All posts tagged "featured"

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  Economy could slip into recession – CBN warns

  The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that the country’s economy could slip into recession by next year if proactive steps were not taken by the Federal Government to revive key...

  • Posted September 24, 2015
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  Illegal flights: British firm pays N11m fine to NCAA

  The Nigerian Civil Aviation Authority has imposed a fine of N11m on a British firm, Gama Aviation, for allegedly flying its Bombardier Global Express plane into and within Nigeria illegally. The affected company has consequently paid N7m...

  • Posted September 24, 2015
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  Oil slump: CBN moves to boost agric lending

  As the fall in global oil prices continues to batter oil-producing economies including Nigeria, the Central Bank of Nigeria has begun moves to encourage banks to advance more loans to stakeholders in the agriculture value chain. As...

  • Posted September 24, 2015
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  Emefiele under fire over currency controls – Report

  The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, is coming under fire from economists and investors as the economy reels from the collapse in oil prices, Financial Times has reported. Emefiele had introduced a range of...

  • Posted September 23, 2015
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  SEC warns Capital Market operators against infractions

  The Securities and Exchange Commission (SEC) has won operators in the nation’s capital market against infraction, saying persons who violate the provisions of the Investment and Securities Act and the Rules and Regulations made pursuant thereto would...

  • Posted September 23, 2015
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  Foreign investors withdraw N410bn from stock market

  The dwindling attraction and returns in the country’s stock market caused foreign portfolio investors to pull out N410.49bn from the equities segment of the Nigerian Stock Exchange between January and August this year. Data obtained from the...

  • Posted September 23, 2015
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  Oil price decline permanent – DMO DG

  The Director-General, Debt Management Office, Dr. Abraham Nwankwo, on Monday said the decline in the prices of crude oil was a permanent phenomenon. Nwankwo said this in a paper entitled: ‘Deploying public debt management operations to enhance...

  • Posted September 23, 2015
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  World Bank appoints new Country Director for Nigeria

  The World Bank monday announced Rachid Benmessaoud as the new Country Director. He is also Coordinating Director for West Africa Regional Integration Programme. Benmessaoud joined the World Bank in 1990 as an Energy Planner in the then...

  • Posted September 23, 2015
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  Power Ministry in talks with CBN, PenCom over funding

  The Permanent Secretary in the Federal Ministry of Power, Ambassador Godknows Igali has said the ministry is currently discussing with the Central Bank of Nigeria (CBN) and the National Pension Commission (PenCom) on the possibility of raising...

  • Posted September 23, 2015
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  Equities Market gains N277billion as investors ignore JP Morgan’s plan

  The Nigerian equities market gained N277 billion in the last two weeks despite the plan by JP Morgan to remove Nigeria from its Government Bond Index (GBI-EM) by the end of the year. Although the threat directly...

  • Posted September 22, 2015
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