All posts tagged "featured"

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  High exchange rate grounds air cargo business

  The high exchange rate of the naira to other currencies has grounded air cargo business in Nigeria as checks by THISDAY revealed that clearing agents and aviation handling companies last experienced peak in their business at the...

  • Posted October 10, 2015
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  Stable supply responsible for high electricity bills – NERC

  The recent increase in electricity bills by power distribution companies is as a result of the stability in power supply in the past three months, the Nigerian Electricity Regulatory Commission has explained. Power generation in the country...

  • Posted October 10, 2015
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  FG moves to end incessant strikes in aviation sector

  The federal government has said efforts are being made to end recurrent strike action embarked upon by aviation unions. Permanent Secretary in the Federal Ministry of Labour and Productivity, Dr. Clement Illoh, who made the promise, said...

  • Posted October 10, 2015
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  Capital market investors lose N1.3tn under Buhari

  Between May 29, when the President Muhammadu Buhari administration was inaugurated, and Thursday, investors in the equities segment of the Nigerian Stock Exchange lost N1.306tn, a review of the performance of the stock market has shown. According...

  • Posted October 10, 2015
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  Banks charge customers for domiciliary account withdrawals

  Several bank customers are now incurring charges for withdrawing cash from their domiciliary accounts, it has been learnt. This followed the Deposit Money Banks’ decision to develop new revenue sources amid looming decline in profitability occasioned by...

  • Posted October 10, 2015
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  PoS transactions hit N35.84bn in one month

  Nigerians spent a total of N35.84bn on transactions using Point of Sale terminals in the month of August, investigation has shown. The amount was spent in 2.7 million successful transactions that were carried out across the country,...

  • Posted October 10, 2015
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  Mayor of London leads investors to Lagos

  The Mayor of the City of London, Hon. Alan Yarrow, has assured the government and people of Lagos State of the readiness of large number businesses in the United Kingdom to invest in the economy of the...

  • Posted October 9, 2015
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  IMF cuts Nigeria’s GDP growth forecast to 4%

  The International Monetary Fund (IMF) has forecast a four per cent growth rate for Nigeria’s Gross Domestic Product (GDP) in 2015, as the country continues to contend with the challenge of declining income from the drop in...

  • Posted October 9, 2015
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  FG to raise N80bn in 2020, 2024 bonds

  The Federal Government is planning to issue N80bn ($400m) worth of local currency denominated bond with maturities range between five and 10 years on October 14, the Debt Management Office has said. The DMO said on Wednesday...

  • Posted October 9, 2015
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  We are reviewing CBN Forex restrictions – Osinbajo

  The federal government Wednesday announced that it was in the process of reviewing the recent Central Bank of Nigeria (CBN) policy which banned 41 items from sourcing foreign exchange from the interbank forex market. President Muhammadu Buhari,...

  • Posted October 9, 2015
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