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All posts tagged "headline"

  • Naira falls on importer dollar demand

    The naira fell by 0.43 per cent against the dollar on the interbank market on Wednesday after importers brought forward their obligations to take advantage of a recent rally in the local currency. According to Reuters, the naira...

    • Posted August 8, 2014
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  • Union Bank targets 40% loan growth in 2014

    Union Bank of Nigeria Plc aims to boost its loan portfolio by 30 per cent in the second half of 2014, after increasing it by 10 per cent in the first six months. The bank is targeting...

    • Posted August 8, 2014
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  • CBN adjusts computation of regulatory capital for banks

    The Central Bank of Nigeria (CBN) has announced the exclusion of non-distributable regulatory reserve and other reserves in the computation of regulatory capital of banks and discount houses. The central bank stated this in a circular with...

    • Posted August 8, 2014
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  • GTBank uses Forte Oil network to grow business

    Guaranty Trust Bank Plc has leveraged the reach of Forte Oil’s network of over 500 stations nationwide to further bring banking services such as account opening, cash deposit and withdrawal via ATMs, customer enquiries, bills payment and...

    • Posted August 8, 2014
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  • Power: Nigeria, others to get $5bn from W’Bank

    The World Bank Group on Wednesday announced the commitment of $5bn (N800bn) in new technical and financial support to energy projects in six African countries. The countries, which have partnered the Power Africa initiative of the United...

    • Posted August 8, 2014
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  • FG approves upgrade of second Niger Bridge

    Vice President Namadi Sambo on Wednesday said the Federal Government had approved the upgrade of work on the second Niger Bridge. According to a statement by Sambo’s spokesman, Umar Sani, the vice president disclosed this while receiving...

    • Posted August 8, 2014
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  • Power supply: FG to utilise renewable energy resources

    Vice President Namadi Sambo on Thursday said the Federal Government would utilise the country’s abundant renewable energy resources to enhance electricity supply across the country.A statement by his spokesman, Umar Sani, quoted the Vice President as speaking...

    • Posted August 8, 2014
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  • AfDB predicts 5.8% growth for Africa in 2014

    The African Development Bank (AfDB) has said growth in the Sub Saharan Africa is projected to reach 5.8 per cent in 2014 while the continent as a whole is expected to grow at between 5 per cent...

    • Posted August 8, 2014
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  • Custodian and Allied explains impressive results

    Custodian and Allied Plc yesterday attributed the impressive results for the half year ended June 30, 2014 to favourable underwriting income from insurance subsidiaries and remarkable efficiency gains group wide. Custodian and Allied Plc, a wholly owned...

    • Posted August 7, 2014
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  • Market rebounds as cement stocks attract high demand

    The Nigerian equities market closed on a positive note yesterday after three days of losses. The market had witnessed a downward trend since last week as investors reacted negatively to half year results of some companies. However,...

    • Posted August 7, 2014
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