Don't Miss


All posts tagged "headline"

  • Dwindling revenue to exert pressure on naira

    Dwindling oil revenue and loose spending associated with the pre-election period are expected to exert more pressure on the naira, a report has stated. The report which corroborated the Central Bank of Nigeria’s (CBN’s) concern, also pointed...

    • Posted November 22, 2013
    • 0
  • SEC restates commitment to protect investors

    The Securities and Exchange Commission (SEC) has restated its determination and commitment to protect investors patronising the Nigerian over-the-counter (OTC) securities market. The OTC market, comprising equities market and fixed income market, has been operating with little...

    • Posted November 22, 2013
    • 0
  • CBN seeks stiffer penalty for dud cheque issuers

    The Central Bank of Nigeria has called for a review of the Dishonoured Cheque Offences Decree of 1977. The law, which was enacted about 37 years ago, stipulates the framework for ensuring strict eradication of dishonoured cheques...

    • Posted November 22, 2013
    • 0
  • Investment in telecoms now $25bn – Jonathan

    Investment in the Nigerian telecommunications in the past 12 years is now worth $25bn, President Goodluck Jonathan has said. Jonathan said this at the Nigerian Investment Forum organised at the Royal Pavilion, Impact Exhibition and Convention Centre,...

    • Posted November 22, 2013
    • 0
  • Nigerian railway moves 1million litres of fuel daily

    The Federal Government has said over one million litres of fuel is being transported daily through the rejuvenated railway system in the country. The government also said that over 30,000 rail passengers were transported in two months...

    • Posted November 22, 2013
    • 0
  • Charter flight operators suspend services indefinitely over $3,000 fee

    Over 20 charter flight operators in the country have suspended their services indefinitely. The suspension was as a result of the $3,000 fee imposed by the Nigerian Airspace Management Agency on airlines involved in non-scheduled operations, it...

    • Posted November 22, 2013
    • 0
  • NSE ASI inches up by 0.78% on Thursday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Thursday with the All Share Index, ASI, closing higher at 39,119.88 basis points appreciating by 304.24 points or 0.78 percent when compared with yesterday’s closing...

    • Posted November 21, 2013
    • 0
  • Foreign investors’ holding in FGN bonds hit $5.1bn

    Foreign investors’ holding in the Federal Government Bonds has continued to grow, hitting $5.112billion as at the end of 2012 following the transformation of the market by the Debt Management Office (DMO). Prior to the establishment of...

    • Posted November 21, 2013
    • 0
  • Sanusi decries lack of fiscal savings amid strong oil prices

    The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, yesterday expressed disappointment over the low rate of reserve accretion in spite of strong oil prices. He blamed the development on the absence of...

    • Posted November 21, 2013
    • 0
  • FG urges Nigerians to patronise locally-made goods

    The 3rd Practical Nigerian Content Forum of the Nigerian Content Development and Monitoring Board commenced on Tuesday in Yenagoa, Bayelsa State, with the Federal Government emphasising the need for Nigerians to patronise locally-made goods. The Minister of...

    • Posted November 21, 2013
    • 0