Browsing: Business

A dealer, who preferred anonymity, told the News Agency of Nigeria in Lagos that the depreciation might be due to the closure of the Retail Dutch Auction System by the Central Bank of Nigeria

The News Agency of Nigeria reports that the All-Share Index rose by 101.89 points or 0.35 to close at 29,383.93, against 29,282.04 posted on Thursday

The AfDB Board said the selection of the most eligible candidates to succeed President Donald Kaberuka was done by a Steering Committee of the Board of Governors at a meeting held in Abidjan on February 11

Penninck told aviation correspondents on Thursday in Lagos that the installation of the facility was to bring the terminal at par with other international airport terminals around the world

The NNPC’s Group Executive Director of Refining and Petrochemicals, Ian Udoh, stated this in an interview with the News Agency of Nigeria in Abuja

The Financial Services Sector sustained its leading position as the toast of investors with 362.92 million shares worth N3.68 billion traded in 2,785 deals

“Consequently, we wish to inform all authorized dealers and the general public that, with effect from February 17, the RDAS/WDAS foreign exchange window at the CBN is hereby closed

Announcing the constitution of the committee at plenary, Speaker of the House, Aminu Tambuwal, said: “During the closed-door session, we took time to discuss the 2015 budget, MTEF and all the parameters that are related to the budget

With elections due in less than six weeks, the changes let the central bank rein in its defence of the naira, on which it was spending more than $100 million a day, while avoiding the politically unpalatable word “devaluation”

The state’s Commissioner for Energy, Gloria Okologbo, announced this on Tuesdayduring the budget defence meeting with the state House of Assembly Committee on Finance and Appropriation in Asaba

The Minister of Aviation, Osita Chidoka, made this known when the committee on foreign registered, privately owned aircraft operations that was set up following the allegations of unauthorised operations by some operators, presented their reports to him in Abuja

The 2.6 per cent increase in the value of the stocks pushed the day’s transactions’ index to 28,452.60 points, from the 27,728.63 points attained on Monday

She said: “Sixty-six thousand people applied for the scheme; as at date, 23,000 have been pre-qualified and 9,700 have been cleared as being eligible to get it

Igali revealed that most of the power plants in the country have been linked to the gas pipelines and were consciously increasing power generation

According to the report, with the GDP rebasing, Nigeria now has the largest economy in Africa and a great potential for its services and manufacturing sectors

“Given the very significant decline in the resources available to the state government as a result of the low price of crude oil, the government decided to sell its shares in Transcorp Ughelli Power Limited and Midwestern Oil and Gas Company Limited,” he explained

Having been the first institution in Nigeria to achieve the BS25999, global Certification on Business Continuity Management in 2011 and upgrade to the new international certification on Business Continuity Management – ISO22301 in 2013, this recertification has again demonstrated the Bank’s sustained leadership position in the industry and its continued investment in business architecture designed to withstand the full spectrum of downside risks to our operations

According to the statement, only in a country like Nigeria would a security agency indict a department of government of corruption and the government of the day would ignore the report

Pekun Adeyanju, the Assistant General Manager of Public Affairs of the company, gave the assurance in an interview with the News Agency of Nigeria in Lagos

A Federal High Court in Lagos on Monday fixed March 25 to rule on a suit by a firm, Valueline…