Department for International Development, has approved N4.74bn (£16.7m) for the development of electricity from solar energy in Nigeria. According to SolarNigeria, the agency in charge of the programme in Nigeria, the funds...

  • Posted June 14, 2016
  • 0
• 
  NSE CEO lists benefits of sustainability reporting

  The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema has urged companies to embrace sustainability reporting, saying it has many benefits. Speaking at the Nigerian capital market sustainability reporting seminar in Lagos, Onyema...

  • Posted June 14, 2016
  • 0
• 
  Forex reserves gain positive momentum, rise for five straight days

  Nigeria’s foreign exchange (forex) reserves have maintained positive momentum this month rising slightly for five consecutive days. Data gathered from the Central Bank of Nigeria (CBN) website at the weekend showed that the reserves derived mainly from...

  • Posted June 14, 2016
  • 0