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  • Investors trade 463.09 million shares on Friday

    Transactions at the Nigerian Stock Market ended on Friday with investors trading 463.09 million shares worth N4.37 billion in 5,825 deals. This was in contrast with the 347.95 million shares worth N3.91 billion that was exchanged on...

    • Posted January 17, 2014
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  • Nigeria attracts $8bn in Foreign Direct Investment – FG

    The Minister of Foreign Affairs, Prof. Viola Onwuliri, has put the value of Foreign Direct Investment in the Nigerian economy at $8bn. She stated this at a press briefing on Thursday in Abuja where she gave the...

    • Posted January 17, 2014
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  • Nigeria overstates crude production in 2014 budget – Report

    Global rating agency, Standard & Poor’s, S&P, yesterday, raised concerns that Nigeria’s crude oil production forecast of 2.39 million barrels a day in the 2014 budget, was over-estimated. This, according to the rating agency, was due to...

    • Posted January 17, 2014
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  • Unilever Nigeria appoints Yaw Nsarkoh as Managing Director

    Unilever Nigeria Plc has announced the appointment Mr. Yaw Nsarkoh as its Managing Director effective 1st January 2014. Until this appointment, he served as Managing Director, Unilever East and Sothern Africa, based in Kenya. According to a statement...

    • Posted January 17, 2014
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  • Why FG shelved privatisation of refineries — Maku

    The Federal Government suspended the proposed sale the nation’s four refineries in order to ensure the stability of the political environment, the Minister of Information, Mr. Labaran Maku, has said. Maku, who spoke in an interview with...

    • Posted January 17, 2014
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  • FG bans importation of analogue TVs, transmitters

    From June 17 this year, it will not be business as usual for importers and users of analogue television sets and transmitters as the Federal Government will place a ban on the products. The move is aimed...

    • Posted January 17, 2014
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  • FG approves N1.9bn for Onitsha transmission line replacement

    The Federal Executive Council on Wednesday during its first meeting of the year approved a N1.9bn contract for the supply of 746 kilometres of aluminium conductor composite core reinforced for the re-conduction of the Onitsha-New Haven 330KV...

    • Posted January 17, 2014
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  • Metering policy in oil industry begins February 1

    The full implementation of the accurate metering policy in the oil and gas sector by the Weights and Measures Department of the Ministry of Industry, Trade and Investment will begin on February 1, the Federal Government has...

    • Posted January 17, 2014
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  • NSE ASI inches up by 0.31% on Thursday

    The bullish trend continued at the Nigerian Stock Market on Thursday as the All Share Index, ASI, closed higher at 41,740.77 basis points to gain by 129.62 points or 0.31 percent when compared with Wednesday’s closing figure...

    • Posted January 16, 2014
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  • WHO certifies Nigeria guinea worm free

    The World Health Organisation (WHO) has officially certified Nigeria as a Guinea Worm-Free Country, the Minister of Health, Prof. Onyebuchi Chukwu said in Abuja on Wednesday. Chukwu disclosed this while presenting the WHO certificate of clean bill...

    • Posted January 16, 2014
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  • FAAC: FG, states, LGs share N581.5bn for December 2013

    The Federal Ministry of Finance on Thursday announced that the Federation Accounts Allocation Committee (FAAC) had shared N581.498 billion to the three tiers of government for December 2013. The Minister of State for Finance, Dr Yerima Ngama,...

    • Posted January 16, 2014
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  • Tank farms must remain in Apapa – Union

    Mr Enoch Kanawa, Executive Secretary, Jetty Owners and Petroleum Tank Farm Owners Association of Nigeria, says it will be difficult to relocate tank farms from Apapa. Kanawa told the News Agency of Nigeria (NAN) on Thursday in...

    • Posted January 16, 2014
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  • ConocoPhillips’ exit delays Brass LNG take-off

    Indications emerged on Tuesday that the Final Investment Decision for the Brass LNG project located in Bayelsa State might suffer a further delay due to the shareholding vacuum created by the exit of ConocoPhillips and low interests...

    • Posted January 16, 2014
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  • Kwara not owing AMCON – Finance commissioner

    The Kwara State Commissioner for Finance, Mr. Demola Banu, has said the state does not owe the Asset Management Corporation of Nigeria. AMCON had early last year advised banks to stop advancing loans and other credit facilities...

    • Posted January 16, 2014
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