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  • Addax, Oriental, others announce flow testing of Okwok Marginal Field

    Oriental Energy Resources Ltd (OERL) and its joint venture partners, Afren Energy Resources and Addax Petroleum have announced the completion and flow testing of their first development well, Okwok 13 in the Okwok Marginal Field in Oil...

    • Posted April 22, 2015
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  • NSE market indices drop by 0.62 per cent amid profit taking

    Transactions at the Nigerian Stock Exchange (NSE) on Tuesday remained on a downward trend due to profit taking with the market indicators dropping by 0.62 per cent. The News Agency of Nigeria (NAN) reports that the market...

    • Posted April 21, 2015
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  • Business backs Nigeria, tasks Buhari on unemployment, economy – Dangote

    President of Dangote Group of Companies and richest man in Africa, Alhaji Aliko Dangote,  has declared that following the successful conduct of the Nigerian elections and the smooth ongoing transition programme, the business community in the country...

    • Posted April 21, 2015
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  • Banks should lend more to the agriculture sector – Dashiell

    Deputy Director General, Partnership and Capacity Development, International Institute of Tropical Agriculture (IITA) Dr. Kenton Dashiell, spoke to Goddy Egene on what the institute is doing to improve the lot of farmers and Sterling Bank Plc’s contributions...

    • Posted April 21, 2015
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  • CBN to review IT standards in banking sector

    The Central Bank of Nigeria in collaboration with the Information and Technology Standards Council is reviewing the IT standards blueprint in the banking sector. The aim is to align the IT standards in the sector to current...

    • Posted April 21, 2015
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  • Stock Market defies profit taking to close higher

    After succumbing to profit taking the previous week, the Nigerian equities market returned to positive territory last week helped by bargain hunters’s drive to take position for possible gain in the last trading day of the week....

    • Posted April 21, 2015
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  • World Bank, others commit to accelerate access to finance

    The World Bank Group and a broad coalition of partners – including multilateral agencies, banks, credit unions, card networks, microfinance institutions and telecommunications companies have issued numeric commitments that will help promote financial inclusion and achieve universal...

    • Posted April 21, 2015
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  • FG owes construction firms N500bn – FOCI

    The Federation of Construction Industry has expressed concern over the high level of indebtedness in the construction industry, saying its over 100 registered member companies are utilising less than 40 per cent of their staff strength due...

    • Posted April 21, 2015
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  • SEC suspends BGL board, constitutes interim body

    The Securities and Exchange Commission has intervened in the operations of BGL Plc, a member of the Nigerian Stock Exchange by suspending its board and appointing an interim management for the group. Our correspondent gathered on Sunday...

    • Posted April 21, 2015
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  • Dangote Sugar gets SON food safety certification

    Dangote Sugar Refinery says it has been certified by the Standards Organisation of Nigeria as a food safety compliant company. According to a statement by the management of the refinery on Sunday, the NIS ISO 22000:2005 Food...

    • Posted April 21, 2015
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  • Premium Pension introduces mobile application

    Premium Pension Limited has introduced a mobile application known as the Premium Pension Mobile to facilitate its operations and enhance customer service and interaction. According to a statement obtained from the Head, Corporate Communication of the firm,...

    • Posted April 21, 2015
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  • CBN directs banks to end rendition on Microcredit Fund

    Five years after the operation of the Central Bank of Nigeria’s Micro credit Fund was discontinued, the apex bank said some banks were still making rendition of their returns on the scheme to the CBN. Consequently, the...

    • Posted April 20, 2015
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  • Nigeria yet to endorse new global initiative to end gas flaring by 2030

    Chief executives from major oil companies and senior government officials from several oil-producing countries met in the United States of America at the weekend and demonstrated a commitment to end the practice of routine gas flaring at...

    • Posted April 20, 2015
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  • IMF lauds Nigeria’s response to declining oil prices

    The International Monetary Fund (IMF) has applauded Nigeria’s response to the declining prices of oil just as African finance ministers expressed concern that the slow growth of the Chinese economy will impact negatively on many African countries....

    • Posted April 20, 2015
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