All posts tagged "featured"

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  Our activities not influenced by presidency – AMCON

  The Asset Management Corporation of Nigeria (AMCON) wednesday described the news making the rounds that its activities are being influenced by the presidency as false. AMCON contended in a statement wednesday that a letter published by an...

  • Posted August 19, 2016
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  Power: Price of gas rises by 60%

  Following the free fall of the naira against the United States dollar, the cost being incurred for the purchase of gas for power generation has risen by about 60 per cent, our correspondent has learnt. Gas for...

  • Posted August 19, 2016
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  FG orders massive importation of kerosene

  In a bid to check the arbitrary increase in the pump price of kerosene, the Federal Government has placed an order for massive importation of the product, oil marketers have said. According to them, the government has...

  • Posted August 19, 2016
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  Access Bank, Verve promote cashless transaction

  Access Bank Plc has partnered Verve International to promote cashless transactions in the country. The lender said the collaboration was designed to enhance customer education and financial inclusion. The Head, Retail Channels, Access Bank, Uloma Ike, said...

  • Posted August 19, 2016
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  CBN grants Fidelity Bank e-commerce licence

  The Central Bank of Nigeria has granted Fidelity Bank Plc final licence to operate electronic commerce services in Nigeria. In a statement on Thursday, it said the development would enable the lender to empower Micro Small Medium...

  • Posted August 19, 2016
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  FG borrows N110bn via bonds

  The Federal Government on Wednesday at an auction raised N110bn worth of bonds maturing in 2021, 2026 and 2036, the Debt Management Office said According to DMO’s auction result obtained from its website on Wednesday, it sold...

  • Posted August 19, 2016
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  Nigerians received lowest electricity supply in May — Report

  Power generation in Nigeria fell to a record low in May, with households experiencing an average daily cumulative supply at 5.6 hours, a new report by NOIPolls has revealed. The report, which was released on Wednesday, noted...

  • Posted August 19, 2016
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  NEXIM highlights opportunities in non-oil export facilities

  The Nigerian Export Import Bank (NEXIM Bank) has advised exporters to take advantage of the N500billion non-oil Export Stimulation Facility (ESF) as well as the expansion of the export credit Rediscounting and Refinancing Facilities (RRF) to boost...

  • Posted August 18, 2016
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  External reserves down as CBN settles matured obligations

  Nigeria’s external reserves diminished to $25.860 billion as at August 12, 2016, following the settlement of matured obligation by the Central Bank of Nigeria (CBN). The latest external reserves position revealed by the CBN showed that the...

  • Posted August 18, 2016
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  NAICOM bars insurers from selling products through banks

  The National Insurance Commission has barred all underwriting companies from selling their products through the banks and other financial institutions. The Commissioner for Insurance, Mr. Mohammed Kari, said this during the investiture ceremony of the Managing Director,...

  • Posted August 18, 2016
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