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  • Tejuosho market: Court affirms Access Bank’s appointee

    A Federal High Court in Lagos on Monday affirmed the appointee of Access Bank Plc, Mr. Kunle Ogunba (SAN),  as manager of the property of Tejuosho Ultramordern Market Phase 1, Yaba, Lagos, pending when the proceeds from...

    • Posted January 21, 2014
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  • NSE ASI dips by 0.67% on Monday

    Transactions at the Nigerian Stock Market on the first trading day of the week ended on a bearish trend as the All Share Index, ASI, dipped by 280.27 points or 0.67 percent to close on Monday at...

    • Posted January 20, 2014
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  • Chief Judge reassigns N125bn alleged fraud case against Atuche, Ojo

    The Chief Judge of the Federal High Court, Justice Ibrahim Auta, on Monday re-assigned the case filed against former Managing Director, defunct bank PHB, Francis Atuche, charged with N125 billion fraud. The case which was initially before...

    • Posted January 20, 2014
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  • Market Cap gains N90billion in 4 days

    The market capitalisation of entities on the main board appreciated by N90 billion or 0.68 percent within 4 days to close last week Friday at N13.365 trillion as against the previous week’s closing figure of N13.275 trillion....

    • Posted January 20, 2014
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  • NRC seeks support of Lagos State Government to end trading on rail tracks

    Mr Akin Osinowo, the Regional General Manager of Nigerian Railway Corporation (NRC) in Lagos, has called for the support of Lagos State Government in the fight against trading along the rail tracks. Osinowo made the call in...

    • Posted January 20, 2014
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  • Nigeria targeting fair share of world cocoa market – Aikpokpodion

    Team Leader of Cocoa Value Chain Development of the Federal Ministry of Agriculture and Rural Development, Dr. Peter Aikpokpodion, is optimistic that Nigeria is on its way to reclaiming the economic prowess of cocoa, which sustained its...

    • Posted January 20, 2014
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  • We never approved Bi-Courtney terminal design — FAAN

    Federal Airports Authority of Nigeria ,FAAN, has denied approving the designs of Domestic Terminal 2 of the Murtala Muhammed Airport, Lagos, currently operated by Bi-Courtney Aviation Services under concession agreement. Bi-Courtney Aviation Services was quoted as saying...

    • Posted January 20, 2014
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  • Egbin power plant loses 480MW to gas shortage

    Gas shortage has continued to plaque the privatised power sector as the country’s largest power plant, Egbin Power Plc, has lost 480 megawatts of power to its inadequate supply. The power plant has an installed capacity of...

    • Posted January 20, 2014
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  • Mobile operators lose 39 million lines

    Digital mobile operators have lost a total of 39,768,994 lines to dormancy, investigation has shown. The latest statistics from the Nigerian Communications Commission obtained on Friday indicated that although the mobile (GSM) operators had connected a total...

    • Posted January 20, 2014
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  • China may become largest energy importer by 2035 – BP

    China is expected to exceed Europe to become the largest energy importer in the world by 2035, said a report issued by British oil giant BP. The annual Energy Outlook 2035 report released on Wednesday forecast global...

    • Posted January 20, 2014
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  • Shell warns of significant profit miss

    Royal Dutch Shell issued a “significant” profit warning on Friday, detailing across-the-board problems and the extent of the challenges facing the oil major’s new boss Ben van Beurden, who took over two weeks ago. Reuters reported on Friday,...

    • Posted January 20, 2014
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  • Commissioner tasks NDDC on mega projects

    Mr Chris Onogba, the Delta Commissioner for Special Duties, Niger Delta Development Commission (NDDC) has stressed the need for the commission to embark on mega projects. He said “in my opinion, the NDDC as an interventionist agency...

    • Posted January 19, 2014
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  • Jonathan inaugurates mortgage firm to tackle housing deficit

    Jonathan on Thursday inaugurated the Nigeria Mortgage Refinance Company Plc and spoke of his administration’s determination to tackle the housing deficit in the country. The public-private initiative is meant to bridge the financing gap in home ownership...

    • Posted January 19, 2014
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  • PTML rakes in N73bn revenue

    The Nigerian Customs Service, NCS, Ports and Terminals Multi-services Limited, PTML, Command, has said it collected a total revenue of N73.21 billion in 2013. Briefing newsen in Lagos, Head of the Command and acting Comptoller General, NCS,...

    • Posted January 19, 2014
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