All posts tagged "featured"

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  Transport sector’s 1.41% contributions to GNP unacceptable – Amaechi

  The Minister of Transport, Mr. Rotimi Amaechi, has said 1.41 percent aggregate contribution of the sector to the Gross National Product (GNP) is unacceptable by government. He admitted however that the maritime sector’s contribution to the nation’s...

  • Posted January 6, 2016
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  Stock market recovers N649bn in two-day rally

  The Nigerian stock market recorded an unexpected rally last week, which was led to a recovery of N648.8 billion in market capitalisation in two days. The market appreciated 6.59 per cent while its month-on-month growth stood at...

  • Posted January 5, 2016
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  Dangote calls for more investment in Nigeria

  The President, Dangote Group, Aliko Dangote, has urged local and foreign investors to invest more in the nation’s economy, because Nigeria offers good returns on investment. Addressing a group of businessmen, who paid him a visit in...

  • Posted January 5, 2016
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  Nigerians pay less than 40% of electricity bills – Discos

  Nigerians pay less than 40 per cent of the monthly bills given to them by their various electricity distribution companies, the power firms have said. According to the Discos, a survey of customers’ compliance with settling their...

  • Posted January 5, 2016
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  PENGASSAN opposes IPMAN on sale of refineries

  The Petroleum and Natural Gas Senior Staff Association of Nigeria has opposed the sale of the nation’s refineries as suggested by the Independent Petroleum Marketers Association of Nigeria. The National Public Relations Officer, PENGASSAN, Emmanuel Ojugbana, said...

  • Posted January 5, 2016
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  Pension fund administrators shun foreign shares, money market securities

  National Pension Commission (PenCom) recently released its latest investment summary for October 2015, showing that no  pension money  was invested in foreign shares and money market securities. PenCom, in its investment summary for October, 2015, said no...

  • Posted January 5, 2016
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  Capital adequacy: 24 stockbroking firms fail to make SEC’s final list

  Twenty-four stockbroking firms failed to make the final list of capital market operators (CMOs) that met the new minimum capital requirement stipulated by the  Securities and Exchange Commission (SEC). SEC had in 2013 announced a new minimum...

  • Posted January 5, 2016
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  Oil, gas JVs gulp 86% of export revenue

  The Nigerian National Petroleum Corporation has said 86 per cent of the oil and gas receipt from January to November last year was used to fund joint ventures which it has with other oil firms. The nation’s...

  • Posted January 4, 2016
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  Pension funds to be invested in real estate

  The National Pension Commission is set to allow Pension Fund Administrators to invest the growing pension assets in the housing industry, particularly the real estate, in addition to investing it in infrastructure. As of October 2015, the...

  • Posted January 4, 2016
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  Domestic investors conceded 13.62% of trading to foreign investors in November 2015 – NSE

  As investors in the Nigerian capital market re-strategise in the new year, the Nigerian Stock Exchange has said domestic investors conceded about 13.62 per cent of trading to foreign investors in the month of November last year;...

  • Posted January 4, 2016
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