archiveAugust 2016

The International Energy Agency (IEA) said at the weekend that it had cut its oil demand growth forecast for 2017 because of a weaker outlook for the world economy following Britain's vote to leave the European Union. Global oil demand growth is now expected to slow to 1.2 million barrels...

Pension experts have charged the federal and state governments to prioritise funding of their respective workers' Retirement Savings Accounts (RSAs), saying FG has been unable to remit pension contributions since October 2015, while state governments are defaulting in the payment of their workers pension contributions as well as salaries. The...

A former governor of Kogi State, Captain Idris Wada, has described as criminal, allegation that he has endorsed one Deji Adejayan as his candidate for the National Publicity Secretary of the party in its forthcoming national convention scheduled for Port Harcourt. According to him, Kogi State PDP stakeholders have not...

Your all know the Bible story very well. It is a popular story, more appropriately, a lesson in the Bible which was recorded for our benefits/to learn from. In Genesis Chapter 41, Pharaoh had a dream and sought for interpreters. He got one prisoner, Joseph, who divinely interpreted the dream...

The NSE All-Share Index and Market Capitalization of the Nigerian Stock Exchange (NSE) depreciated by 0.65 per cent to close the week at 27,246.88 and N9.358 trillion respectively. Similarly, all other Indices finished lower during the week, with the exception of the NSE Industrial Goods Index that gained 0.66 per...

The Bayelsa State Government said it would formulate a comprehensive policy that would guide the management of all its tertiary institutions and the government parastatals towards making them less dependent on government funding. To this end, the government is to constitute sub-committees to study and streamline the various policies that...

  …Naira in circulation hits N1.66trn The Central Bank of Nigeria (CBN) loan to banks rose sharply last week by 13 per cent to N207 billion. Business247 online news reveal that lending to banks through the CBN’s Standing Lending Facility (SLF) dropped from N239 billion the previous week to N207...

The Bayelsa State Government says it has concluded plans to commercialize the state-owned palm estate at Elebele to generate N150 million, as a part its drive to diversify the economy of the State as well as boost the internally generated revenue profile. In a joint press briefing by the commissioners...

The Debt Management Office (DMO) is planning to raise N110 billion through the Federal Government (FGN) bonds on Wednesday. The debt office said the weekend that it would sell N40 billion of a bond maturing in 2036, N30 billion maturing in 2026 and N40 billion of debt maturing in 2021,...

Stanbic IBTC Asset Management Limited, a member of Stanbic IBTC Holdings Plc, introduced a Stanbic IBTC Dollar Fund (SIDF) into the Nigeria market, in a bid to provide retail and institutional investors the opportunity to deal with loss of wealth as a result of the sustained pressure on the naira....