All posts tagged "headline"

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  Naira battling for stability after heavy loss

  Amid continued efforts by the Central Bank of Nigeria to prop up the value of the weakening naira, the currency strengthened by 1.7 per cent against the United States’ dollar in January as it closed at 187.6...

  • Posted March 17, 2015
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  Heritage, Enterprise Banks to finalise business integration

  Heritage Bank Limited has announced the commencement of the final round of activities towards the integration of its operations with Enterprise Bank Limited into a single entity. The latest round of activities, according to a statement from...

  • Posted March 17, 2015
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  FG shifts payment deadline for 10 NIPPs again

  In an apparent sign that the privatisation of the 10 power stations built under the National Integrated Power Plants (NIPPs) is in jeopardy, the National Council on Privatisation (NCP), through the Niger Delta Power Holding Company (NDPHC),...

  • Posted March 17, 2015
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  Nigeria bonds to rise on election jitters

  The yields on Nigerian bonds are expected to rise this week on uncertainty over a delayed presidential election, while other African countries including Kenyan Treasury bill yields will ease further on increased liquidity. Nigerian bonds yields will...

  • Posted March 17, 2015
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  CBN rules out control of foreign investment

  The Central Bank of Nigeria has said that there are no plans to introduce capital controls despite the current economic challenges facing the nation. According to the CBN Governor, Mr. Godwin Emefiele, capital control is a phrase...

  • Posted March 17, 2015
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  ETPs worth N6.5m traded last week

  The Nigerian Stock Exchange witnessed an increase in the trading of Exchange Traded Products last week, with 366,178 units of ETPs valued at N6.500m traded in 27 deals. This is in contrast to the 223,470 ETP units...

  • Posted March 17, 2015
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  ICAN, CITN sign MoU on taxation training

  The Institute of Chartered Accountants of Nigerian says it has signed a Memorandum of Understanding with the Chartered Institute of Taxation of Nigeria. With the MoU, chartered accountants who are ICAN members can practise taxation without having...

  • Posted March 17, 2015
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  Lafarge Africa declares N3.60 dividend for shareholders

  Lafarge Africa Plc, one of the leading cement and building solutions providers, last Friday recommended a dividend of N3.60 per share for the year ended December 31, 2014. The dividend is six per cent higher than the...

  • Posted March 17, 2015
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  Review of banks risk management capacity inevitable – NDIC

  Managing Director/Chief Executive, Officer Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has said deposit money banks needed to fine-tune their risk management capacity to contain the possible fallout and risks arising from the deterioration of the...

  • Posted March 16, 2015
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  Naira devaluation raises bank’s non-performing loans

  The volume of non-performing loans in the Nigerian banking sector is set to rise further on the back of the devaluation of the naira amid weak global crude oil prices. The nation’s weak currency is currently taking...

  • Posted March 16, 2015
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