Latest News

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  Total Nigeria’s N3.78bn dividend excites shareholders

  Excited shareholders of Total Nigeria Plc have commended the  board and management of  the petroleum products marketing firm for the  N3.779 billion dividend paid for  the 2014 financial year. The shareholders also other strategic initiatives being undertaken...

  • Posted June 13, 2015
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  Multinationals take over non-oil exports from local operators

  The non-oil export sector, once dominated by indigenous operators during the oil boom, has become attractive to big multinational companies as more and more of them have gone into the sector. The result is that most indigenous...

  • Posted June 13, 2015
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  UBA gets reward for social infrastructure investment

  United Bank for Africa Plc has won the Africa Investor Social Infrastructure Deal of the Year award in recognition of its investment in infrastructure development. The Ai Infrastructure Investment Awards recognises achievements across the main infrastructure sectors...

  • Posted June 13, 2015
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  Ex-CBN Governor, Sanusi joins Blackstone

  The Emir of Kano and former Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, has been appointed as the Chairman of the Board of Directors of Blackstone’s portfolio company, Black Rhino. Blackstone, a global investment...

  • Posted June 13, 2015
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  Bank stocks help NSE index end three-day slide

  The equities segment of the Nigerian Stock Exchange closed higher on Thursday after 16 stocks recorded price appreciation, eight of which were bank shares. Although 24 other stocks recorded price depreciation, Thursday’s gains were enough to lift...

  • Posted June 13, 2015
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  PH Refinery to supply 5 million litres of fuel per day from July

  The Nigerian National Petroleum Corporation (NNPC) yesterday announced that the Port Harcourt refinery, which will resume production  from early July, would seek to bridge the country’s daily domestic fuel supply and consumption by producing five million litres...

  • Posted June 13, 2015
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  BoI, Taraba seal N700m MSMEs financing pact

  The Bank of Industry and the Taraba State Government on Wednesday signed a Memorandum of Understanding for the establishment of a N700m Micro, Small and Medium-scale Enterprises Development Fund. The pact, which was sealed in Abuja, saw...

  • Posted June 12, 2015
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  House of the Week: An exquisite block of flats for rent at Ikoyi, Lagos

  This week, our featured property is an exquisite and tastefully finished block of flats for rent at Ikoyi, Lagos. This luxurious apartment building comprises 52 units of 3 bedroom flats. The interior of this awesome building features...

  • Posted June 12, 2015
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  CSO cautions Buhari on fuel subsidy removal

  The Conscience Nigeria, a Civil Society Organisation (CSO) focused on good governance, has warned President Muhammadu Buhari not to heed the advice by some stakeholders to implement total removal of subsidy and deregulation of the downstream sector....

  • Posted June 12, 2015
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  Jaiz Bank posts N158million profit

  Jaiz Bank Plc on Wednesday declared a profit of N158 million for the 2014 financial year. It is the first time the firm would announce significant investment gains since it began operations in 2012. Speaking in Abuja...

  • Posted June 12, 2015
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  CBN guarantees 224 projects for farmers through NIRSAL

  The Nigeria Incentive-Based Risk Sharing Agricultural Lending (NIRSAL) said it had guaranteed 224 projects for farmers  worth N53 billion in the last two and half years. NIRSAL, an initiative of the Central Bank of Nigeria (CBN), the...

  • Posted June 12, 2015
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  African Standards Body moves to promote economic integration

  Ahead of the President’s forum of the African Organisation for Standardisation (ARSO), leaders of African Standards bodies have concluded plans to explore issues as well as frameworks within their mandate to drive economic integration in the continent....

  • Posted June 12, 2015
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  Car sales drop as prices rise by 20%

  Automobile dealers in Nigeria are bracing for a dip in vehicle sales for the rest of the year as indications have emerged that many of them may not meet their targets for 2015, no thanks to an...

  • Posted June 12, 2015
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  Economy created 469,070 jobs in Q1 – NBS

  Between January and March this year, 469,070 jobs were created in various sectors of the Nigerian economy, figures released by the National Bureau of Statistics on Wednesday indicated. The 469,070 jobs created in the first quarter of...

  • Posted June 12, 2015
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