The Federal Government has said that part of its specific measurable targets over the next four years would include increasing Nigeria’s competitiveness ranking by 103 positions, from its current 137th position to number 34 in global competitiven...
In a bid to consolidation its position in pension fund administration, Sigma Pensions Limited has concluded plans to acquire two Pension Fund Administrators (PFAs) who are unable to meet the June 30, 2012, recapitalisation deadline. The Company, Shareh...
The naira depreciated against other major foreign currencies at the official, Bureau de Change and black markets on Friday, the News Agency of Nigeria (NAN) reports. NAN reports that the naira had been recording losses in value against the dollar, poun...
The Power Holding Company of Nigeria (PHCN), Uyo Business Unit, Akwa Ibom, has lost facilities worth N20 million to vandals, the News Agency of Nigeria (NAN) reports. Mr Uzoma Mbuku, the Uyo Business Manager of PHCN, said this on Friday in Uyo at a Cus...
Transactions on the Nigerian Stock Exchange (NSE) on Thursday closed on a negative note with market indicators showing further depreciation because of the price losses recorded by some highly capitalised stocks. The News Agency of Nigeria (NAN) reports...
The Nigerian National Petroleum Corporation (NNPC) and the Nigeria Police Force (NPF) have pledged partnership towards combating the menace of pipeline vandalism and security threats to key oil and gas facilities in Nigeria. This resolution was reached...
A federal High Court presided over by Justice Binta Murtala-Nyako, has summoned the Managing Director of the Federal Airport Authority of Nigeria (FAAN), George Uriesi to appear before it next week Wednesday, April 4, 2012 over a ...
In continuance of the tight liquidity management stance, the Central Bank of Nigeria (CBN) plans to issue N917.7 billion of new treasury bills in the Primary Market Auction for the second quarter 2012. The apex bank is also repaying N763.38 billion mat...
Investors' low appetite for stocks on the floor of Nigerian Stock Exchange, yesterday continued to depress equity prices as major capitalised companies suffered price depreciation, resulting to a further slide in market capitalisation by N5 billion...
Nigeria’s naira fell the most in almost a week after crude exporting companies reduced dollar sales and deployed their foreign-exchange reserves to pay for gasoline imports, leaving banks short of the U.S. currency. The currency of Africa’s...
Volume of shares traded on the Nigerian Stock Exchange (NSE) dropped by 37.5 per cent on Wednesday as 253.92 million shares worth N2.42 billion were traded in 4,181 deals. This was in contrast to the 406.29 million shares worth N 3.11 billion exc...
Dr Eugene Juwah, the Executive Vice-Chairman, Nigerian Communications Commission (NCC), on Monday said that contractors were responsible for the delay in the SIM cards data verification exercise. He told the News Agency of Nigeria (NAN) in Lagos that t...
Operators of microfinance banks are making efforts to adopt the International Financial Reporting Standard (IFRS) as ordered by Central Bank of Nigeria (CBN). Mr Olufemi Babajide, the Chairman of Lagos Chapter of National Association of Micro finance B...
As the power outages nationwide continue to worsen, most parts of the city of Lagos last week experienced one of its worst blackouts in recent times. ...
The abundant investment opportunities in Nigeria as well as the statistics to back the fact that Nigeria remains an investors haven and gateway to Africa was the fulcrum of presentations and discussions by the leadership of the Central Bank of Nigeria ...