CBN: Import Prohibition Attracts $10b Investment

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, said the import prohibition policy of the apex bank has attracted investment valued at $10billion into the country. The CBN chief spoke in Abuja during an interactive seesion with the Joint House Committees on Finance, Appropriation; Aids, Loans & Debt Management and Budget Research on the 2018-2020 Medium Term Expenditure Framework/Fiscal Strategy Paper. Represented by Deputy Governor, Operations, Adebayo Adelabu,Adebayo Adelabu, the CBN governor said a reduction in inflation...

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Nigeria Raises $3bn At International Capital Market

The Minister of Finance, Mrs Kemi Adeosun, says Nigeria has raised $3bn at the international capital market. She made this known in a statement issued by Mr Oluyinka Akintunde, the Special Adviser, Media and Communications on Wednesday in Abuja. She said the Notes comprised a $1.5bn 10-year series and a $1.5bn 30-year series. “The 10-year series will bear interest at a rate of 6.5 per cent, while the 30-year series will bear interest at a rate of 7.625 per cent. “By raising $1.5bn of 30-year notes, Nigeria has emulated a number of our international...

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Banks may soon publish list of accounts without BVN

As the expiration of the November 3 deadline for all account holders to obtain Bank Verification Numbers (BVN) ended on Friday, compilation of accounts without BVN has started in banks. Deposit Money Banks, are carrying out the exercise sequel to the order of the Federal High Court in Abuja and may soon publish the list in newspapers in line with the directive of the court. According to bank executives, the list after compilations will also be sent to the Federal Government through the Central Bank of Nigeria. Recall that the court presided...

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NSE RoundUp! Nigerian equities net N165bn gains amidst global equities rally

Nigerian equities sustained a largely bullish performance during the immediate past week, leaving investors with net capital gains of N165 billion at the weekend. Benchmark indices at the Nigerian Stock Exchange (NSE) showed widespread positive sentiment as quoted companies rounded off the submission of their third quarter earnings. The deadline for the submission of the nine-month third quarter earnings for quoted companies elapsed on Tuesday October 31, 2017. Most active companies met the deadline. The All Share Index-the value-based index...

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NSE LIVE! Equities lose N36b amidst profit-taking

After two positive consecutive trading sessions, Nigerians equities came under sell pressure on Thursday as investors turned round to take profit. With 27 decliners to 19 advancers, the overall market position shifted downward, dropping by N36 billion. The All Share Index (ASI)-the common value-based index that tracks share prices at the Nigerian Stock Exchange (NSE), declined by 0.29 per cent to close Thursday at 36,517.48 points as against its opening index of 36,622.85 points. Aggregate market value of all quoted equities at the Exchange...

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5 money moves to make in your 30s

         Some of the basic financial rules stay the same as you get older (i.e., pay off debt and keep saving), but there are some steps that are more important at some some stages than at others.For 30-somethings, it means paying off more debts as your income grows, reevaluating current spending habits, and diving head first into adulthood by updating your insurance coverage.Taking care of these responsibilities is essential to making sure you're on stable financial footing.Below, you'll learn why each one of these steps...

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12 criteria for starting a successful business, if you want to get rich

Starting your own business sounds good and great. But what is the ideal set up for a company? Founders of a company often make decisions that determines the ultimate success or failure of an enterprise. However, a few decades ago investment strategist Richard Russell already listed twelve criteria for the "ideal business model". If you consider starting a new business (or know someone who wants to do that), consider the list below carefully. You’ll find out meeting all twelve criteria is extremely difficult. yes' The suggestion therefore...

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5 helpful business tricks for small businesses

It’s unfortunate that a lot of small businesses don’t survive beyond the first few years of their existence, but this mainly happens due to a lack of knowledge and understanding of what needs to be done to help sustain a small business.many run into business because the profit is attractive,but after some years the story is not the same. this is a general problem for all businesses either large scale or small scale but here are the 5 helpful business...

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Nigeria: States and Fiscal Sustainability Plan

EDITORIAL The states must devise measures to run on their own steam Despite the recent euphoria that greeted the announcement that Nigeria had come out of recession, the most fervent optimist would concede that the economy is still in the doldrums. This is more obvious in several of the 36 states. That perhaps explains why the federal government has decided to put in place a regulatory and monitoring mechanism to track developments, aside reiterating that consideration for support to these states would be contingent on certain parameters. At...

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Nigeria’s oil production cost down by 70.5% to $23 a barrel – NNPC

The Nigerian National Petroleum Corporation (NNPC) has driven down the cost of crude oil production from $78 dollars per barrel as at August 2015 to $23 per barrel representing 70.5 per cent reduction. The Group General Manager of National Petroleum Investment Management Services (NAPIMS), a unit of NNPC, Engr. Dafe Sejebor, who disclosed this during the inauguration of the Anti-Corruption Committee of the unit, said the country had saved a minimum...

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Nigeria can generate N56bn from coal briquettes in 3yrs – Expert

An economic expert has said that Nigeria can make a whopping N56billion in 3 years by reviving the coal industry, especially with the use of coal briquettes for industrial and domestic use, Leadership reports. An industrial pharmacist and specialist in marketing new technologies, Mr Emmanuel Nwankwo, said Nigeria really needs to go back to basics, which is the use of coal since it has it in abundance, starting from Enugu State. He...

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