All posts tagged "headline"

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  Increase in food prices pushes inflation to 8.7%

  The National Bureau of Statistics on Sunday released the Consumer Price Index report, indicating that the increase in the prices of meat, oils, potatoes, yams and other tuber classes had pushed the inflation rate up by 8.7...

  • Posted August 20, 2013
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  FG commits N70.2bn euro bond to gas infrastructure

  The Federal Government has announced the allocation of N70.2bn ($450m) for the improvement of gas infrastructure across the country. This, it said, was aimed at addressing the gas supply problems, which have led to a sharp reduction...

  • Posted August 20, 2013
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  Lagos State appoints Heritage Bank as revenue collection bank

  Heritage Bank has been appointed as a Lagos State revenue collection bank using the Lagos State Electronic Banking System of Revenue Collection and Monitoring (EBS-RCM) payment platform. This is coming on the heels of similar mandates from...

  • Posted August 19, 2013
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  Ethiopia Airlines begins international flights from Enugu airport

  The Federal Government, weekend, confirmed that Ethiopian Airlines would commence direct flights to and from Akanu Ibiam International Airport, Enugu, from Saturday, August 24, 2013. This would be the first international flights to be operated into the...

  • Posted August 19, 2013
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  NSE bearish trend not sign of crash – CIBN chief

  A former President of the Chartered Institute of Bankers of Nigeria, Mr Okechukwu Unegbu, has urged investors not to panic over the current bearish trend of the Nigerian Stock Exchange. Unegbu said in Lagos that the lull...

  • Posted August 19, 2013
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  CBN moves against dud cheque issuers

  If you are a bank customer and you issued dud cheques at least three times since July 5, then you have something to worry about. The Central Bank of Nigeria (CBN) has directed all banks to compile...

  • Posted August 19, 2013
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• First Bank deploys technology to reduce N60bn unclaimed dividend

  As part of its effort to reducing the growing unclaimed dividend amounting to over N60 billion in the Nigerian capital market , First Registrars Nigeria Limited has unveiled a new technology,  First Dividend Plus Prepaid Card &...

  • Posted August 19, 2013
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  Four Nigerian banks raise N234b from international capital market

  Four Nigerian banks have raised $1.45 billion (N234.102 billion) from the creation of sovereign benchmark in the International Capital Market (ICM), the Debt Management Office (DMO) said on Friday. The DMO Director-General, Dr Abraham Nwankwo, said this...

  • Posted August 18, 2013
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  FG services debts with N136bn in three months

  The Federal Government spent N136.77bn on servicing its domestic and external debts in the first three months of this year. The amount is contained in the Budget Monitoring and Evaluation report prepared by the Budget Office of...

  • Posted August 18, 2013
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  Navy, NSCDC seek stiffer penalty for oil thieves

  The Nigerian Navy and the Nigeria Security and Civil Defence Corps have advocated a stiffer punishment for oil thieves. The nation, which is losing over $7bn (N1.13tn) in revenue annually to oil theft, has continued to battle...

  • Posted August 18, 2013
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