All posts tagged "featured"

• 
  Fuel Scarcity Averted as Marketers Suspend Strike

  Oil marketers under the aegis of Depot and Petroleum Products Marketers Association of Nigeria (DAPPMA) have called off their strike due to the steps taken by the Federal Government to settle their greivances. The marketers had embarked on...

  • Posted July 30, 2012
  • 0
• 
  CBN to Postpone Nationwide Deployment of Cashless Policy

  The Central Bank of Nigeria (CBN) has concluded plans to postpone the nationwide deployment of its cashless policy which was originally scheduled to begin on January 1, 2013. Instead the apex financial institution has decided to stagger...

  • Posted July 30, 2012
  • 0
• 
  H1 2012 Earnings: Fidelity Bank Profit Before Tax Hits N 10billion

  Fidelity Bank transmitted its first half earnings to the Nigerian Stock Exchange on Thursday. The following is an excerpt from a press release annoncing the bank’s results: Fidelity Bank Plc announces Profit Before Tax of N10 billion...

  • Posted July 28, 2012
  • 0
• 
  Treasury Bills Yields Rise On Central Bank Action

  Nigeria sold 207.3 billion naira ($1.3 billion) of Treasury bills at an auction yesterday, with yields rising from a previous sale after the central bank said it increased lenders’ reserve limits. The Central Bank of Nigeria sold 34.9 billion naira...

  • Posted July 27, 2012
  • 0
• 
  IMF Wants Sanusi to ‘Hands-off’ Naira

  The last time the International Monetary Fund (IMF) asked the Nigerian Central Bank Governor, Lamido Sanusi, to devalue the Naira, he didn’t listen to them. It’s surprising that they would ask him to liberalize the process again. The IMF...

  • Posted July 27, 2012
  • 2
• 
  FG Settles Marketers Subsidy Arrears

  The Federal Government has initiated steps to commence the settlement of the payment of the subsidy arrears due petroleum marketers involved in fuel importation. The move came after petroleum marketers under the aegis of Depot and Petroleum Product...

  • Posted July 27, 2012
  • 0
• 
  NEITI Alerts Lawmakers on PIB Loopholes That Will Cost Nigeria

  The attention of Nigeria Extractive Industries Transparency Initiative (NEITI) has been drawn to the on-going deliberations on the PIB now before the NASS.   As an agency set up to, among other things, develop a framework for...

  • Posted July 27, 2012
  • 2
• BPE, Manitoba begin talks with protesting TCN staff

  Officials of the Bureau for Public Enterprises, BPE, and the new management contractor of the Transmission Company of Nigeria, TCN, Manitoba Hydro International have sought to thaw the frozen relationship with electricity workers, preparatory to the scheduled...

  • Posted July 27, 2012
  • 0
• 
  Shell To Invest $4 Billion In Two Nigerian Oil And Gas Projects

  Royal Dutch Shell Plc (RDSA), operator of Nigeria’s largest oil fields, agreed to invest about $4 billion with its partners in two oil and gas projects in the country. The Shell Petroleum Development Co. of Nigeria, which...

  • Posted July 27, 2012
  • 0
• 
  H1 2012 Earnings: Stanbic Reports N5 billion Net Income

  LAGOS, NIGERIA – 26 July 2012 – Stanbic IBTC Bank, a member of Standard Bank Group, has announced its unaudited IFRS compliant results for the six months period ended 30 June 2012. Speaking from the Bank’s headquarters...

  • Posted July 26, 2012
  • 0