Inflation drops to 9.0% in May – National Bureau of Statistics
By Abdulwahab Isa with agency report Nigeria’s inflation rate stood at 9.0 per cent in May against the 9.1 per cent recorded in April, Dr Yemi Kale, the Statistician-General of the Federation said. Kale, in a statement issued yesterday in Abuja, said that this indicated that year-on-year rate still held below single digit as observed since the beginning More...
Heritage Oil production from OML 30 rebounds
…..as 395,000bpd capacity infrastructure in place Heritage Oil Plc, an independent upstream exploration and production company with headquarters in London, says gross production from its Oil Mining Lease (OML More...
MDGs and the 2015 deadline: Matters arising
In the lead-up to the 2015 target date fixed for the attainment of the Millennium Development Goals (MDGs), the World Health Assembly met recently in Geneva to draw up the post-2015 development agenda. The development More...
External reserves remain stagnant at N48bn
By Abdulwahab Isa with agency report Nigeria’s external reserves have remained stagnant at N48bn for over three months, an investigation by our correspondent has shown. It was learnt on Friday that the swing in More...
FBN renews commitment for sustainability
From Ngozi Onyeakusi, Lagos FBN Holding Plc. has renewed commitment for sustainability in the profitability and growth recorded by the group in the recent time. Addressing brokers while presenting the banks ‘Fact More...
Union Bank Q1 Profit before Tax hits N7.7bn
Union Bank Plc. has recorded a Gross Earnings ofN29.8 billion (Group) for the first quarter, while Gross Earnings for the bank stood at N25.4 billion. The bank’s Profit before Tax for the Group was N7.7 billion, More...
1.808 billion new shares recorded on NSE
…ASI drops by 5.8% From Ngozi Onyeakusi, Lagos Driven by the activities in the financial service sector, transactions on the floor of the Nigeria Stock Exchange last week recorded additional 1.808 billion new More...
Access Bank GMD, Aigboje Aig-Imoukhuede, appointed as VP NSE
The Nigerian Stock Exchange (NSE) has announced the appointment of Aigboje Aig-Imoukhuede CON as the first Vice President of the Council of the Nigerian Stock Exchange. The appointment was made after the 52nd Annual More...
Warning: Your future job may be in decline
Before you make any sudden moves, check out these smarter, more stable alternatives. You’ve heard it before – all jobs aren’t created equally. But what does that mean? Salary is one obvious point of differentiation, More...
Inter-bank rates rise on CBN’s N230bn OMO auction
The money market, on Wednesday experienced liquidity squeeze as the Nigerian Inter-Bank Offered Rates (NIBOR) increased significantly across tenor buckets. For instance, call tenor climbed to 15.70 percent from More...
