Don't Miss


Latest News

  • UBA on path to improved profitability, management assures shareholders

    Pan-African financial services group, United Bank for Africa (UBA) Plc’s significant 36 per cent growth in the first quarter pre-tax profit is a clear indication that the bank is firmly on the path to delivering improved returns...

    • Posted April 29, 2015
    • 0
  • FG hands over NITEL/MTEL to NATCOM consortium

    As part of its efforts to revamp the telecommunication sector, the federal government, yesterday, handed over the Nigerian Telecommunication Plc (NITEL) and Nigerian Mobile Telecommunications (MTEL) to its preferred bidder, the NATCOM Consortium after five failed attempts...

    • Posted April 29, 2015
    • 0
  • IFC, Zenith Bank sign $100million facility

    A member of the World Bank Group, International Finance Corporation (IFC), signed an agreement to provide a $100 million loan facility to Zenith Bank Plc, yesterday, in a bid to increase its lending to a variety of...

    • Posted April 29, 2015
    • 0
  • All-share index sheds 0.5% as bear run persists

    Trading on the Nigerian bourse closed on a negative note yesterday as the bearish trend persisted. The Nigerian  Stock Exchange (NSE) All-share Index declined by 0.5 per cent to close at 34,317.72. Similarly,  market capitalisation shed N88.2...

    • Posted April 29, 2015
    • 0
  • Power: NERC says consumers can question operators

    To effectively address complaints arising from electricity tariff setting, metering and billing by power firms, consumers must be organised and should challenge the operators in the sector, the Nigerian Electricity Regulatory Commission has said. It said there...

    • Posted April 29, 2015
    • 0
  • FCMB records N5.8bn Q1 profit

    The First City Monument Bank (FCMB) Group Plc said it posted a profit before tax (PBT) of N5.8 billion in the first quarter ended 31 March 2015. This represents an increase by four per cent, compared with...

    • Posted April 29, 2015
    • 0
  • Scarcity of petrol hits private depots in Lagos

    There are strong indications that a nationwide scarcity of petrol is imminent as all the private depots in Lagos were at the weekend hit by scarcity of the product, raising concern on the ability of the Nigerian...

    • Posted April 29, 2015
    • 0
  • FG hands over NITEL to core investor

    After fourteen years and five failed attempts to sell the Nigerian Telecommunications Limited, the Federal Government on Tuesday finally handed over the beleaguered first national telecommunications company to new core investor, NATCOM Consortium. At a ceremony attended...

    • Posted April 29, 2015
    • 0
  • FG warns against intellectual property rights’ violation

    The Federal Government on Monday called on Nigerians to raise the awareness on the importance of intellectual property rights, stating that their violation was having negative effects on the economy. The Minister of Industry, Trade and Investment,...

    • Posted April 29, 2015
    • 0
  • Airport cargo handlers threaten to withdraw services

    Cargo handlers at the Murtala Muhammed Airport, Lagos on Monday threatened to stop work following the sacking of their colleagues by Skyway Aviation Handling Company Limited. The workers, under the aegis of the National Union of Air...

    • Posted April 29, 2015
    • 0
  • BPE to invite seven bidders for Warri Port terminal

    The National Council on Privatisation has directed the Bureau of Public Enterprises to invite seven prospective concessionaires that met the criteria for the Terminal B of the Warri Old Port. The Head of Public Communications, BPE, Mr....

    • Posted April 29, 2015
    • 0
  • Mobil absolves self from oil spill at Ibeno QIT

    Mobil Producing Nigeria Unlimited (MPN), operator of the Nigerian National Petroleum Corporation (NNPC), has said that the suspected oil spill that sparked protest from the youths of its host community was not from any of its facility....

    • Posted April 29, 2015
    • 0
  • Financial planning is essential in the face of prevailing economic realities – Michael Oyebola

    Michael Oyebola, the MD/CIO of FBN Capital Asset Management has underscored the importance of personal financial planning in the face of the prevailing economic realities arising. He made this known as part of a presentation entitled “Beyond...

    • Posted April 28, 2015
    • 0
  • FCMB shareholders approve N40bn capital raising exercise

    Shareholders of FCMB Group Plc last week approved the bank’s plan to raise the sum of N40 billion in debt and equity as part of strategies to maintain a significant threshold of Capital Adequacy Ratio (CAR) and...

    • Posted April 28, 2015
    • 0