Business - Page 993

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

28 mins ago

by Jimisayo Opanuga

CMA CGM inaugurates new logistics platform in Cameroon

THE CMA CGM Group has inaugurated a new logistics platform in Douala, Cameroon. According to the company, the 3CTC platform, concessioned for 25 years has been operational since January 7th, 2015. The

9 years ago

Maritime

‘Ownership, cash management in shipping business’

SHIPPING is a cash-driven business, and the combination of large, frequent and often short-notice receipts and payments does not sit well with private equity firms when considering cash management. According to international

9 years ago

Maritime

New Greek leader faults ports’ privitisation scheme

THE new leftist Greek government has rejected suggestions it was relenting on ending privatisation of state assets and said it would stick with plans to stop the sale of Piraeus and Thessaloniki

9 years ago

Maritime

Govt moves to bridge $2.4tr infrastructure funding gap

•NIPC initiates investment promotion masterplan THE Federal Government has unfolded plans to commence the implementation of a strategic investment master plan, to bridge the country’s infrastructural funding gap, currently estimated at about

9 years ago

Business

Oil marketers allay fears of fuel scarcity despite N264b unpaid subsidy

MAJOR Oil Marketers Association of Nigeria (MOMAN) has allayed fears of fuel scarcity that may be occasioned by the delay in the payment of outstanding N264 billion subsidies and interest on foreign

9 years ago

Business

Osun legislators pass N201 billion 2015 budget into law

OSUN State House of Assembly has passed the 2015 appropriation bill of N201 billion into law. The bill scaled through the third reading and was passed at its sitting yesterday, following

9 years ago

Business

‘Low transaction volume bane of stock brokerage’

• Expert laments dominance of foreign investors in capital market THE Managing Director of Securities Africa Financial Limited, Folabi Afolayan has identified volume of transactions as a major challenge facing stockbroking firms

9 years ago

Business

Forte Oil declares N6.01b profit-before-tax

FORTE Oil PLC, a foremost indigenous major marketer of refined petroleum products, has announced audited results for the for the twelve-month period ended 31 December, 2014, with the following highlights: Financial Highlights:

9 years ago

Business

Stocks open week bullish, extend five-day bargain hunting

THE equities market closed today on a positive note, as the Nigerian Stock Exchange (NSE) All Share Index (ASI) appreciated by 1.39 per cent to close at 29,793.13 basis points, compared with

9 years ago

Capital Market

Insurgency: Sub-regional trade hit in Nigeria’s N’East

EXCEPT the security situation improves in the North-Eastern part of the country within the next few weeks, Nigeria may continue to lose out in the benefits of ECOWAS sub-regional trade, especially with

9 years ago

Business

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Business - Page 993

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

CMA CGM inaugurates new logistics platform in Cameroon

‘Ownership, cash management in shipping business’

New Greek leader faults ports’ privitisation scheme

Govt moves to bridge $2.4tr infrastructure funding gap

Oil marketers allay fears of fuel scarcity despite N264b unpaid subsidy

Osun legislators pass N201 billion 2015 budget into law

‘Low transaction volume bane of stock brokerage’

Forte Oil declares N6.01b profit-before-tax

Stocks open week bullish, extend five-day bargain hunting

Insurgency: Sub-regional trade hit in Nigeria’s N’East

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Business - Page 993

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