All posts tagged "headline"

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  Mass sack imminent, as new owners take over PHCN

  The sack of over 20,000 or 37 per cent of the estimated 54,000 workers of the Power Holding Company of Nigeria (PHCN) became imminent at the weekend, as the Federal Government insisted that it would hand over...

  • Posted August 14, 2013
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  NSE capitalisation drops N193.47b in four days

  Profit taking on the floor of the Nigerian Stock Exchange (NSE), continued for the fourth consecutive trading session on Monday, as both indicators closed downward with equities capitalisation shedding N71.379 billion. Tthe All-Share Index lost 225.37 basis...

  • Posted August 14, 2013
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  Housing deficit: FMBN boss woos FG for N200b capital base

  Managing Director of Federal Mortgage Bank of Nigeria, Gimba Ya’u Kumo, on Monday in Abuja put total disbursement made so far to contributors at N100.5 billion, just as it has delivered 56, 000 houses. He urged the...

  • Posted August 14, 2013
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  Council demands FAAN’s luggage charge review

  The Consumer Protection Council on Monday kicked against the imposition of N2,000 charges on all checked-in luggage of air passengers by the Federal Airports Authority of Nigeria. The council, in a letter signed by its Director-General, Mrs....

  • Posted August 14, 2013
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  Sinking fund: CBN, Bankers Committee agree on 0.5% contribution

  The Central Bank and the Bankers Committee have signed a memorandum of understanding for the contribution of 0.5 per cent of commercial banks earnings to the sinking fund. The sinking fund which is a system by which...

  • Posted August 14, 2013
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  Nigerian insurers lose billions of Naira to oil industry premium flight

  The woes of Nigeria’s domestic insurance industry operators may not go away any time soon, except they pool capacity to underwrite big ticket risks and put an end to the issue of premium flight in the oil...

  • Posted August 14, 2013
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  Power supply to Lagos drops by 67%

  Power supply from the national grid to Lagos has dropped by 67 per cent. The drop on Sunday followed a drastic reduction in power generation from 3,367.20MW on Friday to 2,628MW on Saturday. Some officials of the...

  • Posted August 13, 2013
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  CBN to inaugurate N200bn MSME fund Thursday

  The Central Bank of Nigeria has said a N200bn Micro Small and Medium Enterprise Fund will be inaugurated on Thursday. The fund, which targets women entrepreneurs for 60 per cent intervention, has credit, insurance, capacity building and...

  • Posted August 13, 2013
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  Investors pick holes in companies’ half-year reports

  Joseph Okpoye: The half year reports of companies quoted on the Nigerian Stock Exchange, (NSE) is nothing to celebrate about as the recovery recorded in the stock market in the last six months cannot be 100 percent...

  • Posted August 13, 2013
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  Nigeria earns N3.81trn from oil in 6 months

  Oil revenue accounted for 86.67 per cent of gross federally-collected revenue from January to June 2013, as the Federal Government earned a total of N3.809 trillion from oil within the period. The amount represents 76.3 per cent...

  • Posted August 13, 2013
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