All posts by BusinessNews Staff
Major blue chips drop prices on NSE
Some blue chips on the Nigerian Stock Exchange (NSE) recorded price depreciation on Friday as a result of profit taking by investors. The News Agency of Nigeria (NAN) reports that Dangote Cement topped the price losers’ chart...
- Posted September 13, 2014
House of the Week: A magnificent investment property at Katampe, Abuja
If you’re looking to invest in the every growing Nigerian real estate market, here is an opportunity to invest in a property located in the capital city, Abuja. This property comprises of the following: - 2 units...
- Posted September 5, 2014
Dangote restates commitment to SON’s directive on cement, launches 1X premium 32.5 grade brand
In full compliance with the directive of the Standards Organisation of Nigeria (SON) on the various grades of cement and their prescribed uses, Dangote Cement Plc has announced plans to launch its brand of the premium 32.5...
- Posted September 3, 2014
Kunoch Holdings acquires Actis LLP’s and CDC Group’s stake in Diamond Bank
Kunoch Holdings, a private-equity firm, has completed the purchase of a Diamond Bank Plc stake from Actis LLP and CDC Group Plc. A statement by Diamond Bank announced that Kunoch acquired the stake by buying Actis DB...
- Posted August 22, 2014
Jonathan re-appoints Robert Orya as NEXIM Bank MD
President Goodluck Jonathan has renewed the tenure of Roberts Orya, the Managing Director of the Nigerian Export-Import Bank, NEXIM. Mr. Orya was appointed Managing Director/CEO of NEXIM Bank on August 14, 2009. The Permanent Secretary, Federal Ministry...
- Posted August 21, 2014
Re-introduction of ATM charge won’t discourage financial inclusion – CBN
The Central Bank of Nigeria, CBN, has faulted critics of its N65 charge on use of Automated Teller Machine. The apex bank in a statement on Wednesday said the policy won’t discourage its drive for financial inclusion....
- Posted August 20, 2014
Aliko Dangote to speak at the 2nd Africa Global Business Forum in Dubai
Aliko Dangote, Africa’s richest man, whose business activities drive economic growth across the continent has confirmed his presence at the 2nd Africa Global Business Forum, taking place on October 1st and 2nd in Atlantis The Palm, Dubai....
- Posted August 15, 2014
“Multiple taxation hinders establishment of industries” – Adewumi
Multiple taxation in Nigeria has been identified as a major problem militating against the establishment of industries by local investors in the country. This development has been the reason why thousands of graduates have been roaming the...
- Posted August 9, 2014
Telecoms companies to disconnect substandard phones from networks – SON
Dr. Joseph Odumodu, Director General, Standards Organisation of Nigeria (SON) has disclosed that In no distant future, the Federal Government will order telecommunication companies in the country to begin a nationwide switch-off of over 12.6 million fake...
- Posted August 8, 2014
Production in Shell’s new oil well to raise Nigeria’s crude oil earnings by N672m daily
Shell Nigeria Exploration and Production Company Limited, SNEPCo’s commencement of productions on Wednesday from the first well at the Bonga North West deep-water development offshore Nigeria is raising the hopes of Nigeria’s crude oil production rising by...
- Posted August 7, 2014
President Jonathan demands for US support to boost economic growth
President Goodluck Jonathan, on wednesday pursued greater support from the United States in an effort to make other sectors of the Nigerian economy more productive. The President made the call in in Washington DC, USA. He stated...
- Posted August 7, 2014
FG approves two consortium to bid for NITEL/MTEL assets
The Federal Government on Monday approved two of the 17 interested companies to bid for the assets of Nigerian Telecommunications Ltd (NITEL) and its subsidiary, Mobile Telecommunication Ltd (MTEL). The Minister of Mines and Steel, Alhaji Musa...
- Posted August 4, 2014