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  • Concerns over porous security at Lagos Airport cargo shed

    Airline officials have expressed deep concern about the porous security at the cargo shed of the Murtala Muhammed International Airport, Lagos, which makes the place vulnerable to attacks. Their worries stem from what they described as unchecked...

    • Posted November 15, 2014
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  • FBN Capital Conference: Expert charges Nigeria to focus on manufacturing

    Professor Anil Gupta, International expert on strategy, globalization and emerging markets, has urged Nigeria to embrace the manufacturing sector and rise above its present celebratory tag of fastest ‘emerging’ economy. In his i paper titled ‘The rise...

    • Posted November 14, 2014
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  • Emefiele vows to defend naira on falling oil prices

    The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has said he will continue to defend the naira after the currency plunged to a record low last week. “There’s no need for anybody to panic or...

    • Posted November 14, 2014
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  • Caverton posts N5.5bn gross profit

    Caverton Offshore Support Group PLC (COSG), a key provider of marine, aviation and logistics services to local and international oil and gas companies in Nigeria, has reported an increase of 34 per cent in revenue for the...

    • Posted November 14, 2014
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  • Standard Chartered to close 100 branches in Africa, others

    Standard Chartered bank is closing 80 to 100 branches to improve profitability in 2015 Standard Chartered will close up to 100 bank branches next year in Asia, Africa and the Middle East in an attempt to improve...

    • Posted November 14, 2014
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  • Telecoms operators accuse State Governments of stifling broadband deployment

    Telecoms operators have said the refusal of state governments to give right of way (RoW) is delaying  broadband rollout in the country. The operators, who spoke in one voice at this year’s West Africa Information and Communications...

    • Posted November 14, 2014
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  • FRC remits N253million to Consolidated Revenue Fund

    Contrary to the insinuation by the House of Representatives Committee on Finance that the Financial Reporting Council (FRC) does not remit 25 per cent of the total amount its generates internally into the consolidated revenue fund, as...

    • Posted November 14, 2014
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  • Tokunbo dealers to sell Nigeria-made cars

    Used car dealers may soon begin to sell made-in-Nigeria vehicles as part of measures to incorporate them into the new automotive policy of the Federal Government. Already, the Tokunbo or used car dealers are holding talks with the National...

    • Posted November 14, 2014
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  • NERC accuses electricity firms of inflating bills

    Electricity distribution companies in the country are enriching themselves corruptly through the issuance of estimated bills to consumers, according to the Nigerian Electricity Regulatory Commission. This is following complaints by consumers who decried the over 100 per...

    • Posted November 14, 2014
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  • Oando, PZ, others raise NSE index by 0.9%

    Gains by Oando Plc and PZ Cussons Nigeria Plc and 34 other stocks on Wednesday helped the Nigerian Stock Exchange to close on a positive note, with the NSE All Share Index rising for the third straight...

    • Posted November 14, 2014
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  • Nigerian airlines earn N73bn from ticket sales

    Nigerian owned airlines realised N73bn from ticket sales in 2013, while international counterparts operating in the country made over N231bn in the same period. The Director, Consumer Protection, Nigerian Civil Aviation Authority, Mr. Adamu Abdulahi, disclosed these...

    • Posted November 14, 2014
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  • Oil slide echoes 2008 pressure for Nigeria, Saudi to defend currency

    The sharpest drop in oil prices since 2008, coupled with a surge in the dollar, are testing the  capacity of energy-producing nations to defend their currency pegs. Even Saudi Arabia, whose $745 billion reserves may allow it...

    • Posted November 14, 2014
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  • NNPC halts sale of Shell’s oil block to Creststar

    The year-long process by Shell Petroleum Development Company (SPDC) and its joint venture partners to divest some of their onshore assets has run into a hitch, as the Nigerian National Petroleum Corporation (NNPC) has moved to stop...

    • Posted November 13, 2014
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  • Nigeria’s Forex reserves hit 4-month low

    Nigeria’s foreign exchange reserves fell to a 4-month low of $37.9 billion as of November 7, down by 3.99 per cent month-on-month after the Central Bank of Nigeria (CBN) sold dollars to banks to prop up the...

    • Posted November 13, 2014
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