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Aso Savings and Loans Plc, a mortgage finance bank, has recorded a total of 40,000 mortgages in the country, about N32 billionsince inception. The amount the bank said, accounted for about 67 per cent of the mortgages in the country. Managing Dir...
Not very many people can boast of knowing what this year holds in stock, or understand the likely pains that lie ahead. The only pain, as far as they can see on the horizon, is that of the increase in petrol price or ...
The Central Bank of Nigeria left major monetary indicators unchanged at the end of the maiden policy committee meeting for 2012. Stanley Oronsaye looks at the reasons adduced by major decision makers in taking this stance. That the Monetary Policy Comm...
The nation’s bond market has enjoyed intense patronage over the last two years due to its relative safety, while offering good returns in the face of downturn in the stock market. Stanley Oronsaye, looks at the trend and foresees that inves...
Activities on the floor of the Nigerian Stock Exchange at the end of last week closed in the red zone as the NSE All-Share Index depreciated by 15.02 points or 0.1 per cent to close at 20,877.64 while the market capitalisa...
Before the financial meltdown in 2008, the Nigerian stock market was an investors’ haven. It was a classic bull market and was rated one of the best among the emerging markets by notable rating agencies such as Standard & Poor’s and the...
The African Development Bank (AfDB), says the bank has not disbursed the N111 billion (700 million dollars) loan meant to support Small and Medium Enterprises (SMEs) in the country. The AfDB approved the loan in 2009 and it was supposed to be disbursed...
Perhaps the biggest challenge facing the even development of Nigerian tourism is the ambivalent disposition of state and local governments to the sector. Not even the fact that with a few millions of naira ecotourism potentials in most, if not all the ...
The Senate and House of Representatives Committees on Petroleum Upstream, Downstream and Gas Development yesterday queried the N30b recurrent expenditures of the parastatals under the Ministry of Petroleum Resources. Of particular concern to the lawmak...
The naira strengthened against the United States Dollar on the interbank market yesterday after the Nigerian National Petroleum Corporation (NNPC) sold about $150 million to some lenders, boosting dollar liquidity in the market. The result was that the...
The Central Bankof Nigeria plans to auction treasury bills worth N149.27 billion ($926.42 million) at its regular debt auction next week, the central bank said on Thursday. The regulator said it would sell N49.27 billion in a 91-day paper , N50 billion...
Intrigues and counter accusation among the Independent Petroleum Marketers Association of Nigeria (IPMAN) are causing a mild rift between Western Zone of IPMAN and its national body. While the national chairman told the House of Representatives that it...
Cotecna Destination Inspection Nigeria Limited (CDIL) said it had trained 54 more Customs officers on valuation, classification and scanner management. The company’s country managing director, Alhaji Tayo Rabiu, told journalists in Lagos that the...
The Apapa Area 1 Command of the Nigeria Custom Service has issued a two-week deadline to importers and their clearing agents who are yet to register for the Taxpayers Identification Number (TIN) which is an inter-connectivity project introduced for the...
Minister of Labour and Productivity, Chief Emeka Wogu, has said that the Ministry’s 2012 budget is tailored towards achieving Federal Government’s Transformation Agenda, especially in the area of employment generation and industrial peace a...