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All posts tagged "headline"

  • NSE targets more Diaspora investors

    The Nigerian Stock Exchange on Tuesday said it had completed arrangements to attract more Nigerians in the Diaspora to the nation’s capital market. In line with the objective, the Exchange said it would on Monday hold an...

    • Posted January 15, 2015
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  • Panel submits report on NITEL’s N300bn debt

    The committee verifying the N300bn debt reportedly incurred by the Nigerian Telecommunications Limited before it became moribund has submitted its interim report to the Bureau of Public Enterprises. Investigation by our correspondent showed that the committee, which...

    • Posted January 15, 2015
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  • Crude oil prices near six-year low at $45 per barrel

    Oil prices on Tuesday dropped to nearly a six-year low with the prices of both Brent and United States crude oil converging briefly at a point as Saudi Arabia and its Gulf allies in the Organisation of...

    • Posted January 15, 2015
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  • Ajaokuta, Delta Steel Company to begin production in 2015 – Official

    The Federal Ministry of Mines and Steel Development on Monday  said the Light Section Mill (LSM) of the Ajaokuta and Delta Steel companies would commence production in 2015. The Director of Steel and Non-Ferrous Metals Department in...

    • Posted January 14, 2015
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  • CBN reviews dealers’ Forex position to 0.1%

    The Central Bank of Nigeria (CBN) on Monday reviewed upward the daily foreign currency trading positions of banks from zero per cent to 0.1 per cent. In addition, banks are now required to utilise funds purchased from...

    • Posted January 14, 2015
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  • CBN should adjust naira value quarterly – Chike-Obi

    The Central Bank of Nigeria needs to adjust the value of the naira every quarter in order to mitigate the effect of inflation that can, among other things, make goods manufactured within the country not competitive. The...

    • Posted January 14, 2015
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  • Equities Market records first gain in 2015

    The Nigerian equities market on Monday recorded its first gain of the year after  shedding  13 per cent last week.  The market had recorded persistent decline in the first trading week of the year, leading to a...

    • Posted January 14, 2015
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  • Increased political spending, others threaten price stability

    The threats from increased political spending and growth in money supply have been identified as some factors that are underlining threats to the consumer price index (CPI) in Nigeria. Other factors that have continued to threaten inflationary...

    • Posted January 14, 2015
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  • Budget: Senate may propose $40 oil benchmark

    Strong indications emerged on Monday that the Senate would propose that the oil benchmark for the 2015 budget be reduced to $40 per barrel in line with the reality of falling crude prices in the international market....

    • Posted January 14, 2015
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  • Gas producers, power firms disagree over supply terms

    Private investors who took over the electricity generation companies unbundled from the Power Holding Company of Nigeria are in disagreement with gas producers over supply terms. The gas producers, it was learnt, had asked the power firms...

    • Posted January 14, 2015
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