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  • FG plans London Bond talks as naira move looms

    Nigerian officials are meeting bond investors in London next week, according to a person familiar with the matter, as the government considers tapping international debt markets for the first time in three years to help finance its...

    • Posted June 3, 2016
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  • Investigative hearing reveals shady deals in 2005-2007 oil bid rounds

    The House of Representatives ad hoc committee investigating all oil bid rounds has heard details of shady deals in the tenders for the 2005-2007 bid rounds. The committee wednesday heard that none of the companies that won...

    • Posted June 3, 2016
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  • CBN begins stakeholder consultations on flexible exchange rate

    The Central Bank of Nigeria (CBN) wednesday held a meeting with treasurers of banks, one of a series of consultations with critical stakeholders in the financial system, to discuss its planned adoption of a flexible exchange regime....

    • Posted June 3, 2016
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  • Buhari to inaugurate Abuja-Kaduna rail line in July

    President Muhammadu Buhari will next month (July) signal the commencement of interstate railway services on the $1bn Abuja-Kaduna rail line project, the Minister of Transportation, Rotimi Amaechi, has said. According to him, the rail line is set...

    • Posted June 3, 2016
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  • OPEC members seek joint action on oil output

    Some members of the Organisation of Petroleum Exporting Countries including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers when the group meets today (Thursday) in Vienna. A senior OPEC source...

    • Posted June 3, 2016
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  • Nigeria risks housing crisis in four years – Buhari

    President Muhammadu Buhari on Wednesday declared that the country might face a housing crisis in the next four years, but stressed that his government had earmarked N40bn to provide affordable homes for Nigerians in the 2016 budget...

    • Posted June 3, 2016
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  • FG may raise tax revenue to 18% in next fiscal year

    The federal government plans to increase Nigeria’s tax revenue from the current value of seven per cent to 18 per cent by the next fiscal year, Director General of the Debt Management Office (DMO), Dr. Abraham Nwankwo...

    • Posted June 2, 2016
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  • Nigeria remains Africa’s top investment destination – Elumelu

    The Chairman of Heirs Holdings, Mr. Tony Elumelu has urged members of the French business community to always see Nigeria as their first choice investment destination in Africa. Elumelu, who is the Chairman of the United Bank...

    • Posted June 2, 2016
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  • Senate slams Fashola over poor power supply

    The Joint Senate Committee on Power, Employment, Labour and Productivity Tuesday lamented the deplorable state of power supply in the country and told the Minister of Power, Works and Housing, Mr. Babatunde Fashola, to live up to his...

    • Posted June 2, 2016
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  • Buhari to CBN: No objection to flexible exchange rate

    Faced with an economy nearing recession and inflation at the highest in almost six years, President Muhammadu Buhari has backed down on his refusal to allow the naira to weaken. The President, according to Bloomberg, has given...

    • Posted June 2, 2016
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  • Power: NERC bans mass disconnection of consumers

    The Nigerian Electricity Regulatory Commission on Tuesday announced an outright ban on the mass disconnection of electricity consumers by power distribution companies across the country. In May, the power distribution companies commenced what they described as the...

    • Posted June 2, 2016
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  • Nigeria’s Barkindo may become OPEC secretary-general

    The Organisation of Petroleum Exporting Countries is likely to choose a former Group Managing Director of the Nigerian National Petroleum Corporation, Mohammed Barkindo, as its next secretary-general. Three sources with knowledge of the matter were quoted by...

    • Posted June 2, 2016
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  • Stocks: Investors lose N426bn in one session

    Equity investors in the country’s capital market lost over N426bn in just one session of trading after activities resumed on the floor of the Nigerian Stock Exchange on Tuesday. The NSE market capitalisation declined to N9.5tn from...

    • Posted June 2, 2016
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  • Stock market lost N1.732tn in one year under Buhari

    The Nigerian stock market crashed by N1.732tn within one year of the Muhammadu Buhari-led Federal Government. The Nigerian Stock Exchange data showed that the NSE market capitalisation on May 28, 2015 was N11.658tn, while that of May...

    • Posted June 1, 2016
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