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All posts by BusinessNews Staff

  • Starcomms Moves to Acquire Telkom Multi-links.

    Nigerian Code Multiple Division Access CDMA operator, Starcomms,  is negotiating to close a deal that will enable it acquire the troubled Telkom Multi-links. THISDAY gathered that the deal was nearing completion but was being hampered bycost of...

    • Posted March 26, 2011
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  • Fidelity Introduces Finance Support Scheme

    Fidelity Bank Plc has rolled out an interventionist product that is intended to provide a solid financial backbone for effective medical practice in Nigeria and restore confidence into the nation’s healthcare delivery system. The product, aptly called,...

    • Posted March 26, 2011
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  • Regulatory Commission Cautions on PPP Programme

    The Director-General of the Infrastructure Concession Regulatory Commission  (ICRC), Engr. Mansur Ahmed, has warned that Nigeria’s Public and Private Partnership (PPP) transactions may be prone to failure if the financial modelling competencies of finance and accounting professionals...

    • Posted March 26, 2011
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  • Cabotage Fund Rises by N13bn

    The Cabotage Vessel Financing Fund (CVFF) is now N13 billion richer, the Minister of Transport, Alhaji Yusuf Suleiman has said. CVFF was initiated by the Federal Government to ensure the active participation of Nigerians in inland and...

    • Posted March 26, 2011
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  • Products Supply: IPMAN Signs MoU with Capital Oil

    Independent Petroleum Marketers Association of Nigeria (IPMAN) has signed a Memorandum of Understanding (MoU) with Capital Oil and Gas Industries, a leading player in the Nigerian downstream petroleum industry for supply and distribution of petroleum products. The...

    • Posted March 26, 2011
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  • Volume Fall as Bears Return

    Volume and value of trading fell Thursday as the bears regained control of the market from the bulls after four days. Investors traded 176.575 million shares valued at N1.486 billion in 6,882 deals yesterday compared with 280.013...

    • Posted March 26, 2011
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  • Gas Flare: Oil Firms Deny Investors Access to Sites

    Efforts by the Federal Government to stop gas flare by utilising associated gas from oil fields for power generation and thereby ending decades of environmental pollution in the Niger Delta may have reached a dead end. It...

    • Posted March 26, 2011
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  • Naira Slide Attributed to Capital Outflow

    Renaissance Capital Group (RenCap) has attributed the drop in the value of the naira, Nigeria’s local currency against the US dollar in recent times to capital outflow from the Nigerian economy. The international Investment and Financial management...

    • Posted March 26, 2011
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  • UK property scene Luxury-Home Prices Rise in London Advance Before Sales-Tax Increase

    UK property scene Luxury-Home Prices Rise  in London Advance Before Sales-Tax Increase London luxury-home prices rose at the fastest rate in a year in the first quarter as overseas buyers vied for trophy properties in the city...

    • Posted March 26, 2011
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  • FAAN Constructs Perimeter Fencing for Eight Airports

    The Federal Airports Authority of Nigeria (FAAN) has embarked on the construction of perimeter and operational fences of eight airports in the country. The managing Director of FAAN, Mr. Richard Aisuebeogun said that most of the constructions...

    • Posted March 26, 2011
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