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  • Ecobank chairman assures shareholders of greater returns

    The Chairman, Ecobank Transnational Incorporated, Mr. Emmanuel Ikazoboh, has reiterated the commitment of the group to sustained growth, assuring the shareholders of greater returns. “Through our board, management and staff, we have an unparalleled passion and commitment...

    • Posted May 23, 2015
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  • NSE index falls further

    The equities market closed on a negative note for the third straight session on Thursday as investor optimism continued to wane. The Nigerian Stock Exchange’s benchmark index, the All-Share Index, closed lower, shedding 73.7 basis points or...

    • Posted May 23, 2015
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  • Banks to surpass Q1 positive outlook on back of new CRR policy

    Banks’ stellar performance in their first quarter outing despite headwinds may be consolidated and improved upon by the recent harmonisation of Cash Reserve Ratio (CRR) by the Central Bank of Nigeria, (CBN) analysts have said. With cumulative...

    • Posted May 23, 2015
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  • Nigeria benefits $20bn FDI in 3 years

    Olusegun Aganga, minister of industry, trade and investment, said Nigeria benefited $20 billion of Foreign Direct Investment (FDI) in the last three years, making it Africa’s top destination for investment. Aganga said this at the public presentation...

    • Posted May 23, 2015
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  • Stanbic IBTC Bank, Spanish institution sign finance deal

    Stanbic IBTC Bank and a leading business school in Spain, IE Business School, have signed a direct financing agreement to help people acquire relevant skills in entrepreneurship. A statement by the bank on Wednesday said the parties...

    • Posted May 23, 2015
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  • Nigeria’s GZ Industries to buy Frigoglass glass operations for $225m

    Greek refrigerator maker Frigoglass has agreed to sell its glass business to Nigerian aluminum can producer GZ Industries for $225 million (202 million euros) in an effort to cut debt and focus on its cooler business, it...

    • Posted May 23, 2015
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  • Economy threatened as fuel crisis worsens

    The current fuel crisis has assumed a frightening dimension in Lagos, Nigeria’s commercial capital, as nearly all filling stations in the metropolis have run out of petrol, in what could threaten the nation’s economy that depends almost...

    • Posted May 23, 2015
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  • House of the Week: A Beautiful 4 Bedroom House for Sale at Apo, Abuja

        This week, our featured property is a 4 bedroom fully detached house for sale at Apo district, Abuja. This house features 4 bedrooms, 4 bathrooms and a servant quarters, and it is tastefully finished with...

    • Posted May 22, 2015
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  • Shrinking space, regulation push brokers out of business

    Small scale brokerage firms in Nigeria risk extinction over their inability to generate substantial income to remain in business. They likewise face the hazard of tightening regulatory requirements, BusinessDay investigation reveals. Their plight becomes more dire, as...

    • Posted May 22, 2015
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  • FRC board moves to right Obazee wrongs

    After series of revelations which cast a pall on the corporate governance structure of the Financial Reporting Council of Nigeria (FRC), the board members rose from a meeting this week, deciding to right some of the anomalies...

    • Posted May 22, 2015
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  • APC government to inherit $60bn debt from Jonathan, says Osinbajo

    Yemi Osinbajo, the vice president-elect, on Wednesday disclosed that the incoming administration of the All Progressives Congress (APC) led Federal Government will be inheriting $60 billion as foreign and domestic debts from the outgoing administration of President...

    • Posted May 22, 2015
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  • Blair asks Buhari to crack vested interests in NNPC in 100 days

    Tony Blair, former British prime minister, has urged the incoming administration of Muhammadu Buhari to spare no effort in “cracking” the vested interests that have shrouded the nation’s oil sector in secrecy with emphasis on Nigerian National...

    • Posted May 22, 2015
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  • SEC suspends BGL from all capital market activities

    The Securities and Exchange Commission (SEC) has suspended BGL Asset Management Limited, BGL Capital Limited and BGL Securities Limited from all capital market activities. The capital market regulator also suspended all sponsored individuals of BGL Asset Management...

    • Posted May 22, 2015
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  • NNPC plans to boost gas production

    Against the backdrop of inadequate domestic gas supply amid huge reserves in the country, a new plan to issue separate leases for gas assets in order to attract more investors to boost output of gas is being...

    • Posted May 21, 2015
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