All posts tagged "featured"

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  FG suspends talks with MTN

  Nigeria has reportedly suspended discussions with MTN over the record US$3.9billion fine imposed on the mobile operator’s subsidiary there while the country’s parliament investigates the size of the penalty and the way in which it was imposed....

  • Posted May 24, 2016
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  FirstBank leads in Forex allocation as CBN sells $143m to banks

  The Central Bank of Nigeria (CBN) sold $142,646,892.01 to 15 commercial banks and three merchant banks last week, as it sought to meet the huge demand for foreign exchange (forex) in the economy. The amount was higher...

  • Posted May 24, 2016
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  FG’s economic policies pushing Nigeria into recession – Analysts warn

  The dismal gross domestic products (GDP) and job reports, besides the current high inflation levels (13.7 per cent) clearly show that the government’s economic policies are not effective and require an urgent review to avoid further plunge...

  • Posted May 24, 2016
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  Nigeria faces recession as GDP shrinks

  Nigeria’s economy risks falling into recession after it shrank in the first quarter of 2016 as outputs in the manufacturing, financial, real estate, oil and gas fell significantly. The nation’s Gross Domestic Product, which measures the output...

  • Posted May 22, 2016
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  NIMASA unveils 3-year development plan

  The  Nigerian Maritime Administration and Safety Agency (NIMASA) has put in place, a three -year development plan from 2016 to 2019, termed ‘Medium Term Maritime Growth Strategy’ to guide its efforts in reshaping the sector. The Director-General...

  • Posted May 22, 2016
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  CBN disburses N55bn to 24 power firms as FG seeks improved supply

  As part of efforts to address the worsening power situation in the country, the Central Bank of Nigeria (CBN) yesterday disbursed a total of N55,456,161,481 from its Nigerian Electricity Market Stabilisation Facility (NEMSF) to firms in the...

  • Posted May 22, 2016
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  FG to set deadline for NNPC, refineries’ privatisation

  The Federal Government has said it will set a time frame for the privatisation of the Nigerian National Petroleum Corporation and the refineries before the end of this year. As part of the deregulation of the downstream...

  • Posted May 21, 2016
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  Full deregulation will soon happen – Oil marketers

  Just as they predicted two weeks ago that the Federal Government would raise the pump price of Premium Motor Spirit, which eventually happened, oil marketers have stated that the country may be heading for a total deregulation...

  • Posted May 21, 2016
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  Let market forces determine petrol prices – NACCIMA

  The Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture has urged the Federal Government to allow market forces to determine the prices of Premium Motor Spirit, otherwise known as petrol. The association made this known...

  • Posted May 21, 2016
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  NASCON pays N1.46bn dividend, to invest in product lines

  Shareholders of NASCON Allied Industries Plc on Thursday approved a dividend of N1.46 billion for the year ended December 31, 2015, which translates to 55 kobo per share. In his address to shareholders at the annual general...

  • Posted May 21, 2016
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