President Goodluck in Abuja said that the Information and Communication Technology (ICT) sector had contributed 10.56 per cent to Nigeria’s Gross Domestic…
Category:
Finance
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BusinessEconomyFinanceNewsStock Market
UK Emerging Capital Market Task Force visits Nigeria market operators
In the wake of volatile global market, Nigeria continues to attract significant foreign investors interest, the recent being from United Kingdom who sent…
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The Central Bank of Nigeria, CBN has offset the N36.9 billon legacy debt owed to gas suppliers by the power sector under…
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Nigeria’s foreign exchange reserves fell 3 percent in two weeks to $37.59 billion by Nov. 13, as the central bank stepped up…
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BusinessEconomyFinanceNewsOil and Gas
FG introduces austerity measures, review oil benchmark to $73 per barrel
The Minister of Finance, Dr Ngozi Okonjo-Iweala, says the Federal Government has proposed a review of the oil benchmark from 77.5 dollars…
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BusinessEconomyFinanceNewsStock Market
Foreign investors warehoused N92.54bn profit from NSE in September
Investors’ sell pressure occasioned by national security challenges, decline in international oil prices and political uncertainty impacted negatively on foreign portfolio interest…
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Banks have started resisting the efforts of the regulatory authority to intervene in the interbank foreign exchange market. Investigation reveals that most…
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Continuous default on rules and regulations guiding insurance operation by practitioners have made the National Insurance Commission, NAICOM, to call for a…
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The management of Transnational Corporation of Nigeria has denied any wrong doing in the Initial Public offer of Transcorp Hotels saying that…
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Nigeria’s foreign exchange reserves fell to a 4-month low of $37.9 billion as of Nov. 7, down 3.99 per cent month-on-month after…
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The Federal Government says it looses $10billion (N1.7trillion) annually to fraudulent practices in the award of contracts and project reviews. The Director-General…
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The Pension Fund Operators Association of Nigeria, PenOp, says it is set to launch its Electronic Pension Contribution Collection system, EPCOS, from…
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The Federal Government’s Transformation Agenda for the economy has attracted $59.6 billion foreign direct investments (fdi) into the country from all over…
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Of the 59 insurance companies operating in the country, only about a dozen are complying with laid down rules and regulations that…
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BusinessEconomyFinanceNews
Nigeria’s foreign reserve now $38 b – Okonjo-Iweala …says economy stable, growing, in spite of challenges
Nigeria’s foreign reserve currently stands at $38 billion, the Coordinating Minister for the Economy and Minister for Finance, Dr. Ngozi Okonjo-Iweala, has…