Don't Miss


Latest News

  • Nigerian banks not over-regulated – Oduoza

    The Group Managing Director/Chief Executive Officer of the United Bank for Africa (UBA) Group, Mr. Phillips Oduoza, has said that the perception that the Nigerian banking sector is over-regulated is not true, adding that the industry remains...

    • Posted May 13, 2016
    • 0
  • 60% women to benefit from CBN’s N220bn Empowerment Fund

    About 60% of Nigerian women are to benefit from the N220 billionloan scheme rolled out by the Central Bank of Nigeria to strengthen micro small and medium scale enterprises(MSME) in the country. A CBN official, Mr.Babatunde Ogunlaja...

    • Posted May 13, 2016
    • 0
  • Group urges farmers, miners to embrace railways

    Rail Connect Service has advised firms and individuals doing agribusiness, including farmers and nomads, to move their raw materials and products by rail, especially for long distance journeys, to reduce transportation cost and ensure maximum safety of...

    • Posted May 12, 2016
    • 0
  • Price hike speculation worsens fuel scarcity

    After a few days of relief, fuel queues grew longer at some filling stations in Lagos and Ogun states on Tuesday, as speculations about an imminent increase in the price of Premium Motor Spirit sparked panic buying....

    • Posted May 12, 2016
    • 0
  • We will ensure spending achieves maximum impact – Adeosun

    The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday said the Federal Government would tailor its spending to critical sectors of the economy that would create the needed impact on the well-being of the people. The minister...

    • Posted May 12, 2016
    • 0
  • Oil price rises on Nigeria attacks, others

    Global oil prices traded higher on Tuesday, buoyed by supply disruptions of 2.5 million barrels per day in some countries, including Nigeria and Canada. Brent crude, the global oil benchmark, rose by 1.59 per cent to $45.20...

    • Posted May 12, 2016
    • 0
  • AshakaCem independent power plant to gulp $100m

    The Chairman, AshakaCem Plc, a subsidiary of LafargeHolcim, Mr. Suleiman Yahyah, on Tuesday said the company’s new independent power plant, presently under construction will gulp $100 million for its completion. The ongoing project expected to meet the...

    • Posted May 12, 2016
    • 0
  • Julius Berger appoints Mutiu Sunmonu as chairman

    Julius Berger Nigeria Plc, the country’s foremost engineering construction company, which recently announced a strategic change of guard at the topmost echelon of its board of directors last Wednesday in Abuja, formally unveiled its new Chairman, Mr....

    • Posted May 12, 2016
    • 0
  • Fuel subsidy: It’s time for difficult decisions – Osinbajo

    Ahead of the federal government’s announcement on the removal of subsidy on petrol, Vice-President Yemi Osinbajo has said that the government will have to take tough decisions on the desirability of retaining fuel subsidies, adding that it...

    • Posted May 12, 2016
    • 0
  • LCCI expresses worry over neglect of non-oil economy

    The Lagos Chamber of Commerce and Industry ( LCCI) has decried the continued neglect of the nation’s non-oil sector, noting that Nigeria, blessed with abundant deposits of solid minerals, has competitive and comparative advantage in its non-oil...

    • Posted May 12, 2016
    • 0
  • FG unfolds budget details, implementation plan Thursday

    The Federal Government will on Thursday make public the details of the 2016 budget signed into law by President Muhammadu Buhari last Friday. Also to be made public is the budget’s strategic and implementation plan. According to...

    • Posted May 11, 2016
    • 0
  • Stock market gains N44bn

    The Nigerian capital market on Monday continued its gaining spree two sessions into the signing of the budget into law by President Muhammadu Buhari. The Nigerian Stock Exchange market capaitalisation rose by N44bn to close at N8.884tn...

    • Posted May 11, 2016
    • 0
  • Transcorp completes N30bn bond issuance for expansion

    Transcorp Hotels Plc says it has completed tranches 1 and 2 of its N30bn bond issuance programme, which is intended to fund the upgrade of Transcorp Hilton Abuja and the development of a multipurpose banquet centre. According...

    • Posted May 11, 2016
    • 0
  • Marketers stockpile petrol over possible price increase

    Oil marketers resorted to stockpiling Premium Motor Spirit, otherwise known as petrol, as rumours of an imminent increase in the pump price of the commodity spread on Monday. Our correspondent gathered that many of the marketers doubled...

    • Posted May 11, 2016
    • 0