All posts tagged "featured"

• 
  Allow states to develop their resources – Ambode urges FG

  The  Lagos State Governor, Mr. Akinwunmi Ambode, has advised the Federal Government to allow state governments to develop the natural resources within their domains in order to create the necessary infrastructure that will attract investors. According to...

  • Posted August 27, 2016
  • 0
• 
  Nigeria loses N11bn daily as oil exports suffer

  As four of the nation’s crude oil grades remain under force majeure and the schedule for two other grades face delay, the country is losing at least N10.7bn in revenue daily. Following the declaration of force majeures...

  • Posted August 27, 2016
  • 0
• 
  Oil prices drop as output hopes dampen

  Oil prices fell Friday as OPEC’s key producers cast doubt on the need to cut output, denting hopes of a deal to tackle a global supply glut. Iranian Oil Minister Bijan Zanganeh on Friday said his country...

  • Posted August 27, 2016
  • 0
• 
  Plateau partners firm to build fertiliser blending plant

  Plateau state government has signed a memorandum of understanding (MoU) with Oil and Chemical International, a member of the Duncan Group of companies, to set up a 40 tonnes fertiliser blending plant in Foron in Barkin Ladi...

  • Posted August 26, 2016
  • 0
• 
  CIBN stresses importance of banks to economic recovery

  The financial services sector is at the heart of the economy and it must lend to the Micro, Small and Medium Enterprises in order to enhance economic recovery, the President/Chairman of Council, Chartered Institute of Bankers of...

  • Posted August 26, 2016
  • 0
• 
  Poor transmission: Power distribution firms forfeit N1bn monthly

  Power distribution companies have said they are currently losing over N1bn every month as a result of limited electricity evacuation capacity of the Transmission Company of Nigeria. According to the Discos, the poor transmission infrastructure in Nigeria...

  • Posted August 26, 2016
  • 0
• 
  Stock market loses N438bn in one year

  The Nigerian stock market (equity category) depreciated by N438bn between August 24, 2015 and August 24 this year. The Nigerian Stock Exchange All-Share Index also slid from 29,214.13 basis points to 27,880.46 basis points within the same...

  • Posted August 26, 2016
  • 0
• 
  CBN to stop dud cheque issuers from operating current account

  The Central Bank of Nigeria is in the process of stopping issuers of dud cheques (returned cheques) from opening current account, the Deputy Director, Banking Supervision, CBN, Mr. Stephen Nwadiuko, has said. He said the CBN was...

  • Posted August 26, 2016
  • 0
• 
  FEC begins 2017 budget preparation, approves MTEF

  The Federal Executive Council on Wednesday approved the Medium Term Expenditure Framework and Fiscal Strategy Paper for 2017 to 2019, thus kick-starting the preparation of the 2017 budget. The approval was given at a meeting of the...

  • Posted August 26, 2016
  • 0
• 
  Nigeria’s oil production to remain down through 2017

  AGAINST the positive picture painted on possible rise in the price of crude oil at the international market above USD50 per barrel, Nigeria may be left out of reaping this fortune as the United States Energy Information...

  • Posted August 25, 2016
  • 0