Latest News
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Coscharis Motors gets Jaguar/Land Rover recognition
Jaguar Land Rover sub-Sahara Africa has given recognition to Coscharis Motors as the company’s importer of the year at an award night held in Mauritius. The Managing Director of the JLR SA and SSA, Mr. Richard Gouverneur,...
- Posted May 27, 2015
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Ford Explorer Platinum breaks interior record
Ford Motor Company aims to get the attention of premium vehicle buyers around the world as it introduces its Platinum Explorer as one of the five trims for the 2016 model year, with a record-breaking superb interior....
- Posted May 27, 2015
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CAC confers awards on nine organisations
The Corporate Affairs Commission has conferred Corporate Citizens Award on nine companies. A statement signed by the commission’s Director, Public Affairs, Churchill Williams, stated that Stanbic IBTC Bank Plc bagged the Most Extensive Compliance Award, while Access...
- Posted May 27, 2015
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Create jobs from solid minerals, BOI urges Osun
The Managing Director of the Bank of Industry Limited, Mr. Rasheed Olaoluwa, has called on the Osun State Government to explore solid minerals as well as opportunities available in agriculture to create jobs and boost the economy...
- Posted May 27, 2015
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NUPENG backs removal of subsidy
The Nigeria Union of Petroleum and Natural Gas Workers has reversed its position on petroleum products subsidy and has declared its support for its total removal. The union said that the subsidy funds should be channelled to...
- Posted May 27, 2015
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TUC condemns states for owing workers
The Trade Union Congress of Nigeria has condemned the refusal of some state governments to pay workers’ salaries for several months. In a communiqué issued at the end of its National Executive Committee meeting in Lagos, the...
- Posted May 27, 2015
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Nigeria’s Hotels.ng secures $1.2 million investment fund from international investors
Hotels.ng, Nigeria’s largest hotel booking website, has secured an investment of $1.2 million from international investors EchoVC Pan-Africa Fund, a seed-stage technology fund, and Omidyar Network, the investment vehicle of eBay founder Pierre Omidyar. The funding round...
- Posted May 26, 2015
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US stocks dip on 2015 rate hike
United States stocks finished last week lower in light pre-holiday trade after Federal Reserve Chair Janet Yellen said the plan to raise interest rates this year was on track, AFP reported. The Dow Jones Industrial Average dropped...
- Posted May 26, 2015
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Equities may start week on negative note
Capital market analysts have suggested that the equities market may witness a slowdown in activities this week, with stocks opening the week on a negative note. They, however, noted that the inauguration of Muhammadu Buhari as President...
- Posted May 26, 2015
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Lafarge Africa to pay N15.9bn dividend
Lafarge Africa Plc has received the approval of its shareholders to pay N15.855bn as dividend for the financial year ended December 31, 2014. The shareholders approved the dividend, recommended by the Board of Directors and which translates...
- Posted May 26, 2015
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Shareholders approve Dangote Sugar’s N4.8bn dividend
Shareholders of Dangote Sugar Refinery have approved the payment of N4.8bn dividend, which translates into 40 kobo per share, as dividend for the year ended December 31, 2014. The shareholders approved the dividend at the company’s 9th...
- Posted May 26, 2015
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Asset custodians seek more foreign investment
The Association of Assets Custodians of Nigeria has met with foreign investors in its bid to showcase investment opportunities in the Nigerian capital market. The association, which has over time stressed the need for more visibility for...
- Posted May 26, 2015
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Equities value drops by N41bn amid fuel crisis
The equities segment of the Nigerian Stock Exchange closed on a negative note on Monday with the main market indicators falling for the fifth straight trading session. The market capitalisation of the listed equities fell by N41bn...
- Posted May 26, 2015
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La Fayette MfB builds SMEs’ capacity
La Fayette Microfinance Bank, a member of Advans Group, an international microfinance institution, has said it is committed to the growth of the Small and Medium Enterprises and by extension the economy. The lender said this informed...
- Posted May 26, 2015