Don't Miss


Latest News

  • Tin Can Island Customs Command rakes in N26.3bn in April

    The Tin Can Island Command of the Nigeria Customs Service (NCS) says it generated N26.3 billion as revenue in April alone against the N16.7 billion realised in March. The Area Controller, Mr Jibrin Zakari, said in a...

    • Posted May 8, 2014
    • 1
  • NSE market indices up by 0.28 per cent

    Equities’ transactions on the Nigerian Stock Exchange (NSE), Lagos, closed on Wednesday on a positive note with the market capitalisation improving by N35 billion. The market capitalisation rose by 0.28 per cent to close at N12.702 trillion...

    • Posted May 8, 2014
    • 0
  • Shell opens bids for $12bn (N1.9tn) storage facility

    The Shell Petroleum Development Company has opened bids for the construction of its $12 billion (N1.9 trillion) Floating Production Storage and Offloading (FPSO) facility in Nigeria. The News Agency of Nigeria (NAN) reports that the facility, also...

    • Posted May 8, 2014
    • 0
  • FG promises to generate 7,000MW of power before end of the year

    In order to improve electricity supply in the country, the federal government has promised to generate 7,000 Mega Watt of electricity before the end of the year, Minister of State for Power, Mohammed Wakil, has disclosed. This...

    • Posted May 8, 2014
    • 1
  • WEFA: Okonjo-Iweala, Tinubu, Kanza meet with shapers

    The  Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said delegates to the World Economic Forum will discuss inclusive growth and job creation as this is critical to the world. Speaking yesterday...

    • Posted May 8, 2014
    • 0
  • One-tenth of world’s largest companies from Nigeria, others — Report

    Public companies in developing economies other than the BRIC countries (Brazil, Russia, India and China), now account for more than one in ten of the world’s largest 2,500 groups by market value for the first time. Analysis...

    • Posted May 8, 2014
    • 0
  • Kenya allocates seven oil blocks to Nigerian companies

    Nigerian businessmen have been awarded seven oil blocks for exploration from the 46 newly discovered oil blocks in Kenya. The Chairman of the Nigeria-Kenya Chamber, Dr. Kiprono Kittony,  disclosed in Abuja late on Monday that this was...

    • Posted May 8, 2014
    • 0
  • Tougher contract regulations will boost prices in Nigeria – MTN

    Africa’s biggest  telecommucations company, MTN, has said if the federal government makes its licence conditions more stringent, costs for customers may rise. The Minister of Communications Technology, Mrs. Omobola Johnson, had in February said the federal government...

    • Posted May 8, 2014
    • 0
  • Listed companies fail to meet result submission deadline

    Several companies listed on the Nigerian Stock Exchange are failing to meet the bourse’s deadline for filing their financials, it has been gathered. Earlier this year, The PUNCH had reported that in the first three quarters of...

    • Posted May 8, 2014
    • 0
  • Standard Chartered explains role in Azura power project

    Standard Chartered Bank Nigeria has said that the success recorded in the privatisation of the power sector as well as its drive to contribute significantly to the reforms in the sector are major reasons for its financing...

    • Posted May 8, 2014
    • 0
  • Alade, Rewane, others move to boost cash-less policy

    In a bid to driving the Central Bank of Nigeria’s cashless policy, a one-day international seminar will be holding in Lagos next month among stakeholders in the financial system. The Acting Governor, CBN, Dr. Sarah Alade; Deputy...

    • Posted May 8, 2014
    • 0
  • Fidelity Bank, Ria Money promote electronic money transfer

    Fidelity Bank Plc says it has partnered a global international fund transfer company, Ria Money Transfer, to boost international electronic money transfer and also promote the Central Bank of Nigeria’s financial inclusion drive. The Managing Director of...

    • Posted May 8, 2014
    • 0
  • Our contribution to rice farming boosted output by 50% – Stallion Group

    The Stallion Group has stated that its investment in the development of rice production in the country has contributed immensely to the rise in rice output  by over 50 per cent. Acknowledging the uncommon leadership provided by...

    • Posted May 8, 2014
    • 0
  • Access Bank records N13bn Q1 profit

    Access Bank Plc has announced a profit before tax of N13.4 billion in its unaudited results for the three months ended 31 March 2014. This represents an increase by 20 per cent compared to the N11.1 billion...

    • Posted May 7, 2014
    • 1