Business - Page 992

FX reserves increase by $110m in 24hrs, hit $34.7bn

Nigeria’s foreign exchange reserves have reached a new high of $34.7 billion, according to data released by the Central Bank of Nigeria (CBN) on Sunday, marking a significant increase of $110 million

54 mins ago

by Jimisayo Opanuga

Nigeria’s daily subsidy on fuel hits N1.5 billion

FEDERAL Government’s subsidy on a litre of fuel has increased from N15.82k it recorded one week ago to N30.05k at an exchange rate of N199 to a dollar as at Wednesday.

9 years ago

Business

Firms inject N300b fresh fund into power sector

THE new investors in the electricity generation and distribution companies have injected over N300 billion into the power sector in the last one and half years. Already, Egbin Power Plc has

9 years ago

Business

Stakeholders seek suspension of new electricity tariff

ELECTRICITY consumers in the commercial and industrial sectors of the country, Wednesday called on the Nigerian Electricity Regulatory Commission (NERC) to suspend the implementation of the new electricity tariff. NERC, on

9 years ago

Business

NCC to boost mobile broadband with 70/80GHz bands’ auction

THE Nigerian Communications Commission (NCC) is considering another frequency licensing in the 70/80GHz spectrum bands. Though, the NCC has set aside March 12, 2015 to engage industry stakeholders on the viability

9 years ago

Business

Fitch affirms Stanbic IBTC’s‘AAA(nga)’ ratings

FITCH Ratings has re-affirmed the AAA (nga)’ national ratings of Stanbic IBTC Bank Plc and Stanbic IBTC Holdings Plc, a testament to the financial institutions’ strong fundamentals and stability. The two

9 years ago

Business

Support for SMEs now urgent, says Heritage Bank

HERITAGE Bank Limited said there is no better time to support the nation’s fledgling Small and Medium Enterprises (SMEs) sub-sector than now when the tide of economic challenges and environmental uncertainties is

9 years ago

Business

Skye Bank commences instant ATM card issuance

SKYE Bank Plc has begun instant card issuance service to both new and existing customers for improved customer experience in its branches. This service is currently available in selected branches, but is

9 years ago

Business

NSE’s market capitalisation rises further by N118 billion

TRADING activities at the nation’s stock market continued in an upbeat, occasioned by price gains recorded by major blue chip companies, as investors wealth increased by N118 billion. Specifically, market capitalisation

9 years ago

Capital Market

NIMASA canvasses sustained capacity building in maritime sector

THE Nigerian Maritime University (NMU) will produce high-level manpower for the maritime/shipping sector on a sustainable basis, Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Patrick Akpobolokemi has said. According to

9 years ago

Maritime

UN agency unveils training rules for polar seafaring, fatigue regulations

THE United Nation’s (UN) International Maritime Organisation (IMO) has agreed on requirements for the training and certification of seafarers operating in polar waters at the level of IMO sub-committee on Human Element,

9 years ago

Maritime

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Business - Page 992

FX reserves increase by $110m in 24hrs, hit $34.7bn

Nigeria’s daily subsidy on fuel hits N1.5 billion

Firms inject N300b fresh fund into power sector

Stakeholders seek suspension of new electricity tariff

NCC to boost mobile broadband with 70/80GHz bands’ auction

Fitch affirms Stanbic IBTC’s‘AAA(nga)’ ratings

Support for SMEs now urgent, says Heritage Bank

Skye Bank commences instant ATM card issuance

NSE’s market capitalisation rises further by N118 billion

NIMASA canvasses sustained capacity building in maritime sector

UN agency unveils training rules for polar seafaring, fatigue regulations

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