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  • Nigeria, Portugal to strengthen trade ties

    In order to promote trade and encourage the development of businesses, Nigeria and Portugal have pledged to strengthen economic relationship between both countries. Representatives of both countries also promised to develop social, cultural and artistic projects that...

    • Posted July 5, 2014
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  • Nigerians to get loans for locally-assembled cars

    From November, Nigerians will be able to purchase brand new cars assembled in the country without having to pay in full for them as the Federal Government’s vehicle acquisition finance scheme would have taken off then. The...

    • Posted July 5, 2014
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  • Expectations for improved Q2 results lift market higher

    Expectations for improved second quarter results continued to lift prices of equities at the stock market as the Nigerian Stock Exchange (NSE) All-Share Index rose 0.18 per cent to close at 42,686.86 yesterday.  Similarly, market capitalisation added...

    • Posted July 5, 2014
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  • NAICOM tackles shareholders for abdicating responsibilities

    The National Insurance Commission (NAICOM) has criticised shareholders of insurance companies in the country saying most of them have failed to effectively oversee the activities of the board and management of the respective companies. The regulator said...

    • Posted July 5, 2014
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  • Resolve bank customers’ complaints in 30 days – CBN

    The Central Bank of Nigeria has ordered Deposit Money Banks, discount houses and other financial institutions to ensure that customers complaints relating to excess charges and loans are resolved within 30 days. The CBN, in a circular...

    • Posted July 5, 2014
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  • Unity Bank records 92% rise in profit

    Unity Bank Plc has released its unaudited results for the six-month period ended June 30, 2014, showing appreciation in its income and profit. The results, which were posted on the Nigerian Stock Exchange’s website on Thursday, showed...

    • Posted July 5, 2014
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  • Caverton tops gainers as equities rise by 0.18%

    The equities section of the Nigerian Exchanged closed on a positive note on Thursday after closing flat the previous day. Caverton Offshore Support Group Plc led 22 other stocks on the gainers’ table after investors traded 570.824...

    • Posted July 5, 2014
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  • Create environment for non-oil exports – Stakeholders tell government

    Stakeholders in the non-oil sector have called on the Federal Government to address certain issues that will enhance investment in the sector. These issues, they say, include activating the Export Development Fund with a view to addressing...

    • Posted July 5, 2014
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  • Aircraft lease probe: Alison-Madueke, NNPC’s application stalls hearing

    A fresh application filed by the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, her ministry and the Nigerian National Petroleum Corporation (NNPC) yesterday stalled hearing in the suit they jointly filed to stop the House of Representatives’...

    • Posted July 5, 2014
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  • House of the Week: A lovely 3-bedroom property in Sangotedo, Ajah

    Our house of the week is this 3-bedroom terrace located at Greenland Estate in Sangotedo, Ajah, Lagos. The property is nicely designed and finished to modern taste with a very beautiful combination of carefully selected wall paint colours,...

    • Posted July 4, 2014
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  • NSE index rises 0.39% as market remains bullish

    Trading on the Nigerian bourse remained bullish for the second day yesterday as gains by blue-chip stocks lifted the Nigerian Stock Exchange (NSE) All-Share Index (ASI) by 0.39 per cent to close at 41,740.52. As a result,...

    • Posted July 4, 2014
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  • FG extends waiver of 35% on imported used vehicles to December

    The production of Peugeot 301 cars began in Nigeria yesterday following the take-off ceremony performed by Vice-President Namadi Sambo at Pan Nigeria factory at Kakuri in Kaduna State. Also inaugurated was a proposed site for automotive components...

    • Posted July 4, 2014
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  • Firms with N80bn assets must list on NSE – Reps

    A bill seeking to compel private firms with assets and turnover in excess of N80bn to quote on the Nigerian Stock Exchange passed second reading at the House of Representatives on Wednesday. The bill requires such companies...

    • Posted July 4, 2014
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  • Fuel marketers groan under unpaid subsidy claims

    Barely three months after the Federal Ministry of Finance paid N41, 074,772,210.95 to 27 Oil Marketing (OM &T) companies whose subsidy claims had successfully gone through the verification processes, the marketers are groaning under unpaid claims, THISDAY’s...

    • Posted July 4, 2014
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