All posts by BusinessNews Staff

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  Alleged N4.7bn fraud: Court adjourns Babalakin’s case to November 27

  The trial of Wale Babalakin, the Chairman, Bi-Courtney Ltd., charged with transferring N4.7 billion on behalf of convicted former Delta Governor, James Ibori, was on Thursday in Lagos adjourned to Nov. 27. The adjournment followed the reassignment...

  • Posted October 31, 2013
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  CNS says oil theft is on the decline

  The Chief of Naval Staff (CNS ), Vice Adm. Dele Ezeoba, on Thursday said that the war on crude oil theft was yielding results, with a general decline. Ezeoba, in a keynote address at the Naval Information...

  • Posted October 31, 2013
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  FCMB Group declares N14.7bn profit in 2013 Q3

  FCMB Group Plc, the holding company of First City Monument Bank and its subsidiaries, has declared a Profit before tax, (PBT) of N14.7 billion for the third quarter nine-month period ended September 30, 2013. The Group’s financial...

  • Posted October 31, 2013
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  Investors trade 569.49 million shares on Wednesday

  Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Wednesday with investors trading 569.49 million shares worth N3.54 billion in 5,039 deals. This was in contrast to the 294.42 million shares valued at N3.21...

  • Posted October 30, 2013
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  Customs wants cargo facilities at Akanu Ibiam Airport

  Nigeria Customs Service has urged the South-East governments to make concerted efforts to ensure the establishment of cargo facilities at Akanu Ibiam International Airport, Enugu. The Comptroller of Customs in Enugu State, Mr Mohammed Abbas, made the...

  • Posted October 30, 2013
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  MainOne builds largest Tier 3 Data Centre in West Africa

  October 30, 2013: Lagos, Nigeria. MainOne, the first privately-owned subsea cable in West Africa has blazed the trail with the construction of a new Tier III + Data centre. The plan for the MainOne Data Centre, the...

  • Posted October 30, 2013
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  Governor Fashola presents N489.7bn budget estimates for 2014 to Lagos Assembly

  The Lagos State Gov., Mr Babatunde Fashola, on Wednesday presented budget estimates of N489.7 billion for the year 2014 to the State House of Assembly. The News Agency of Nigeria (NAN) reports that the budget was about...

  • Posted October 30, 2013
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  PAN MD advocates total ban on vehicles importation

  Mr Ibrahim Boyi, the Managing Director, Peugeot Automobile of Nigeria (PAN), has called on the Federal Government to ban importation of cars into the country. Boyi made the call in an interview with the News Agency of...

  • Posted October 30, 2013
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  Africa’s Ecobank chairman to stand down after governance allegations

  Ecobank (ETI) said on Wednesday its chairman Kolapo Lawson will stand down with immediate effect in a bid to restore confidence in a bank rocked by governance issues. Ecobank has seen its image take a hit from...

  • Posted October 30, 2013
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  Bayelsa Government to introduce workers biometric attendance register

  The Bayelsa Government on Wednesday said it would introduce an Automated Biometrics Attendance Register (ABAR) for workers in the eight local government areas. The state Commissioner for Local Government and Community Development, Mr James Dugo, announced this...

  • Posted October 30, 2013
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