archiveSeptember 2, 2016

Nigeria's overnight naira interbank lending rate eased to around 16 per cent on Friday, down from about 20 per cent last week on improved naira cash liquidity after the disbursal of July budgetary allocations to government agencies. According to Reuters’ report monitored by Business247 News Online, Nigeria distributes revenues from...

The Director General of the Nigerian Maritime Administration and Safety Agency, (NIMASA) Dr. Dakuku Peterside has stated that ensuring a good security in the maritime industry requires careful planning and stringent implementation. The DG stated this during the closing ceremony of a of a five-day training programme tagged “train the...

Among the 14 members of the Organisation of Petroleum Exporting Countries (OPEC), Nigeria suffered the biggest production decline last month, sliding by 130,000 barrels a day to 1.44 million a day. This is against the reports that OPEC’s crude production climbed to a record high in August as increased output...

As against huge gains of N282 billion on Thursday, investors on the Nigerian Stock Exchange recorded a loss of N226 billion on Friday to close the market transactions for the week. All Share Index (ASI) recorded a loss of 2.33 per cent today to close at 27,756.67 basis points while...

Bayelsa State Governor, Hon. Seriake Dickson on Friday saluted the efforts of the Nigerian Air Force for making strategic investments aimed at improving the welfare and professionalism of its personnel in the state. Governor Dickson gave the commendation at the commissioning ceremony of 8 of its projects embarked upon by...

In line with its strategic focus on youth empowerment and skill acquisition, Lagos State Ministry of Employment and Wealth Creation has announced its partnership with Sterling Bank, Audax Solutions Limited, Microsoft, Etisalat and Andela for the 2016 Lagos Study Program. The 11-week programme, which is billed to train a total...

Financial Derivatives Company (FDC), in its monthly report for the month of August has said that the report by the National Bureau of Statistics (NBS) on Wednesday that the country is now in a recession, has put the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) under...

President Muhammadu Buhari has commended the Chief Executive Officer and Co-founder of social networking website, Facebook, Mark Elliot Zuckerberg for sharing his wealth of knowledge with Nigerian youths, and inspiring them on the path of entrepreneurship. The President who received him in Abuja today said the meetings he held with...

The Federal Government has signed up China Civil Engineering Construction Corp (CCECC) to modernise and build railways in the north and south of the country. Growth in the country has been stunted for decades by a lack of enough investment in roads and railways. According to Reuters’ report monitored by...

For the second time in 48 hours, Peoples Democratic Party (PDP) has come smoking again, attacking President Muhammadu Buhari and his economic team, saying they were incapable of solving the economic crisis facing the country. Earlier, the party had asked Buhari to resign for allegedly “destroying” the economy. The party’s...