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  • SMEs closing down for lack of finance – LCCI

    The President of the Lagos Chamber of Commerce and Industry, Remi Bello, has observed that the growth of the Small and Medium Enterprises in Nigeria remains stunted due to lack of access to finance. Bello, whose observation...

    • Posted November 27, 2014
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  • Importers worry as fish floods market

    Importers of fish are currently struggling to sell off their products, a situation that has resulted in a drastic price crash in most markets across the country. In an ironic twist of event, importers said they were...

    • Posted November 27, 2014
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  • Foreign auto firms, indigenous manufacturers should collaborate – Minister

    The Minister of Mines and Steel Development, Mr. Mohammed Sada, has urged foreign auto companies in Nigeria should work with indigenous industries to expand their production lines and boost the auto industry. He stated that there were...

    • Posted November 27, 2014
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  • Banks need strong boards to avoid crisis – BDAN

    The President, Bank Directors Association of Nigeria, Dr. Sonny Kuku, says banks in the country need strong board of directors in order to avoid further crises in the banking sector. He said the roles of banks’ boards...

    • Posted November 27, 2014
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  • Naira devaluation: Expect double-digit inflation, experts warn

    Economic and financial analysts have said that a general rise in the prices of goods and services is expected to follow the Tuesday’s sudden devaluation of the naira by the Central Bank of Nigeria’s Monetary Policy Committee....

    • Posted November 27, 2014
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  • FCMB restates commitment to oil, gas reserves growth

    FCMB Capital Markets Limited, the investment banking arm of FCMB Group Plc has restated its commitment to enabling the realisation of Nigeria’s oil and gas reserves growth agenda by actively supporting indigenous operators. A statement from the...

    • Posted November 27, 2014
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  • Nigeria’s oil, gas industry records $380bn capital flight in 30 years

    The Oil Producers’ Trade Section (OPTS), an association of all the leading oil and gas –producing companies in Nigeria has stated in the 30 years preceding Nigeria’s adoption of a local content policy in 2005, the oil...

    • Posted November 26, 2014
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  • All eyes on CBN as MPC meeting ends Tuesday

    The 241st Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN), which ends today, will be the focus of investors, financial market analysts and bankers. This all-important meeting, which comes up amid the downswing...

    • Posted November 26, 2014
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  • Dangote, First Bank, others make Nigeria’s top 100 companies

    The Federal Government on Monday unveiled top 100 companies in Nigeria for the 2014 fiscal period. Dangote Group, Chevron, MTN, First Bank Plc, Nigerian Breweries Plc, and Flour Mills made the list. The government said the Top...

    • Posted November 26, 2014
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  • NERC insists on 45-day compliance on metering scheme

    The Nigerian Electricity Regulatory Commission (NERC) has said electricity distribution companies across the country whose customers have applied and paid for prepaid electricity meters under the Credit Advance Payment Metering Implementation (CAPMI) scheme must meet up with...

    • Posted November 26, 2014
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  • NLNG bemoans low absorbing capacity of domestic LPG market

    The Nigeria Liquefied Natural Gas (NLNG) Limited has said that the absence of a functioning cylinder manufacturing plant, inadequate storage facilities, poor transportation network and infrastructure, as well as limited jetty availability and the low priority accorded...

    • Posted November 26, 2014
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  • External reserves fall to $37.1bn

    The nation’s external reserves have fallen to $37.1bn, a new report from the Central Bank of Nigeria has shown. The report, posted on the central bank’s website, showed that the reserves depleted by $2bn within one month....

    • Posted November 26, 2014
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  • FG moves 5,000MW target to January 2015

    The target to generate 5,000 megawatts of electricity has been moved to January 2015 by the Federal Government. The Minister of Power, Prof. Chinedu Nebo, said the inauguration of Gbarian Power Plant, Alaoji Power Plant and Omoku...

    • Posted November 26, 2014
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  • UBA extends Ruby Account to West Africa

    The Head, Retail Products of UBA, Mrs. Osun yomi Olumide, has said that the bank has concluded plans to extend the benefits of its Ruby Account to Ghana, Cameroon, Benin Republic and some other West Africa counties...

    • Posted November 26, 2014
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