All posts tagged "featured"

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  Naira drops to 235 against dollar

  The naira fell further to a new record low of 235 to the dollar at the parallel market on Thursday, as dollar shortages persisted, foreign exchange dealers said. The President, Association of Bureau De Change Operators, Aminu...

  • Posted July 10, 2015
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  Investors see growing risks in naira devaluation delay

  International investors, dismayed by Nigeria’s decision to delay a naira devaluation they see as long overdue, will hold back from its stock and bond markets, raising risks of a deeper crisis in Africa’s biggest economy. The afterglow...

  • Posted July 4, 2015
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  Elumelu calls for more investment in energy projects

  The Chairman, Heirs Holdings, Mr. Tony Elumelu, has restated his commitment to the African Energy Leaders Group as it strives to encourage initiatives that will address energy challenges in Africa. Elumelu, who spoke in Abidjan, Cote d’Ivoire...

  • Posted July 4, 2015
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  Abuja’s power supply dips to 120MW from multiple system failure

  Field reports gathered on Thursday in Abuja disclosed that multiple system collapses of transmission facilities of the Transmission Company of Nigeria (TCN) has cut available electricity supply to the federal capital city to about 120 megawatts (MW)....

  • Posted July 4, 2015
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  Petrol scarcity returns in Lagos

  Activities at the various petrol depots in the Apapa axis of Lagos and other parts of the country were grounded on Thursday following very poor supply of Premium Motor Spirit (petrol) to them. Petrol tankers looking to...

  • Posted July 4, 2015
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  House of the Week: A beautiful 5-bedroom house for sale at Omole Phase 1, Lagos

  Our featured property of the week is a 5 bedroom house for sale at Omole Phase 1, Lagos. This property has 5 bedrooms, 5 bathrooms, 1 dining area and 1 room BQ. Located in one of the...

  • Posted July 3, 2015
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  CBN extends Forex curbs to export proceeds, BDCs

  The Central Bank of Nigeria (CBN) on Wednesday stated that beyond the exclusion of funding for 41 items in the interbank forex market, the items cannot also be funded from proceeds of exports as well as the...

  • Posted July 3, 2015
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  Oil slump: Expert expects further naira devaluation soon

  The United Bank for Africa Plc says it expects a further devaluation of the naira very soon and predicts that the development may make goods imported into the country more expensive. The Executive Director, Treasury and International...

  • Posted July 3, 2015
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  Joda committee recommends merger of airlines

  A 19-member committee of the All Progressives Congress has advised the Federal Government led by President Muhammadu Buhari to merge the country’s debt-laden airlines and create a national carrier in partnership with a global airline to boost...

  • Posted July 3, 2015
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  Egbin power plant now generates 1,000MW

  Nigeria’s largest power generation plant, Egbin Power Plc, is for the first time in eight years generating above 1,000 megawatts of electricity. This follows continuous investment and upgrade activities on the plant by the Sahara Power Group...

  • Posted July 3, 2015
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