All posts tagged "featured"

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  Lagos to get oil derivation fund from December

  The Lagos State Governor, Mr. Akinwunmi Ambode, has said that the state expects to get its first derivation fund next month following the first export from the Aje oil field located offshore Lagos. Ambode disclosed this on...

  • Posted November 17, 2016
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  Heritage Bank is not distressed – CBN

  The Central Bank of Nigeria on Tuesday dismissed reports that Heritage Bank was in distress and unable to discharge its obligations to depositors. The apex bank said in a statement issued by its Acting Director, Corporate Communications...

  • Posted November 17, 2016
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  Demand for automobiles drops by 37.5% – NADDC

  The current economic crisis facing the country has led to a decline of 37.5 per cent in demand for new and used automobiles from 400,000 annually to 250,000. The Director-General, National Automotive Design and Development Council, Mr....

  • Posted November 17, 2016
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  EU seeks stronger economic ties with Nigeria

  The European Union says it is committed to ensuring the sustainability of the economic ties between Nigeria and Europe through strategic investment in key sectors, especially the Small and Medium-scale Enterprises. The Head, EU Delegation in Nigeria,...

  • Posted November 16, 2016
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  NDIC slams Okereke-Onyuike over call to merge Commission with AMCON

  The Nigeria Deposit Insurance Corporation (NDIC) monday described as unfortunate, remarks by a former Director General of the Nigerian Stock Exchange (NSE), Dr. Ndidi Okereke-Onyuike, that the commission be merged with the Asset Management Corporation of Nigeria...

  • Posted November 16, 2016
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  NSE market capitalisation falls to N8.9trn on continuing bear run

  Trading at the stock market resumed for the week, sustaining the negative trend. The Nigerian Stock Exchange (NSE) All-Share Index fell by 0.70 per cent to close at 25,986.81, while market capitalisation dipped below N9 trillion to...

  • Posted November 16, 2016
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  Inflation hits 94-month high at 18.3%

  Hopes that the country’s inflation rate would moderate as a result of the various intervention programmes of the government were on Monday dashed as the National Bureau of Statistics on Monday announced that the Consumer Price Index,...

  • Posted November 16, 2016
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  2017 budget: Recovered loot to part-fund N2.69tn deficit

  The Federal Government is proposing to fund part of the 2017 budget deficit of N2.69tn from funds recovered from treasury looters. The proposal is contained in the Medium Term Expenditure Framework/Fiscal Strategy Paper, which was submitted to...

  • Posted November 16, 2016
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  Opportunities in oil sector will be over soon — Osinbajo

  Vice President Yemi Osinbajo on Monday stated that opportunities in the petroleum industry were narrowing and might be over sooner than expected as a result of the increasing breakthroughs in renewable energy use as well as the...

  • Posted November 15, 2016
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  Forte Oil, Honeywell, Cadbury, 19 others lose N64bn

  The Nigerian equities market closed on a  negative note on Monday as Forte Oil Plc, Honeywell Flour Mill Plc, Cadbury Nigeria Plc, Nascon Allied Industries Plc and Oando Plc led a N64bn loss at the close of...

  • Posted November 15, 2016
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