Don't Miss


All posts by BusinessNews Staff

  • 7-UP, Honeywell, Sterling Bank lead N46bn market loss

    The 7-UP Bottling Company Plc, Honeywell Flour Mill Plc and Sterling bank Plc topped the losers’ table at the close of trading on the floor of the Nigerian Stock Exchange on Monday. The NSE market capitalisation dropped...

    • Posted March 16, 2016
    • 0
  • UBA records N60bn profit in 2015

    United Bank for Africa Plc, in its audited full year results for the year ended December 31, 2015, released to the Nigerian Stock Exchange on Monday, recorded a 25 per cent growth in its profit after tax...

    • Posted March 16, 2016
    • 0
  • FG to establish technology development bank

    The Federal Government is in the process of establishing a science and technology development bank, the Minister of Science and Technology, Dr. Ogbonnaya Onu, has said. Onu said this when he received the National Association of Motor...

    • Posted March 16, 2016
    • 0
  • Crude oil slips to below $40 as Iran dashes hopes of output freeze

    Despite the pledge by Saudi Arabia to cooperate with other members of the Organisation of Petroleum Exporting Countries (OPEC) to stabilise the oil market, the price of crude oil fell by almost three per cent yesterday after...

    • Posted March 16, 2016
    • 0
  • Buhari lobbies National Assembly on passage of 2016 Budget

    President Muhammadu Buhari has intensified efforts to get the 2016 budget passed into law without further hitches and delay by the National Assembly. THISDAY checks monday revealed that Buhari, in a bid to ensure that all impediments...

    • Posted March 16, 2016
    • 0
  • Nigeria to become exporter of refined fuel – Kachikwu

    The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said that Nigeria will begin to export refined petrol and other petrochemical products within the next four years if plans to ramp up the country’s domestic...

    • Posted March 16, 2016
    • 0
  • GTBank records N99bn profit after tax, declares N52bn dividend

    Guaranty Trust Bank Plc on Monday became the first bank to release its financial performance for the year ended December 31, 2015. Contrary to great apprehension over likely poor bottom-line by banks due to headwinds in the...

    • Posted March 16, 2016
    • 0
  • Agbakoba calls for massive public spending

    Former President of the Nigerian Bar Association (NBA) and human rights activist, Dr. Olisa Agbakoba, has called on the federal government to revalue the naira and encourage massive public spending. He argued that revaluing the naira would...

    • Posted March 16, 2016
    • 0
  • GE, Bresson’s 500MW power project ready next year

    The 500 megawatts power project of Bresson Nigeria Limited, which is being supported by General Electric, will commence operation by the second quarter of next year. The project, which has already received commendation from the Federal Government,...

    • Posted March 15, 2016
    • 0
  • Stock market loses N811bn in 10 weeks

    The market capitalisation of the Nigerian Stock Exchange fell by N811bn from the first trading day of this year till Friday date despite the gains recorded in the market last week, when 40 equities gained and 21...

    • Posted March 15, 2016
    • 0