Don't Miss


Latest News

  • Dangote formally launches 42.5 cement grade with SON approval

    The Standards Organisation of Nigeria (SON) yesterday formally gave approval to Dangote Cement Plc to commence the rolling out of  42.5 higher grade of cement into the Nigerian market. The agency said it had inspected the company’s...

    • Posted March 27, 2014
    • 0
  • Why NCC cannot transfer N642m telecoms fine to subscribers

    The Executive Vice-Chairman, Nigerian Communications Commission (NCC), Mr. Eugene Juwah, yesterday disclosed that the commission cannot make any cash transfer to subscribers of GSM telecommunications service as a result of the recent sanctions, which compelled MTN, Glo...

    • Posted March 27, 2014
    • 0
  • Refineries likely for privatisation this year — NCP

    The National Council on Privatisation has listed the nation’s four refineries for possible privatisation this year. The Director-General, Bureau of Public Enterprises, Mr. Benjamin Dikki, disclosed this in a statement made available to our correspondent in Abuja...

    • Posted March 27, 2014
    • 0
  • 2,100MW of electricity lost to pipeline vandalism — FG

    The country has been losing about 2,100 megawatts of electricity in past few months as a result of vandalism of gas pipelines, the Federal Government has said. The government also said on Tuesday that it was quoted...

    • Posted March 27, 2014
    • 0
  • 2015: CBN to withdraw N360bn from banks

    The Central Bank of Nigeria on Tuesday moved to tighten liquidity ahead of the 2015 elections by raising the Cash Reserves Requirement for private sector deposits by 300 basis points from 12 per cent to 15 per...

    • Posted March 27, 2014
    • 0
  • Nigeria, China seal pre-paid meters manufacturing deal

    A consortium of companies in Nigeria has sealed Memorandum of Understanding with some Chinese group of investors for the assembling and manufacturing of pre-paid power meters, and oil and gas pipes. The deal, consummated at the headquarters...

    • Posted March 27, 2014
    • 0
  • Nigeria dominates Africa in Schneider Electric Competition

    Schneider Electric, the global specialist in energy management, has unveiled the 100 teams that qualified for the semi-finals of the Go Green in the City global student challenge. In the first year of Africa’s participation in the...

    • Posted March 27, 2014
    • 0
  • GNI posts N2.8bn premium income

    Mr Olatokunbo Talabi, the Chairman of Great Nigeria Insurance (GNI), on Wednesday said the company recorded N2.8 billion gross premium income in the financial year ended Dec. 31, 2012. Talabi disclosed this at the company’s 48th Annual...

    • Posted March 26, 2014
    • 0
  • Sterling Bank posts N9.3bn after tax profit

    Sterling Bank Plc on Wednesday announced a profit after tax of N9.3 billion for the financial year ended Dec. 31, 2013. The News Agency of Nigeria (NAN) reports that this was against the N7.5 billion declared in...

    • Posted March 26, 2014
    • 0
  • New CBN boss vows stability, growth

    Nigeria’s new central bank chief on Wednesday vowed to ensure economic stability to create jobs and boost growth, as lawmakers approved his appointment after the controversial suspension of his predecessor. Zenith Bank boss Godwin Emefiele will replace...

    • Posted March 26, 2014
    • 0
  • CBN retains 12% lending rate

    The Central Bank of Nigeria (CBN) on Tuesday announced that the prevailing 12 per cent lending rate in the country had been retained. The Acting Governor of the apex bank, Dr Sarah Alade, made this known while...

    • Posted March 26, 2014
    • 0
  • NSE moves to curb market infractions

    The Nigerian Stock Exchange has inaugurated the ‘X-Whistle’ initiative to curb the growing issues of market infractions. This, according to the Exchange, is part of the efforts aimed at strengthening corporate governance, curbing infractions and making the...

    • Posted March 26, 2014
    • 0
  • IFC proposes $1.5bn annual investment in Nigeria

    The International Finance Corporation IFC), which is the  private sector arm of the World Bank, has unfolded plans to commence an annual investment of $1.5 billion in critical sectors of the Nigerian economy. The first tranche of...

    • Posted March 26, 2014
    • 1
  • FG realised N397.7bn from privatisation in 2013 – BPE

    The Bureau of Public Enterprise (BPE) in Abuja on Tuesday said N397.7 billion was generated through privatisation transactions in 2013. The BPE Director-General, Mr Benjamin Dikki, made this known at a news briefing to unveil the 2014...

    • Posted March 26, 2014
    • 0