All posts tagged "featured"

• 
  UBA declares 20 kobo interim dividend after marginal growth

  As expected, the challenging operating environment impacted performances of most companies for the half year (H1) ended June 30, 2016. The banks were not left out as some of them recorded lower profits while some ended the...

  • Posted September 8, 2016
  • 0
• 
  GNI settles N700m claims in six months

  Great Nigeria Insurance Plc paid N700m claims between January and June to its customers, the company said in a statement on Tuesday. General business accounted for over 19 per cent of the figure while life insurance business...

  • Posted September 8, 2016
  • 0
• 
  FG to borrow N120bn from local debt market

  The Federal Government is planning to borrow N120bn ($387m) in local-currency denominated bonds at an auction on September 14, the Debt Management Office has said. The DMO said on Tuesday it would raise N40bn each from debt...

  • Posted September 8, 2016
  • 0
• 
  Stock market loses N70bn in one day

  The Nigerian Stock Exchange market capitalisation dropped by N70bn on Tuesday following losses in 29 stocks and gains in 10 stocks. Market capitalisation dropped to N9.447tn from N9.517tn, while the NSE All-Share Index slipped to 27,503.81 basis...

  • Posted September 8, 2016
  • 0
• 
  Nigeria losing one million barrels of oil daily – Osinbajo

  Vice-President Yemi Osinbajo says Nigeria has been losing one million barrels of crude oil daily in the last six months due to the activities of pipeline vandals. Osinbajo, who is the head of President Muhammadu Buhari’s economic...

  • Posted September 8, 2016
  • 0
• 
  Former GMDs want NNPC’s refineries restructured, run as IJVs

  Former Group Managing Directors (GMDs) of the Nigerian National Petroleum Corporation (NNPC) have suggested that the nation’s four refineries located in Kaduna, Warri and Port Harcourt be reorganised and operated as Incorporated Joint Venture (IJV) companies instead...

  • Posted September 7, 2016
  • 0
• 
  NACCIMA hails CBN for licensing new international money transfer operators

  The Nigerian Association of Chambers of Commerce and Industry Mines and Agriculture (NACCIMA) has applauded the Central Bank of Nigeria for licensing 11 additional International Money Transfer Operators (IMTOs) to operate in Nigeria. The trade group described...

  • Posted September 7, 2016
  • 0
• 
  NLNG raises govt revenue by $26bn in five years

  The Nigeria LNG Limited says it has contributed more than $26bn to government revenue in the last five years. The Managing Director of the company, Mr. Tony Attah, disclosed this in Abuja when he met with the...

  • Posted September 7, 2016
  • 0
• 
  Marketers seek N165 petrol price, FG says no

  Petroleum product marketers have demanded an upward review in the pump price of the Premium Motor Spirit (also known as petrol). This, they said, would make importation of the product profitable. They said the free fall of...

  • Posted September 7, 2016
  • 0
• 
  CBN moves to sanction banks over power intervention fund

  The Central Bank of Nigeria has unveiled sanctions grid to Deposit Money Banks participating in the disbursement of the N213bn Nigeria Electricity Market Stabilisation Facility, popularly called power sector intervention fund. The sanctions were contained in a...

  • Posted September 7, 2016
  • 0