Tag - FED

THISDAY N330bn in Treasury Bills to Mature This Week Treasury bills valued at N329.9 billion are expected to mature this Wednesday. This however is expected to be offset by an auction of same amount.[Read More…] Zenith Bank Takes Lead in Forex Allocation from CBN Bank returns on the utilisation of foreign exchange bought by commercial banks …

PUNCH Sterling Bank gets ISO 20000-1 certification Sterling Bank Plc says it has received the TCIC ISO 20000-1 certification in recognition of its attainment of global best practices in service management.[Read More…] DAILY SUN CBN releases N250m agric loan to Lagos cooperative members Central Bank of Nigeria (CBN) has released N250 million to Lagos State Agro-allied …

PUNCH Idle refineries slow N22bn chemicals market growth The growth of the nation’s oilfield chemicals markets is being hampered by the state of government-owned refineries, among other challenges, the Chief Executive Officer, Matrix Petro-Chem Limited, Dr. John Erinne, has said.[Read More…] Dollar scarcity: Banks cut customers’ spending abroad by 80% Nigerian bank customers who are planning …

PUNCH TUC, LCCI differ on proposed petrol price rise The Federal Government should not effect the proposed increase in the price of Premium Motor Spirit, popularly known as petrol, without reaching an agreement with the organised labour, the Trade Union Congress of Nigeria has warned.[Read More…] Chinese plan fresh N98.5bn investment in Nigeria The Minister of …

PUNCH Oil glut, others threaten Nigeria’s 2016 production target The growing supply glut in the global oil market is a threat to Nigeria’s projected production target for next year, industry experts have said.​[Read More…] DAILY SUN NBS adopts Stanbic IBTC PMI as FG’s official index THE National Bureau of Statistics (NBS) has officially adopted the Stanbic …

PUNCH Foreign airlines’ N597bn ticket proceeds stuck in CBN Foreign airlines in Nigeria are unable to access foreign exchange from the Central Bank of Nigeria to repatriate their ticket sales proceeds to their home bases.[Read More…] AMCON’ll settle N3.8tn debt by 2023 – CEO The new Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Mr. …

PUNCH Agriculture will be Nigeria’s major revenue earner –Experts Agriculture is going to be the major revenue earner for Nigeria as global crude oil prices continue to fall, renowned experts from the International Institute of Tropical Agriculture and Biocrops Biotechnology Limited have said.[Read More…] Senate okays $200m W’Bank loan for Lagos The Senate on Wednesday approved …

PUNCH Dangote Flour shares plunge after Tiger Brands’ decision The share price of Dangote Flour Mills Plc fell by 9.54 per cent to N2.41 on Tuesday, a day after Africa’s richest man, Aliko Dangote and three other directors quit the company’s Board.[Read More…]  Mining industry set for resurgence Nigeria’s solid minerals endowment though still unfamiliar to …

PUNCH N1.04tn fine: MTN may sack Nigeria management Indications have emerged that the MTN Group may this week call for the resignation of some management staff of its Nigerian subsidiary over the N1.04tn ($5.2bn) fine imposed on it by the industry regulator.[Read More…] VANGUARD CBN concerned about rising non-performing loans The Central Bank of Nigeria, CBN, …

  PROSHARE OANDO FYE 14 Q1 15 H1 15 Conference Call Presentation The key take Apart from the global price volatility in the oil industry, which has strong potential to negatively impact the earning capacity of the firm, we observed that huge provisions for impairment of assets, increase in operating & administrative expenses and depreciation …