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All posts tagged "featured"

  • OPEC, Non-OPEC satisfied with implementation of output cuts

    As crude oil producers seek to reduce oversupply and support prices, the energy ministers of the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC countries yesterday stated that the two groups had made a strong start to...

    • Posted January 24, 2017
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  • Power generation drops to 2,662 megawatts

    The Transmission Company of Nigeria (TCN) has said the nation’s power generation capacity dropped from 3,959 megawatts on January 4 to 2,662 megawatts on January 22. The Nigerian Electricity System Operator (SO) website, a sub agency of...

    • Posted January 24, 2017
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  • External reserves increase by 15% in three months

    The nation’s external reserves have risen by 15 per cent in the past three months, the latest data from the Central Bank of Nigeria have shown. Specifically, the foreign exchange reserves increased by $3.6bn from $23.8bn on...

    • Posted January 24, 2017
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  • Nigerian equities market will grow 3.5% in 2017 – Market analysts

    Despite opening the year with on a negative note, analysts at Meristem Securities Limited (MSL), an investment banking firm, have projected that the Nigerian stock market   will close 2017 positively. The stock market has recorded three consecutive yearly...

    • Posted January 23, 2017
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  • Naira to remain below 500/dollar this week — Experts

    Currency retailers and experts have said the naira will trade slightly below 500 per United States dollar this week despite the commencement of the sale of foreign exchange to Bureau De Change operators by the Central Bank...

    • Posted January 23, 2017
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  • MPC meets today, to discuss inflation, exchange rate

    The Central Bank of Nigeria’s Monetary Policy Committee will hold its first meeting for the year today (Monday) and Tuesday to review developments in the economy and probably set a new direction for growth this year. The...

    • Posted January 23, 2017
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  • CBN’s policies in best interest of Nigerians at this time – Emefiele

    The Governor of Central Bank of Nigeria, Mr Godwin Emefiele, yesterday offered insights into the prevailing economic crisis in the country, explaining that it was caused by the nation’s failure to diversify the base of its economy....

    • Posted January 21, 2017
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  • DMO sells N215bn bonds at yields below inflation

    Nigeria has raised N214.95 billion in local currency bonds at its first auction this year, with the debts sold at yields below galloping inflation, the Debt Management Office said on Thursday. Though yields were higher than at...

    • Posted January 21, 2017
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  • NIBSS backs ban on bitcoins, virtual currencies

    The Managing Director/CEO, Nigeria Interbank Settlement System (NIBSS), Ade Shonubi has backed the recent decision of the Central Bank of Nigeria (CBN) to ban the use of Bitcoins and other virtual currencies in the country. Speaking yesterday...

    • Posted January 21, 2017
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  • NSE capitalisation sheds N11.3bn as bears remain in control

    The Nigerian Stock Exchange (NSE) All-Share Index fell by 0.13 per cent to close lower at 26,245.34 yesterday as the bears extended their control on the market. The equities remained under sell pressure towards consumer goods and...

    • Posted January 20, 2017
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