Don't Miss


Latest News

  • Naira drops to 226.5 on new forex rules

    The naira fell to 226.5 on Monday against the United States dollar at the parallel market. The development mean the local currency has lost about 2.8 per cent of its value against the dollar since Wednesday when...

    • Posted July 1, 2015
    • 0
  • Nigerian stockbrokers should aim to operate globally – Expert

    A United States-based stockbroker, Mr. Tayo Shebanjo, has urged Nigerian stockbrokers to develop and equip themselves to operate at the highest level by adopting global best practices, among other things, in their activities. Shebanjo, who operated in...

    • Posted July 1, 2015
    • 0
  • Exporters get N107.4bn loan from NEXIM Bank

    The Nigerian Export Import Bank on Monday said it had given a total loan of N107.48bn within the last 24 years to Nigerian exporters. The Managing Director, NEXIM Bank, Mr. Robert Orya, gave the figure in Abuja...

    • Posted July 1, 2015
    • 0
  • Airtel introduces name tune service

    Airtel Nigeria has introduced two smart services – Airtel Name Tune and the Caller Ring Back Tunes. The Name Tune will avail subscribers the opportunity for their phone calls to be formatted as though picked up by...

    • Posted July 1, 2015
    • 0
  • DPR alerts oil marketers of imposters

    The Department of Petroleum Resources (DPR) has disclosed that its regulatory integrity is currently being threatened by activities of persons who now parade themselves as officials of the agency to extort and defraud operators of filling stations...

    • Posted July 1, 2015
    • 0
  • How to prevent crisis which crippled banks in 2009 – Umaru Ibrahim

    The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has said devoting greater attention to sound corporate governance practices would be handy, preventing the kind of systemic crisis which rocked the banking sector in...

    • Posted June 30, 2015
    • 0
  • Labour demands prosecution of oil marketers indicted for subsidy fraud

    Organised labour in Nigeria has called on President Muhammadu Buhari to prosecute all the oil marketers indicted for various subsidy infractions. It also reiterated its opposition to the removal of fuel subsidy. In a joint statement signed...

    • Posted June 30, 2015
    • 0
  • Banks may deny 14.6 million customers services by Wednesday

    Barring any last minute extension by the Bankers’ Committee of the Central Bank of Nigeria, Deposit Money Banks will on Wednesday start to deny about 14.6 million customers from enjoying banking services over their failure to obtain...

    • Posted June 30, 2015
    • 0
  • SPDC JV’s Afam VI delivers 20million MWh electricity into national grid

    Shell’s Afam VI Power Plant in Rivers State has delivered over 20 million Megawatt-hour (MWh) of electricity into the Nigerian grid between its inauguration in 2008 and June 2015, thereby consolidating its position as a leading contributor...

    • Posted June 30, 2015
    • 0
  • Legacy Equity Fund records N115m gross income, N93m profit

    The Legacy Equity Fund, unit trust scheme managed by First City Asset Management Limited, recorded gross income of N115.20 million and net profit of N92.81 million for 2014 financial year. A further analysis of the performance of...

    • Posted June 30, 2015
    • 0
  • Allow illegal refineries to operate – Stakeholders urge FG

    Stakeholders in the Nigerian oil and gas industry have urged the President Muhammadu Buhari-led administration to encourage more private sector players in the setting up and operation of new refineries across the country. As part of the...

    • Posted June 30, 2015
    • 0
  • Ondo, Korean firm to build 550MW power plant

    The Ondo State Government and a Korean firm, Kingline Development Limited, have concluded plans to boost industrialisation in the state with the construction of a 550-megawatts power plant valued at $500m (N99bn). The Chief Business Development Officer,...

    • Posted June 30, 2015
    • 0
  • ISSAN waits on Buhari to implement cybercrime law

    the Information Security Society of Africa-Nigeria says it is waiting “anxiously” on President Muhammadu Buhari to implement the cybercrime law, given his antecedents and tough posture on corruption and other crimes. The society stated that law, if...

    • Posted June 30, 2015
    • 0
  • Commercial real estate development attracts N400bn investment

    As a sign of the increasing potential of the Nigerian economy and its attractiveness to global players, developers are expected to invest close to N400bn in the development of luxury office accommodation across the country between now...

    • Posted June 30, 2015
    • 0