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  • Naira devaluation fails to stop equities slide

    Equities on the Nigerian Stock Exchange have continued to decline in price more than two weeks after the devaluation of the naira. The move, announced by the Central Bank of Nigeria on November 25, had been expected...

    • Posted December 14, 2014
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  • Nigerian banks raise $2.5bn to fund acquisition of Shell oil blocks

    The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, has stated that his bank and some other Nigerian banks accounted for about $2.5 billion used by some Nigerian independent firms to acquire...

    • Posted December 13, 2014
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  • Oduoza seeks enhanced collaboration between banks, telcos

    The Group Managing Director of the United Bank for Africa Plc (UBA), Mr. Philips Oduoza has stressed the need for increased collaboration between banks and telecommunication companies for improved services. Oduoza said this in a keynote address...

    • Posted December 13, 2014
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  • Niger Delta stakeholders shift focus from oil to agriculture

    Stakeholders from nine states in the Niger Delta have deliberated on the need to urgently shift focus from oil production to the agricultural sector. At a workshop in Calabar organised by the Foundation for Partnership Initiatives in...

    • Posted December 13, 2014
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  • Access Bank hailed over impressive results

    Access Bank Plc has attracted accolades from the Publisher/CEO of EMEA Finance Magazine, Christopher Moore  for its impressive 2014 nine months results and its general dealings in the nation’s capital market. In a period when many companies...

    • Posted December 13, 2014
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  • FAAN targets 15million passengers before end of 2014

    The Federal Airports Authority of Nigeria (FAAN)  has said its new “Passenger Service Portal’’ is to handle 15 million passengers at the nation’s airports before the end of 2014. FAAN’s General Manager, Corporate Communications, Mr. Yakubu Dati,...

    • Posted December 13, 2014
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  • Market capitalisation falls by N376bn as sell-off continues

    The equities market fell for the fourth straight day this week on Thursday as the sell-off, which had eroded the value of stocks, deepened. As a result, the market capitalisation of the listed equities declined by N376bn...

    • Posted December 13, 2014
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  • Nigeria needs to address tax payment issues – PwC

    Nigeria needs to urgently address issues relating to the number of tax payments and the time it takes companies to comply, PricewaterhouseCoopers has said. Paying taxes has become easier over the past year for medium-sized companies around...

    • Posted December 13, 2014
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  • How SMEs can boost job creation – ICAN president

    The President, Institute of Chartered Accountants of Nigeria, Mr. Chidi Ajaegbu, says government at all levels need to promote an enabling environment for the development of Small and Medium Scale Enterprises in the country. He said this...

    • Posted December 13, 2014
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  • SURE-P organises job fair for graduates

    The Subsidy Re-investment and Empowerment Programme, through its Community Service, Youth and Women Empowerment arm, held a job fair for unemployed graduates in Lagos. After a six-month call for entries, staged under the Graduate Internship Scheme, the...

    • Posted December 13, 2014
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  • House of the Week: A wonderful 5-bedroom detached house in Gudu, Abuja

    Our house of the week is a wonderful 5 bedroom house for sale in Gudu, Abuja. This property features 5 bedrooms, 5 bathrooms, 1 dining area, 2 lounges and 1 room BQ. The entire house has double...

    • Posted December 12, 2014
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  • Equities Market shed N338bn in three days

    The Nigerian equities market maintained its negative trend yesterday  as the market depreciated for the third consecutive day this week. The market has  shed N338 billion in capitalisation in the last three days. Having   resumed  for the ...

    • Posted December 12, 2014
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  • Telecom sector attracts 24% of foreign investments – Minister

    The Minister of Communications Technology, Dr. Omobola Johnson has said the country’s telecoms sector remains an investment destination point for foreign investors to take advantage of, having experienced strong growth in the last seven years, attracting about...

    • Posted December 12, 2014
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  • External reserves fall by 19.5% to $35.8bn

    The nation’s external reserves fell to $35.8bn on December 9, down 19.5 per cent from $44.5bn recorded same date last year, figures on the Central Bank of Nigeria’s website on Wednesday showed. The reserves have been dropping...

    • Posted December 12, 2014
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