Business

The inflation rate, measured by the Consumer Price Index (CPI), has further dropped to 15.13 per cent in January from 15.37 per cent recorded in December, 2017, National Bureau of Statistics, NBS has said. The NBS disclosed this in its CPI report for January 2018 released on Wednesday in Abuja. The Consumer Price Index (CPI), which measures inflation, started the …

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Central Bank of Nigeria (CBN) has said that it needs  more powers to be able to revoke the licences of erring banks and also to inject funds into any ailing bank. CBN Governor, Godwin Emefelie, stated this yesterday in Abuja at the commencement of a public hearing organised by the House of Representatives Committee on Banking and Currency on a bill …

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The International Organization of Securities Commissions (IOSCO) on Tuesday issued a consultation report proposing policy measures for its members to consider when addressing the risks arising from the offer and sale of OTC leveraged products to retail clients. The Report on Retail OTC Leveraged Products identifies various regulatory approaches aimed at enhancing the protection of retail investors who are offered OTC leveraged products, often …

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The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, has urged the media to collaborate in enlightening the public on potential of the Blue Economy. Peterside made the plea at a one-day seminar organised for maritime journalists on Tuesday in Lagos. “Presently, the public lacks knowledge of the Blue Economy. The Blue Economy itself lacks legal framework and investments. …

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The Managing Director of Nigeria LNG Limited (NLNG), Tony Attah, at the 2nd West Africa International Petroleum Exhibition and Conference (WAIPEC) in Lagos, said Nigeria must unleash its gas potentials, and support NLNG’s expansion programme, Train 7 project, in preparation for a world that is fast making efforts to reduce its fossil fuel consumption and minimise carbon footprint. In a …

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Union Bank, one of Nigeria’s most trusted financial institutions, in collaboration with Connect Nigeria has announced the launch of the Top 100 Emerging SMEs campaign at the just concluded eBusiness fair for Small to Medium Enterprises (SMEs) which held recently at the Eko Hotel & Suites in Lagos. The eBusiness fair, organized by Connect Nigeria and sponsored by Union Bank, …

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The Debt Management Office (DMO) said the National Assembly approved the Diaspora Bond, which was used to borrow $300 million from Nigerians in the diaspora. In a statement made available to on Sunday, the DMO said the $300 million Diaspora Bond was approved by the National Assembly via its resolution dated April 28, 2016. The issuance of the $300 million …

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As a debt-capital focused securities exchange, championing and supporting market-driven initiatives aimed at providing liquidity and facilitating growth and development in the Nigerian financial markets, FMDQ OTC Securities Exchange (FMDQ or the OTC Exchange), through its Board Listings, Markets and Technology Committee, admitted the listing of the Stanbic IBTC Dollar, Money Market and Bond Funds (the SIAML Funds) on its …

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Sokoto state government and the Bank of Industries (BoI) will disburse the sum of N2 billion to support small scale businesses in the state. Already, the state government said it had released its counterpart fund of N1 billion to the BoI for the scheme. The Special Adviser on Media and Public Affairs to Governor Aminu Waziri Tambuwal, Mallam Imam Imam …

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Olabode Adaramola The sacked Chairman of Tafa Local Government of Niger state, Honourable Ado Abubakar and the been charged for contempt of court over failure to obey the ruling of a Niger State High Court, sittin in Minna, that ordered him to stop parading himself as the winner of the All Progressives Congress(APC) primaries that brought him to office in …

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