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  • Japan to support Nigeria’s automobile development plan

    Japan has pledged to provide technical assistance to the Federal Government in the implementation of the proposed Automobile Development Plan aimed at ensuring the production of various vehicles in the country. The Japanese Ambassador to Nigeria, Mr....

    • Posted January 31, 2014
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  • New BlackBerry OS 10.2 enters market

    With hundreds of new enhancements and refinements rolling out to customers, global leader in mobile communications, BlackBerry yesterday announced the entry of BlackBerry 10 OS version 10.2.1, a new software update for BlackBerry 10 smartphones that enables...

    • Posted January 31, 2014
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  • NNPC debunks rumour of imminent fuel scarcity

    The Management of the Nigerian National Petroleum Corporation (NNPC) on Thursday dismissed the reports of looming fuel scarcity. A statement issued in Abuja by Dr. Omar Ibrahim, the General Manager, Public Affairs Division, NNPC, advised members of...

    • Posted January 31, 2014
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  • CGRS will foster transparency, competitiveness – NSE

    The Nigerian Stock Exchange says a new Corporate Governance Rating System it unveiled on Wednesday in partnership with Convention on Business Integrity will encourage greater market transparency, competiveness and better governance. The Chief Executive Officer, NSE, Mr....

    • Posted January 31, 2014
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  • Obasanjo, Amosun unveil ethanol plant

    Former President Olusegun Obasanjo and Governor Ibikunle Amosun of Ogun State, yesterday unveiled a multibillion naira ultra-modern ethanol manufacturing plant in Igbesa, Ogun State. The plant built by Allied Atlantic Distilleries Ltd, a subsidiary of the Lexcel...

    • Posted January 31, 2014
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  • FG inaction threatens $37bn natural gas projects

    The Federal Government, either overtly or covertly, is believed to be threatening the take-off of the $12bn Nigeria LNG’s Train 7, $10bn Olokola LNG and the $15bn Brass LNG projects. A business intelligent firm, Oxford Business Group,...

    • Posted January 31, 2014
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  • Job losses loom in telecoms industry

    Some engineers and other employees of telecoms companies in the country may be thrown into the labour market as a result of the decision of the firms to sell off their base stations and towers. The sale...

    • Posted January 31, 2014
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  • Market cap loses N61billion on Thursday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Thursday with the market capitalisation of listed entities closing lower at N13.015 trillion losing by N61 billion or 0.47 percent when compared with Wednesday’s closing...

    • Posted January 30, 2014
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  • Oando to raise N50bn through rights issue

    Oando on Wednesday announced plans to raise N50 billion from the capital market through rights issue to its existing shareholders. A statement issued by the company and made available to the News Agency of Nigeria (NAN) in...

    • Posted January 30, 2014
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  • FG approves N240m for purchase of 44 locally assembled vehicles for SURE-P community programme

    The Federal Executive Council (FEC) on Wednesday approved N240 million for the purchase of 44 locally assembled Innoson Utility vehicles for the implementation of the SURE-P Community programme nationwide. The Minister of Labour and Productivity, Mr Emeka...

    • Posted January 30, 2014
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  • Bank security certification: GIS partners STG

    Information Security Consulting firm, Global Info Swift (GIS) has partnered Security Technology Group STG in a bid to strengthen information security controls of financial institutions in the country. This is against the backdrop of the mandate from...

    • Posted January 30, 2014
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  • Nigeria to earn N104bn from cocoa export

    Nigeria will earn about N104 billion from the export of cocoa this year as the output of the product is set to rise by 10 per cent. According to the Cocoa Association of Nigeria, this is due...

    • Posted January 30, 2014
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  • FG to complete sale of Abuja Exchange in June

    The Federal Government has said the proposed sale of the Abuja Securities and Commodities Exchange will be completed by June this year. The director General of the Securities and Exchange Commission, SEC, Arunma Oteh, who disclosed this...

    • Posted January 30, 2014
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  • Reserves: CBN shifts attention from dollar to yuan

    The Central Bank of Nigeria is planning to shift attention from the dollar to the yuan for reserves as the Chinese currency plays a greater role in global trade, Deputy Governor, CBN, Mr. Kingsley Moghalu, has said,...

    • Posted January 30, 2014
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