Don't Miss


Latest News

  • Market operators await implementation of waivers on VAT, stamp duties

    One year and five months after President Goodluck Jonathan approved waivers and incentives to  boost capital market activities, some of those waivers are yet to be implemented, THIISDAY checks have revealed. As part of efforts to revive...

    • Posted May 6, 2014
    • 0
  • Fidelity Bank to establish 26 more branches

    Fidelity Bank Plc has received the approval of the Central Bank of Nigeria to establish 26 new branches across the country. The Managing Director/Chief Executive Officer of the bank, Mr. Nnamdi Okonkwo, said this in Uyo on...

    • Posted May 6, 2014
    • 0
  • AMCON’s debt could cause economic instability — Report

    A new study has concluded that the Asset Management Corporation of Nigeria’s estimated debt at N3.9tn could be a source of macroeconomic instability for the country. AMCON was set up by the Federal Government to acquire the...

    • Posted May 6, 2014
    • 0
  • Flight delay: NCAA summons Arik Air

    The Nigerian Civil Aviation Authority has summoned the management of Arik Air to a meeting over the alleged poor treatment of passengers on its flights in recent times. The NCAA, in a statement on Sunday, accused the...

    • Posted May 6, 2014
    • 0
  • $1bn 450MW plant’s construction begins in June

    The construction of the 450 Megawatts Azura-Edo Independent Power Plant will commence on June 30, 2014, the Co-founder and Joint Managing Director Azura Power Holdings, Dr. David Ladipo, has said. Seplat’s Oben Gas Plant will supply the...

    • Posted May 6, 2014
    • 0
  • N4trn Pension Fund not under threat – PenCom

    The National Pension Commission (PenCom) has described as baseless the insinuation that the federal government has approved the withdrawal of men of the Nigeria Police Force (NPF) from the Contributory Pension Scheme (CPS). The regulator also assured...

    • Posted May 6, 2014
    • 0
  • Capital market indicators drop by 0.34 per cent

    Activities on the Nigerian Stock Exchange (NSE) opened for the week on a negative note with the All-Share Index dropping by 0.34 per cent due to price depreciation. The News Agency of Nigeria (NAN) reports that the...

    • Posted May 5, 2014
    • 0
  • Nigeria, South Africa, Egypt account for half of Africa’s economy — World Bank

    Nigeria, South Africa and Egypt account for about half of the African economy says new data released by the World Bank Group last week. The report which ranked global economies on the basis of the strength of...

    • Posted May 5, 2014
    • 0
  • WEF is one aspect of our efforts at economic diplomacy – Okonjo-Iweala

    As Nigeria hosts the World Economic Forum on Africa, Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, told Kunle Aderinokun that the forum will translate to additional investments in the country What does...

    • Posted May 5, 2014
    • 0
  • Power: Investors demand electricity tariff increase

    Power investors have said the current electricity tariff structure is inimical to growth and called for its review. The investors, who played host to the members of the House Committee on Privatisation and Commercialisation in Lagos during...

    • Posted May 5, 2014
    • 0
  • Why power plants lack sufficient gas — Presidency

    The challenge of inadequate gas supply faced by power generation companies in the country is purely commercial, the Presidential Task Force on Power has said. The Chairman, PTFP, Mr. Beks Dagogo-Jack, in an interview with our correspondent...

    • Posted May 5, 2014
    • 0
  • Bello bows to pressure, resigns from Mainstreet Bank’s board

    Haunted by the controversial deal linked to him at Unity Bank Plc, which he once presided over as the bank’s chief executive, Falalu Bello, who was later appointed as the Executive Chairman of Mainstreet Bank Limited, resigned...

    • Posted May 5, 2014
    • 0
  • Operators give recipe for viable local airline service

    Nigerian operators have accused government of creating a hostile environment for air transportation in the country, arguing that the inability of Nigerian flag carriers to operate large fleet and compete with world’s mega airlines is because government...

    • Posted May 5, 2014
    • 0
  • World Economic Forum will address socio-economic challenges – Jonathan

    President Goodluck Jonathan on Sunday expressed confidence that the forthcoming World Economic Forum on Africa would attract huge foreign capital into Nigeria and the entire African continent. Jonathan, who was speaking at the Presidential Media Chat in...

    • Posted May 5, 2014
    • 0