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All posts by BusinessNews Staff

  • Kakawa Discount House declares N10.2b gross earnings in 2010

    FOR the year ended December 31, 2010, Kakawa Discount House has announced gross earnings of N10.2 billion, up by 62 per cent from N6.3 billion recorded in 2009. Also, total assets within the period increased by 33...

    • Posted March 22, 2011
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  • SEC seeks partnership with consumer council on investors’ protection

    AS part of strategies to consolidate on its investors’ protection initiatives, the Securities and Exchange Commission (SEC), has concluded plans to partner with the Consumer Protection Council (CPC). According to SEC, the development is expected to pave...

    • Posted March 22, 2011
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  • IEA, OPEC differ on economic threats of rising oil prices

    THE International Energy Agency (IEA) and Organisation of Petroleum Exporting countries (OPEC) have expressed divergent views on the current resurgence of oil prices. While IEA believed that the there is going to be a “marked slowdown” in...

    • Posted March 22, 2011
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  • Stakeholders seek early resolution of ‘trade alert’ contract crisis

    STAKEHOLDERS in the nation’s capital market have decried lingering controversy trailing the trade alert contract, stressing the need on the part of the Nigeria Stock Exchange (NSE) to ensure its early resolution. Already, the Independent Shareholders Association...

    • Posted March 22, 2011
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  • Japan’s economic slowdown temporary, says World Bank

    JAPAN’S devastating earthquake and tsunami will depress growth briefly before reconstruction kicks off and gives the beleaguered economy a boost, the World Bank said in a report yesterday. It was too early to make accurate estimates, the...

    • Posted March 22, 2011
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  • Expert seeks retention of current MPR

    AHEAD of tomorrow’s meeting of the Monetary Policy Committee (MPC), analysts have called on the Central Bank of Nigeria (CBN) to leave the Monetary Policy Rate (MPR) unchanged at 6.5 per cent, until broad-based macroeconomic stability has...

    • Posted March 22, 2011
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  • Govt extends deadline for supply of fertiliser for 2010 farming season

    THE Federal Government has approved a 45-day extension for contractors supplying it fertiliser for the 2010 farming season, to execute the contract. The new deadline to supply the fertiliser is April 14, instead of the original February...

    • Posted March 22, 2011
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  • Council to reposition agric sector for job creation, food security

    THE National Council on Agriculture is to review developments in the sector, with a view to repositioning it for improved job creation and enhanced national food security. The Permanent Secretary, Federal Ministry of Agriculture and Rural Development,...

    • Posted March 22, 2011
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  • School sues Bank PHB over loan facility

    A LAGOS-BASED school, The White Dove School, has instituted a case against Bank PHB before a Lagos High Court sitting in Igbosere over an alleged uncoordinated and unprofessional handling of N280 million loan facility the school borrowed...

    • Posted March 22, 2011
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  • Access Bank secures China EximBank’s $30m facility

    ACCESS Bank has been granted a $30 million (N4.5 billion) trade finance facility by the Export-Import Bank of China (China EximBank), which covers letters of credit and export credit guarantee. Access Bank’s strategic partnership with the China...

    • Posted March 22, 2011
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