All posts by BusinessNews Staff

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  Adesina presents cassava SCPZ to Wada as prospective investor inspects site

  Agriculture and Rural Development Minister Akinwumi Adesina has presented the Staple Crop Processing Zone (SCPZ) masterplan for cassava to Gov Idris Wada of Kogi as prospective investor also inspected the farm site. Speaking at the ceremony in...

  • Posted January 15, 2014
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  Customs redeploys 36 officers at Tin Can

  Thirty-six officers of the Nigeria Customs Service at the Tin Can Island Port in Lagos have been re-deployed for alleged roles in delay in releasing cargoes. A statement by the Customs command at the port on Monday...

  • Posted January 14, 2014
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  Investors trade 380.64 million shares on Monday

  Transactions at the Nigerian Stock Market on the first trading day ended with investors trading 380.64 million shares valued at N4.47 billion in 6,222 deals. This was in contrast with the 294.99 million shares worth N6.09 billion...

  • Posted January 13, 2014
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  NSE ASI inches up by 0.07% in five days

  The NSE All-Share Index inched up by 30.14 points or 0.07 percent within 5 days to close last week Friday at 41,480.62 basis points as against the preceding week’s closing figure of 41,450.48 basis points. The market...

  • Posted January 13, 2014
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  Indian auto giants to set up plants in Nigeria

  Two vehicle manufacturing companies from India, TATA and TVS Motor Company, on Friday indicated their interest to establish automotive plants in the country. This is contained in a statement issued in Abuja by the Principal Executive Officer...

  • Posted January 11, 2014
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  DMO to issue N90bn worth of bonds on January 15

  The Debt Management Office (DMO) says it will on Jan. 15 auction N90 billion worth of Federal Government bonds which will mature in 2016 and 2030. The DMO in its “January 2014 FGN Bond Circular” on its...

  • Posted January 11, 2014
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  lkeja DISCO warns workers over extortion

  The Management of the Ikeja Distribution Company (IKEDC) on Friday urged its customers to report any worker demanding payment for purchase of pre-paid meters or the repair of its equipment. This was contained in a statement issued...

  • Posted January 10, 2014
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  Exchange rate: Naira remains firm against the dollar, pound sterling

  The Nigerian currency, the Naira, on Friday traded on a stable platform against two major international currencies, the dollar and the pound sterling, as transactions ended for the week. The News Agency of Nigeria (NAN) reports that...

  • Posted January 10, 2014
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  Shareholders threaten to sue Cadbury over capital reduction

  Some shareholders on Friday threatened to sue Cadbury Nigeria Plc over the company’s plan to embark on share capital reduction. The shareholders, under the aegis of the Progressive Shareholders Association of Nigeria (PSAN), made the threat in...

  • Posted January 10, 2014
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  Oando to extend natural gas distribution in Lagos

  The Management of Oando Plc on Friday announced plans to extend its natural gas distribution network from Ijora to the Marina Central Business District of Lagos. Mr Bolaji Osunsanya, Chief Executive Officer of Oando Gas and Power...

  • Posted January 10, 2014
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