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  • May & Baker to pay N49m dividend

    May & Baker Nigeria Plc on Thursday received the approval of its shareholders to pay N49m dividend for the financial year ended December 31, 2014. The company got the approval of the shareholders to pay the dividend,...

    • Posted May 30, 2015
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  • Manufacturers worry about falling naira value

    The continued decline in the purchasing power of the naira has been a major concern for manufacturers nationwide. According to a statement from the Manufacturers Association of Nigeria on the implications of the current economic situation on...

    • Posted May 30, 2015
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  • LCCI hosts first Information Communication expo

    The Lagos Chamber of Commerce and Industry recently hosted the first edition of the Information Communication Technology and telecommunications expo. In his opening speech at the event, the President, Lagos Chamber of Commerce and Industry, Mr. Remi...

    • Posted May 30, 2015
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  • Power: Our last few days disastrous – Nebo

    The immediate past Minister of Power, Prof. Chinedu Nebo, has described as disastrous the power situation across the country, particularly toward the end of his tenure. Nebo, who profusely lamented the spate of vandalism of gas pipelines...

    • Posted May 30, 2015
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  • FBN advises students on savings, investment culture

    In line with the Central Bank of Nigeria (CBN’s) financial inclusion strategy, First Bank of Nigeria (FBN) Limited has urged students to inculcate the culture and habit of savings and investment to guarantee their economically sound future....

    • Posted May 30, 2015
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  • Fuel Scarcity: Frozen foods worth N10 million destroyed in Ijora

    Frozen food traders at the Ijora-Olopa area of Lagos on Wednesday said that they lost various food items worth N10 million between May 23 and May 25, following the lingering national energy crisis. According to the traders,...

    • Posted May 28, 2015
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  • Ciroma resigns as NIWA’s MD

    The Managing Director of the National inland Waterways Authority (NIWA), Inna Ciroma, on Wednesday tendered her resignation letter, with effect from May 28, a statement has said. The statement signed by Tayo Fadile, the authority’s General Manager,...

    • Posted May 28, 2015
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  • PENGASSAN, NUPENG threaten strike if OML divestment not reversed

    The Petroleum and Natural Gas Senior Staff Association (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), on Wednesday, warned that due process must be followed in the divestment of Oil Mining Licences (OML)...

    • Posted May 28, 2015
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  • FirstBank GMD Onasanya bows out December

    Bisi Onasanya, the group managing director/Chief Executive Officer of the First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc, is set to retire at a high point of his career after completing his tenure at...

    • Posted May 28, 2015
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  • Jonathan signs controversial bill for two power regulators

    Word leaked last night from the seat of government in Aso Rock, Abuja, that President Goodluck Jonathan has given his assent to the controversial bill creating two parallel regulating bodies for the recently privatised power sector, raising...

    • Posted May 28, 2015
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  • Hasty international divestments confirmed oil sector lost its allure

    Diezani Alison-Madueke, the outgoing oil minister, loves to put a brave face on the unprecedented divestments from Nigerian assets by international oil majors, often characterising them as a chance for indigenous firms to grow, and a triumph...

    • Posted May 28, 2015
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  • Portland Paints to expand operations for growth

    Portland Paints and Products Nigeria Plc has unveiled plans to expand its operations for better returns. The Chairman, Portland Paints and Products, Mr. Larry Ettah, spoke about the plans at the company’s Annual General Meeting in Lagos...

    • Posted May 27, 2015
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  • Elumelu seeks economic growth in Nigeria, others

    African business leaders need to make decisions that will increase economic and social wealth, and promote development in the communities and nations in which they operate, the Chairman, Heirs Holdings, Mr. Tony Elumelu, has said. Elumelu, in...

    • Posted May 27, 2015
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  • Deutsche Bank fined for misstating value of derivatives

    The Securities and Exchange Commission said on Tuesday that Deutsche Bank made material misstatements about a giant derivatives portfolio, inflating its value at the height of the finanical crisis. Financial Times reported that the bank failed to...

    • Posted May 27, 2015
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