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  • BusinessNews Needs a Capital Markets Reporter

    BusinessNews is seeking candidates for a capital markets reporter position focusing on Nigeria Stock Exchange, together with coverage of the Bond Market and Mutual funds. A working knowledge of capital markets is advantageous. Candidates should have contacts...

    • Posted September 21, 2011
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  • Mobitel Nigeria Deploys FTS Express to Provide Flexible and Scalable Billing

     FTS, a global provider of billing, customer care and policy control solutions for communications and content service providers, today announced that Mobitel Nigeria has deployed its FTS express™ solution to provide a telecom billing platform that can...

    • Posted September 20, 2011
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  • Cadbury Nigeria Forecasts 1.54 Billion Naira Profit

    Cadbury Nigeria Plc, a manufacturer of drinks and food products, forecast annual net income of 1.54 billion naira ($9.9 million). Revenue for the 12-month period through December will be 33.77 billion naira, the Lagos-based company said in...

    • Posted September 14, 2011
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  • NICON Privatisation: Interview with Jimoh Ibrahim

    Group Managing Director of NICON Group, Dr Jimoh Ibrahim (OFR), in this interview with a group of select editors in Abuja, speaks on the Senate inquiry into the privatisation of public corporations . In what state was...

    • Posted September 14, 2011
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  • Nigerian index down to 2005 levels

    Nigeria’s all-shares index on Monday tumbled to its lowest since late-2009 and back to levels seen in March 2005 as investors’ jitters weighed on the market. The index fell 0.32 percent to 21,032.53 points, dragged down shares...

    • Posted September 13, 2011
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  • GTBank Pays N7.2bn Interim Dividend for 2011

    The liquidity position of the shareholders of Guaranty Trust Bank Plc has been enhanced as  the bank paid a total of N7.2 billion  as interim dividend for the  2011 half year ended June 30. The dividend, which...

    • Posted September 11, 2011
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  • Union Bank: New Investors to get 60 pct

    Nigeria’s Union Bank said on Friday its $750 million recapitalisation deal will give a group of institutional investors led by African Capital Alliance (ACA) private equity a 60 percent stake in the troubled lender, while existing shareholders...

    • Posted September 9, 2011
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  • Nigeria Reserves: CBN Plans to Get Yuan to 10%

    CBN plans to reach a target of holding 10 percent of Nigeria reserves in yuan “as soon as possible,” said central bank Governor Lamido Sanusi. The nation plans to start holding the Chinese currency next quarter, predicting...

    • Posted September 8, 2011
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  • Afribank, Bank PHB, Spring Bank Delisted From Stock Exchange

    Afribank Plc, Bank PHB Plc (PLATINUM) and Spring Bank Plc (SPRINGBK), lenders that Nigeria nationalized last month, were delisted from the country’s bourse on Aug. 5, the Lagos- based stock exchange said in a statement on its website today....

    • Posted September 6, 2011
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  • Ozza Joint Ventures plans $100m oil refinery in Abia

    A consortium of indigenous oil refinery companies known as Ozza Joint Ventures Oil Field Limited is to start refining crude oil in Umuokwo, Ukwa West of Abia State with a whopping sum of $100 million. The consortium,...

    • Posted September 3, 2011
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