Latest News
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Banking sector key to economic growth – Durosinmi-Etti
Former Group Managing Director/Chief Executive Officer (GMD/CEO) of Skye Bank Plc, Mr. Kehinde Durosinmi-Etti, has said that the Nigerian banking industry has a crucial role in stimulating the growth of the economy. Durosinmi-Etti who said this in...
- Posted July 28, 2014
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Power sector investors give conditions to end lull in investment
The various power sector investors that bought into the Federal Government’s power privatisation programme last year may have given fresh conditions before they end the current lull in investment in the sector. They were said to be...
- Posted July 28, 2014
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Poor patronage: Courier companies diversify into e-commerce
As the number of companies rendering courier services in the country increase, many of the operators have resolved to diversify into e-commerce business. They say this will enable them to tap into the opportunities the Internet has...
- Posted July 28, 2014
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ICAN seeks framework to fast track budget passage, implementation
Institute of Chartered Accountants of Nigeria (ICAN) has called for development of a framework that will fast track the passage and implementation of budgets in the country. “If we must develop as a nation, we need to revisit...
- Posted July 27, 2014
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Investors spend N26bn on equities as trading resumes
Investors staked N26.618bn on 536.869 million shares in 7,048 deals on Friday after the Nigerian Stock Exchange fixed the network hitches, which disrupted trading the previous day. Trading activities had been prevented due to failure of the...
- Posted July 27, 2014
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Nigeria to be among world’s top 20 economies by 2030 – McKinsey
Nigeria has the potential to be one of the world’s top 20 economies by 2030 with a consumer base exceeding the current population of France and Germany, according to McKinsey & Co, a global management consulting firm....
- Posted July 27, 2014
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Chevron is proof of Delta’s investment safety – Uduaghan
The productive relationship between the Delta a State Government and American oil giant, Chevron, bears eloquent testimony to the fact Delta State was peaceful and remained the haven of investors in Nigeria. Governor Emmanuel Uduaghan of Delta...
- Posted July 27, 2014
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Rice production: Firm plans N18bn investment in Nigeria
The newly commissioned integrated rice mill of Olam Nigeria Limited would bring the company’s total investment in the integrated farm and milling facility to over N18bn. The Managing Director of Olam, Africa and Middle East, Mr. Venkataramani...
- Posted July 27, 2014
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Domestic tourism gets a boost as NTDC launches Tour Abuja City Project
Every mega city that prides itself high in tourism has tour city buses. From London to Cape Town to Washington to Sydney, these tour city buses have become mini-monuments that appeal to both locals and visitors alike....
- Posted July 27, 2014
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At least 50% of Nigerians should participate in the capital market – Madubuike
Mr. Emeka Madubuike is the President, Association of Stockbroking Houses of Nigeria. He shares his views on investor protection efforts, the new capital requirement for operators and other issues withSIMON EJEMBI Some analysts have said that when...
- Posted July 27, 2014
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PrivateProperty.ng lists over 130,000 properties in Nigeria
Private Property Nigeria has reached a remarkable milestone of listing over 130,000 properties and 1.3 million enquiries since its inception in November 2011. Speaking on this achievement, www.privateproperty.ng Managing Director & Co-Owner, Oluwafemi Taiwo, said “We keep...
- Posted July 26, 2014
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CBN sells N134.9bn treasury bills
The Central Bank of Nigeria has sold N134.9 billion treasury bills of three-month, six-month and one-year maturities, with three-fifths fetching lower yields than at the previous auction. The central bank disclosed this on Thursday, a day after...
- Posted July 26, 2014
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Keystone Bank to sell African subsidiaries
Keystone Bank Limited yesterday disclosed plans to sell its subsidiaries in three African countries due to capitalisation challenges confronting the institutions. The countries are Uganda, Sierra Leone and Liberia. The Managing Director/Chief Executive Officer, Keystone Bank, Mr....
- Posted July 26, 2014
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FG considering three options for TCN privatisation
The Federal Government is considering three options for the privatisation of the Transmission Company of Nigeria. This was disclosed by the Minister of Power, Prof. Chinedu Nebo, in Lagos on Thursday while answering questions from journalists during...
- Posted July 26, 2014