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  • First Bank introduces non-collateral loans for SMEs

    First Bank of Nigeria has introduced non-collateral loans for Small and Medium Enterprises. The bank said the move was meant to drive the growth of the SME sub-sector. The Head, SME Banking, Mr. Oluwafemi Akinfolarin, who spoke...

    • Posted March 28, 2014
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  • Sterling Bank posts N9.3bn profit

    Sterling Bank Plc yesterday reported a net profit of N9.3 billion for the year ended December 31, 2013, showing an increase of 24 per cent compared with N7.5 billion reported in the 2012. The bank is rewarding...

    • Posted March 28, 2014
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  • Delta debunks alleged misappropriation of N9bn excess crude fund

    The Delta State Government has debunked allegations that it mismanaged N9 billion excess crude funds released to the state in December 2012. Reacting to a purported press briefing by Hon. Dino Melaye, the Secretary to the State...

    • Posted March 28, 2014
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  • Kaduna expresses commitment to SMEs

    The Kaduna State Government has expressed its determination to promote the establishment of medium and small scale industries to create jobs and fast track development. The state Commissioner for Commerce and Industry, Mr Joshua Uchissa gave the...

    • Posted March 28, 2014
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  • Shell, NNPC assess options for $12bn NLNG expansion

    Shell Nigeria, Nigerian National Petroleum Corporation and other shareholders of the Nigerian LNG Limited are considering options that can be used to implement the expansion of the LNG facility estimated to cost $12bn. The Vice-President, Nigeria &...

    • Posted March 28, 2014
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  • SEC targets top 20 spot by 2024

    The Securities and Exchange Commission says its target is to make the Nigerian capital market to be one of the top 20 markets in the world in the next 10 years. The Director-General, SEC, Ms. Arunma Oteh,...

    • Posted March 28, 2014
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  • CBN building inferno halts foreign exchange trading

    Foreign exchange trading activities at the Central Bank of Nigeria’s Lagos office in Marina were temporarily suspended on Wednesday as a result of the fire that ravaged some sections of the building on Tuesday evening. The CBN...

    • Posted March 28, 2014
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  • Cashless policy will create first class economy — CBN

    Governor of Central Bank of Nigeria, CBN, Mrs Sarah Alade, has said that its cashless policy will turn the country’s economy into a first class one and that it was not intended to eliminate the use of...

    • Posted March 28, 2014
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  • Upstream investment: NIPCO plans to hit 30,000 oil barrels per day

    The Nigerian Independent Petroleum Company of Nigeria (NIPCO) has commenced its upstream operations with marginal investments in two firms. This is part of initiatives to boost the company’s production to 30,000 barrels per day. The Managing Director,...

    • Posted March 27, 2014
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  • Investors stake N6.56bn on 406.179m shares on NSE

    The volume of shares traded on the Nigerian Stock Exchange (NSE) on Thursday rose by 78.42 per cent as investors traded 406.179 million shares worth N6.56 billion in 4,358 deals. The News Agency of Nigeria (NAN) reports...

    • Posted March 27, 2014
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  • Court didn’t stop tolls on Lekki-Ikoyi bridge – Lagos

    Lagos State Attorney-General and Commissioner for Justice, Mr. Ade Ipaye, has said the Thursday’s judgment of the Federal High Court did not stop toll collection on the Lekki-Ikoyi bridge. Justice Saliu Saidu of the Federal High Court,...

    • Posted March 27, 2014
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  • Transactions remain upbeat on NSE

    Equity transactions on the Nigerian Stock Exchange (NSE) on Wednesday ended on a positive note for the second consecutive day. The News Agency of Nigeria (NAN) reports that the All-Share Index appreciated by 91.72 points or 0.24...

    • Posted March 27, 2014
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  • Oshodi rail station to resume services after 7 years

    The Nigerian Railway Corporation (NRC) is to re-open its Oshodi Station in Lagos on March 31 after seven years of closure. The NRC said in a statement in Lagos on Wednesday that the proposed re-opening was in response...

    • Posted March 27, 2014
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  • Shell declares force majeure on Forcados oil export

    The Shell Petroleum Development Company Joint Venture has declared a force majeure on oil lifting from the Forcados Terminal. The company, in a statement on Tuesday, said the force majeure became effective from 09:00 hours on Tuesday,...

    • Posted March 27, 2014
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