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All posts by BusinessNews Staff

  • CDL Declares N2.1 Billion Dividends

    The Consolidated Discount House Limited (CDL) Wednesday declared a total dividend payout of N2.1 billion to its shareholders in its financial year ended December 31, 2012. The discount house said the reward was in line with its...

    • Posted June 6, 2013
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  • NSE Market Capitalisation Hits 2008 Peak

    A three-day rally by the bulls saw the market capitalisation of the Nigerian Stock Exchange (NSE) hit its 2008 peak of N12.6 trillion yesterday just as year-to-date growth of the NSE All-Share Index stood at 40.5 per...

    • Posted June 6, 2013
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  • AIB releases report update on DANA crash

    Exactly one year after Dana Air crashed in Iju-Ishaga area of Lagos state, the Accident Investigative Bureau (AIB) on Tuesday said the airline and the Nigeria Civil Aviation Authority have begun the implementation of new safety recommendations....

    • Posted June 5, 2013
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  • MAN seeks introduction of single-digit interest rate on agricultural loans

    The President of the Manufacturers Association of Nigeria, Alhaji Bashir Borodo, has advocated for the introduction of a single-digit interest rate on agricultural loans to enhance growth in the sector. Borodo made the suggestion in an interview...

    • Posted June 5, 2013
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  • Airtel introduces Mobile Newspaper Service

    Leading telecommunications service provider, Airtel Nigeria, has introduced a new product which enables customers to receive pictures alongside instant news content while on the move. The product, known as ‘Mobile Newspaper Service’ is an improvement on the...

    • Posted June 5, 2013
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  • First Bank shuts operations Thursday, reopens Monday

    First Bank of Nigeria, will on Thursday start the upgrade of its core banking application from Finacle 7 to Finacle 10, which will ensure easier and faster customer services and experience. Our correspondent gathered that the decision...

    • Posted June 5, 2013
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  • Borno Government partners NIMASA on Marine Engineering

    The Borno state government has entered into partnership with Nigerian Maritime Administration and Safety Agency ,NIMASA,through the sponsorship of 25 of its indigenes selected across the 27 local government areas of the state to study seafarers and...

    • Posted June 4, 2013
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  • Brazilian investors boost FCT’s $1trn FDI drive

    Federal Capital Territory Administration (FCTA) to attract over $1 trillion worth of foreign direct investment (FDI) gained a boost as notable Brazilians investors have expressed interest in developing mono rail transport system, world class hospital, industrial park,...

    • Posted June 3, 2013
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  • Reps investigate illegal ATM deduction, as 1st quarter deduction hits over N8.6bn

    House of Representatives has concluded plans to investigate into various petitions bothering on wrongful withholding of customs monies through malfunctioning Automated Teller Machines (ATM). Central Bank of Nigeria (CBN) reportedly confirmed banks in Nigeria have defrauded unsuspecting...

    • Posted June 3, 2013
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  • Julius Berger, RCC to rehabilitate Lagos-Ibadan road with N150b

    There are strong indications that the Federal Government may award the contract for the full construction of the Lagos-Ibadan Expressway next month Daily Independent gathered from a top official of the Ministry of Works at its headquarters...

    • Posted June 3, 2013
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