AIHN: CBN’s interest rate hikes boost fixed-income market demand
President, Association of Issuing Houses of Nigeria (AIHN), Mrs Kemi Awodein, says the Central Bank of Nigeria’s aggressive interest rate hikes helped stabilise investor confidence and channel more funds into…
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NCP moves to regularise sale of power plant to Transcorp
The National Council on Privatisation (NCP), on Thursday approved the request by the Bureau of Public Enterprise (BPE) to follow through on the engagement with Transcorp Power Consortium. This is…
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NCC unveils plans to enhance regulatory frameworks
The Nigerian Communications Commission (NCC), on Tuesday, unveiled the process and plans to enhance regulatory frameworks to promote an efficient, accessible and competitive communications industry. The Executive Vice-Chairman (EVC) of…
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Fuel import tariff ‘ll strengthen Naira, spur investment — NECA
The Nigeria Employers’ Consultative Association (NECA) has expressed support for the Federal Government’s 15 per cent import tariff on petrol and diesel. Director-General of NECA, Mr Adewale-Smatt Oyerinde, in a…
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Minister seeks banks’ backing for youth innovation
Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has called on Nigeria’s banking sector to support young innovators. He made the appeal on Saturday in Lagos…
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FirstBank launches Verve flash promo
First Bank of Nigeria Ltd. has launched the Verve Flash Promo to reward customers with free Verve cards. This is confirmed in a statement on Thursday by Olayinka Ijabiyi, Acting…
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CBN denies disbursement of $1.259 to oil sector
The Central Bank of Nigeria (CBN) has noted some misreporting that falsely implies the Bank disbursed US$1.259 billion to major oil sector operators for the importation of refined petroleum products…
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Equities market ends 9-day bullish run
The equities market reversed its nine-day bullish trend on Monday, recording a total loss of N94 billion. The downturn was driven by profit-taking in major stocks such as Deap Capital…
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FCCPC hails court rulings against MultiChoice, Peace Mass Transit
The Federal Competition and Consumer Protection Commission (FCCPC), has hailed the recent court ruling that awarded five million naira in damages against MultiChoice Nigeria Limited. A notice by Mr Ondaje…
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Naira slips to N1,475.35 against dollar at official market
The Naira depreciated on Friday, trading at N1,475.35 to the Dollar at the official foreign exchange market, according to figures released by the Central Bank of Nigeria (CBN). The decline…
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