Tag - NERC

THISDAY CBN Reviews N220bn MSME Fund Guidelines to Encourage Start-ups As part of efforts to encourage entrepreneurial ventures and new businesses in the country, the Central Bank of Nigeria (CBN) has reviewed the guidelines for its N220 billion micro, small, and medium scale enterprises development fund (MSMEDF).[Read More…] Report: Banks Struggling for Forex Liquidity The declining …

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 Nigeria lost N1.7tn to crashes in 2014 – FRSC the Federal Road Safety Commission, Standard Organisation of Nigeria and other relevant agencies have concluded plans to reduce accidents on the roads beginning from April 2016.[Read More…] THISDAY NASD OTC Targets 300 Unlisted Securities to Trade in OTC Market The NASD Plc, the operators of the …

PUNCH Dangote builds N7bn diagnostic centre in Kano Africa’s richest man, Aliko Dangote, through his Dangote Foundation, is building a N7bn state-of-the-art operating theatre and diagnostic centre at the Murtala Muhammad Specialist Hospital in Kano.[Read More…] Transcorp Ughelli Power changes name Transnational Corporation of Nigeria Plc has announced the successful merger of its two power subsidiaries, …

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, …

  PUNCH CBN adjusts exchange rate peg again The Central Bank of Nigeria weakened its exchange rate peg to N197 against the dollar on the interbank market on Friday, down from N196.97, Reuters reported quoting foreign exchange dealers.[Read More…] Stanbic, First Bank, UBA shed N90.6bn after sanctions Stanbic IBTC Holdings Plc, FBN Holdings Plc and United …

  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 …

LEADERSHIP Dangote To Address Global Tech Start-ups Africa’s richest man and chairman of Dangote Group, Alhaji Aliko Dangote, will address a global audience at the 2015 edition of DEMO Africa on September 24-25, 2015, in Lagos, the chairman of the local organising committee (LOC), Yele Okeremi, has confirmed..[Read More…] Nigerian International Debt Fund To Pay …

VANGUARD Fidelity Bank’s listing of N30bn bonds to boost liquidity The listing of Fidelity Bank’s N30 billion corporate bonds on the Nigerian Stock Exchange, NSE, is expected to boost liquidity in the Nigerian capital market.[Read More…] Falling crude price: Value of oil, gas firms down by N273.4bn The crash in the global price of crude …