archiveJuly 2016

The Nigerian Stock Exchange (NSE) has entered into a contract to provide Dangote Cement Plc its Issuers Share Price Information service. The Issuers Share Price Information is an offering that enables companies listed on the NSE to display their respective share price on the homepage of their corporate website in...

The Managing Director of the Nigerian Ports Authority (NPA), Ms Hadiza Bala Usman, has demanded for world-class service from operators in the maritime sector. She disclosed this in Lagos yesterday in her maiden meeting with operators in the sector. Operators in the Nigerian Ports include shipping companies, terminal operators, service...

Sterling Bank Plc has ended talks to buy Keystone Bank Limited after finding it an unsuitable fit and is now focused on raising funds as it considers other acquisitions, its Chief Finance Officer, Abubakar Suleiman, said on Tuesday according to Reuter’s report. “We reviewed Keystone Bank and concluded the strategic...

Ecobank Transnational Incorporated (ETI), its Nigerian subsidiary Ecobank Nigeria and the Bank of Industry (BoI) have signed a memorandum of understanding to cooperate in deepening financial services delivery to micro, small and medium enterprises in Nigeria. A statement from the bank explained that the partnership has the potential of bringing...

The Nigerian Content Development Monitoring Board (NCDMB) and the Bank of Industry (Bol) on Tuesday sealed a $100 million Nigerian Content Intervention Fund (NCI Fund) which is expected to bring Nigeria’s oil and gas industry into a new phase of development. The NCI Fund is a pool made available by...

  The Acting Director-General of Bureau of Public Enterprises (BPE), Dr. Vincent Akpotaire has called for the separation of the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources (DPR). According to him, the oil and gas industry is not efficient and effective because PDR which is the...

The NSE All Share Index (ASI) lost 245.34 points to close at 28,488.56 points compared to 71.55 points lost on Monday to close at 28,733.90 points, as its year-to-date returns closed at -0.54 per cent loss even as Market Capitalisation also dropped by N84.3 billion to close at N9.784 trillion...

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Tuesday declared that the strategic health of the country’s financial system was still strong. He also painted a gloomy picture of the sharp decline in the price of oil and commodity prices to the country’s economy. Emefiele spoke...

The International Monetary Fund (IMF) has said that it expects Nigeria’s economy to contract by 1.8 per cent this year as against its forecast in April that it would record an expansion of 2.3 per cent adding that a combination of factors such as plunging oil revenues and weakened investor...

Violating telcos risk N10m fine The Executive Vice Chairman of the Nigerian Communications Commission, (NCC) Prof. Umar Garba Danbatta has stated that from tomorrow, 20th July, telecommunications service providers must activate a “Do Not Disturb facility” for subscribers who do not want to receive unsolicited text messages, stressing that telecom...