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  • Equities halt two-week slide

    The Nigerian Stock Exchange closed on a positive note on Monday as equities rallied to end two weeks of losses. The major market indicators rose marginally with the NSE All Share Index appreciating by 0.03 per cent...

    • Posted November 12, 2014
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  • FG connects 111 communities to telephones

    The Minister of Communication Technology, Mrs. Omobola Johnson, has inaugurated one of the several Base Transceiver Stations deployed across the South-West region by Odu’atel through subsidies provided by the Universal Service Provision Fund (USPF) at Igbo Olodumare...

    • Posted November 12, 2014
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  • Completed dams to raise power generation by 135.15MW

    Sixteen hydropower dams that will add 135.15 megawatts of electricity to the power grid have been completed, the Federal Government has said. Nigeria currently generates less than 5,000MW of power for a population of over 160 million...

    • Posted November 12, 2014
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  • NECA decries CPC’s onslaught against private companies

    Nigeria Employers Consultative Association (NECA) has decried the increasing act of impunity by the Consumer Protection Council (CPC), alleging that the regulatory agency has its destructive onslaught against members companies. The umbrella body for private sector employers...

    • Posted November 12, 2014
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  • Ideasvibe Media partners Tiny Mission to help Any Size Campaign go mobile

    With Nigerians taking to using smartphones and consuming data, IDEASVIBE MEDIA partners TINY MISSION, USA to help any size campaign go mobile. Tiny Candidate is a new service for aggregating all of your important campaign information in...

    • Posted November 11, 2014
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  • Access Bank introduces customised debit cards

    Access Bank Plc has unveiled its customised debit card tagged, “Persona.” The product allows customers of the bank to upload their favourite image or to select any from the bank’s gallery on their debit cards. Speaking at...

    • Posted November 11, 2014
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  • Inflation drops to 8.1% in October

    The Consumer Price Index (CPI) which measures inflation dropped further to 8.1 per cent in October compared to 8.3 per cent the previous month, according to the National Bureau of Statistics (NBS). Also, Nigeria’s Capital Importation portfolio...

    • Posted November 11, 2014
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  • FBN Holdings acquires Kakawa Discount House Limited

    FBN Holdings Plc has announced the acquisition of 54% equity interest in Kakawa Dicount House Limited, making the holdings company 100% owners of Kakawa. According to a release signed by the company, the acquisition of Kakawa Discount...

    • Posted November 11, 2014
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  • CBN in market to defend naira

    The Central Bank of Nigeria is currently intervening with dollar sales in the foreign exchange market to support the ailing naira currency, the Deputy Governor, Monetary Policy, CBN, Dr. Sarah Alade, has said. Alade said the naira...

    • Posted November 11, 2014
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  • NB voted Most Active Company

    Nigerian Breweries Plc, the nation’s leading brewing company, has been voted the most philanthropic corporate entity in Nigeria for the year 2014. The company faced fierce competition to win the Most Active Company in CSR Activities of...

    • Posted November 11, 2014
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  • Presidency recommends Nnanna for CBN Deputy Governor’s job

    Following the exit of Dr. Kingsley Moghalu as a Deputy Governor of the Central Bank of Nigeria (CBN) at the end of his five-year term, THISDAY learnt on Sunday that the presidency had recommended a former director...

    • Posted November 11, 2014
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  • Banks to lose N40bn to new CBN regulation

    Deposit Money Banks will lose over N40bn in interest income to the Central Bank of Nigeria’s new regulation which reduces lenders’ remunerable daily placement at the CBN’s Standing Deposit Facility to N7.5bn, Afrinvest Research has shown. This...

    • Posted November 11, 2014
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  • FG to raise N65bn through bonds

    The Federal Government plans to raise N65bn through bonds with maturities of three, 10 and 20 years, according to a statement by the Debt Management Office on Friday. The debt office expects to raise N10bn through the...

    • Posted November 11, 2014
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  • BoI provides N670bn loans for agro-processing, others

    The Bank of Industry says that it has so far disbursed a total loan of N670bn for the financing of key sectors of the economy. The sectors are agro-processing; solid minerals and metals; gas, energy and petrochemicals;...

    • Posted November 11, 2014
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