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CIS To Train Stockbrokers On Investment Analysis

Stock Market Sheds N196bn over Deferment of Polls

The Chartered Institute of Stockbrokers has revealed plans to train stockbrokers to enable them to understand the dynamics of technical analyses for capital market investment. The CIS, in a statement on Thursday last week, said the training was part of ...

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Tax Defaulters: FIRS Contravening Tax Laws – KPMG

Tax Defaulters: FIRS Contravening Tax Laws - KPMG

KPMG, one of the big four auditors in the world, says the Federal Inland Revenue Service has contravened the Companies Income Tax Act by freezing the accounts of suspected tax defaulters. KPMG said the FIRS had gone draconian by giving ...

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Banks’ Instant Pay Transactions Hit 2.5 Million On Val’s Day

Banks’ Instant Pay Transactions Hit 2.5 Million On Val’s Day

Bank customers carried out about 2.5 million transactions on Nigeria Interbank Settlement System Instant Pay platform recorded on Valentine’s Day, live updates provided by the NIBSS have shown. As shopping for gift items and visit to entertainment spots in the ...

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Oil: Nigerian Navy Laments Loss Of 277,040 To Illegal Bunkering

Oil: Nigerian Navy Laments Loss Of 277,040 To Illegal Bunkering

Nigerian Navy has said that the nation has lost over a whopping 277,040, barrels of crude oil from illegal oil bunkering activities in 2019. Chief of Training and Operations (COPP), Rear Admiral Mackson Makonju Kadiri, disclosed this during the first ...

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Niger Delta Militants Vow To Stop Oil Flows, Cripple Economy

Niger Delta Militants Vow To Stop Oil Flows, Cripple Economy

Militants under the aegis of the Niger Delta Avengers on Thursday threatened to halt crude oil flow from the Niger Delta and cripple the economy if President Muhammadu Buhari is re-elected. The group decried what it described as the “continuous ...

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Oil Production Falls To 1.99 Million Barrels

Oil Production Falls To 1.99 Million Barrels

The Ministry of Petroleum Resources has announced that Nigeria’s crude oil production including condensate fell to 1.999 million barrels per day in January from 2.081 million bpd in December. Similarly, the Organization of Petroleum Exporting Countries (OPEC), in its latest ...

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Shell Discloses Plans To Support Imo State

Shell Discloses Plans To Support Imo State

In effort to contribute to the society where it operate, Shell Petroleum Development Company of Nigeria Limited (SPDC),  has disclosed its plans to release 11 billion naira worth of funds to 11 communities in Imo State, Nigeria,  to begin implementation of identified ...

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Odumakin Leads Discourse On Young Women And Elections

Odumakin Leads Discuss On Young Women And Elections

As part of efforts to promote democratic ethos and encourage young women’s participation in elections, American Centre, one of the agencies of the United States of America Mission in Nigeria, hosted the President of Women Arise and 2013 United States ...

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Nigeria wastes 42,160MW as transmission, distribution challenges linger

Nigeria wastes 42,160MW as transmission, distribution challenges linger

Challenges facing the Nigerian Electricity Supply Industry (NESI), have led to the wastage of about 42,160.87 mega watts (MW) of electricity out of the 88,566.43MW generated by power generation companies (GenCOs) last year.  Although the current administration had vowed to ...

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Shell invites bid for new FPSO in Bonga

Shell invites bid for new FPSO in Bonga

Shell Nigeria Exploration and Production Company (SNEPCo), has announced the release of Invitation to Tender (ITT), to contractors for the development of the Bonga South West Aparo (BSWA) oil field. This comes a day after the execution of the Heads ...

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Shell, NNPC Invite Bidders for $10bn Bonga South West Project

Shell, NNPC Invite Bidders for $10bn Bonga South West Project

NNPC Looks to India for Help in Repair of Refineries Exactly seven months after the Minister of State for Petroleum, Dr. Ibe Kachikwu, directed the Nigerian National Petroleum Corporation (NNPC) and Shell Nigeria Exploration and Production Company (SNEPCo) to commence ...

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2019 budget an opportunity for private sector to thrive, says Akabueze

2019 budget an opportunity for private sector to thrive, says Akabueze

Worried by the dwindling fortunes of Nigeria’s economy, the Director-General, Budget Office of the Federation, Ben Akabueze, has said the proposed N8.83 trillion 2019 national budget presents opportunities for the organised private sector to strive. Akabueze said this in a ...

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CBN eases Capital Pressure on Struggling Banks

CBN eases Capital Pressure on Struggling Banks

Nigeria’s central bank has given the country’s lenders some much-needed relief by extending the time they will have to implement stricter accounting rules for bad loans. Lenders in the West African country now have four years to absorb impairments arising ...

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Ashaka Cement to inaugurate N11bn 16MW power plant

Ashaka Cement to inaugurate N11bn 16MW power plant

Ashaka Cement Company, a subsidiary of Lafarge Africa Plc has unveiled plans to inaugurate a 16-megawatt power plant in order to improve and solve the country’s energy problem. The Managing Director, Ashaka Cement, Rabiu Abdullah Umar, who disclosed this while ...

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Global oil demand to fall to 30.6m barrels daily

Global oil demand to fall to 30.6m barrels daily

The Organisation of Petroleum Exporting Countries (OPEC) has said demand for crude oil would fall to 30.59 million barrels per day this year due to global economic realities. While increasing forecast for non-OPEC production by 80,000 bpd to 2.18 million ...

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Airspace managers insist on cashless remittance of charges

Airspace managers insist on cashless remittance of charges

The Nigerian Airspace Management Agency (NAMA), has enjoined airlines operators to strictly comply with the cashless remittance of aeronautical charges, in line with the presidential directive on the implementation of Treasury Single Account (TSA). By implication, the airlines were warned ...

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Another fuel tanker goes up in flames in Anambra

Another fuel tanker goes up in flames in Anambra

Death toll rises to 10 in Saturday’s incident A petrol tanker yesterday went up in flames at a filling station along Nnewi-Okigwe expressway, Nnewi, Anambra State. This is coming barely two days after seven persons were reported dead in another ...

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Nigeria’s small businesses suffer N48 trillion funding gap

Nigeria’s small businesses suffer N48 trillion funding gap

CBN sensitises judicial officers on collateral registry The numerous intervention schemes notwithstanding, the Central Bank of Nigeria (CBN) has put the existing financing gap in the small business segment of the economy at $158 billion (N48 trillion).According to the apex ...

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Stockbrokers knock FG for not reconstituting SEC board

Stockbrokers knock FG for not reconstituting SEC board

Chartered Institute of Stockbrokers (CIS) has faulted the Federal Government’s failure to reconstitute the Securities and Exchange Commission (SEC) board, after almost five years that the previous board had been dissolved. Past president of the institute, Michael Itegboje, at the ...

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Nigeria recovers N1.2tr unpaid oil debts, may revoke debtor licencees

Nigeria recovers N1.2tr unpaid oil debts, may revoke debtor licencees

Automation of processes to aid accountability, check seepage Nigeria’s Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu, disclosed that the Federal Government had recovered no less than N1.2 trillion in unpaid royalty from crude oil sales, following the Ministry’s ...

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