All posts tagged "headline"

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  FirstBank issues $450million Eurobond

  FirstBank of Nigeria Limited has successful issued a $450 million tier-2 Eurobond, THISDAY learnt at the weekend. The debt instrument with a seven-year tenor has a call option after five years. According to a reliable industry source,...

  • Posted July 22, 2014
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  MPC to hold benchmark rate at 12%

  The Central Bank of Nigeria’s Monetary Policy Committee will leave interest rates unchanged for the 17th time in a row on Tuesday as it tries to balance controlling inflation and supporting the naira with fostering growth, Reuters reported quoting...

  • Posted July 22, 2014
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  Keystone Bank bags PCI-DSS certification

  Keystone Bank Limited has disclosed that it has received a certificate of compliance on the successful completion of the Phillips Consulting assessment on Payment Card Industry Data Security Standards (PCI-DSS). The PCI-DSS is an extensive set of...

  • Posted July 22, 2014
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  Mainstreet Bank sustains profitability

  Mainstreet Bank Limited’s financial results for the year ended December 31, 2013 has revealed that the financial institution continued on the path profitability in the year under review. The results showed that the bank recorded a profit...

  • Posted July 22, 2014
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  Subscribers blame telcos, NCC for sharp practices

  Telecoms subscribers in different parts of the country have expressed disgust at what they call illegal deductions being made by the telecommunications companies for the services being rendered by the firms. Some of the subscribers told our...

  • Posted July 22, 2014
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  Experts propose investment channels for pension funds

  As of the end of May, the Contributory Pension Scheme, which commenced in 2004, had generated funds in excess of N4.3tn, making it the fastest growing funds in the economy. While the law mandates the Pension Funds...

  • Posted July 22, 2014
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  Egbin, Kainji, other power plants suffer hitches

  Power generation in the country has dropped from 3,337 megawatts to 2,932MW within five days following grid instability, according to the latest power system operational report by the Transmission Company of Nigeria. The report made available to...

  • Posted July 22, 2014
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  FG extends deadline for Warri port terminal concession

  The National Council on Privatisation has approved the extension of the closing date for the submission of expressions of interest by prospective investors in the concession of Terminal “B” Warri Old Port. A statement issued by the...

  • Posted July 22, 2014
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  African Capital Alliance invests in gas utilities company

  The African Capital Alliance (ACA), an investment firm, has announced its investment in Gas Train Limited, a gas infrastructure development platform operating in Nigeria. This investment which would ease gas flaring in Nigeria was announced on the...

  • Posted July 22, 2014
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  UBA’s new Salary Advance Credit Card targets workers

  I t was just a few days to pay-day but John was really broke. He has watched his bank account going down by the day since the last pay-day. This month has been particularly stressful for his...

  • Posted July 21, 2014
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