All posts tagged "featured"

• 
  NSE: Top 10 broking firms handled N1.3trn transactions in 2015

  As cautious optimism heralded the first week trading sessions of the year on the floor of the Nigerian Stock Exchange last week, fresh data pushed into the capital market has shown that 67.11 per cent of the...

  • Posted January 11, 2016
  • 0
• 
  N820bn oil revenue under threat as exports drop

  The proposed oil revenue in the 2016 budget presented by President Muhammadu Buhari to the National Assembly about three weeks ago is facing a setback as the nation’s crude exports begin to fall amid further slide in...

  • Posted January 11, 2016
  • 0
• 
  FG, states, LGs to share N5.7tn this year

  A total sum of N5.7tn is being planned to be distributed among the three tiers of government as allocations for the 2016 fiscal year, figures obtained from the Medium Term Expenditure Framework have revealed. The framework covers...

  • Posted January 11, 2016
  • 0
• 
  Forex: Cocoa processors lose as farmers make profit

  The President, Cocoa Processors Association of Nigeria, Mr. Dimeji Owofemi, has said that cocoa processors are recording huge losses on cocoa beans as a result of the Federal Government’s foreign exchange market restrictions. In an exclusive interview...

  • Posted January 11, 2016
  • 0
• 
  RenCap proposes N250/$1 currency adjustment for Nigeria

  As the debate over the naira devaluation rages on, analysts at Renaissance Capital (RenCap) have stated that it would be good to see Nigeria shift its currency this month to about $250/$1. Adjusting the naira to the...

  • Posted January 10, 2016
  • 0
• 
  Auctioneers call on Buhari to probe sale of NITEL/MTEL

  The National President of the Nigeria Association of Auctioneers (NAA), Aliyu Kiliya, has called on President Muhammadu Buhari to honour his   promise to probe the sale of NITEL/MTEL obsolete items, following outraged that trailed its sale. Kiliya...

  • Posted January 10, 2016
  • 0
• 
  Plunging oil prices: Speculators bet on $15 per barrel in 2016

  As crude oil price plunges further, global speculators are reported to be buying put options contracts that will only pay out if price drops to as low as $15 a barrel in 2017, the latest sign some...

  • Posted January 10, 2016
  • 0
• 
  Banks to intensify competition for retail deposits

  Competition for retail deposits is expected to be intensified across the banking industry this year as competitive frontier shifts to efficiency and margin, a report has shown. In addition, the report titled: “The Year Ahead-2016,” by Diamond...

  • Posted January 10, 2016
  • 0
• 
  National Assembly may cut $38 oil benchmark

  The National Assembly is likely to reduce the crude oil benchmark price of $38 per barrel proposed by the executive for the 2016 budget, the Chairman, Senate Committee on Media and Public Affairs, Senator Saabi Abdullahi, has...

  • Posted January 9, 2016
  • 1
• 
  FG raises N136bn in treasury bills at higher yields

  The Federal Government on Thursday sold N136.24bn ($684.67m) in Treasury bills with maturities from three months to one year at its first auction of the year on Wednesday. The T-bills were at higher yields than previously, the...

  • Posted January 9, 2016
  • 0