All posts by BusinessNews Staff

• 
  Guinness Nigeria Profit Rises 31%

  Guinness Nigeria Plc’s full-year net income through June rose 31 percent to 17.93 billion naira ($115 million) from 13.74 billion naira a year earlier, the company said in a statement e-mailed today by the Nigerian Stock Exchange....

  • Posted September 13, 2011
  • 2
• 
  Ecobank to buy 100 pct of Oceanic Bank

  Nigeria’s Oceanic Bank said on Monday it will transfer 100 percent of its share capital to pan-African lender Ecobank Transnational Incorporated (ETI) and merge its operations with ETI’s local unit in a bid to recapitalize ahead of...

  • Posted September 13, 2011
  • 0
• May & Baker appoints Ezekiel Odunlami Ibidapo and Gloria Ijeoma Odumodu as Directors

  MR Ezekiel Odunlami Ibidapo and Mrs. Gloria Ijeoma Odumodu, have been appointed members of the Board of Directors of May & Baker Nigeria Plc, Pharmaceutical giant. Mr. Ibidapo was appointed Executive Director in-charge of Pharmaceutical Manufacturing Operations...

  • Posted September 12, 2011
  • 0
• 
  Nigeria 2012 budget will be ready by Nov – Okonjo Iweala

  Nigeria 2012 budget will be ready by next month or in November this year, the Co-ordinating Minister of the economy and Minister of Finance Dr. Ngozi Okonjo-Iweala has said. Speaking with newsmen in Abuja yesterday, she said her ministry...

  • Posted September 12, 2011
  • 1
• 
  Dangote to establish Cement Plants in Gabon, Congo, Algeria and Tanzania

  Dangote Cement Plc is set to establish more  cement plants in some African countries, they are Gabon, Congo, Algeria and Tanzania. The construction of the planned cement plants, according to a statement, are to be undertaken by a...

  • Posted September 12, 2011
  • 0
• 
  FG to embark on massive rail projects – Idris Umar

  The Federal Government has concluded plans to embark  on  massive rail projects, including linking of the nation’s seaports and airports with rail services. Minister of Transport, Senator Idris Umar disclosed this   on the occasion of the  commemoration...

  • Posted September 11, 2011
  • 2
• 
  Lagos, Ogun, Akwa Ibom to Get Deep Seaports

  As part of the efforts to boost operations in the nation’s seaports, the Federal Government    plans  the development of green fields with the construction of  four deep sea ports. The states where the seaports will be developed ...

  • Posted September 11, 2011
  • 1
• 
  Gina Rinehart, Australia’s Richest Faces Legal Battle Vs Daughter

   She may own the biggest purse in Australia but mining billionaire seemed unable to quell the restiveness within the family as Gina Rinehart found out on Thursday that her daughter, Hope Rinehart Welker had filed a lawsuit...

  • Posted September 11, 2011
  • 0
• 
  Where Are The Jobs? – Nasir Ahmad El-Rufai [Opinion]

  Editor’s note: This guest post is written by Nasir Ahmad El-Rufai, a former Director General of The Bureau of Public Enterprises,  and also the former Minister of the Federal Capital Territory, Abuja. Today, Nigeria has about 90 million people who are willing...

  • Posted September 10, 2011
  • 1
• 
  Geo-Fluids Nigeria records N2.1bn turnover

  Geo-Fluids Plc has recorded a turnover of N2.1 billion in its financial year end, December 31 2010. Speaking during the firm’s pre-Annual General Meeting press conference in Lagos, Group Managing Director of the company, Dr Ala Ibanibo...

  • Posted September 9, 2011
  • 0