Latest News

• FCTA Awards N10bn Contract for Satellite Roads

  The Federal Capital Territory Administration (FCTA) has awarded contracts valued at about N10 billion for road construction in the six area councils in the FCT.  Minister of FCT, Senator Bala Mohammed, disclosed this while addressing Peoples Democratic Party...

  • Posted March 27, 2011
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• UN: Africa’s Urbanisation Faster than Water

  The United Nations has revealed that the number of people without access to adequate water and sanitation facilities in Africa has risen swiftly in recent decades as the continent’s rapid urbanisation outpaced its capacity to provide the...

  • Posted March 27, 2011
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• ‘Chinese Investments Boost Nigerian Economy’

  A trader has said the establishment of the China market has helped to attract Chinese investments to Nigeria. General Manager, Ojota China Market, Mr. Julius Solomon made this remark while speaking with newsmen as part of the activities...

  • Posted March 27, 2011
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• NASSI to Launch Loans for Member Firms

  The Nigerian Association of Small Scale Industrialists (NASSI) is set to launch a Guarantee scheme of its member firms.   The President of the body, Mr Chuku  Wachuku, who made the disclosure in Lagos Wednesday said the programme...

  • Posted March 27, 2011
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• CBN, Credit Bureaux Plan Identification Scheme

  As part of efforts aimed at enhancing the flow of credit in the country, the Central Bank of Nigeria (CBN) and operators of Credit Bureaux in the country are considering the introduction of a unique means of identification...

  • Posted March 27, 2011
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• Equities Regain N301bn in Four Days

  Nigerian equities sustained their positive run at the stock market for the fourth day Wednesday, recovering N301 billion in the process. The market, which witnessed an unprecedented bear run recently began  its recovery last Friday. Operators had attributed the...

  • Posted March 27, 2011
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• Gulder To Reward Consumers Through National Promo

  GULDER Lager beer, a leading beer brand manufactured by Nigerian Breweries (NB) Plc, is set to reward its loyal consumers through a national consumer promo. With the promo, consumers stand the chance of winning 24 brand new...

  • Posted March 27, 2011
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• CBN Tightens Noose Against Naira Depreciation

  The Central Bank of Nigeria (CBN) Wednesday  adopted new measures aimed at protecting the naira, Nigeria’s local currency against exchange rate risk exposure with the implementation of Wholesale Dutch Auction System Forwards (WDAS-FWD). The regulator disclosed this...

  • Posted March 26, 2011
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• 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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