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  • Jonathan honours 100 top companies Monday

    President Goodluck Jonathan will on Monday, December 1, give special recognition to the top 100 Nigerian businesses that have contributed to making the country the largest economy in Africa. This will happen at a Presidential dinner, which...

    • Posted November 30, 2014
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  • May & Baker gets WHO certification

    The World Health Organisation has certified May & Baker Nigeria Plc as a pharmaceutical manufacturing company with adequate facilities and processes that meet the global health organisation’s current Good Manufacturing Practice, a statement from the company said....

    • Posted November 30, 2014
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  • KIA partners Diamond Bank on Auto Loan Scheme

    In a bid to make owning a new car easy, accessible and affordable for all, Kia Motors Nigeria partners Diamond Bank to offer an unbeatable auto loan scheme to potential customers starting from as low as N37,000...

    • Posted November 30, 2014
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  • Closure of bonded warehouses at MMIA may threaten air safety

    Nigerian airlines have raised the alarm over the delay in the clearing of safety critical aircraft parts, which were imported for immediate use on aircraft that have accumulated snags and needed urgent parts replacement. The airlines said...

    • Posted November 30, 2014
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  • Fitch: Naira devaluation to have limited impact on banks

    Fitch Ratings, a global rating agency, on Thursday said the Central Bank of Nigeria’s (CBN’s) decision on Tuesday to devalue the naira and raise interest rates would have only limited impact on Nigerian banks at present. It...

    • Posted November 29, 2014
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  • Equities market gains N274bn in three days

    Investors in Nigerian equities market continue to smile as the market rose further to record its third consecutive close  yesterday after the Monetary Policy Committee (MPC)of the Central Bank of Nigeria (CBN) announced decisions expected to have...

    • Posted November 29, 2014
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  • Economy under threat as oil price falls below $73

    Efforts by Nigeria and four other members of the Organisation of Petroleum Exporting Countries to see a reduction in oil production to revive falling oil prices proved abortive on Thursday as the 12-member cartel decided to maintain...

    • Posted November 29, 2014
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  • Nigeria employs satellite to chase $1bn gas flaring fines

    Nigeria has started using a satellite tracking system to help it bring in more than $1 billion a year in fines which it could charge for illegal gas flaring. The new gas flare tracker is an online...

    • Posted November 29, 2014
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  • Cargo throughput increases in third quarter

    Cargo throughput in the nation’s seaports has increased  by 12.5 per cent in the third quarter of this year, the Nigerian Ports Authority (NPA) has said. Data collated by the authority and obtained by THISDAY showed that...

    • Posted November 29, 2014
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  • FG signs $1bn MoU on 1,000MW plant

    The Federal Government has signed a $1bn Memorandum of Understanding with Strancton Limited for the construction of a 1,000 megawatts power plant in Katsina State. It also signed another MoU with Greenville Oil and Gas Limited for...

    • Posted November 29, 2014
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  • FG saves N171bn from technology agreements

    The Federal Government has saved N171.85bn in the past five years through the scrutiny of technology transfer agreements entered into between organisations in Nigeria and foreign entities. The Minister of Science and Technology, Dr. Abdu Bulama, disclosed...

    • Posted November 29, 2014
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  • Telcos get January deadline for compensation

    The Nigerian Communications Commission has issued an ultimatum to telecommunications operators to articulate their compensation plan before the end of January 2015. The Director of Consumer Affairs Bureau at the regulatory agency, Mrs. Maryam Bayi, disclosed this...

    • Posted November 29, 2014
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  • Naira devaluation unlikely to depress stocks further – Operators

    Some capital market operators have said the devaluation of the naira by the Central Bank of Nigeria may not depress the equities market, which has endured a turbulent year, further. According them, the market has already declined...

    • Posted November 29, 2014
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  • Products imported into Nigeria to carry fresh certification marks from 2015 – SON

    The Standards Organisation of Nigeria (SON) in Thursday said discussions were in the final stages to ensure that from 2015, all imported products would carry the Nigerian Industrial Standard (NIS) mark to curb the menace of substandard...

    • Posted November 29, 2014
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