Business
British Airways owner IAG boosts Liquidity by $3.4 billion
British Airways owner IAG raised total liquidity by 2.45 billion pounds ($3.4 billion), through a loan and deferred pension contributions, and said it continued to explore other debt opportunities to
Oil Gains as US Production Slowly Returns After Freeze
Oil prices rose on Monday as the slow return of US crude output that was cut by frigid conditions raised concerns about supply just as demand is coming back from
With Rising Poverty and Unemployment, Nigeria Sitting on Time Bomb, Report Says
The Financial Derivatives Company Limited (FDC) has stressed that Nigeria’s high unemployment (27.1%), its large youth population, as well as its poverty rates, mean that the country is effectively seating
Expect N195 per litre for petrol, marketers warn Nigerians
…No plans to increase price in February – NNPC …We’ll react when price of fuel is increased – TUC …We are not surprised by marketers’ arrogance – JAF By Udeme
NASD gets SEC approval to float Investor Protection Fund
SEC By Nkiruka Nnorom NASD Plc, the OTC market for all unlisted securities, said it has secured approval from the Securities and Exchange Commission (SEC) to float an Investor Protection
Shareholders sue FG over plan to borrow N158bn unclaimed dividend
By Nkiruka Nnorom Aggrieved by the plan of the Federal Government (FG) to borrow the over N158 billion outstanding unclaimed dividend, shareholders have sued the government at Federal High
Interswitch launches platform to boost SME growth
By Peter Egwuatu Interswitch Group has announced the launch of Quickteller Business for Small Scale Enterprises, SMEs and corporate entities to facilitate significant participation in banking services. The company in
ASHON advocates measures to support commodities exchanges
SEC By Peter Egwuatu The Association of Securities Dealing Houses of Nigeria ( ASHON) has urged the Federal Government to initiate policies that will enable commodities exchanges to contribute towards
Insurers sustain economy with N747.06bn claim settlement
Despite worries about a recession, operators in the nation’s insurance industry have supported the economy with claim settlement of about N747.06 billion in the last five years. The post Insurers
Rising yields in money market dampen appetite for stocks
The upward retracement in yields in the fixed income market has continued to dampen investors’ interest inequities as the bearish performance in the Nigerian Stock Exchange (NSE) extended to a
