All posts tagged "featured"

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  Rising inflation, forex volatility key issues as MPC meets

  Rising inflation, foreign exchange volatility, and stunted economic growth are key issues that will be discussed at the meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), which begins tomorrow, analysts have...

  • Posted March 21, 2016
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  Naira devaluation: Investors proffer alternatives

  Rather than weaken the local currency, which will further harm the already hard-hit economy, investors in the country have advised the Federal Government to look at other options of strengthening the economy. According to the Chairman of...

  • Posted March 20, 2016
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  S&P revises Nigeria’s outlook to B+ Negative, foreign trade drops to N3.65tn

  One of the biggest global rating agencies, Standards & Poor’s (S&P) has revised Nigeria’s sovereign credit outlook to negative, from the stable it was previously. Nigeria currently has a B+ rating by the agency. It also emerged...

  • Posted March 20, 2016
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  FG plans huge investment in shipping to diversify economy

  The federal government is set to invest heavily in shipping in line with its diversifying programme. The government has also promised to invest in capacity building by equipping port state control (PSC) inspectors working in the Nigerian...

  • Posted March 19, 2016
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  Access Bank grows profit by 53% to N66bn, pays 30kobo final dividend

  Access Bank Plc on Thursday excited the capital market community with an impressive financial performance for the year ended December 31, 2015. The bank reported growth in all performance indicators despite the economic headwinds. Gross earnings rose by...

  • Posted March 19, 2016
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  UBA expects 15% loan growth in 2016

  The United Bank for Africa (UBA) expects loan growth of 10 to 15 per cent this year, reversing a 3.3 percent decline last year, it said on Thursday. The top tier lender had originally forecast loan growth...

  • Posted March 19, 2016
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  FG launches N10bn Youth Entrepreneurship Support Programme

  Minister of Trade, Industry and Investment, Dr. Okechukwu Enelamah on Thursday officially inaugurated the Bank of Industry (BoI)’s N10billion-Youth Entrepreneurship Support (YES) scheme, aimed at developing the entrepreneurial capacity of youths and providing start up loans at concessionary...

  • Posted March 19, 2016
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  Nigerian firms will survive oil price slump — FG

  Nigerian companies in the oil and gas as well as financial sectors will survive the plunge in the global prices of crude oil, the Federal Government has said. Although the government said the fall in oil prices...

  • Posted March 19, 2016
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  CPC probes banks for customer rights abuse

  The Consumer Protection Council on Thursday said it was investigating cases of consumer rights abuse by the banking and hospitality sectors of the economy. The Director-General, CPC, Mrs. Dupe Atoki, disclosed this at a stakeholders’ workshop held...

  • Posted March 19, 2016
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  Stock market records N1.6bn turnover

  The Nigerian stock market recorded a turnover of N1.6bn on 201 million shares. Value and volume of transactions were below February averages by 37 per cent and 66 per cent respectively at the close of trading on...

  • Posted March 19, 2016
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