All posts tagged "headline"

• 
  New lifting terms will abolish hawking of crude oil – NNPC

  The Nigerian National Petroleum Corporation (NNPC) has said that the new measures it put in place to select  new off-takers of Nigeria’s crude oil grades will eliminate ‘hawking’ of Nigeria’s crude oil at the international markets. The...

  • Posted November 4, 2015
  • 0
• 
  Oil price crash compels Nigeria, others to revise fiscal terms

  A new report by Wood Mackenzie has stated that the slump in the price of crude oil has accelerated the need for Nigeria and other sub-Saharan African countries to carry out a review of fiscal terms, as...

  • Posted November 4, 2015
  • 0
• 
  Nigerian Breweries raises N17.7billion via Commercial Paper

  Nigerian Breweries Plc has successfully raised N17.7 billion  under its three-year N100 billion Commercial Paper (CP) programme.  The N17.7 billion has a yield of  12.50 per cent per annum. According to the company, the offer, which closed...

  • Posted November 4, 2015
  • 0
• 
  MTN bond yields soar to record as shares fall to 3-year low

  MTN Group Limited’s dollar bonds plunged for a third day, driving yields to record highs, as shares in Africa’s largest mobile phone operator extended a decline to a three-year low amid a lack of clarity over a...

  • Posted November 4, 2015
  • 0
• 
  Chevron, ExxonMobil cut costs, jobs amid plunging revenues

  Chevron Corporation at the weekend joined other international oil companies (IOCs) planning to cut jobs to stay ahead of the plunging revenues caused by the slump in crude oil prices as the company said it would cut...

  • Posted November 4, 2015
  • 0
• 
  No change in Standard Bank’s support for Stanbic IBTC over FRCN sanction – Fitch

  Fitch Ratings believes that the recent alleged irregularities raised by the Financial Reporting Council (FRC) into Stanbic IBTC Holdings Plc’s  financial reporting for 2013 and 2014, have not affected the propensity of its South African majority shareholder...

  • Posted November 4, 2015
  • 0
• 
  Nigerian Mobile Internet users hit 97m mark

  The number of mobile internet users on Nigeria’s telecoms networks has hit 97.21 million up from the 95.37 million recorded in August this year, according to figures released by the Nigerian Communications Commission (NCC). The telecoms regulatory...

  • Posted November 3, 2015
  • 0
• 
  3.5million evading tax in Lagos

  The Lagos State Government on Sunday said about 3.5 million of its residents were currently guilty of tax evasion, which it said, absolutely violated the country’s 1999 Constitution and other extant legal instruments. The government added that...

  • Posted November 3, 2015
  • 0
• 
  NERC targets 2,000MW from renewable energy with new regulation

  The Nigerian Electricity Regulatory Commission (NERC) has approved the application of a new regulation to stimulate investments that would give Nigeria up to 2000 megawatts (MW) of electricity generated from renewable energy sources in the next five...

  • Posted November 3, 2015
  • 0
• 
  CBN lists benefits of IFRS

  The Deputy Governor (Economic Policy), Central Bank of Nigeria (CBN), Dr. Sarah Alade, has highlighted the benefits of adopting the International Financial Reporting Standards (IFRS) to the banking sector as well as the economy. Alade stated this...

  • Posted November 3, 2015
  • 0