Latest News

• Fed Govt exports 60,000 tons of natural rubber yearly

  Nigeria has increased its production capacity of natural rubber by 2.5 per cent and now exports 60,000 tons of natural rubber annually. This is to bring production capacity to what it was in the sixties. The Permanent...

  • Posted March 26, 2011
  • 0
• CBN sells $16.6m at First Currency Forwards Auction

  The Central Bank of Nigeria (CBN) sold $16.6 million at its first foreign-exchange forward auction yesterday where only one commercial bank participated, the apex bank said. The apex bank met the lender’s demand for $10 million due...

  • Posted March 26, 2011
  • 0
• FAO predicts rise in global wheat production

  Food and Agriculture Organisation(FAO)’s first forecast for world wheat production for the year stands at 676 million tonnes, representing a growth of 3.4 per cent from 2010, the March 2011 edition of the Crop Prospects and Food...

  • Posted March 26, 2011
  • 0
• Apathy, as investors trade 30 securities

  In a rare show of apathy to equities’ investment, investors have traded strongly in 30 out of over 100 securities listed on the floor of the Exchange. This was captured in the Businessday/Afrinvest 30 Index launched yesterday...

  • Posted March 26, 2011
  • 0
• BOI, Dangote fund: Operators want more institutions involved

  Operators in the real sector, most especially the Small Medium Enterprises, have said that in the spirit of transparency, more financial institutes should be involved in the granting of the N5 billion loan recently signed by Dangote...

  • Posted March 26, 2011
  • 0
• Independent oil marketers pull out from NIPCO

  The Independent Petroleum Products Marketers Association of Nigeria (IPMAN) yesterday in Lagos formally pulled out from its jointly owned company, Nigerian Independent Petroleum Company (NIPCO) and signed a memorandum of understanding (MoU) with Capital Oil and Gas...

  • Posted March 26, 2011
  • 0
• ‘Small scale enterprises can drive the economy’

  What is the role of small and medium-sized enterprises in the  economy and how can their prospects be boosted? Mr. Eric Idogun, a public administrator, in an attempt to answer the question, speaks  about SMEs important role. ...

  • Posted March 26, 2011
  • 0
• Apple’s iPad 2 hits overseas stores after U.S. sellout

  Hundreds of customers lined up outside Apple stores in Australia and New Zealand on Friday for the international launch of the iPad 2, which has flown off the shelves in the United States leaving the company struggling...

  • Posted March 25, 2011
  • 0
• Nigeria’s market evades Japan’s automobile supply crisis

  AS Japan continues to count the cost of its losses to the recent disaster in the country, Nigeria’s automobile market may have been immuned from the concomitant vehicle supply crisis from the Far East Asian country. Reason:...

  • Posted March 25, 2011
  • 0
• Afren acquires 74 per cent stake in Tanzanian oil bloc

  AFREN Plc, yesterday, announced the acquisition of a 74 per cent working interest in the Tanga Block, located onshore and offshore Tanzania, from Petrodel Resources Limited. Afren, an indigenous oil company quoted on the London Stock Exchange,...

  • Posted March 25, 2011
  • 0
• Govt laments low fertilizer disbursement rate

  THE Federal Government has expressed displeasure over the low disbursement of fertilizers in the all the 36 states and the FCT for the year ended 2010. This is coming at heels of a report that Nigeria was...

  • Posted March 25, 2011
  • 0
• Fan Milk to inject N2b on facility upgrade

  FAN Milk Plc has unveiled plans to invest N2 billion to boost production capacity in 2011. The company also plans to construct a new mixing section to ensure that a daily capacity of 200,000 litres can be...

  • Posted March 25, 2011
  • 0
• Court adjourns trial of Chinese firm over alleged breach of contract

  A LAGOS State High Court has adjourned trial on the suit brought by an indigenous Nigerian company, Michonest Solutions International Limited against a Chinese firm, Gaoxinqi Nigeria Limited and a Chinese national, Mr. Frank Ysihai over supply...

  • Posted March 25, 2011
  • 0
• Western Union launches new payment technology

  THE Western Union Company has announced the official launch of its PIN Pad technology across all of its agents in the country. The new feature will provide additional security for all users of Western Union in Nigeria....

  • Posted March 25, 2011
  • 0