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All posts by BusinessNews Staff

  • Mainstreet Bank acquisition: Analysts laud Skye Bank

    There is a consensus in the financial markets that Skye Bank Plc is a bank to watch. As details unfold about the recent acquisition of Mainstreet Bank Limited by Skye Bank, immediate analysts’ reactions and evaluations appear...

    • Posted November 24, 2014
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  • CBN approves N3.88bn for agric projects

    A total of N3.883bn was approved by the Central Bank of Nigeria through five domestic banks for agricultural projects across the country in the month of August. The projects, according to the financial regulator, were executed under...

    • Posted November 24, 2014
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  • Customs to destroy 200 unclaimed containers

    About 200 unclaimed containers at the Ikorodu Lighter Terminal, Lagos, have been condemned by the Nigeria Customs Service. Some of the containers were said to have been transferred to the terminal as far back as 2007. They...

    • Posted November 24, 2014
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  • Shareholders brace up for Nigerian Breweries, Consolidated Breweries merger

    For shareholders of Nigerian Breweries Plc and those of Consolidated Breweries Limited, time to take a leap forward is here. This is because shareholders of the two beer manufacturing companies will on December 4, converge on two...

    • Posted November 24, 2014
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  • FG’s therapy for oil shock attracts divergent views from experts

    As the price of Bonny Light, Nigeria’s crude oil grade hovered around $78 last week amidst a cocktail of austerity measures unveiled by the Coordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, a...

    • Posted November 24, 2014
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  • SEC urges shareholders to focus on long term investment

    A Director and Secretary to the Securities and Exchange Commission (SEC), Mr. Edosa Aigbekaen has urged investors to pay more attention to long term investment in the Nigerian capital market so that companies can grow and create...

    • Posted November 23, 2014
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  • Keystone Bank unveils package for Nigerians in Diaspora

    A significant highlight of Nigeria’s participation at the 2014 WTM London was the unveiling of a value added banking product by Keystone Bank, one of the strongest players in the banking sector. According to Yetunde Emmanuel Yusuf,...

    • Posted November 23, 2014
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  • NSE index sheds 2.09% as 42 stocks fall

    The equities segment of the Nigerian Stock Exchange closed on a negative note on Thursday following a broad sell-off by investors. The NSE All Share Index fell by 2.09 per cent or 717.03 basis points from 34,145.79...

    • Posted November 23, 2014
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  • SON promises new measures to remove substandard products

    The Director-General, Standards Organisation of Nigeria, Dr. Joseph Odumodu, has promised to continue to devise measures aimed at removing substandard products from the nation’s markets. He made the pledge when he led a facility inspection tour to...

    • Posted November 23, 2014
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  • Theft, sabotage force oil production down to 2.2mbpd

    Rising cases of oil theft, production disruption and delay in the passage of the Petroleum Industry Bill have forced down the nation’s oil production targets. In the 2013 budget, the country had targeted 2.53 million barrels per...

    • Posted November 23, 2014
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