All posts tagged "featured"

• 
  Ghana could be Africa’s number four oil producer by 2020

  Ghana could become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come on stream, to push total output above 240,000 barrels per day (bpd), Ecobank revealed wednesday. The West African...

  • Posted September 23, 2016
  • 0
• 
  Labour kicks as Saraki joins call for sale of oil assets

  The President of the Senate, Bukola Saraki, on Tuesday itemised measures he said the Executive must take to take Nigeria out of recession. The measures include the partial sale of the Nigeria LNG Limited and the reduction...

  • Posted September 22, 2016
  • 0
• 
  Nigeria’s debt rises by N4.17tn in one year

  The country’s debt profile has risen to N16.29tn, the Debt Management Office has said. Statistics obtained from the DMO on Tuesday showed that the country’s total debt liability had risen to N16.29tn as of June 30, 2016....

  • Posted September 22, 2016
  • 0
• 
  Heritage Bank highlights potential in non-oil exports

  Heritage Bank Limited has identified major commodities that can boost Nigeria’s foreign exchange earnings in the non-oil sector for the country. Some of the export potential products as listed by the bank in the agriculture sector are:...

  • Posted September 22, 2016
  • 0
• 
  Guinness Nigeria records N2billion loss, first in 30 years

  For the first time in 30 years, Guinness Nigeria Plc yesterday reported a loss for the year ended June 30, 2016. Details of the audited results filed with the Nigerian Stock Exchange (NSE) showed that turnover fell...

  • Posted September 22, 2016
  • 0
• 
  Standard Chartered Bank to open 10 new branches in Lagos

  Standard Chartered Bank has opened the first of 10 new branches it plans to establish in Lagos state. The first of the proposed branches was opened at the Lagos’ Circle Mall, along Lekki/Epe Expressway. A statement explained...

  • Posted September 22, 2016
  • 0
• 
  Helios Investment to acquire Oando Gas & Power for $115.8m

  Oando Plc has executed a definitive agreement with a vehicle owned by funds advised by Helios Investment Partners LLP, a premier Africa-focused private investment firm, to acquire 49 per cent of the voting rights in Oando’s midstream...

  • Posted September 21, 2016
  • 0
• 
  CBN moves to prevent banks’ exposure on e-Payment solutions

  The Central Bank of Nigeria (CBN) said it has observed the growing exposure of banks on payment solutions service providers’ (PSSPs) platform, due to operational failures. Therefore, in furtherance of its responsibility for effective oversight of the...

  • Posted September 21, 2016
  • 0
• 
  Bank of Ghana holds interest rates

  Ghana’s inflation will fall faster towards government targets than expected, the head of the central bank said on Monday, raising prospects of a cycle of interest rate cuts as it held benchmark borrowing costs at 26.0 percent....

  • Posted September 21, 2016
  • 0
• 
  Manufacturers back Adeosun’s call for interest rate cut

  The Minister of Finance, Mrs. Kemi Adeosun, has called on the Central Bank of Nigeria to lower interest rate so that the government can borrow domestically to boost the economy without increasing debt servicing costs. While reacting...

  • Posted September 21, 2016
  • 0