All posts tagged "headline"

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  Nigeria to sell N80bn bonds

  Nigeria will sell N80 billion worth of bonds denominated in the local currency at an auction on January 20, her first debt auction of the year, the Debt Management Office (DMO) said on Monday.. The debt office...

  • Posted January 13, 2016
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  Stock Market sheds N233billion on continuing bear run

  The Nigerian stock market shed N233 billion  on Monday as the bears continued dominate trading, depressing  the market capitalisation to N9.1 trillion, while the Nigerian Stock Exchange (NSE) All-Share Index declined by 2.5 per cent to close...

  • Posted January 13, 2016
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  CBN lifts ban on dollar deposits, stops forex sales to BDCs

  After months of mounting pressure from economic analysts, small businesses, manufacturing concerns, the International Monetary Fund (IMF), and politicians such as Senate President Bukola Saraki, the Central Bank of Nigeria (CBN) monday relaxed some of its foreign...

  • Posted January 13, 2016
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  CBN pledges to provide Dangote Refinery with forex

  The Central Bank of Nigeria (CBN) has pledged to meet the foreign exchange requirements for the importation of equipment to the Dangote refinery, petrochemical and fertilizer plant, which is being constructed by the Dangote Group at the...

  • Posted January 12, 2016
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  Q1 allocations: NNPC earned it from marketers’ past failures – PPPRA

  The Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA), Mr. Farouk Ahmed, at the weekend explained why the agency decided to allocate 78 per cent of the total volume of 3.1 million metric tons of...

  • Posted January 12, 2016
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  NLC tackles IMF chief over subsidy removal, naira devaluation

  Following the visit of the International Monetary Fund (IMF) Managing Director, Christine Lagarde, to Nigeria last week, the Nigerian Labour Congress (NLC) yesterday took a swipe at the IMF boss over her recommendations to the Nigerian government...

  • Posted January 12, 2016
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  BUA divests from Flour Mills business in $275m deal

  BUA Group, one of Nigeria’s largest foods and infrastructure conglomerates, has announced the divestment of its flour business to Olam International, a leading agri-business company operating in several countries, in a $275 million deal. Speaking at the...

  • Posted January 12, 2016
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  BGL Group summoned by SEC over fresh N2.9bn complaints by investors

  The Securities and Exchange Commission (SEC) has invited BGL Securities Limited, BGL Assets Management Limited and their sponsored individuals to appear before the SEC Administrative Proceedings Committee (SEC APC) to provide answers to fresh complaints from various...

  • Posted January 12, 2016
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  BPE explains N27bn insurance premium for PHCN workers

  The Bureau of Public Enterprises has said it secured the approval for the payment of N27.18bn as premium for the group life insurance for workers of the defunct Power Holding Company of Nigeria after the firm defaulted...

  • Posted January 12, 2016
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  Inflation to hit three-year high – FDC

  The nation’s inflation rate for December 2015 is expected to nudge further to 9.5 per cent, the highest level since February 2013, analysts at Financial Derivatives Company Limited have said. The inflation rate for November stood at...

  • Posted January 12, 2016
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