All posts tagged "featured"

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  Nigerian equities recorded highest returns on investment in May

  The Nigerian equities market fetched investors the highest returns in the month of May, 2016 globally despite the economic headwinds, THISDAY checks have revealed. The market has been bearish, recording a year-to-date decline of 4.9 per cent...

  • Posted June 14, 2016
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  Stocks plunge further amidst bleak economic outlook

  Global Markets: Global markets traded mostly in positive territory for the first two sessions of the past week following sustained uptick in oil prices, a positive European data (GDP grew 1.7% y/y in Q1’2016) and comments from...

  • Posted June 13, 2016
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  FG generates N586.17bn from taxes in 90 days

  The Federal Government generated a total sum of N586.17bn as tax revenue through the Federal Inland Revenue Service in the first quarter of this year, a document showing the fiscal position of government has shown. An analysis...

  • Posted June 13, 2016
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  Local firms pay more for gas than foreign buyers

  Nigerian firms pay about 200 per cent more for gas to power their operations than importers of the product and manufacturers using gas in other countries, an investigation by SUNDAY PUNCH has shown. Specifically, local manufacturers say...

  • Posted June 13, 2016
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  States agree to new conditions for future bailout funds

  A conditional Budget Support Facility to provide financial relief to state governments is being finalised by the federal government, the Ministry of Finance has said. A statement from the ministry of finance on Saturday, explained that the...

  • Posted June 13, 2016
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  Naira to fall further ahead of new forex policy

  The naira is expected to drop further against the United States dollar at the parallel market in the coming days as the Central Bank of Nigeria moves to release details of its new flexible exchange rate policy....

  • Posted June 12, 2016
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  GTBank wins African Banker Award

  Guaranty Trust Bank has been adjudged the most innovative bank in Africa at the recently held African Banker Awards. The depository, which is the only one in Nigeria that was honoured at this year’s event, also has...

  • Posted June 12, 2016
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  Petrol sales dropped 40% since price adjustment to N145 – MOMAN

  Following the recent adjustment of the price of petrol to N145 per litre by the federal government, sales of the product have drastically reduced by about as much as 40 per cent, according to the Chairman, Major...

  • Posted June 12, 2016
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  AfDB approves $150m credit for UBA

  The Board of Directors of the African Development Bank Group (AfDB) through its private sector window has approved a $150 million Line of Credit (LOC) to United Bank for Africa (UBA) Plc. This was disclosed yesterday by...

  • Posted June 11, 2016
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  NNPC pays N56bn to federation account

  The Nigerian National Petroleum Corporation (NNPC) said it paid N56.22 billion into the Federation Account in April, 2016. This is contained in the corporation’s Monthly Financial Report released in Abuja yesterday. “NNPC transferred N56.22 billion to the...

  • Posted June 11, 2016
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