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All posts by BusinessNews Staff

  • FG to begin inspection of power projects

    … Only 40 of 491 projects completed The Federal Government is to begin an inspection of all power projects site across the country from this March, warning that it might sanction contractors found to be delaying in...

    • Posted March 5, 2013
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  • Uduaghan signs N472b 2013 budget

    Governor Emmanuel Uduaghan, Monday, signed the Delta State 2013 Appropriation Bill into law with a vow to weed out ghost workers and unqualified staff from the civil service system. Dr. Uduaghan signed the total budget size of...

    • Posted March 5, 2013
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  • First Registrars introduces e-voting at AGM

    First Registrars Nigeria Limited has introduced an electronic tele-voting device for casting of votes electronically with little or no human intervention during Polls. The new innovation was showcased at the Honeywell Flour Mills Plc Extra-Ordinary yearly meeting...

    • Posted March 5, 2013
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  • NSE’s market capitalisation slides further by N76bn

    Transaction on the Nigerian Stock Exchange re-opened on a downward note yesterday, following price losses incurred by virtually all the highly capitalized companies, as market capitalization slide by N76 billion. Similarly, volume of shares traded also dropped...

    • Posted March 5, 2013
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  • Oil spills: Shell agrees to complete remediation of sites

    Anglo-Dutch oil giants, Shell Petroleum Development Company, SPDC, has agreed to complete the remediation of oil spill sites created by the operations of the company in Ejama and Bomu areas of the state. This was revealed in...

    • Posted March 5, 2013
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  • Forbes’ World’s Richest: Aliko Dangote now number 43

    Two Nigerian billionaires have retained their presence in the Forbes’ list of the world’s richest in the latest list of about 1,500 billionaires. Dangote Group of Companies President, Aliko Dangote is number 43, moving up from 76...

    • Posted March 5, 2013
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  • Brokers appoint principal officers

    In a bid to enhance the profile of the Nigerian Council of Registered Insurance Brokers (NCRIB) and position it to play strategic roles in the nation’s insurance sector, the Council has employed the following staff and promoted...

    • Posted March 4, 2013
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  • AMCON moves against Fiogret’s assets, appoints receiver/manager

    The Asset Management of Nigeria said on Friday it had appointed a receiver/manager over “the entire undertakings, stocks, goodwill, plant and machinery, moveable and fixed assets” of Fiogret Limited. It said in a statement that its decision...

    • Posted March 4, 2013
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  • 14-Storey Bank Sructure Unlawful – Braithwaite

    LAGOS lawyer and politician, Dr. Tunji Braithwaite, has declared as illegal the 14-storey building and five-level car park being constructed close to his residence on Victoria Island by the Standard Chartered Bank of Nigeria Limited. Braithwaite’s declaration...

    • Posted March 4, 2013
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  • No going back on Ladipo clean up – Fashola

    Lagos State Governor Babatunde Fashola, yesterday inspected the shut Auto Spare-parts Market, Ladipo, in Mushin Local Government Area of the state, declaring that the government would reopen it once the traders spearhead a clean-up exercise. The governor...

    • Posted March 4, 2013
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