All posts tagged "headline"

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  Rising inflation: NECA predicts capital outflow

  The Nigerian Employers Consultative Association has predicted a capital outflow and a loss of the country’s competitiveness if the inflation rate continues to rise in the coming months. It explained that import penetration into the Nigerian market...

  • Posted April 2, 2015
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  Workers’ compensation gulped PHCN sales proceeds — BPE

  All the money realised by the Federal Government from the sale of the 17 successor companies of the Power Holding Company of Nigeria was expended on the entitlements of the workers of the defunct monopoly, the Bureau...

  • Posted April 2, 2015
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  Jaiz Bank gets certification on e-banking reliability

  Jaiz Bank Plc has been awarded with the ISO 27001 certification for the effective management of its information security as well as the safety and reliability of it electronic banking channels. With the receipt of the certification,...

  • Posted April 2, 2015
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  Budget deficit: FG to boost non-oil tax collection

  The federal government will have more plans to boost the nation’s non-oil tax revenue when it responds to the national assembly’s recent harmonised 2015 budget proposals, experts in the Nigerian financial sector have said. The federal government...

  • Posted April 2, 2015
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  Fitch retains BB- Rating for Nigeria with negative outlook

  Fitch Ratings has reaffirmed Nigeria’s long-term foreign and local currency credit rating at BB- and BB respectively, but however revised the country’s outlook from stable to negative. It attributed the revision to what it described as political...

  • Posted April 1, 2015
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  Skye Bank to raise $250million in share sale

  Skye Bank Plc, the Nigerian lender that sold bonds last week, said it plans to raise as much as N50 billion ($250 million) by selling stock this year as it seeks to boost liquidity and fund operations....

  • Posted April 1, 2015
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  Equities rise despite election fever

  Equities listed on the Nigerian Stock Exchange recorded significant gains on Monday amid anxiety over the outcome of the presidential and National Assembly elections. At the close of trading, the market capitalisation of the listed equities rose...

  • Posted April 1, 2015
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  FG expects massive cuts in MSMEs expenditure on electricity

  The federal government has said that it expects to see Micro, Small and Medium Enterprises (MSMEs) across the country spend less of their income on electricity as it begins to commission for operation power plants constructed under...

  • Posted April 1, 2015
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  Why NERC excluded residential consumers from 50% tariff reduction

  The Nigerian Electricity Regulatory Commission (NERC) has given concrete reasons why it excluded electricity consumers on the Residential 1 and 2 (R1 and 2) tariff cadre from enjoying the average 50 per cent slash in electricity tariff...

  • Posted April 1, 2015
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  Total completes $1bn Nigerian asset sale

  French oil major, Total, has completed the divestment of its stakes in three onshore Nigerian oil blocks, with sale proceeds amounting to over $1bn. The divested assets are Oil Mining Leases 18, 24 and 29, the company...

  • Posted April 1, 2015
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