All posts tagged "headline"

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  Falling oil prices: No cause for alarm – Oduoza tells investors

  The Group Managing Director/Chief Executive Officer, of the United Bank for Africa Plc (UBA), Mr. Phillips Oduoza has urged investors in Nigeria not to panic over falling crude oil prices and exchange rate volatility, saying the country...

  • Posted January 27, 2015
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  Government keen on economic diversification to mitigate drop in oil price

  Worried by the worsening price of crude oil in the global market, President Goodluck Jonathan, in company of some of his ministers, pledged on Sunday that his administration was committed to diversifying the economy to address the...

  • Posted January 27, 2015
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  Banks get N192.6bn discount from NDIC

  The Nigeria Deposit Insurance Corporation said on Sunday that N192.6bn had been granted as rebate on insurance premium to Deposit Money Banks in the last three years. The corporation, in a statement issued in Abuja, said the...

  • Posted January 27, 2015
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  Firm predicts further naira devaluation after elections

  A research and financial advisory firm, the WSTC, Financial Services Limited has predicted another adjustment in the naira exchange rate band against the dollar after the 2015 elections. The firm stated this in its “2014 Economic Review...

  • Posted January 27, 2015
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  Gas City Project: Jonathan mandates Uduaghan, Presidency to fix new date for ground breaking

  President Goodluck Jonathan has mandated the Delta State Governor, Dr. Emmanuel Uduaghan, relevant authorities in the presidency and the Ministry of Petroleum Resources to fix a new date for the ground breaking ceremony of the $16 billion...

  • Posted January 27, 2015
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  FG may borrow N2tn to finance 2015 budget — Chioke

  The Managing Director, Afrinvest West Africa Limited, a research and investment advisory firm, Mr. Ike Chioke, tellsOYETUNJI ABIOYE how falling oil prices will pose challenges to the Nigerian economy this year How would you analyse the proposed budget for...

  • Posted January 27, 2015
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  Investment in Egbin power plant now N50bn

  A total of N50bn has been injected into Egbin Thermal Power Station since November 2013, when the company was privatised, the Chief Executive Officer, Egbin Power Plc, Mr. Mike Uzoigwe, has said. He said this in Lagos...

  • Posted January 27, 2015
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  AfDB, MasterCard seek inclusive growth in Africa

  The African Development Bank and MasterCard have announced a broad collaboration that aims to expand financial inclusion across the African continent. The collaboration seeks to develop solutions that drive inclusive growth in Africa by broadening access and...

  • Posted January 27, 2015
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  PenCom goes tough on errant PFAs

  PenCom said in a document obtained on Sunday that a review of the compliance reports forwarded by the PFAs to the commission revealed some cases of non-compliance. Some of the defaults, it stated included non-compliance with investment...

  • Posted January 27, 2015
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  BoI signs MoU on SME Financing with Banks

  The Bank of Industry (BoI) has signed a memorandum of understanding (MoU) with Ecobank Nigeria, the United Bank for Africa Plc, Diamond Bank, First City Monument Bank, Fidelity Bank Plc and five other banks in order to...

  • Posted January 27, 2015
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