All posts tagged "featured"

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  11 banking stocks decline as index improves

  Skye Bank Plc, Unity Bank Plc, FCMB Group Plc and Access Bank Plc topped the losers’ table after the close of trading at the Nigerian Stock Exchange on Thursday. Seven other banks also shed part of their...

  • Posted January 9, 2016
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  FG seeks US help on solid minerals deposits

  The Federal Government has sought the assistance of the United States to determine the quality and quantity of solid minerals deposits available in the country. Pursuant to this, the United States Geological Survey and its Nigerian counterpart...

  • Posted January 9, 2016
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  IMF wants flexible exchange rate, higher VAT for Nigeria

  The International Monetary Fund on Wednesday advised the Federal Government to consider a flexible exchange rate policy rather than outright devaluation of the naira and the current forex restrictions. It also called for an increase in the...

  • Posted January 8, 2016
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  DPR begins enforcement of new fuel price

  The Department of Petroleum Resources on Wednesday said it had commenced the enforcement of the new price regime for Premium Motor Spirit, otherwise known as petrol. This is coming six days after the commencement of the new...

  • Posted January 8, 2016
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  External reserves lose $112m in five days

  The nation’s foreign reserves have fallen by $112m in five days to $28.960bn; the latest figures obtained from the Central Bank of Nigeria have shown. The loss, recorded between December 31 and January 6, was the biggest...

  • Posted January 8, 2016
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  Crude oil price drops below $35 for first time since 2004

  The prices of crude oil wednesday fell below $35 per barrel for the first time since 2004, tumbling more than five per cent as the row between Saudi Arabia and Iran made any cooperation between major exporters...

  • Posted January 8, 2016
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  FG to audit all revenue generating agencies

  The federal government has ordered the audit of all revenue generating agencies in the country in order to ensure that all funds collected are remitted into its coffers. Finance Minister, Mrs. Kemi Adeosun, who briefed State House...

  • Posted January 8, 2016
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  MTN acquires Visafone in landmark industry deal

  After months of negotiations, Africa’s largest telecoms operator, MTN, sealed the deal to acquire Visafone, the leading CDMA operator in Nigeria, THISDAY has learnt. According to sources in the telecoms industry, the acquisition is expected to provide...

  • Posted January 8, 2016
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  Investors count losses as bears consolidate hold on market

  Investors continue to count losses at the stock market as the bearish trend persisted for the third day running. The market had ended 2015 with a decline of 17. 3 per cent and when it was expected...

  • Posted January 8, 2016
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  NCC moves to resuscitate CDMA operations

  The Nigerian Communications Commission (NCC) may have hearkened to persistent calls to revitalise the country’s Code Division Multiple Access (CDMA) operations, as the agency’s Executive Vice Chairman, Prof. Umar Danbatta has promised attractive incentives that will encourage...

  • Posted January 8, 2016
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