All posts tagged "featured"

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  NRC increases Lagos goods trains, eyes fuel haulage

  The Nigerian Railway Corporation says it has increased its capacity for goods haulage, especially dry products, in the Lagos district with the intention to capture more freight business this year. It also said the corporation planned to...

  • Posted June 23, 2016
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  Poor metering: NERC to sanction Discos from October

  Power distribution companies that fail to provide meters for all maximum demand customers on their networks not later than the last quarter of this year will be sanctioned, the Nigerian Electricity Regulatory Commission has said. According to...

  • Posted June 23, 2016
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  CIS endorses CBN’s floating exchange rate policy

  The Chartered Institute of Stockbrokers (CIS) has applauded the Central Bank of Nigeria (CBN) for the re-introduction and re-modelling of the floating single foreign exchange policy. The CIS in a statement, described the move as a bold...

  • Posted June 23, 2016
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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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