Equity transactions on the Nigerian Stock Exchange (NSE) re-opened on a positive note on Monday as investors showed renewed interest in banking stocks. The News Agency of Nigerian (NAN) reports that the high interest the investors showed in bank...
Nigeria's naira currency and the yield on its most liquid 3-year bond both surged on Wednesday, after state-owned energy firm NNPC sold $450 million to some lenders amid a central bank squeeze on liquidity. The naira was up more than 1 percent to a...
The abnormal happened in Abuja last week as people, including government officials and law enforcement agents overlooked the financial crime committed and instead had fanfare rewarding somebody a miserly N30,000 and giving an award. The National Orient...
Former Chairman of the Federal Inland Revenue Service, (FIRS), Mrs. Ifueko Omoigui Okauru, has been appointed to the Board of Diamond Bank Plc, making her the third woman on the bank’s board. Okauru’s appointment which is subject to the app...
Two financial experts on Saturday in Lagos expressed worry over the rise in the inter-bank lending rate. They told the News Agency of Nigeria (NAN) that the increase in the rate from 14.8 per cent to 17 per cent earlier in the week would have an...
Some financial experts on Saturday commended the Central Bank of Nigeria (CBN) for stopping banks from using their funds to finance foreign subsidiaries. The experts said in separate interviews with the News Agency of Nigeria (NAN) that...
A port operator, Mr Jimoh Umar, has urged Alhaji Habib Abdullahi, the new Managing Director of the Nigerian Ports Authority (NPA), to work toward connecting the nation’s ports with rail lines. Umar, the President, Senior Staff Association of Comm...
The National Pension Commission (PENCOM) has issued a 28-day notice to Pension Fund Administrators (PFAs) to meet the new capital base of N1 billion or fold up. This was contained in a press statement released by Mr Emeka Onuorah, PENCOM’s Head o...
Ongoing repair and maintenance of the Noble Percy Jones, a giant oil rig at the Lagos Deep Offshore Logistics base (LADOL) is said to save the country $16.5 million (N2.5 billion) in capital flight, which is the cost of the job and directly create abou...
The Nigerian Airspace Management Agency (NAMA) said the nation’s airspace has witnessed an increase of about 12.8 percent in aircraft movement from January to June this year, while revenue from over-flyers increased by 5 per cent within the same ...
Trade and investment relations between Nigeria and Egypt may have received a major boost, following the signing in Cairo, the Egyptian capital, of a Memorandum of Understanding (MoU) between the two countries. Dr Joseph Odumodu, Director General, Stand...
A statement from the African Economic Outlook (AEO) made available to LEADERSHIP says that Nigeria’s robust economic growth has not generated the much needed employment thereby inc...
The National Pension Commission (PenCom) has revoked the operating licences of Citi Trust Pension Managers Limited and IGI Pension Fund Managers Limited over their inability to meet the new minimum capitalisation of N1 billion required to operate as a ...
The Naira fell against the United States’ dollar on the interbank market yesterday on strong dollar demand, erasing gains made after central bank took measures to strengthen the currency. The naira closed at N160.80 to the dollar on the interbank...
Globacom, has introduced a special promotion which offers subscribers up to 77 per cent reduction in charges for roaming in the United Kingdom. The promotion, called “Summer Olympics Promo”, is targeted at Glo Nigerian prepaid subscribers w...