All posts by BusinessNews Staff

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  NSE records marginal growth, indices appreciate by 0.06%

  Transactions on the Nigerian Stock Exchange recorded marginal growth on Thursday with the market indices appreciating by 0.06 per cent. The News Agency of Nigeria (NAN) reports that the All-Share Index appreciated by 23.06 points to close...

  • Posted February 28, 2014
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  Second Niger Bridge to gulp N117billion – FG

  The Minister of Works, Mr Mike Onolememen, said on Tuesday in Abuja that N117 billion will be spent to construct the second Niger Bridge. Onolememen made this known while defending the ministry’s budget before the Sen. Abdul...

  • Posted February 26, 2014
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  Driver’s licence: FRSC lays fibre optic cables to facilitate processing

  The Federal Road Safety Commission (FRSC) on Tuesday said that it had started laying fibre optic cables to hasten issuance of the new driver’s licence. The Lagos State Sector Commander of th FRSC, Mr Chidi Nkwonta, disclosed...

  • Posted February 26, 2014
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  Dangote to build cement factory in Congo

  Nigerian conglomerate Dangote Group is to build a cement factory in Yamba, southern Congo, in an investment worth 292.9 million dollars, its Chief Executive Officer, Aliko Dangote, announced on Tuesday. Dangote spoke after a meeting with Congolese...

  • Posted February 25, 2014
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  GNVC will produce 120,000 tonnes of groundnut worth N24bn – Adesina

  The Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, has said that the Groundnut Value Chain (GNVC) will produce 120,000 tonnes of groundnuts worth N24 billion to the sub-sector. Adesina said this at the inauguration of...

  • Posted February 25, 2014
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  Dangote requests for land for rice, sugarcane cultivation in Niger

  The Chairman of Dangote Group of Companies, Alhaji Aliko Dangote, has requested for a 50,000-hectare of land in Niger to enable the company to cultivate rice and sugarcane. He made the request on Friday in Minna when...

  • Posted February 22, 2014
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  NPA’s e-payment platform to begin March 3

  The Nigerian Ports Authority (NPA) said on Thursday a new automated payment platform, “PayDirect,” scheduled to take off on March 3, has been established for all port transactions. The Managing Director of NPA, Malam Habib Abdullahi, said...

  • Posted February 21, 2014
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  $20 missing funds: NPDC says it only received funds for capital, operational expenditure from the NNPC

  The Nigerian Petroleum Development Company (NPDC) on Thursday in Abuja said it only received funds to cover its capital and operational expenditure from the Nigerian National Petroleum Corporation (NNPC). Mr Victor Briggs, the Managing Director of NPDC,...

  • Posted February 21, 2014
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  Akwa Ibom to experience uninterrupted power supply soon – Akpabio’s aide

  Akwa Ibom would soon begin to experience uninterrupted power supply with the readiness of the Ibom Power Plant, a state government official has said. Dr Victor Udoh, Gov. Godswill Akpabio’s Senior Special Assistant on Power, made the...

  • Posted February 19, 2014
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  Capital Market operators blame CBN over market downturn

  Some capital market operators on Monday blamed the Central Bank of Nigeria (CBN) for the sustained price depreciation of listed equities at the nation’s bourse. Some of the operators, who spoke with the News Agency of Nigeria...

  • Posted February 17, 2014
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