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  • Bill to enable production of Nigerian cars, tyres passes second reading

    A bill seeking to enable the production and assembly of cars and tyres in Nigeria as well as the provision of tariff incentives and income tax reliefs on all automobile and automotive components passed through second reading...

    • Posted September 20, 2014
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  • Nigeria to earn N30bn annually from slot allocation

    There is an indication that Nigeria could make about N30 billion annually from slot allocation to foreign airlines as an alternative to royalties paid on Bilateral Air Service Agreement (BASA). The accruals will evolve from extra frequencies...

    • Posted September 20, 2014
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  • CBN seeks increased access to finance for women

    The Central Bank of Nigeria has urged banks to develop platforms for products and services that will ultimately increase women’s access to finance. The Deputy Governor, Economic Policy, CBN, Dr. Sarah Alade, stated this at the Chartered...

    • Posted September 20, 2014
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  • Naira hits 3-month low despite CBN’s intervention

    The naira fell by 0.34 per cent to a three-month low of N163.45 to a dollar yesterday, despite the Central Bank of Nigeria’s (CBN’s) intervening for a second day to halt its slide. Data from Reuters showed...

    • Posted September 19, 2014
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  • EU earmarks €600m for Nigeria’s power sector, food security

    The European Union (EU) said yesterday it had concluded plans to spend about €600 million in ‎Nigeria over the next five years. Most of the spending, it noted, is targeted at helping Nigeria to attract private sector...

    • Posted September 19, 2014
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  • Niger Delta exploration to raise $450m through public offer

    Niger Delta Exploration and Production Plc, a Nigerian independent company, has unveiled plans to raise $450 million to acquire and develop crude fields in the country. This is coming as Lafarge Africa, Finland’s Wartsila and the World...

    • Posted September 19, 2014
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  • Nigeria cuts gas supply to Ghana over strike

    The indefinite strike embarked upon by some workers of the Nigerian National Petroleum Corporation has led to the stoppage of gas supply to Ghana through the West African Gas Pipeline. The NNPC branches of the Nigerian Union...

    • Posted September 19, 2014
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  • Minister seeks end to outsourcing of local jobs

    The Minister of Communications Technology, Mrs. Omobola Johnson, on Wednesday called for an end to outsourcing of local operations to foreign companies established outside the country. Johnson said such a practice must end immediately because the local...

    • Posted September 19, 2014
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  • NSE poised to developing transparent, liquid stock market – Onyema

    The Chief Executive Officer of the Nigerian Stock Exchange, Oscar Onyema has stated that all of the initiatives his management has put in place in the transformation of the NSE were aimed at developing a more transparent,...

    • Posted September 18, 2014
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  • Unilever Nigeria’s target trading price lowered to N39

    Following the rising cost of operation, increase in competition in the market that is telling on Unilever Nigeria Plc’s revenue, analysts at Renaissance Capital have downgraded their rating on the company to “sell from hold” on reduced...

    • Posted September 18, 2014
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  • Fuel queues may resurface by weekend

    Queues of motorists at petrol filling stations may resurface at the weekend if the ongoing strike by the Nigerian National Petroleum Corporation branches of the Nigerian Union of Petroleum and Natural Gas Workers and the Petroleum and...

    • Posted September 18, 2014
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  • NIPC to assist states stimulate investment

    The Nigerian Investment Promotion Commission on Thursday said it would assist states to stimulate both foreign and domestic direct investments to enable them realize their full economic potentials. The Executive Secretary to the commission, Mrs Saratu Umar...

    • Posted September 18, 2014
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  • NSE market indicators improve marginally by 0.20%

    Equity transactions on the Nigerian Stock Exchange (NSE) closed upbeat on Wednesday as the market indicators improved marginally by 0.20 per cent. The News Agency of Nigeria (NAN) reports that the appreciation was due to price gains...

    • Posted September 17, 2014
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  • Naira unchanged on CBN intervention bid

    The naira maintained its Friday’s value of N162.95 to a dollar monday. This was attributed to a request by the Central Bank of Nigeria (CBN) that banks should bid to sell the greenback, in a move to...

    • Posted September 17, 2014
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