All posts tagged "headline"

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  JP Morgan: FMDQ intervenes in bond market, stocks continue decline

  Bond yields declined on Thursday, reflecting a rise in value as markets continued to react to the plan by JP Morgan to remove Nigerian government bonds from its Government Bond Index-Emerging Markets (GBI-EM) by October ending. The...

  • Posted September 12, 2015
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  Experts predict CBN’s N338bn bailout to States will reflate economy

  There are strong indications that the injection of over N338 billion into the economy by the Central Bank of Nigeria (CBN) in the form of a workers’ assistance scheme for the states, popularly known as bailout, would...

  • Posted September 12, 2015
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  Nigeria, others lose N6.5tn in mobile money transfer

  Nigeria and other African nations have lost $33bn (N6.5tn) in mobile money remittance from international and cross border transfer, the World Bank has said. The bank stated this on Thursday in a report entitled ‘Africa’s Mobile Money’,...

  • Posted September 12, 2015
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  Aviation fuel didn’t cause crashes – Marketers

  Sahara Group has absolved itself and other petroleum product marketers of the accusation that the aviation fuel they supplied to airline operators caused majority of the crashes experienced in the country in recent times. The firm, on...

  • Posted September 12, 2015
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  Rice sellers blame low patronage on smuggling

  The volume of rice entering Nigeria from Cotonou, Republic of Benin, has increased and local dealers are complaining about their inability to compete. According to a dealer who spoke with our correspondent, rice that comes in from...

  • Posted September 12, 2015
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  SON seizes fake phones worth N150m

  The Standards Organisation of Nigeria has impounded over 1000 cartons of phones in Kano and arrested a Chinese woman, owner of the fake phone warehouse, Yi Fang Communication. According to a statement from the organisation, the state’s...

  • Posted September 12, 2015
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  Our revenue will double with RIMS introduction – NPA boss

  The Managing Director of Nigerian Ports Authority (NPA), Habib Abdullahi has said revenue generated revenue is set to double in the months ahead following the introduction of “Integrated Revenue Invoicing Management System (RIMS)” by the Authority. RIMS,...

  • Posted September 12, 2015
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  FG announces plan for new refineries

  The Group Managing Director, Nigerian National Petroleum Corporation, Dr. Emmanuel Ibe- Kachikwu, on Wednesday said the Federal Government would consider establishing new refineries for optimal performance of the oil sector. Kachikwu stated this while speaking to journalists...

  • Posted September 11, 2015
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  JPMorgan: Investors lose N311bn in 24 hours

  Investors in the equities segment of the Nigerian Stock Exchange recorded heavy losses as stocks plunged on Wednesday, a day after JP Morgan said it would remove Nigeria from its government bond index. A sell-off in the...

  • Posted September 11, 2015
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  NNPC opens new oil swap contracts

  The Nigerian National Petroleum Corporation may have set up four new crude oil swap contracts to replace those cancelled last month vital for bringing in about half of the country’s domestic fuel demand, industry sources have said....

  • Posted September 11, 2015
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