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  • Nigeria loses N20bn annually to illegal charter operators

    The federal government loses N20 billion annually through privately licensed aircraft, which are used to operate illegal charter service, THISDAY investigations have revealed. These losses are incurred because illegal operators do not pay 5 per cent ‎charge,...

    • Posted February 14, 2015
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  • Anxiety grips insurance firms as SEC, NAICOM investigate misuse of funds

    Anxiety has gripped  the boards and managements of some insurance companies that misused funds raised from the capital market as the  Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM)  have resolved to penalise the...

    • Posted February 14, 2015
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  • CBN under pressure to devalue naira again

    DEVELOPMENTS in the foreign exchange market are putting the Central Bank of Nigeria under intense pressure to further devalue the naira. The currency has been experiencing free fall since November 25, 2014 when the          CBN Monetary...

    • Posted February 14, 2015
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  • Consolidation looms for Nigerian companies to survive oil price drop

    Small oil-producing companies in Nigeria, facing slumping prices and rising debt, may need to combine to survive, the chief executive officer of one of the companies said. “We don’t have that much leverage, the rapid drop is...

    • Posted February 14, 2015
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  • Nigerian Breweries to pay N3.50 final dividend

    Nigerian Breweries Plc on Thursday declared a final dividend of N3.50 kobo per share for the year ended December 31, 2014. According to the results made available by the Nigerian Stock Exchange (NSE),  the leading brewing firm...

    • Posted February 14, 2015
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  • Passengers pay 65% of airfares as fuel surcharge

    Up to 65 per cent of airfares paid by passengers travelling by air across the country end up as fuel surcharge to the airlines. Investigation by our correspondent showed that the bulk of the amount paid by...

    • Posted February 14, 2015
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  • We can’t access govenment loans — SME operators

    Two years after the establishment of the N220bn Micro Small and Medium Enterprises Development Fund by the Central Bank of Nigeria, some operators of SMEs in Lagos State have claimed they haven’t been able to access the...

    • Posted February 14, 2015
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  • Nigerian Breweries inaugurates N18bn Aba Brewery

    The Nigerian Breweries Plc has inaugurated the expanded Aba Brewery in Aba, Abia State. The expansion gulped N18bn. Present at the ceremony were the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, who represented President Goodluck...

    • Posted February 14, 2015
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  • Telephony: Government to connect 1.6 million rural dwellers

    The Federal Government has set out four to six weeks for the completion of 158 new Base Transceiver Station sites in rural areas across the country. Our correspondent gathered on Thursday that the BTS, when completed, would...

    • Posted February 14, 2015
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  • Stockbrokers plan MoU with accountants, lawyers

    The Chartered Institute of Stockbrokers (CIS) will soon sign a memorandum of Understanding (MoU) with the Institute of Chartered Accounts of Nigeria (ICAN) and Nigerian Bar Association (NBA) as part of CIS’ efforts to further deepen its...

    • Posted February 14, 2015
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  • House of the Week: A beautiful 5-bedroom house in Lugbe, Abuja

    This week, our featured house is a 5 bedroom house located at Lugbe, Abuja. This house has 5 bedrooms, 5 bathrooms and 3 lounges . The interior features POP ceilings, chandeliers, vitrified floor/wall tiles and other fittings....

    • Posted February 13, 2015
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  • PwCAudit: NNPC to remit $1.48bn after reconciliation with DPR

    The Nigerian National Petroleum Corporation (NNPC) yesterday said it would remit an outstanding $1.48 billion balance of signature bonus from divested assets to its exploration and production arm, the Nigeria Petroleum Development Company (NPDC) as soon as...

    • Posted February 13, 2015
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  • Ajumogobia identifies challenges in Nigeria’s oil and gas sector

    A former Minister of Petroleum Resources, Mr. Odein Ajumogobia has identified the challenges facing the Nigeria’s oil and gas sector, saying that the industry has witnessed dwindling fortunes, especially since 2004, when oil industry workers and facilities...

    • Posted February 13, 2015
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  • Further devaluation of naira inevitable – Rewane

    Renowned financial expert and Managing Director, Financial Derivatives Company Limited, Mr. Bismarck Rewane, has predicted that the naira will be further devalued. He, however, stated that the additional round of devaluation of the national currency, which is...

    • Posted February 13, 2015
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