All posts tagged "headline"

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  NSE: Investors lose N804bn in seven days

  Equity investors in the country’s capital market in the first seven trading days of the year lost N804tn of their investment worth. Market capitalisation after the trading on the floor of the Exchange on Tuesday closed at...

  • Posted January 14, 2016
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  NDIC to cover non-interest banks’ deposit liabilities

  The Nigeria Deposit Insurance Corporation said it had found it necessary to develop a framework for insuring deposit liabilities of non-interest financial institutions in the country. The NDIC, in a statement on Tuesday, noted that the successful...

  • Posted January 14, 2016
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  Customers besiege banks to deposit dollars

  Following the directive by the Central Bank of Nigeria (CBN) lifting the restriction on the payment of foreign currencies into domiciliary accounts, bank customers on Tuesday  besieged banking halls to lodge US dollars in cash, among other...

  • Posted January 14, 2016
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  NNPC to hold first IPO by 2018 – Kachikwu

  The federal government is planning to hold its first initial public offering (IPO) of assets owned by the Nigerian National Petroleum Corporation (NNPC) in 2018, the Minister of State for Petroleum Resources, Mr. Emmanuel Kachikwu, has said....

  • Posted January 14, 2016
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  Banks’ $5bn swap positions to further depress external reserves

  Nigeria’s shrinking external reserves are expected to decline further due to the settlement of large swap positions between the banks and the Central Bank of Nigeria (CBN). According to estimates, the overall swap books of some Nigerian...

  • Posted January 14, 2016
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  FBN Holdings to implement stringent cost controls

  The new Group Managing Director of FBN Holdings Plc, Mr. U.K. Eke, has said his focus will be on driving efficiencies across board by implementing stringent cost controls and ‘retooling and reshaping’ the company’s  risk culture. In...

  • Posted January 14, 2016
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  Government to enforce agreements with power firms

  The Federal Government on Monday commenced moves to enforce all contractual agreements in the Nigerian electricity supply industry on operators in the sector. This is coming as the Minister of Power, Works and Housing, Babatunde Fashola, officially...

  • Posted January 13, 2016
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  BPE DG faulted in NECOM House sale – Ex-director

  The former Director of Post Privatisation Monitoring at the Bureau of Public Enterprises, Mr. Ibrahim Kashim, has alleged that the current director-general of the agency, Mr. Benjamin Dikki, was indicted by a panel for the controversial sale...

  • Posted January 13, 2016
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  FG, states to build 500 mega filling stations

  The Federal Government is partnering states and local governments as well as private investors to build hundreds of petrol stations across the country in a bid to prevent future crisis in the supply of petroleum products across...

  • Posted January 13, 2016
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  SEC puts total value of unclaimed dividends at N90bn

  The Securities and Exchange Commission (SEC) on Monday disclosed that the total value of unclaimed dividends in quoted companies stood at N90 billion as at September 30, 2015. Speaking in Abuja at the commencement of a 3-Day...

  • Posted January 13, 2016
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