All posts tagged "featured"

• Economy already in recession – TUC tells CBN Governor

  The Trade Union Congress has faulted the position of the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on the state of the nation’s economy. Emefiele had warned that the economy was at risk of...

  • Posted September 29, 2015
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  NSE committed to sustainable, inclusive economy – Onyema

  The Nigerian Stock Exchange has reiterated its commitment to providing a platform for sustainable growth and development in the African economy. The NSE’s Chief Executive Officer, Mr. Oscar Onyema, said this after the Exchange received the ‘Best...

  • Posted September 29, 2015
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  NNPC explores alternative funding to pay $6bn arrears of JV cash calls

  The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Emmanuel Ibe Kachikwu has said the corporation had started to explore alternative funding models to pay the outstanding arrears of its obligations to the joint...

  • Posted September 27, 2015
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  Shell hosts Global Summit, wants experts in Disapora back home

  At the just concluded summit organised by Shell Nigeria Exploration and Production Company of Nigeria Ltd (SNEPCo) in Aberdeen, a call was made to players in the Oil&Gas sector to return back to the country in order...

  • Posted September 27, 2015
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  Fitch affirms Nigeria’s ‘BB-‘ Ratings assigns Nigeria negative outlook

  Fitch Ratings has affirmed Nigeria’s long-term foreign and local currency Issuer Default Rating (IDRs) at ‘BB-‘ and ‘BB’ respectively. However, the global ratings agency stated that its outlook on Nigeria’s long-term IDRs are Negative, as against the...

  • Posted September 27, 2015
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  Nigeria’s oil export hits lowest level in June

  Export of the nation’s crude oil fell by 14.6 per cent in June to 58.62 million barrels, the lowest level so far this year, the latest monthly report from the Nigerian National Petroleum Corporation has shown. In...

  • Posted September 27, 2015
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  Sahara Power restates commitment to improved electricity supply

  Sahara Power Group, comprising Egbin Power Plc, Ikeja Electric and First Independent Power Limited, has restated its commitment to improved generation and supply of electricity in Nigeria. Managing Director Sahara Power Group, Mr. Kola Adesina said the...

  • Posted September 26, 2015
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  Nigerian banks experiencing dollar shortage – Fitch

  Nigerian banks are still experiencing shortage of dollar and other foreign currencies despite the Central Bank of Nigeria’s recent attempt to boost liquidity in the banking system, global rating agency, Fitch Ratings, has said. Specifically, Fitch said...

  • Posted September 26, 2015
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  Extortion: FAAN moves against corrupt airport security officials

  The Federal Airports Authority of Nigeria (FAAN) appears to be resolute in the clampdown on corrupt officials, who extort money from passengers. THISDAY checks revealed that the agency will on Monday issue a circular to all Aviation...

  • Posted September 26, 2015
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  DPR silent on idle marginal fields’ licence revocation

  The planned revocation of the licences of undeveloped marginal fields in the country by the Department of Petroleum Resources appears to have been postponed indefinitely. The revocation date, which was earlier fixed by the DPR for March...

  • Posted September 26, 2015
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