Don't Miss


Latest News

  • PenCom directors can’t own pension firms – Bill

    The Federal Government may bar all board members of the National Pension Commission and their relatives from having shares in Pension Fund Administrators and Pension Fund Custodians under the Contributory Pension Scheme, investigation has revealed. Sources at...

    • Posted June 27, 2014
    • 0
  • Jonathan approves 3,050MW power plant for Taraba

    President Goodluck Jonathan has approved the construction of the 3,050 megawatts Mambilla power plant in Taraba State, the Minister of State for Power, Mr. Mohammed Wakil, has said. According to Wakil, the move by the President was...

    • Posted June 27, 2014
    • 1
  • CMC moves to end era of unclaimed dividends

    The Capital Market Committee has intensified efforts to resolve all issues regarding unclaimed dividends in the country, the Director-General, Securities and Exchange Commission, Ms. Arunma Oteh, has said. According to her, the CMC is also working on...

    • Posted June 27, 2014
    • 0
  • First Bank organises training on sustainability

    The Director, First Bank of Nigeria’s Sustainability Centre, Lagos, Dr. Chris Ogbechie, says it is time for companies, which contribute to economic growth, to be alive to their responsibilities if they plan to continue in business. He...

    • Posted June 27, 2014
    • 0
  • Nigeria expresses intent to meet EU’s long term gas supply security

    The federal government yesterday stated its determination to meet the long-term gas supply security of the European countries. It said the move was part of measures of the expand the country’s gas market across veritable frontiers. The...

    • Posted June 27, 2014
    • 0
  • NSE: Transactions remain upbeat on Wednesday

    Transactions on the Nigerian Stock Exchange (NSE) on Wednesday ended on a positive note for the fourth consecutive day. The News Agency of Nigeria (NAN) reports that, the All-Share Index appreciated by 247.01 points or 0.59 per...

    • Posted June 26, 2014
    • 1
  • Court asks SON to explain rationale for new cement grade

    A Federal High Court in Abuja yesterday said the Standards Organisation of Nigeria (SON) and the Ministry of Industry, Trade and Investment must come forward with an explanation to justify the newly-introduced cement grade, which they  wanted...

    • Posted June 26, 2014
    • 1
  • Shell pays $70bn to FG in five years

    The Managing Director of Shell Petroleum Development Company (SPDC) and Country Chairman of Shell companies in Nigeria, Mr. Mutiu Sunmonu, has disclosed that the group contributed $70billion to the Nigerian coffer from 2009 to 2013. Briefing journalists...

    • Posted June 26, 2014
    • 0
  • Capital market needs efficiency – Lemo

    For the Nigerian capital market to compete satisfactorily in the global space, it needs stronger structures and efficiency, a former Deputy Governor, Central Bank of Nigeria, Mr. Tunde Lemo, has said. According to Lemo, more work also...

    • Posted June 26, 2014
    • 0
  • FCMB to raise $300m for consumer lending

    First City Monument Bank Group Plc (FCMB) said it plans to raise about $300 million of funding this year to boost consumer lending. FCMB, based in the commercial capital, Lagos, may consider issuing Eurobonds if market conditions...

    • Posted June 26, 2014
    • 0
  • Exchange, BoA, Stanbic IBTC to float trading platform for commodities

    The Nigerian financial service sector will on July 10, 2014 witness the birth of a new trading platform distinct from those of the Nigerian Stock Exchange (NSE), FMDQ Plc and NASD Plc. The Nigeria Commodity Exchange (NCX),...

    • Posted June 26, 2014
    • 0
  • Poor generation leaves transmission stations dormant

    Many power transmission stations in the country, particularly those inaugurated recently, are dormant as a result of the drastic drop in the quantum of electricity generation. Defending the country’s transmission system and the billions of naira spent...

    • Posted June 26, 2014
    • 0
  • Cashless policy goes nationwide July 1

    The Central Bank of Nigeria on Tuesday said that the third phase of its cash-less policy would commence as scheduled in the remaining 30 states of the federation. The development was confirmed in a statement issued by...

    • Posted June 26, 2014
    • 0
  • New tariff on imported cars for July 1

    The Federal Government on Tuesday said there was no going back on the July 1, 2014 deadline set for the commencement of the 70 per cent tariff on imported new cars. It, therefore, dismissed the report of...

    • Posted June 26, 2014
    • 0