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All posts by BusinessNews Staff

  • NSE Market Capitalisation Increases By N121bn

    Transactions on the Nigerian Stock Exchange (NSE) maintained the upbeat trend for the second consecutive day on Tuesday with the market capitalisation appreciating by N121 billion. The News Agency of Nigeria (NAN) reports that the market capitalisation,...

    • Posted February 6, 2013
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  • Pirates Kill 3 JTF Soldiers, Ex-Naval Officer In Bayelsa

    A retired Naval Officer and three serving personnel of the Joint Military Task Force were, yesterday, shot dead in an early morning ambush mounted by suspected sea pirates along the Angiama-Etelibiri waterways of Sagbama Local Government area...

    • Posted February 6, 2013
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  • Fayemi is starving local government of funds – PDP

    The Peoples Democratic Party (PDP) in Ekiti State has blamed the inability of local governments in the state to complete their five-kilometre road projects on what is said was “the stifling of the local governments of funds...

    • Posted February 6, 2013
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  • SURE-P spent N70b last year – Kolade

    The Chairman of the Subsidy Reinvestment Empowerment Projects (SURE-P) Committee, Dr. Christopher Kolade, yesterday said the work of his committee is not duplicating the activities of other Ministries, Departments and Agencies (MDAs). He said this when he...

    • Posted February 6, 2013
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  • Port Harcourt Refinery Rebounds with 17m Litres Per Day

    The Nigerian National Petroleum Corporation (NNPC) has recorded initial successes in the expected rehabilitation and upgrade of the 210, 000 barrels per day plant of the Port Harcourt Refinery Company (PHRC), with the fixing of the Nitrogen...

    • Posted February 5, 2013
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  • Savannah Sugar Acquisition Lifts Dangote Sugar’s Share Price

    Shares in Dangote Sugar Refinery (DSR) Plc closed firmer yesterday as investors reacted positively to the company’s acquisition of 95 per cent stake in Savannah Sugar Company Limited (SSC), which is expected to boost the revenue of...

    • Posted February 5, 2013
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  • UBA Introduces MasterCard for Domiciliary Accounts

    As part of its support for the Central Bank of Nigeria’s (CBN’s) cashless policy, United Bank for Africa (UBA) Plc Monday said it had added MasterCard for domiciliary accounts to its bouquet of electronic products. A statement...

    • Posted February 5, 2013
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  • Lagos to get cable car mass transit system by 2015

    For the first time in the history of Nigeria, a cable car company, Ropeways Transport Limited, is set to launch a cable car mass urban transit system in the nation’s commercial capital, Lagos. This followed the signing...

    • Posted February 4, 2013
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  • Contractors abandon N800m schools’ projects in Benue

    Benue state Commissioner for Science and Technology, Mr Godwin Adah, said contractors have abandoned over N800 million science and technical schools’ projects in Anyiin and Otukpa areas of the state. The commissioner said this on Friday in...

    • Posted February 2, 2013
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  • BlackBerry Z10, Q10 announced [Photos]

    RIM has officially announced it’s first BlackBerry 10 devices. See Photos:

    • Posted January 30, 2013
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