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Wednesday, Feb 22nd

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CURRENCY RATES USD$: CBN N156.10, PARALLEL N159.70 . POUND: CBN N247.79, PARALLEL N255.00 EURO: CBN N207.09 PARALLEL N213.00.

Oil Prices: Brent Crude US$ 120.52, Light Crude US$ 104.55, Gold(Closing Price) US$ 1,755.90 Cocoa(Closing Price) Open US $2,345.00 Close US$ 2,400.00

Market Watch NSE CLOSE: ↑+125.17, 20,439.25 ACCRA CLOSE: ↓-0.46, 970.35 JSE CLOSE: ↑+36.37, 34,142.37 FTSE CLOSE: ↓ -9.04, 5,936.21 DOW CLOSE: ↑ +43.63, 12,993.50

BREAKING NEWS:
Rising demand for FG bonds brightens deficit funding

Rising demand for FG bonds brightens deficit funding

Monumental increase in investors’ demand for government securities like Treasury Bills (TBs) and sovereign bonds has enhanced government’s capacity to fund its expected budget deficit of 2.97 percent ...

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CBN’s agric lending scheme holds key to rice importation ban

CBN’s agric lending scheme holds key to rice importation ban

Industry players have hinged the success of next year’s proposed ban on rice importation by the Fede...

AMCON, CBN, NSE, SEC addressing margin loan exposure

AMCON, CBN, NSE, SEC addressing margin loan exposure

Stockbrokers’ margin and underwriting loan exposure is being addressed by the Asset Management Corp...

FG concludes oil firms’ licence renewal in March

FG concludes oil firms’ licence renewal in March

The Federal Governmnet yesterday said Shell’s oil lease, along with other oil companies whose licenc...

Naira gained due to offshore dollar inflows

Naira gained due to offshore dollar inflows

The Nigerian naira strengthened further against the U.S dollar on both the interbank market and offi...

MARKETS

Investor

Investors remain on sidelines awaiting FY 2011 results, dividend announcements

Investors remain on sidelines awaiting FY 2011 results, dividend announcements

Equity investors at the Nigerian Stock Exchange (N...

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Bond Market

Fixed income market in review

Fixed income market in review

The Debt Management Office (DMO) has  announced th...

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Companies and Markets

Dataflex gives customers cloud computing

Dataflex gives customers cloud computing

Dataflex, one of Nigeria's foremost Information Te...

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Money

Banking & Finance

Mainstreet Bank repackages products to meet new market demand

Mainstreet Bank repackages products to meet new market demand

Determined to create consumer value, Mainstreet Ba...

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Personal Finance

Think multiple streams of income to meet your financial needs

Think multiple streams of income to meet your financial needs

Do you still want to keep experiencing sleepless n...

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Microfinance

MFBs working to meet CBN’s deadline on capital requirement 

MFBs working to meet CBN’s deadline on capital requirement 

A stitch in time saves nine! You can call it an ad...

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Business Headlines

Latest

Dealers of illegal military uniforms arrested in Aba

Dealers of illegal military uniforms arrested in Aba

The 14 Brigade of the Nigerian Army says it has ar...

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world News

S.Sudan oil minister warns Trafigura over seized oil

S.Sudan oil minister warns Trafigura over seized oil

South Sudan will refuse do to any business in the ...

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Politics

FG steps up reform process in NIPOST

FG steps up reform process in NIPOST

The federal government is intensifying efforts to ...

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Analysis

Commentary

Re-inventing leadership through leadership

Re-inventing leadership through leadership

The introduction of my flagship book which is enti...

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Features

Reps oversight functions and politics of NCC budget defence

Reps oversight functions and politics of NCC budget defence

In the last few weeks, the National Assembly, espe...

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Editorial

Mortgage products and home-ownership

Mortgage products and home-ownership

Following the consolidation and recapitalization o...

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Energy

Oil

Exxon signs Nigerian license renewals, dispute over

Exxon signs Nigerian license renewals, dispute over

U.S. energy giant Exxon Mobil signed 20-year oil l...

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Power

FG promises connecting OGFZ to national power grid

FG promises connecting OGFZ to national power grid

The Federal Government says it will connect the Oi...

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Gas

Shell to buy Mozambican Energy Company

Shell to buy Mozambican Energy Company

Royal Dutch Shell Plc has placed a 992.4 million p...

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Media Business

Media Business

Practitioner lists ad industry pains, hopeful for future

Practitioner lists ad industry pains, hopeful for future

Nigeria’s advertising industry is going through ex...

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Advertising

Virgin Atlantic makes biggest investment in business class cabin

Virgin Atlantic makes biggest investment in business class cabin

Virgin Atlantic has said it is investing £100m ove...

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Branding

BlackBerry PlayBook gets software upgrade

BlackBerry PlayBook gets software upgrade

Research in Motion(RIM) released a software update...

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Business Life

Art & Life

Dbanj rocks the mic with Rick Ross

Dbanj rocks the mic with Rick Ross

Nigerian top act pop D'banj recently featured in a...

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Inspiring Woman

For Evelyn, it is healthy living advocacy all the way!

For Evelyn, it is healthy living advocacy all the way!

Sometimes in life, we find fulfillment when we are...

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travel & Leisure

Lagos: The city that never sleeps

Lagos: The city that never sleeps

When the pilot called on the cabin crew to prepare...

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Sport

Nigerian Sport

Etuhu hails Fulham boss

Etuhu hails Fulham boss

Dickson Etuhu has hailed Fulham boss Martin Jol's ...

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Sport Reel

Rwanda FA name new venue for Eagles-Amavubi clash

Rwanda FA name new venue for Eagles-Amavubi clash

The 2013 Africa Cup of Nations qualifier between R...

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International Soccer

Tevez issues apology to Manchester City

Tevez issues apology to Manchester City

Carlos Tevez has apologised following his self exi...

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