All posts tagged "featured"

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  Stocks gain as CBN says market will determine naira rate

  After weeks of consultation with stakeholders in the financial services sector, the Central Bank of Nigeria on Wednesday finally released the flexible foreign exchange guidelines. The CBN Governor, Mr. Godwin Emefiele, who announced the details of the...

  • Posted June 17, 2016
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  Marketers tackle Kachikwu over fuel pump price

  Oil marketers under the aegis of the Association of Mega Filling Station Owners of Nigeria have threatened to stop dispensing Premium Motor Spirit, also called petrol, accusing the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu,...

  • Posted June 17, 2016
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  Inflation hits 80-month high at 15.6% – NBS

  The deregulation of the downstream sector of the oil industry, which resulted into an increase in the pump price of Premium Motor Spirit from N87 to N145 per litre has pushed the country’s inflation rate to an...

  • Posted June 16, 2016
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  FG releases N280bn to six ministries, 50 agencies

  The Federal Government on Tuesday announced that it had so far released N280bn from the N350bn set aside for capital projects as contained in the 2016 budget. It stated that the funds had been sent to the...

  • Posted June 16, 2016
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  FG secures N90bn conditional loan for states

  The Federal Government on Tuesday announced that it had secured a N90bn conditional loan from the private sector for state governments through the issuance of bonds in the bond market. The Minister of Finance, Mrs. Kemi Adeosun,...

  • Posted June 16, 2016
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  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
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  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
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  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
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  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
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  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
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