All posts tagged "headline"

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  FirstRand eyes Keystone and Mainstreet banks

  South African financial services company, FirstRand Ltd., is ready to buy Keystone and Mainstreet Banks, two of the three Nigerian nationalised banks, as it seeks to establish a consumer-banking presence in Nigeria. Bank PHB, Afribank and Spring...

  • Posted November 14, 2013
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  Pension fund not idle, 60% invested in bond – PenOp

  Against the prevailing notion that the new pension fund being regulated by the National Pension Commission, PenCom, is lying idle, the Pension Fund Operators of Nigeria, PenOp, has decried  that the fund is not in any way...

  • Posted November 14, 2013
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  Drop in telecom firms’ revenues envisaged in 2013

  A sharp drop is expected in the revenue target of the telecommunications industry in 2013, an investigation has shown. This will be propelled by the earlier declaration of a state of emergency in Adamawa, Borno and Yobe...

  • Posted November 14, 2013
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  Domestic transactions in equities rise to N775bn

  The total value of domestic transactions carried out by investors on the Nigerian Stock Exchange between January and September 30, 2013 stood at N775.77bn. The transactions for the first nine months of 2013 are already 52.53 per...

  • Posted November 14, 2013
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  Nigeria food imports reducing ­— FG

  The quantity of food imported into Nigeria has continued to drop on a yearly basis, the Federal Government has said. It said efforts by indigenous farmers were yielding meaningful results as most foods consumed in the country...

  • Posted November 14, 2013
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  N3.2trn entered Nigeria as Foreign Direct Investment since 2010 – Okonjo-Iweala

  The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Monday, revealed that over $20bn (N3.2tn) Foreign Direct Investment entered the Nigerian economy in the last three years. Okonjo-Iweala, who was addressing journalists...

  • Posted November 13, 2013
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• First Bank acquires ICB’s assets in West Africa

  First Bank of Nigeria Holding (FBN) said its subsidiary, First Bank of Nigeria Limited (First Bank), has completed a deal to acquire a 100 per cent of the West African operations of Switzerland’s International Commercial Bank Financial...

  • Posted November 13, 2013
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  FG targets N32bn from private jet owners

  The Federal Government will rake in about N32bn annually as luxury tax from owners and operators of private jets in Nigeria. This is if the attempts by the government through the Nigerian Civil Aviation Authority to impose...

  • Posted November 13, 2013
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  $50m JICA loan will be judiciously spent – Tambuwal

  The Speaker of the House of Representatives, Mr. Aminu Tambuwal, on Monday said that Nigeria would not misuse the $50m loan the Japan International Cooperation Agency had offered the country to fight polio. Tambuwal spoke in Abuja...

  • Posted November 13, 2013
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  Nigeria’s debt rises to N8.32tn

  The nation’s total debt now stands at N8.32tn ($53.42bn), the Debt Management Office has said. The latest statistics released by the DMO on its website on Monday showed that as of September 30, 2013, the total debt...

  • Posted November 13, 2013
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