Stories BY NSE ANTHONY-UKO, Abuja The Central Bank of Nigeria’s (CBN) aggressive support of the naira in the month of June took its toll on the nation’s foreign reserves which fell from its peak of $37.77 billion as at June 6, 2012 to $36...
For the Nigerian stock market to be taken serious as a global player, it must work by the rules and ensure strict adherence as obtained in other jurisdictions. The various confidence building measures instituted so far by the Nigerian Stock Exchange (N...
Olumide Oyetan, Chief Executive Officer of Stanbic IBTC Asset Management Limited spoke with Blessing Anaro on the challenges and opportunities associated with investing in mutual funds in Nigeria. There are recent moves to raise the limit placed on pen...
Manufacturers Association of Nigeria (MAN) has lauded the leading role being played by Dangote Cement Plc in the implementation of backward integration policy of the government in the cement sector and called for the replication of the policy in other ...
In demonstration of its support for the cash-less policy, the United States Trade and Development Agency (USTDA) has provided a grant of $510,000 for the establishment of a Disaster Recovery Centre (DRC) to fortify and protect e-payment transactions in...
Shoreline and Heritage Oil has agreed to buy a stake in a string of Nigerian oilfield assets, known as OML 30, in a deal which Heritage said yesterday would diversify its portfolio and significantly increase its production capabilities. Heritage and it...
It would seem to be a sure thing for firms offering mobile money transfers: large population, a growing economy and just about everyone has a mobile phone, but as with many things that seem to be a sure bet, particularly in Nigeria, there’s a cat...
The newly appointed Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Engr. Andrew Yakubu, has reiterated his commitment to transparency and accountability in the operations of the Corporation as well as across the value ch...
Due to the recent economic recession, more people have become unemployed adding to the security problems that are plaguing the country. Evelyn Okoruwa writes on how call centres could bridge poverty gap by providing makeshift jobs for the country&rsquo...
The total value of shares traded by investors on the Nigerian Stock Exchange (NSE) dipped by 94 per cent on Thursday as 160.38 million shares worth N1.014 billion were traded in 3,208 deals. This was against 4.5 billion shares valued at N17...
The Central Bank of Nigeria (CBN) said on Wednesday that the cumulative fund disbursed from the Power and Airline Intervention Fund (PAIF) was about N144.6 billion as at Dec. 31. The bank said in a circular posted on its website that the two sectors ex...
Thirty-four ships laden with various food items and 17 others carrying petroleum products have arrived at Lagos ports. Also, 70 others carrying various cargoes, including fish, rice, bulk salt, sugar, old and new vehicles, petroleum products and genera...
The Debt Management Office (DMO) is offering for sale Federal Government bonds worth N83.91 billion, the News Agency of Nigeria (NAN) reports. The DMO, which posted details of the bonds on its Website, said the bids for the bonds opened on Wednes...
The Bureau of Public Enterprises (BPE) says over N200 billion will be realised from the privatisation of the 18 successor companies created from the unbundling of the Power Holding Company of Nigeria (PHCN). The information is contained in a stat...
Minister of State for Finance Yerima Ngama said on Wednesday that the Federal Government had spent N518 billion so far on fuel subsidy out of the N888 billion appropriated in the 2012 budget. The Minister disclosed this to the State House Corresp...