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  • Moody’s: Nigerian economy resilient despite oil plunge

    One of the leading global credit rating agencies, Moody’s Investors Service has said that the Nigerian economy remains resilient in the face of falling oil prices even as the currency slumped to a record low and growth...

    • Posted December 24, 2014
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  • Dangote Cement hits Cameroun market with 1.5mtpa

    The first set of the Dangote Cement bags, the 3x Premium, will hit the market in Cameroun in January 2015, the management of the company has said. Conducting the Cameronian media round the 1.5 million metric tonnes...

    • Posted December 23, 2014
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  • Banks’ earnings face more pressure on CBN’s new Forex policy

    Currency analysts have said that the measures announced in the forex market by the Central Bank of Nigeria (CBN) last week put further pressure on banks’ earnings in 2015.  They also argued that the policies would negatively...

    • Posted December 23, 2014
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  • SEC, market operators may clash over recapitalisation deadline

    The insistence by the regulator of the Nigerian capital market that the operators must meet new capitalisation milestones on the last day of this year is causing uneasiness, SIMON EJEMBI writes Operators in the nation’s capital market...

    • Posted December 23, 2014
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  • Transcorp emerges Most Compliant Company on NSE

    Transnational Corporation of Nigeria (Transcorp) has emerged the most compliant firm among the companies listed on the Nigerian Stock Exchange (NSE).  The Most Complaint Listed Firm award is given by the NSE to the company that demonstrates...

    • Posted December 23, 2014
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  • Skye Bank takes control of Mainstreet Bank

    Skye Bank Plc says it has taken control of Mainstreet Bank Limited after the  completion of a meeting where the Asset Management Corporation of Nigeria (AMCON) divested its interest and transferred full ownership of the bank to...

    • Posted December 23, 2014
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  • Unity Bank to raise additional capital in 2015

    Unity Bank Plc will raise additional capital in 2015 to strengthen its balance sheet, its Managing Director/ Chief Executive officer, Mr. James Semenitari, has said. He said the lender would build on its performance in 2014 to...

    • Posted December 23, 2014
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  • CIIN supports plan to create 150,000 new jobs

    The President, Chartered Insurance Institute of Nigeria, Mr. Bola Temowo, has said the firm will contribute substantially to the plan to create 150,000 new jobs in the insurance sector in the next three years in tune with...

    • Posted December 23, 2014
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  • LCCI urges FG to resolve Customs, importers’ crisis

    The Lagos Chamber of Commerce and Industry has urged the Federal Government to intervene in the disagreement between the importers and the Nigerian Customs Service. The LCCI noted in a statement on Sunday that the situation where...

    • Posted December 23, 2014
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  • ICAN cautions new members against unethical practice

    The President, Institute of Chartered of Accountants of Nigeria, Mr. Chidi Ajaegbu, has advised new inductees of the organisation against committing fraud in their prospective companies. He urged them to make integrity and honesty their watchword, adding...

    • Posted December 23, 2014
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  • DigitalJewels, NIBSS partner on information security

    In its bid to drive the ideal use of global best practices in safeguarding information and ensuring business continuity across financial institutions in the country, DigitalJewels, a practice standards consulting firm in West Africa recently  partnered Nigeria...

    • Posted December 23, 2014
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  • Dangote to invest $9bn in agriculture in Kebbi

    Africa’s richest man, Alhaji Aliko Dangote has expressed the desire to invest about $9 billion in agriculture and plans to cultivate and develop farmlands and a food processing factory in Kebbi state. This was disclosed by the...

    • Posted December 22, 2014
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  • Eko Disco procures 40 new transformers worth N200m

    The Eko Electricity Distribution Company (EKEDC) says it has acquired 40 new distribution transformers as part of efforts to boost the company’s operations during the yuletide. Principal Manager, Public Affairs Division of the EKEDC, Mr. Ademola Adegoke,...

    • Posted December 22, 2014
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  • Investors shun Nigeria’s cooking gas projects

    Local and international players in the Nigeria’s liquefied petroleum gas (cooking gas) subsector are holding back investments in the storage of the product as they do not consider this a profitable venture. Although the investment opportunities in...

    • Posted December 22, 2014
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