Don't Miss


Latest News

  • Electricity workers shelve strike for two weeks

    Electricity workers of the defunct Power Holding Company of Nigeria and its successor companies have shelved their planned nationwide strike, which would have commenced on Tuesday. The strike, it was learnt, had been suspended for two weeks. Our correspondent...

    • Posted January 15, 2014
    • 0
  • Customs redeploys 36 officers at Tin Can

    Thirty-six officers of the Nigeria Customs Service at the Tin Can Island Port in Lagos have been re-deployed for alleged roles in delay in releasing cargoes. A statement by the Customs command at the port on Monday...

    • Posted January 14, 2014
    • 0
  • Naira appreciates by 400k in parallel market as CBN sells $749m

    The naira appreciated by 400 kobo to N169 per dollar at the parallel market last week, even as the Central Bank of Nigeria (CBN) sold $749.84 million through the Retail Dutch Auction System (RDAS). Last year the...

    • Posted January 14, 2014
    • 0
  • FAAN has no business in cargo handling – Owolabi

    Managing Director, Skyway Aviation Handling Company, SAHCOL , Mr. Oluropo Owolabi has said that the Federal Airports Authority of Nigeria ,FAAN, has no business in handling cargoes at the airport. Speaking to Aviation reporters at the training...

    • Posted January 14, 2014
    • 0
  • Stockbrokers task NSE on market depth

    Stockbrokers in the nation’s capital market have appealed to the Nigerian Stock Exchange, NSE, to increase the depth of the market by further introducing more quality securities that will absorb the expected liquidity inflow in the course...

    • Posted January 14, 2014
    • 0
  • Oil workers angry over state of Sagamu-Ikorodu Road, give FG February deadline

    Oil workers at the Mosimi Depot of the Nigerian National Petroleum Corporation have threatened to embark on an indefinite strike to protest the “deplorable state” of the Sagamu-Ikorodu Road. The oil workers, under the aegis of the...

    • Posted January 14, 2014
    • 0
  • Dangote Cement to complete five African plants

    Five cement plants belonging to Dangote Cement and spread across five countries in Africa will be completed this year, the company has said. The plants, which are at various stages of construction, according to the Group President...

    • Posted January 14, 2014
    • 0
  • Two Indian firms plan auto plants in Nigeria

    Less than three months after the announcement of the National Automotive Industry Development Plan, two vehicle manufacturing companies from India have indicated interest in establishing plants in Nigeria. The development was confirmed in a statement issued on...

    • Posted January 14, 2014
    • 0
  • Procurement reforms saved FG N58bn in 2013 – BPP

    The Bureau of Public Procurement has said it saved the nation about N58bn through the review of contracts for capital projects last year. The Director-General, BPP, Mr. Emeka Ezeh, said this in Lagos on Friday at the...

    • Posted January 14, 2014
    • 0
  • Investors trade 380.64 million shares on Monday

    Transactions at the Nigerian Stock Market on the first trading day ended with investors trading 380.64 million shares valued at N4.47 billion in 6,222 deals. This was in contrast with the 294.99 million shares worth N6.09 billion...

    • Posted January 13, 2014
    • 0
  • NSE ASI inches up by 0.07% in five days

    The NSE All-Share Index inched up by 30.14 points or 0.07 percent within 5 days to close last week Friday at 41,480.62 basis points as against the preceding week’s closing figure of 41,450.48 basis points. The market...

    • Posted January 13, 2014
    • 0
  • Foreigners have taken over our economy — MAN

    Ikpong Umoh is the Vice Chairman, Toiletries and Cosmetics (T&C) Group of Manufacturers Association of Nigeria (MAN). He speaks on the activities of the sector in 2013, the need for the Federal Government to revamp industries in...

    • Posted January 13, 2014
    • 0
  • FG pays former PHCN staff N361bn

    The Bureau of Public Enterprises, BPE, said, yesterday, that 43, 375 former staff of the Power Holding Company of Nigeria, PHCN, have been verified and paid their terminal benefits totaling N361,024,432,338.48. The image maker of the bureau,...

    • Posted January 13, 2014
    • 0
  • IPMAN denies plan to commence nationwide strike

    The Independent Petroleum Marketers Association of Nigeria (IPMAN), on Sunday said its members had no plan to embark on a nationwide strike in February. Its National President, Alhaji Abdulkadir Aminu, made the denial in a statement issued...

    • Posted January 13, 2014
    • 0