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  • NCRIB commences IFRS training for insurance brokers

    The umbrella body for insurance brokers in the country, Nigerian Council of Registered Insurance Brokers (NCRIB), has started a series of training to acquaint its members with the compliance requirements of the International Financial Reporting Standards (IFRS)....

    • Posted April 24, 2014
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  • NSE market capitalisation increases by N59bn

    The market capitalisation of the Nigerian Stock Exchange (NSE) on Wednesday grew by N59 billion or 0.46 per cent, to close at N12.889, from the N12.830 trillion recorded on Tuesday. The News Agency of Nigeria (NAN) reports...

    • Posted April 23, 2014
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  • TUC accuses PENGASSAN president of instigating crisis

    The leadership of Trade Union Congress of Nigeria (TUC) has accused the President of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Babatunde Ogun, of instigating monumental crisis in the labour centre. About 14 affiliates...

    • Posted April 23, 2014
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  • FG urged to establish Entrepreneurship Development Centers

    The Federal Government has been urged to establish more Entrepreneurship Development Centers (EDCs) across the country to improve access at affordable costs for aspiring or existing entrepreneurs. A director of the Central Bank of Nigeria (CBN), South...

    • Posted April 23, 2014
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  • NCC moves for higher telecoms’ contribution to GDP

    The Nigerian Communications Commission is obviously excited by the latest report of a rebased Gross Domestic Product. The recently published rebased GDP figures have put the nation’s telecoms sector as a significant contributor to the country’s economy....

    • Posted April 23, 2014
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  • NERC upbeat on NESI’s N1.5trn market growth projection by 2017

    The Nigerian Electricity Regulatory Commission (NERC) has expressed hopes that Nigeria’s emerging electricity market will meet up with the projected N1.5 trillion market value in 2017, from its current value of about N300 billion. NERC is optimistic...

    • Posted April 23, 2014
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  • Dangote Group, Honeywell, others generate 15,000mw captive power

    Dangote Group, Honeywell, BUA Group and other cement, food and beverage manufacturing plants across the country are generating over 15,000 megawatts of electricity that are not in the national grid. This was disclosed by the President and...

    • Posted April 23, 2014
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  • Stock exchange lost N780bn in turbulent Q1

    The Nigerian Stock Exchange’s Banking Index fell by 16 per cent in the first quarter of this year, more than any other sectoral indices, in what some analysts say is the worst performance by the Exchange in...

    • Posted April 23, 2014
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  • Foreign investors may raise Nigeria’s risk profile – BGL

    Analysts at BGL Plc, a research and investment firm, have said that the evolving economic and socio-political environment may heighten the nation’s risk profile among investors. According to the analysts, as the nation prepares for the elections...

    • Posted April 23, 2014
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  • Stakeholders want legal backing for National Building Code

    Stakeholders in the building and construction sector have called on the Federal Government to give legal backing to the National Building Code. The code has been accepted by all stakeholders since 2006 but has yet to receive...

    • Posted April 23, 2014
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  • FG moves to attract more investment in oil, gas

    The Federal Government on Tuesday inaugurated the organising committee for the 2014 oil and gas trade and investment forum, with a mandate to attract more investment to the oil and gas sector. The Minister of State, Industry,...

    • Posted April 23, 2014
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  • Cement dealers in South-west endorse Dangote’s 42.5 cement grade

    Cement dealers and distributors in the South-west have endorsed the newly packaged Dangote cement’s 42.5 grade (3X) and expressed optimism that the entry of the product into the market would help sanitise the building and construction industry....

    • Posted April 23, 2014
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  • All-Share Index rises by 0.24 per cent at NSE

    Transactions on the Nigerian Stock Exchange (NSE) on Tuesday ended on a positive trend as the All-Share Index (ASI) rose by 0.24 per cent. The News Agency of Nigeria (NAN) reports that the ASI appreciated by 96.75...

    • Posted April 22, 2014
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  • ABU makes breakthrough in refining

    The Petroleum Technology Development Fund (PTDF) said Ahmadu Bello University (ABU), Zaria, has announced a breakthrough in refining crude oil with local raw materials. This is contained in a statement issued by Mr Kalu Otisi, Head, Press...

    • Posted April 22, 2014
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