All posts tagged "headline"
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PenCom canvasses investment of pension funds in Africa
The National Pension Commission has said it will continue to promote the investment of pension funds within the African continent in line with the vision of the African Union’s economic development plan tagged ‘Agenda 2063’. A statement...
- Posted August 4, 2015
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Islamic bank to begin operation in South West
The South-West zonal committee for the operation of Jaiz Bank Plc said the bank would begin operation in Ibadan and other cities in the South-West towards the end of the year after all documents and other logistics...
- Posted August 4, 2015
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Annual premium flight in insurance industry hits N148.5billion
While stakeholders in the Nigerian insurance industry are celebrating the increase in gross income by 24 per cent to N319 billion ($1.60 billion) from N258 billion in 2013, THISDAY findings have revealed that the annual premium flight...
- Posted August 4, 2015
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CBN defends naira with $4.9bn in three months
The efforts by the Central Bank of Nigeria to stabilise the naira at the interbank market depleted the nation’s external reserves by $4.9bn in the first quarter of 2015. According to the CBN, the reserves fell by...
- Posted August 3, 2015
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Falling naira: Manufacturers cut production by 50%
Some manufacturers have cut production by more than 50 per cent as the sector grapples with the current economic realities of continued drop in naira value and escalating production costs. The President of the Lagos Chamber of...
- Posted August 3, 2015
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Nigerians groan as petrol sells above N110 nationwide
Millions of Nigerians are complaining as petrol sells above N110 and queues by motorists continue to grow across the country. This is against an official price of N87 per litre as the Federal Government subsidises Premium Motor...
- Posted August 2, 2015
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Kaduna Refinery begins production, to hit 2m litres daily by October
The Kaduna Refining and Petrochemicals Company (KRPC), is now refining of about 60,000 barrels of crude per day following the rehabilitation of two of the company’s production lines. The company said it was currently working with a...
- Posted August 2, 2015
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ECOWAS Bank renews president’s tenure
The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) which comprises Finance Ministers from the 15-Member States of the Economic Community of West African States (ECOWAS), has renewed the tenure of the President...
- Posted August 2, 2015
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FG may renew charges on illegal aircraft charter operators
Feelers from the Ministry of Aviation indicate that the charges imposed on illegal private charter operators by outgone Goodluck Jonathan administration may still subsist under the present administration to discourage foreign registered aircraft from operating in the...
- Posted August 1, 2015
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IPMAN wants NNPC to stop sending members’ petrol allocation to Capital Oil
Based on its accusation of fraudulent practices against Capital Oil and Gas, the Independent Petroleum Marketers Association of Nigeria (IPMAN), has asked the Nigerian National Petroleum Corporation (NNPC) to stop sending members’ allocation of petrol to the...
- Posted August 1, 2015