All posts tagged "headline"

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  FG, Banks eye N5tn pension fund as National Assembly promises speedy legislation

  The federal government and commercial banks are targeting the whopping N5 trillion pension fund being managed by pension administrators as a means of revitalising the dwindling economy. This hint was dropped monday at the opening session of...

  • Posted June 8, 2016
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  Stumbling dollar, Nigeria’s militancy push oil prices above $50

  Stumbling dollar and attacks on Nigeria’s oil and gas facilities by the Niger Delta Avengers (NDA), which also tightened crude oil supplies to the international market, pushed up Brent crude oil prices yesterday above $50 per barrel,...

  • Posted June 8, 2016
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  NSE cautions against relegation of engineers in NNPC’s restructuring

  The Nigerian Society of Engineers (NSE) has said it would not take lightly any case of relegating to the background, standard engineering practices and norms, which result to competent results in the federal government’s ongoing restructuring of...

  • Posted June 8, 2016
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  Adeosun meets bond investors in London

  Indications have emerged that Nigeria may issue another Eurobond any time soon as a Federal Government delegation led by the Minister of Finance, Mrs. Kemi Adeosun, meets bond investors in London on Tuesday. The Federal Government has...

  • Posted June 8, 2016
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  Forex policy uncertainty pushes naira to 357/dollar

  The naira dropped against the United States dollar at the parallel market from 355 on Friday to 357 on Monday, foreign exchange traders said. Analysts and traders linked the drop to the mounting fears among traders and...

  • Posted June 8, 2016
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  NLNG denies link with $3.1bn fund recovery

  The Nigerian LNG Limited has said none of its accounts is being investigated by the Economic and Financial Crimes Commission or any other anti-graft agency. The NLNG said this on Monday in a statement signed by its...

  • Posted June 8, 2016
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  IATA: Member airlines to earn $39.4bn in 2016

  The outgoing Director General and CEO of the International Air Transport Association (IATA), Tony Tyler has announced that member airlines would earn about $39.4 billion this year. Speaking at the opening of the 72nd IATA Annual General...

  • Posted June 7, 2016
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  Equities Market loses N2tn to policy inconsistency, delays

  Policy flip-flops   by the government, dwindling poor corporate results by quoted companies and general downturn in the economy have led to a fall of N2 trillion in the value of the Nigerian equities market within the last...

  • Posted June 7, 2016
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  CBN sells $2.188bn to banks in three months

  As the Central Bank of Nigeria (CBN) continues with its demand management policy in foreign exchange (forex) allocation to financial institutions, the returns on foreign exchange utilisation have shown that it sold a total of $2,177,999,996 to...

  • Posted June 7, 2016
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  Another 140,000 bpd shut in as Agip, AITEO close operations in Bayelsa

  Nigeria’s crude oil production capacity has again dropped by 140,000 barrels per day (bpd) from the renewed activities of the Niger Delta Avengers (NDA), a new militant group in the country’s Delta region. The News Agency of...

  • Posted June 7, 2016
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