Clik here to view.
Nigeria to experience drop in FDI in 2014 – expert
Dr Doyin Salami, an economist with the Lagos Business School (LBS), on Thursday said that the quantitative tapering in the U.S. would cause a drop Nigeria’s foreign investment inflow in 2014. Salami...
View ArticleClik here to view.
NSE records marginal growth, indices appreciate by 0.06%
Transactions on the Nigerian Stock Exchange recorded marginal growth on Thursday with the market indices appreciating by 0.06 per cent. The News Agency of Nigeria (NAN) reports that the All-Share Index...
View ArticleClik here to view.
N32.8bn Pension Scam: Change in counsel stalls hearing of case
CROSS SECTION OF PERSONS ALLEGEDLY INVOLVED IN MISAPPROPRIATION OF NIGERIA POLICEPENSION FUND BEING ARRAIGNED IN COURT BY EFCC IN ABUJA A change in counsel in the trial of seven officials of the Police...
View ArticleClik here to view.
2014 Budget: House suspends consideration of revenue framework
In anticipation of the responses to the 50 questions on the state of the economy expected from the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, the House of...
View ArticleClik here to view.
Price of goods drop by 50 per cent at Kaduna trade fair
Some traders at the ongoing 35th Kaduna International Trade Fair said high patronage had forced down price of goods by 50 per cent, the News Agency of Nigeria (NAN) reports. They told NAN in Kaduna on...
View ArticleClik here to view.
NNPC decries campaign of calumny to tarnish its imagine
The NNPC has decried what it termed as an orchestrated campaign of calumny to tarnish its reputation by some unscrupulous elements. This is contained in a statement issued in Abuja on Thursday by Dr...
View ArticleClik here to view.
Brent oil slips below $109 as severe winter eases
Brent oil slipped below 109 dollars a barrel on Friday due to expectations that demand growth will slow as severe winter weather eases, although supply worries curbed losses for now. The combination...
View ArticleClik here to view.
South Africa’s credit growth quickens to 8.16% in January
South Africa President, Jacob Zuma Growth in credit demand from South Africa’s private sector quickened to 8.16 per cent year-on-year in January from 6.14 per cent in December, Reserve Bank data showed...
View ArticleClik here to view.
Access Bank is into oil and gas financing – Aig-Imoukhuede
Mr Aigboje Aig-Imoukhuede, a former Managing Director of Access Bank, has expressed happiness with the bank’s current investments in the oil and gas sector. Aig-Imoukhuede made this known as a guest...
View ArticleClik here to view.
Norway’s $840bln oil fund buys U.S., UK debt and African stocks
Norway’s 840 billion dollars sovereign wealth fund sharply increased its exposure to government debt in the fourth quarter and also raised its African equity holdings, it said on Friday. The fund,...
View ArticleClik here to view.
BPP saves N95.79 bn for FG
DG BPP,Engr. Emeka Ezeh The Bureau of Public Procurement (BPP) said it saved N95.79 billion for the Federal Government in 2013 through its project review process. The bureau disclosed this in a...
View ArticleClik here to view.
Global markets – Asian shares gain in volatile trade, yen ascends
Asian stocks rose after a volatile session on Friday as investors weighed unrest in Ukraine against Federal Reserve Chairwoman Janet Yellen expressing confidence in the strength of the U.S. economy....
View ArticleClik here to view.
Money laundering: CBN revokes licence of 101 BDCs
The Central Bank of Nigeria (CBN) has revoked the licence of 101 Bureaux De Change (BDC) companies for their involvement in money laundering and other financial infractions. The CBN, in a circular...
View ArticleClik here to view.
Cooking gas more efficient for home use than kerosene
Availability and Affordability of kerosene and its numerous woes seem to be the topic of 8 in 10 discussions in recent times. A statement of fact is that in an ideal situation, Kerosene should be cheap...
View ArticleClik here to view.
Marketers await arrival of fuel cargoes next week to end scarcity
• Sell petrol above official prices as situation worsens Some independent marketers of Premium Motor Spirit (PMS), otherwise called petrol, are selling the products above the official pump price and...
View ArticleClik here to view.
Fuel scarcity: filing stations in Lagos sell at N100 per litre
Some oil marketers in Lagos are now selling petrol at N100 per litre, the News Agency of Nigeria (NAN) reports. A correspondent of NAN, who monitored the situation, observed that many filling stations...
View ArticleClik here to view.
New auto policy to get legislative protection – automotive council
FROM LEFT: THE DIRECTOR-GENERAL, NATIONAL AUTOMOTIVE COUNCIL, MR AMINU JALAL; DIRECTOR, ABUJA ENVIRONMENTAL PROTECTION BOARD, MALAM ISA SHUAIBU,AND PRESIDENT, KAIHO SANGYO NIG LTD, MR KONDO NORIHIKO AT...
View ArticleClik here to view.
NSE market indicators rise despite drop in turnover
Weekly equity transactions on the Nigerian Stock Exchange (NSE) opened for the week on Monday with the market indices growing marginally by 0.01 per cent. The News Agency of Nigeria (NAN) reports that...
View ArticleClik here to view.
Fuel scarcity: Petrol now N250 per litre in Yola
As the seeming nationwide fuel scarcity eases, a litre of petrol is still being sold at about N250 in Yola, the News Agency of Nigeria (NAN) reports. A check conducted by NAN in Yola and its environs...
View ArticleClik here to view.
FCMB, 13 other lenders pool $1bn to finance 450MW Azura-Edo IPP
About 14 different global financial lenders including Nigeria’s First City Monument Bank (FCMB) have collectively pulled about $1 billion to finance the 450 megawatts (MW) Azura-Edo Independent Power...
View Article